PITTSFIELD - An investment expert with Legacy Portfolio Management, a division of Legacy Banks, has attained the designation of certified trust and financial adviser.
Michael A. Fazio, senior vice president, earned the credential by successfully completing the CTFA examination administered by the Institute of Certified Bankers. Established in 1990, the CTFA designation distinguishes individuals who demonstrate excellence, experience and education in the wealth management industry.
In addition to completing the exam, those seeking CTFA status must show both experience and strength in fiduciary and trust activities, financial planning, tax and law planning, investment management, and ethics. Legacy Banks President and Chief Operating Officer Michael Christopher congratulated Fazio on his accomplishment saying, "This designation is a testament to Mike’s successful career here at LPM serving the varied investment management needs of clients for the past decade. Mike’s newest certification will serve both him and us well as we work with current and future clients on their full range of financial needs."
Unlike most financial designations, CTFA focuses on the fiduciary obligation to the beneficiary.
Fazio joined Legacy in 1998 and continues to serve as an investment manager. Previously a senior seminar speaker for the Ayco Co., he conducted executive-level benefits seminars for Fortune 500 companies. Prior to that, he served as a financial consultant with Merrill Lynch from 1991-1996.
Earning a master of business administration and bachelor of arts from the University at Albany, Fazio is also a certified financial planner. He resides in Averill Park, N.Y., with his wife and two children.
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Former Harry's Supermarket Under Construction for Restaurant
Late last month, the Conservation Commission greenlit some tree pruning on the property. New windows and a new door can be seen in the front of the building.
"It's a substantial renovation that's currently underway here," Brent White of White Engineering said, speaking on behalf of the applicant and owner, Huajie Zhu.
A fire gutted the longtime Wahconah Street supermarket in 2023, and the following year, Zhu purchased the property for $460,000 two years ago to build a restaurant with hibachi in the existing footprint of the more than 100-year-old building.
White explained that the project has been ongoing for over a year, and the Community Development Board granted the property a waiver to reduce the minimum required number of parking spaces so that additional spaces aren't needed.
He noted that, looking at the site plan, there is very little room to do so. A mirror will be installed near the sharp turn on Bel Air Avenue to alleviate traffic concerns.
Pruning will be done on trees in the southeast corner of the existing paved parking lot, as a number of branches are hanging over. The new owners also intend to patch, sealcoat, and re-stripe the parking lot.
A fire tore through the building less than an hour after the supermarket closed for the day three years ago. An automatic sprinkler system is required for the new use.
Late last month, the Conservation Commission greenlit some tree pruning on the property. New windows and a new door can be seen in the front of the building.
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