John Sbrogna, Derek Happy, Maura Laudone & James McLaughlin

CONNECT

Address:

One West Boylston Street, Suite 101
Worcester, MA 01605

Phone:

508-890-6230

Fax/Other:

508-793-1870

Derek P. Happy

Financial Planner

Phone: (508) 890-6221 
E-mail: dhappy@baystatefinancial.com

 

As a financial advisor, Derek Happy's mission is to assist individuals, families and business owners in defining their financial goals and achieving financial freedom. He is highly trained and licensed to provide financial solutions to his clients and prospects. His goal is to become a lifelong resource to his clients, and he is dedicated to assisting them through the various stages of their financial lives. At Baystate Financial, Derek is able to utilize the team approach and draw upon the wealth of knowledge of his associates to create custom designed financial strategies for his clients.

Our goal is to help you make informed decisions about issues that affect your financial well-being so you can achieve financial freedom.

We hope you find this site informative and useful. Feel free to contact us if you would like more information.

 

Leominster Credit Union

Baystate Financial and Leominster Credit Union have formed a strategic alliance that allows Derek Happy to provide financial products and services to LCU members.

The Leominster Credit Union's Main Office is located at
20 Adams Street
Leominster MA 01453
 
 

Financial Solutions for Every Stage of Your Life

 

We will work with you to design your personalized financial plan and to monitor your progress on an ongoing basis.  We collaborate, as desired, with family members, business partners and other financial professionals to ensure that all pieces come together in the most effective manner.  We work with you to implement your financial plan, recommending various strategies and a broad array of financial products for your consideration.

Planning Services

  • Financial Planning
  • Wealth Management
  • Retirement Income Planning
  • Estate Planning Strategies
  • Charitable Giving Strategies
  • Protection Planning (through life and disability income insurance)
  • Legacy Planning

Investment Services

We begin by getting a clear understanding of your overall financial goals and your goals for each investment account.  We discuss your investment preferences and concerns, your attitudes toward risk and your time frame for the assets in each account.  To implement your various investment strategies, we'll work with you to build appropriately diversified portfolios, with access to the following:

  • Individual Stocks and Bonds
  • Fee-based Managed Accounts
  • Mutual Funds and ETFs
  • Fee Based Financial Planning Services
  • IRAs, Roth IRAs
  • 529 Plans
  • Fixed and Variable Annuities
  • Alternative Investments: various REIT & Energy offerings

Insurance Services

We discuss with you your general attitudes toward risk, underline various risks and review the numerous options to manage and / or mitigate these forms of risk.  We will perform a full policy and beneficiary review, as well as the review of trusts that may own certain policies.  We can offer access to the following solutions:

  • Life Insurance
  • Disability Income Insurance
  • Long-Term Care Insurance
  • Business Income Continuation, Succession and Estate Planning strategies

Employee Benefits

We provide a consultative review of all your employee benefits, looking to ensure that any benefits offered are fulfilling their intended purpose and are the most cost-effective available.  We can propose solutions in the following areas:

  • 401(k) Plans: Safe-Harbor, Cross-Tested and New Comparability Designs
  • 403(b) Plans
  • Profit Sharing Plans
  • SEP IRAs
  • SIMPLE Plans
  • Executive Deferred Compensation Plans
  • Cash Balance Plans:  integrated design with Defined Contribution Plans
  • Group Insurance
  • Health and Dental Care
  • Life Insurance
  • Short Term and Long Term Disability Income coverage
  • Long Term Care insurance

College Savings Plans

One financial goal that most parents share is a college education for their children. With college costs increasing at a faster rate than general inflation, saving for college can be a daunting task. You can, however, pursue this important financial goal by establishing a college fund and taking action today.

  • 529 Savings Plan
  • Coverdell Education Savings Account
  • Tax-Deferred Plans  

Why Baystate Financial?

Preparing for that next step in life isn't always easy. The road to financial stability can seem complicated, time consuming, and difficult—perhaps even a bit overwhelming. Life is full of so many responsibilities and priorities that it can be hard to find time to start or even to know where to begin.

Whether you are preparing for a milestone life event, such as retirement or the sale of a business, or simply looking for financial protection for the future, our financial partners at Baystate Financial promise to offer you a new level of attention, insight, and guidance.

We offer a straightforward approach to building financial strategies focused around you, your schedule, your circumstances, and your objectives. We take the time to understand your needs, explain different options to you and earn your trust before offering possible solutions.

By working with Derek Happy at Baystate Financial, you can take meaningful, manageable steps toward developing an integrated strategy to help achieve a secure financial future. Since your financial situation is bound to change, we work with you over time to monitor your progress and help ensure you are on track to achieving your goals.

 

Financial planning services are offered only through approved Financial Planners of MML Investors Services, LLC.

Financial plan recommendations can be implemented with the advisor of your choosing. Implementation of specific products or services may result in commissions or fees outside of the financial plan fee. Periodic reviews of your financial plan may require a new planning agreement and result in additional fees.

Neither MML Investors Services, LLC/Baystate Financial/Leominster Credit Union/ nor any of their affiliates, employees or representatives provide specific tax or legal advice. Please consult your tax advisor or attorney for such guidance. Each firm is solely responsible for their products and services and Leominster Credit Union is not affiliated with MML Investors Services, LLC. The investment products sold through MML Investors Services, LLC/Baystate Financial are not guaranteed by Leominster Credit Union, may lose value and are not insured by the NCUA. These products are not obligations of Leominster Credit Union and are not endorsed nor guaranteed by Leom.ooinster Credit Union.

Securities offered through MML Investors Services, LLC. Members SIPC. Investment advisory services are offered through MML Investors Services, LLC and/or Baystate Wealth Management LLC, each a registered investment adviser. Baystate Financial and Baystate Wealth Management LLC are not subsidiaries or affiliates of MML Investors Services, LLC, or its affiliated companies. 200 Clarendon Street, 19th & 25th Floors. Boston, MA 02116. 617-585-4500.

Securities products and services offered are:

  • Not FDIC/NCUSIF Insured
  • Not insured by the NCUA
  • Not a bank deposit, bank obligation or guaranteed by the bank
  • Subject to investment risk, including potential principal loss
  • Not a Condition of Any Bank Service
  • Not a Deposit Product
  • No Bank/Credit Union/Affiliate Guarantee
  • No Guarantee of Insurance Underwriter Performance
  • May Lose Value
  • The bank cannot condition an extension of credit on the purchase of an annuity or insurance product from the bank itself or one of its affiliates. Leominster Credit Union is not a subsidiary or an affiliate of MML Investors Services, LLC or its affiliated companies.
Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck