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BAYSTATE FINANCIAL EXPANDS EXECUTIVE TEAM WITH APPOINTMENT OF ANDREW CLEARY AS PARTNER

Boston (February 5, 2024) – Baystate Financial, one of the largest and fastest-growing financial services firms in the Northeast, today announced it has expanded its executive leadership team with the appointment of accomplished advisor and co-founder of SFP Wealth, Andrew Cleary. Cleary joins a seasoned leadership team led by Managing Partner Dave Porter (32-year tenure), and Partners Greg Meahl (12 years), Stephanie Rivas (2 years), Bryan Morrell (2 years).

Mr. Cleary has spent nearly 20 years working with clients across the country as a financial advisor and CERTIFIED FINANCIAL PLANNER™ (CFP®) practitioner. In his expanded role at Baystate, he will focus on enhancing advisor training, refining marketing strategies, and bolstering practice management initiatives company wide. Cleary will continue to serve as a Partner at SFP Wealth, the largest team at Baystate with 24 associates.

“Andrew brings a fresh and unique viewpoint to the firm from both the advisor and leadership perspective,” said Dave Porter, Managing Partner at Baystate Financial. “As Partner at Baystate, Andrew will work directly with advisors to help grow their practices and leverage resources to ensure their success. I am confident that his drive and demonstrated achievements will help us really move the needle in 2024.”

Cleary, a well-known name in the industry, has received many accolades throughout his career. In 2023, he was recognized as a Forbes Top Financial Securities Professional Best-In-State, a Five Star Wealth Manager*, and a NAPA Top DC Advisor**.

When Porter took over Baystate Financial in 1996, it was a small regional firm. Since that time, Baystate’s focus has shifted from selling financial products to working closely with clients on short- and long-term financial planning goals.  Financial planners and advisors at Baystate take an agnostic approach for clients that includes understanding objectives, developing and implementing individualized plans, and then servicing and updating those plans as client needs evolve and advance through different phases of their lives.

Today, backed by a support and planning infrastructure unrivaled in financial services, Baystate boasts a network of offices across the Northeast and, most recently, Florida.

About Baystate Financial

Headquartered in Boston, Baystate Financial is one of the oldest and largest wealth management and financial services firms in in the Northeast, with offices across the region and in Florida. With more than 300 financial professionals, 100 support staff and an infrastructure of specialists, their proven record of excellence, stability and adaptability dates back to 1901. Baystate serves the financial needs of individuals, families, businesses, and institutions. The firm is uniquely positioned to guide clients through the ever-changing world of finance.

Learn more at www.baystatefinancial.com.

Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, LLC. Member SIPC. 1 Marina Park Drive, 16^th Floor Boston, MA 02210. 617-585-4500. CRN202702-5837647

* This award was issued by Five Star Professional. For each year issued, the issue date and time period are as follows: 2012 – 2/1/12, 5/23/12 – 1/6/12; 2013 – 2/1/13, 5/23/13 – 1/6/13; 2014 – 2/1/14, 5/23/14 – 1/6/14; 2015 – 2/1/15, 5/23/15 – 1/6/15; 2016 – 2/1/16, 5/23/16 – 1/6/16; 2017 – 2/1/17, 5/23/17 – 1/6/17; 2018 – 2/1/18, 5/23/18 – 1/6/18; 2019 – 2/1/19, 5/23/19 – 1/6/19; 2020 – 2/1/20, 5/23/20 – 1/6/20; 2021 – 2/1/21, 5/23/21 – 1/6/21; 2022 – 2/1/22, 5/23/22 – 1/6/22; 2023 – 2/1/23, 5/23/23 – 1/6/23. The award is based on 10 objective criteria. Eligibility criteria-required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review; 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria-considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not an endorsement or indicative of the future performance of the wealth manager. A fee was not paid for consideration however a fee is paid for marketing materials. For additional information, visit www.fivestarprofessional.com.

** National Association of Plan Advisors (NAPA) Top DC Advisor Teams is issued to teams defined as being at a single physical location and having at least $100 million in self-reported defined contribution (DC) plan assets under advisement (AUA). The 2021 list was published on 3/29/2022 based on AUA as of 12/31/2021. The 2022 list was published on 3/16/2023 based on AUA as of 12/31/2022. AUA is defined as the total value of DC plan assets on which the advisor team provides guidance and receives a fee or commission. These assets are generally held away at 3rd party plan providers. AUA is not to be confused with Regulatory Assets Under Management (“AUM”) as defined by the Securities and Exchange Commission. The award is not an endorsement or indicative of the future performance of the financial adviser. MML Investors Services, a MassMutual subsidiary, is a member firm and pays and annual fee to maintain its membership. MassMutual is not involved in the nomination or final selection process. A fee was not paid for consideration. For additional information, please visit www.napa-net.org.