Baystate Financial leader on MassMutual deal: ‘We have our independence back’ The Boston-based financial planning firm Baystate Financial has moved from MetLife’s family of investment advisers to MassMutual, part of the Springfield insurance giant’s $165 million purchase of MetLife’s U.S. retail adviser network.
Keeping this in consideration, is Baystate Financial a fiduciary?
More specifically, some of BWM’s advisors receive commissions for the sale of certain securities and insurance products. Although this represents a possible conflict of interest, the firm abides by fiduciary duty. This legally binds Baystate to act in its clients’ best interests at all times.
Hereof, what is Baystate Financial? Baystate is headquartered in Boston MA, and has 16 office locations throughout New England. Baystate Financial specializes in many things such as financial planning, business and estate planning, retirement planning, as well as a variety of protection and investment products.