Nicklas Nagengast, Financial Adviser, Baystate Financial

03/11/2025

You’ve heard the old adage, “It’s time in the market, not timing the market.” Let’s take a look at your time horizon and risk tolerance to ensure you have the right mix of assets to help you achieve your dreams in life.

09/17/2024

Investing isn’t just about the proper allocation to stocks, bonds, and cash. It’s also about careful estate and wealth transition planning. Let’s discuss your plans to help ensure they meet your family’s needs.

An estate plan can protect your assets, interests and beneficiaries, provided you avoid costly mistakes pertaining to your trust, will, ownership and more.

04/03/2024

Join us for an Estate Planning webinar - Five Estate Planning Documents You Should Know About

Date: April 11th
Time: Offered at 12PM and 5:30PM
RSVP at: www.baystatefinancial.com/events

This webinar is for all audiences and will cover the 5 basic estate plan documents that everyone needs to complete to have a comprehensive estate plan and what to look for in your existing estate plan documents that may cause a curve-ball to your ultimate directive and wishes. This session will cover:
· What is an estate plan and what happens if you don’t have one?
· What is a Will, Trust, Healthcare Proxy, Power of Attorney, and HIPAA Proxy?
· How does Probate work and how can you avoid it?
· What if you have a child or now adult with special needs?
· What if you have children under or over the age of 18?
· What if you are a blended family?
· What curve-balls can you avoid by reviewing your plan?

06/27/2023

I made a website, and I'm quite proud of it. Check it out at:

www.biotechadviser.com

Do you have the time, knowledge, desire, or discipline to ensure you’re making the most of your maximum financial potential? If not, let us focus on your financial planning so you can focus on the science...

03/15/2023

As we all navigate these turbulent times, it's important to think about the impact of rising inflation, volatile markets, and political uncertainty on our financial goals. If you're feeling unsure about how to navigate your financial situation in this environment, know that you're not alone.

I have been fortunate in my career to help many clients weather challenging economic conditions. My door is always open for a conversation, so feel free to use the calendar link below to set up a time to see if we're a good fit.

Remember, this is the time when advisers earn their keep. Let's work together to navigate these uncertain times.

11/11/2022

To all those who have served, we recognize and honor you today and always. Thank you for your service

09/13/2022

"He who fails to plan is planning to fail." - Winston Churchill

The vicious cycle of not having a plan because you procrastinate, and procrastinating because you don't have a plan.

If you've been procrastinating, let's chat and see if we can make a plan.

08/04/2022

❗️THANK YOU TO EVERYONE WHO HAS SUPPORTED ME❗️

I was very grateful to be able to attend the Leaders Conference hosted by MassMutual a couple weeks ago.

I want to say thank you and show my appreciation to my team, family, and friends, but most importantly to my clients for the trust they place in me. I look forward to continue to serve you for many more years to come.

I’m truly blessed to be a trusted resource to my clients and I am excited to meet and work with even more wonderful people as my career continues into the future.

Part of the leaders conference allowed us to walk the track at Fenway Park. I had to run right to my favorite sign and make sure I got a pic! 😄

04/22/2022

"Why is this important? The public holds physicians in high esteem while a financial advisor is often considered a securities salesperson. If the advisor can align how both professions work to make the person’s life better, the advisor’s status should rise as a result."

https://www.thinkadvisor.com/2019/08/06/doctors-and-advisors-more-similar-than-you-think/

Yet the public has two very different views of these professions.

04/06/2022

I'm leaving the business...

A lot of clients will hear this from their advisor (if they even have one) during their critical years of retirement.

The average age of an advisor in the industry is 57. In the next decade there will be a huge exodus of advisors, resulting in many clients losing the relationship they've cultivated for years when they need it most.

With that said, there are advantages of working with a Younger Financial Advisor:

✔ We will be thoughtful and fully engaged in your situation when you're in the most important phase(s) of your life.

✔ As technology and life innovates and advances, we will adapt and adopt the most efficient processes and strategies.

✔ We will be hungry, passionate, and growing at a perfect intersection of when you're looking to settle down in life.

✔ We will be the bridge to pass your wealth efficiently to your children, creating multi-generational wealth - a Family Legacy.

✔ And for younger clients just starting families and beginning their financial journey, we can relate to you, as we're navigating the same path as well.

Experience is valuable, but young advisors who have made it 3 years in the business in today's industry, there is a lot to say about that. If something is ever above our competency, we have resources to get the answers from experienced team members and specialists.

Ultimately, being a guide to help you through each stage of your life is what I strive to be for my clients.

My thoughts now are why would I ever retire? I have the privilege of impacting clients' lives for the better, creating my own channel of prosperity and legacy along the way.

If you've been thinking of engaging someone, let's chat and see if there is any opportunity to build a relationship for the long term.

03/18/2022

Financial Planners = Personal Trainers

Hear me out...

Financial Planning and Personal Training are two professions most people believe they can DIY at some point.

In today's day and age, there is practically unlimited information on the internet about how to improve your personal fitness, and financial potential.

However, some people just don't know where to start, what path to follow, or know what the "right" information is for their situation.

Some people really just want to have someone that can help guide them there and can put together a plan for their specific needs. That's when you choose to work with a Personal Trainer.

Not everyone has the same goals or objectives they're trying to accomplish. And there is no one-size fits all workout plan.

Our job is to help create that workout plan, but that's the easy part.

The real value is in holding our clients accountable and keeping them disciplined to make sure they're constantly in the "gym" and looking to improve themselves, not just today, but well into the future.

Some people do have the discipline to do these things on their own consistently.

But the best part about being a Personal Financial Trainer Planner is working with people who want to better themselves and know they can achieve more, they just need a little help getting there faster and in the best way possible.

If you're looking to workout your financial muscles, I hope to have the opportunity to chat with you and see how we can help you achieve your best self.

03/09/2022

The biggest factor is TIME and CONSISTENCY. It's never too late to start.

*Note: this is not intended as financial advice, but rather educational information*