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WALNUT CREEK, Calif., Oct. 28, 2022 (GLOBE NEWSWIRE) — Baystate Financial, the general agency of Massachusetts Mutual Life Insurance Company (MassMutual), and the International Association of Fire-Finance Corporations (IAFF-FC) announced the Wealth Management Initiative, while IAFF members will have direct access to insurance, investments, financial planning and financial education through Baystate Financial and certain other nationally located MassMutual firms. IAFF members receive individual attention and access to financial services and financial education curricula.
With more than 331,000 members across the United States and Canada, the International Association of Fire Fighters (IAFF) is the nation’s largest organization of professional firefighters, paramedics and emergency services personnel.
The Wealth Management Initiative will be introduced to IAFF members in markets across the United States by the end of the year. Initial markets include MassMutual based in New England (Baystate Financial), California (Capstone Partners and MassMutual Northern California) and Florida (Coastal Wealth).
“Our members will greatly benefit from the opportunity to create a personalized financial plan based on their own goals and timeline, with as much or as little commitment as you desire,” said IAFF President General Edward Kelly. “Our firefighters and first responders deserve the opportunity to financially protect and secure their and their families’ futures, and this opportunity allows them to take steps to achieve that goal.”
“We are proud to partner with IAFF-FC to bring IAFF members and their families financial strategies to help them make timely decisions at every stage of life,” said Dave Porter, Managing Partner of Baystate Financial. “We are committed to providing the personalized attention and accessibility that IAFF members deserve.”
About MassMutual Northern California
One of the largest wealth management and financial services firms in Northern California with over 200 financial professionals, seven offices and 16 support teams. They are fully equipped to provide clients with personalized analysis to create and implement solutions that work best for them. More information: https://northerncalifornia.massmutual.com/
The IAFF-FC entered into an agreement with MML Investors Services, LLC (MMLIS). IAFF-FC is not a client of MMLIS, but supports MMLIS and its representatives to offer financial well-being, information, products and services to IAFF members. The IAFF-FC is compensated for its support and receives 20% of any gross commission or fee resulting from the purchase of insurance, investments or investment advisory services by an IAFF member through MMLIS or its agents. As a result, the IAFF-FC has an incentive to support the MMLIS and its representatives. The IAFF-FC intends to use a portion of the commissions or fees earned to support the IAFF’s behavioral health and wellness program offerings. Securities products and investment advisory services are offered through representatives of MML Investors Services, LLC(MMLIS), Member SIPC® and a subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, MA 01111. CRN202508-2841252
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