Main Street Financial Advisory LLC

About Us

Main Street Financial Advisory LLC was founded with the idea that everyone deserves and needs financial advice. It’s not just Wall Street, it’s Main Street!

Whether individuals are at the beginning or middle years of their careers, nearing retirement, or retired, needs change over time. We recognize that and develop a customized plan to address the unique goals of each client.

Patrick has been in the financial services industry since 1996. He began his career in banking and mutual fund accounting in Boston, MA where he learned the value of customer service and attention to detail. In 2000 he joined a Boston-based investment advisory firm and specialized in portfolio management, independent stock and bond analysis, and ultimately a role in leadership. He left in 2016 to be closer to home, spend more time with his family, and to focus on the comprehensive aspects of financial advice. In his own words, he likes to get into the weeds so he can truly understand the needs of each client. Patrick lives in West Newbury with his wife Anne and two children.

Our Services

Young families and individuals: Ages 20-40

These clients need to learn cashflow, savings and budgeting strategies. Debt education and management are often priorities. Clients typically need basic investment advice such as 401(k) allocation. They need insurance protection, estate planning direction, and education planning to benefit young children. Often a home purchase is a pressing topic.

Middle stages of careers: Ages 41-55

Budgeting, savings, and tax strategies are typically a focus. Retirement planning is now a priority. Job or career changes are common, creating opportunities to improve investment selection and allocation. Asset protection becomes increasingly important, focusing on changing insurance needs and often updates to estate documents such as wills and trusts. Education planning is also a common theme.

Nearing retirement and retired: Ages 55+

Extensive and ongoing retirement planning. Changes to investment allocation and strategy based on goals and spending needs in retirement. Investment risk evaluation is imperative. Tax-efficient investment strategies are a priority, as are ways to reduce estate tax exposure and pass assets on to the next generation(s). Clients often have questions about when to take social security benefits and what to do with pensions and 401(k) accounts.

Non-profit organizations

These organizations have a unique set of needs. First, board members often need education about what is expected of them and what their personal exposure may be and how to reduce it. There is typically a good amount of investment education as well. We help boards create an investment policy statement which guides the investment advisor on appropriate investments and allocation. This will significantly shift the legal liability away from the board. We meet regularly to keep the board apprised of macroeconomic trends, portfolio performance, investment risk, and the long-term goals of the organization.

Philosophy

Main Street Financial Advisory LLC is a registered investment advisory firm. We are a fiduciary, meaning clients come first.

We don’t sell any products, and our goal is to provide comprehensive financial advice for a fair fee. We don’t charge by the clock, so however much time each client needs, we are there. We consider financial planning our top priority, and don’t provide investment management as a stand-alone service.

The company was founded on the concept of financial planning for everyone. Main Street, not just Wall Street.

In The Community

Meaningful. Passionate. Giving.

From art classes to job placement, day camps and internships, the team at Opportunity Works passionately provides much needed services and care to the region’s individuals with physical and/or developmental disabilities. I was overjoyed when I joined the Board of Directors at Opportunity Works in 2013 and am honored to currently serve as President. The entire team at Opportunity Works displays such care and passion every day. It’s a worthy organization and one that I’m proud to work with.

Giver’s Gain.

Working with like-minded professionals, our networking group believes in a Giver’s Gain mentality. Getting to know, like, and trust one another, we work as a team to provide each other support while our businesses grow in a sustainable fashion. “Giver’s Gain” is a core value of BNI, and the unselfish mentality of each member is quite inspiring to say the least. I now have a network of professional service providers in virtually every industry that I can recommend to friends, family, and clients.

St. John’s Masonic Lodge, Newburyport

Becoming a freemason was a great experience. I quickly became the treasurer which added another level of involvement. I love keeping the books, supporting the lodge, and being a part of the great work we do for the community. Most people don’t know what masons do, but our goal is to impact the surrounding towns in a positive way. We also aim to help on a statewide and national level.

Youth Sports

Over the years I’ve really enjoyed my time as a coach and assistant coach of local youth sports teams. Building relationships with families in the area has been a joy….My favorite part is watching the children achieve new heights, realize team goals, and seeing the unexpected – that’s what has been truly rewarding.

About Us

Main Street Financial Advisory LLC was founded with the idea that everyone deserves and needs financial advice. It’s not just Wall Street, it’s Main Street!