#USA #Boston #Baystate Financial #Dave Porter #Andrew Cleary

Transitioning Leadership: Baystate Financial Welcomes Andrew Cleary as New Managing Partner

Baystate Financial Announces Leadership Transition

Baystate Financial, a prominent figure in the wealth management sector, has made significant headlines with the upcoming retirement announcement of their Managing Partner, Dave Porter. After dedicating nearly 30 years to the firm, Porter will step down on January 2, 2026, ushering in a new leadership era with the transition to Andrew Cleary. This change comes at a significant milestone for Baystate, which will be celebrating its 125th anniversary in 2026, marking an extensive history of growth and institutional resilience.

A Legacy of Leadership

Porter’s illustrious career at Baystate Financial began in 1996 when he took on the leadership role. Under his guidance, the firm experienced remarkable expansion, transforming from a location with just 49 advisors and 10 staff members into a thriving enterprise boasting 17 major offices and a robust workforce of over 600 advisors and staff. During this impressive growth phase, the firm’s managed assets skyrocketed from $280 million to an astonishing $24.2 billion, and the life insurance protection offered by Baystate increased to more than $20.4 billion.

The firm’s growth has not only been financial but also in fostering a workplace culture recognized for its commitment to collaboration and community support. Under Porter’s leadership, the Baystate Financial Charitable Foundation successfully raised $5 million for various children’s charities and community programs. The firm has been repeatedly honored as one of the “Best Places to Work” by notable publications including The Boston Globe, Providence Business News, and Boston Business Journal.

Transitioning to New Leadership

Andrew Cleary, who was named a partner at Baystate in 2024, will now take the reins as the managing partner. Cleary brings a wealth of experience, having spent two decades in client advisory roles and leading successful teams. He co-founded SFP Wealth, a testament to his capability and commitment to financial growth and client service. In expressing his sentiments on taking over, Cleary remarked, “I am honored to follow in Dave's footsteps. His leadership has elevated Baystate into one of the premier firms in the country.”

This leadership transition signifies more than just a change at the top; it embodies a continuity of Porter’s vision and the mission to serve clients effectively, emphasizing the importance of stability coupled with innovative growth strategies.

A Bright Future Ahead

Porter’s influence at Baystate extends beyond financial metrics. His active participation in various organizations showcases his commitment to community engagement and philanthropy. He has served as a board member and former chair for institutions like Elon University and Zoo New England, alongside other notable roles. His contributions to these organizations underline his dedication not just to business growth, but to societal advancement as well.

As Baystate Financial moves into this new chapter, key partners such as Greg Meahl and Bryan Morrell will continue to lend their support, ensuring that the transition is smooth and the firm remains steadfast in its strategic initiatives. The focus will remain on enhancing the quality of financial advice, service to clients, and commitment to community initiatives.

Porter's legacy is characterized by an unwavering commitment to helping families and businesses secure their financial futures, a principle that Cleary aims to uphold and cultivate. The groundwork laid by Porter promises a thriving and dynamic future for Baystate Financial as it embarks on its next journey of leadership and innovation.

To learn more about Baystate Financial, their services, and ongoing initiatives, visit www.baystatefinancial.com.