Berkshire Money Management Welcomes New Executive Director

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PITTSFIELD, Mass. — Berkshire Money Management, a locally based investment advisory firm, announces that Pittsfield native Peter Coughlin has been hired as the company's executive director.

Coughlin joined the BMM team in December. He will be focusing on new business development, portfolio management, and client education and communication.

Coughlin brings 30 years of experience, including more than two decades at USB Wealth Management and several years at Wells Fargo Advisors. He works with a wide variety of clients, including corporate executives, retirees, and families. His goal with each client is simple.

"I help those that need guidance and advice," he said. "Those that need a plan and to be put on the right path."



Berkshire Money Management President Allen Harris described Coughlin as a valuable asset to the team of seasoned advisors.

"The greatest assets a business can have are smart stakeholders who highly rate the service and value delivered to its clients," Harris said. "As Berkshire Money Management continues to help new clients manage their retirement experience, Peter will be a valuable resource in allowing clients to feel comfortable in getting to, and through, retirement."

In addition to his decades of investment experience, Coughlin and his family have deep roots locally. He lives in Pittsfield with his wife Sheila, a dental hygienist with Dr. Paul Gamache. Together they have raised four children — two daughters and twin sons -- and are proud grandparents.

 


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Dalton Finance Makes Reserve Fund Transfers

By Sabrina DammsiBerkshires Staff
DALTON, Mass. — The Finance Committee made two reserve fund transfers last Wednesday night. 
 
The reserve fund balance is currently $60,000. This is the first reserve fund transfer the town has made this fiscal year, committee clerk Karen Schmidt said. 
 
A transfer to the vocational education tuition account for $16,000 was approved. The original appropriation was $605,020 and the present balance is $4,527. 
 
It had been previously demonstrated that setting the budget for this account can be challenging due to the uncertainty about how many students will choose to attend vocational education programs.
 
The vocational education account was reduced by $90,000 during a September special town meeting; however, a spot opened up at a vocational program, so a student decided to transfer after the start of the second quarter. 
 
A transfer for the employee fringe benefits account was approved for $10,000. The original appropriation was $64,180. 
 
The present balance is $4,412.77 and is not sufficient to cover the vacation payouts and sick buy backs of the six employees who left this year. 
 
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