Glenmede’s growth strategy is a little bit boring, but that is just the way the Philadelphia-based investment and wealth management company’s new chief executive officer likes it.

Despite a 20% increase in assets last year to $18 billion as of Dec. 31, Glenmede doesn’t have any aggressive growth plans in the forseeable future. The privately-held Philadelphia investment and wealth management company plans to focus on organic growth and client retention this year even if the strategy is a little ho-hum.

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