Since August of 1996, Dave Porter has been the owner and Managing Partner of Baystate Financial, one of Massachusetts' oldest and largest full services financial firms. Dave began in the insurance business in Philadelphia, PA in 1983. He moved to Washington, D.C. in 1992 and on to Boston in 1996. In 1996, Dave became Managing Partner of Baystate Financial with 49 advisors and $1,000,000.00 of commission/fee production. Only 4 of 49 advisors remained after three years. In 2015, Baystate had 300 advisors pay for $116,000,000.00 of commission/fee production and has grown from one office in Boston to twelve major offices in five states. Under Dave's direction, Baystate Financial has been recognized as one of Boston's top places to work in both The Boston Globe and the Boston Business Journal. He has been an International Speaker on building Financial Services Organizations and the convergence of Banks, CPAs, Insurance, and Investment Groups. Dave's book, "Where Winners Live", about accountability in the financial services industry, debuted in 2013 and has sold over 45,000 copies.
Dave's philosophy of a "people first" strategy exemplifies doing well by doing good. He is extremely active in the Boston community. He established the Baystate Financial Charitable Foundation in 1999 with the intent of raising money to help support local area charities. He coordinates an Annual Holiday Toy Drive to benefit children in the Department of Children & Families in Mass/RI areas, which has supplied gifts to over 10,000 foster children over the years. In 2004, he was one of the founding member of Friends of the Children - Boston, a non-profit that hires mentors to work with the city's most at-risk youth. Dave was recently recognized as one of three 'Most Admired CEO's' by the Boston Business Journal.
Dave is the Chairman of the Board of Zoo New England. His other board memberships include Elon University in North Carolina, the Citi Performing Arts Center, WPO New England, and the Boston Police Athletic League. Dave and his wife Jen are the parents of five children, ranging in age from 19-29. In addition to spending time with his family, he enjoys golf, skiing, and is a huge Bruce Springsteen fan.
Area(s) of Focus
- Business Owners
- Insurance Strategies
- Investment Strategies