Business Details
50+ Years
experience
Your Trusted Partner for Financial Planning Solutions
Baystate Financial has been guiding clients toward financial security since 1901, rooted in a century-long commitment to personalized service and strategic expertise. Our approach centers on three core principles: guidance, insight, and results, ensuring clients receive tailored financial planning, investment management, and risk management solutions. We prioritize understanding each client's unique goals, whether preserving wealth, planning for retirement, or securing their family's future. Our team of over 300 financial professionals collaborates with clients to develop dynamic strategies that adapt to life's evolving circumstances. With a focus on transparency and education, we empower clients to make informed decisions without overwhelming them with industry jargon.Our legacy of trust is built on proactive advice, a dedication to community, and a customer-centric culture that has made us one of New England's largest privately-owned financial services firms. We serve over 300,000 clients across 16 offices, offering specialized services for business owners, healthcare professionals, executives, and families. Our proprietary tools, like Personal Financial View, streamline financial organization while maintaining rigorous compliance and ethical standards. Recognized for growth and workplace excellence, we combine innovation with time-tested principles to deliver lasting value. For generations, Baystate Financial has been more than a service providerwe are a trusted partner in achieving financial independence.
Services
Financial Planning
Investment Management
Risk Management
Retirement Planning
Estate Planning
Business Succession Planning
Tax Strategy Consulting
Employee Benefits Programs
Wealth Preservation
Financial Wellness Education
Details
- Year established: 1901
Highlights and features
- We offer over a century of experience in personalized financial planning and wealth management.
- Our client-centric approach prioritizes tailored strategies over generic investment products.
- We provide proactive guidance through life's evolving financial challenges and opportunities.
- Our team includes 300+ financial professionals supported by advanced technological resources.
- We maintain a strong commitment to community through the Baystate Financial Charitable Foundation.
Associations and certifications
- Registered Investment Advisor
- SIPC
Services
Financial Planning
Our financial planning process begins with understanding your unique goals through detailed consultations. We create customized roadmaps addressing retirement, education funding, and wealth transfer while adapting to life changes. Regular reviews ensure your plan evolves with your circumstances, combining investment growth strategies with risk management to achieve long-term objectives.
Investment Management
We develop long-term investment strategies aligned with your risk tolerance and financial goals. Our team designs diversified asset allocations, selects appropriate managers, and implements portfolios that balance growth potential with capital preservation. Continuous monitoring and performance reporting ensure your investments remain aligned with evolving market conditions and personal objectives.
Risk Management
Our risk management specialists analyze your protection needs and recommend insurance solutions from top carriers. We implement coverage for life, disability, and long-term care, regularly reviewing policies to ensure adequate protection. This process safeguards your assets against unexpected events while integrating with overall financial planning strategies.
Retirement Planning
We help clients prepare for sustainable retirement income through comprehensive analysis of savings, Social Security optimization, and withdrawal strategies. Our plans address tax-efficient distributions and longevity risks, ensuring your financial resources support your desired lifestyle throughout retirement while maintaining flexibility for changing needs.
Estate Planning
Our estate planning services coordinate with legal professionals to create efficient wealth transfer strategies. We address tax minimization, beneficiary designations, and trust implementation while ensuring alignment with your overall financial plan. Regular reviews adapt to legislative changes and personal circumstances to protect your legacy.
People
David C. Porter
Managing Partner
David Porter has led Baystate Financial since 1996, growing the firm from 49 to 300+ financial professionals. Under his leadership, the company expanded to 16 regional offices and established the Baystate Charitable Foundation. He emphasizes client-centric values while driving innovation in financial services.
Questions
What services does Baystate Financial offer?
We provide comprehensive financial planning, investment management, risk management, retirement planning, estate planning, and business succession strategies tailored to individual and corporate clients.
How long has Baystate Financial been in business?
Baystate Financial has served clients since 1901, establishing a legacy of trust and expertise in financial advisory services across New England.
Who are Baystate Financial's typical clients?
We specialize in serving business owners, healthcare professionals, corporate executives, and families with complex financial needs at various life stages.
What distinguishes Baystate Financial from other advisors?
Our client-first philosophy, 100+ year history, and integration of technology with personalized service create unique value for our clients.
How does Baystate Financial approach investment management?
We use a structured process defining objectives, developing strategies, implementing portfolios, and monitoring results with regular client communication.
Does Baystate Financial offer workplace financial wellness programs?
Yes, our PlanWell program provides companies with financial education and tools to improve employee financial wellbeing.
Reviews (3)
Jamin Wright
Jan 03, 2018
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Received 2 unsolicited emails within 5 minutes to my work email about personal finance management. Don't know how they got my work email, but incredibly inappropriate to reach out that way. UPDATE: I've received the same auto sent email 4 times now, marked them as spam.
Tai Gur
Mar 06, 2016
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I highly recommend Jerry Facey as your next financial adviser. One thing that stood out to me was how knowledgeable, Honest and down to earth he is. He really seem to care and understand my family's financial goals.
Kris Girrell
Jun 23, 2013
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OUr financial advisor (Janice Berner) is absolutely the best. I have so often found that financial advisors try to sell you products and I always feel like Janice is working for me and has my best interest in mind. I thoroughly and implicitly trust her.
