Needham Bank Celebrates Milestone with The Bulfinch Group

NEEDHAM, MA--On April 14, 2016 Needham Bank made its 100th introduction to The Bulfinch Group as part of a strategic alliance the two companies formed recently to share product resources with each other’s customer base. In doing so, Needham Bank, with nine offices in MetroWest, is able to offer its customers the full retirement planning and wealth management capabilities of The Bulfinch Group. Conversely, The Bulfinch Group is able to offer its customers the full array of state of the art banking products and services offered through Needham Bank.

The strategic alliance is atypical in the banking industry wherein some banks have formed alliances with asset large wall street management firms. “As we looked for a strategic partner, we were impressed with the local management of Bulfinch as well as the comprehensive approach they take with each customer. More than managing assets, we wanted a local resource committed to taking the time with each of our customers to develop a specific plan for them. Each customer is different, so each plan must be different. There is no cost associated with meeting with Bulfinch to discuss a plan and no obligation on the part of our customers to work with them, if they choose not to. We feel really good about offering this to our customers through this alliance” offered Mark Whalen, Needham Bank’s CEO.

Photo: Seth Medalie, President, The Bulfinch Group; Kevin Schneider, EVP/Partner, The Bulfinch Group; Mark Whalen, CEO, Needham Bank.

In their recently published 2016 Retirement Confidence Survey, according to the Employee Benefit Research Institute, only 21% of workers surveyed claim to be “very confident” that they’ll have enough money to live comfortably throughout their retirement. “Everyone should have a plan” stated Whalen. “The fact of the matter is that everyone says they have a plan, but the sad truth is that too few actually do. Obviously, the sooner someone starts, the better, but it’s never too late.”

“The Bulfinch Group has developed this alliance with Needham Bank because their mission and values align with those of our firm,” explains Bulfinch Group founder and President Seth Medalie, CLU®, ChFC®. “The synergy between our two organizations is significant; Needham Bank and The Bulfinch Group are both deeply committed to giving back to the communities we serve. We are both also deeply committed to helping our clients and their families create sound financial services planning and banking relationships to help them realize their goals. We are extremely pleased with our business alliance with Needham Bank and look forward to working together to help individuals and businesses realize their goals and objectives.”

Products and services provided through The Bulfinch Group are not FDIC insured and are not guaranteed by Needham Bank and may lose value. Securities products and advisory services offered through Park Avenue Securities LLC, member FINRA, SIPC. Life insurance offered through The Bulfinch Group Insurance Agency, LLC, an affiliate of The Bulfinch Group, LLC. The Bulfinch Group, LLC and Needham Bank are not affiliated and are not affiliates or subsidiaries of PAS or Guardian. 2016-22283 Exp 4/18