Berkshire Money Managemen Adviser Gains Designations

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DALTON, Mass. — Zack Marcotte, a financial adviser on the Berkshire Money Management team, has been awarded the Accredited Investment Fiduciary designation as well as the Accredited Wealth Management Advisor designation. 

The AIF designation signifies specialized knowledge of fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care. It is the culmination of a rigorous training program. On an ongoing basis, completion of continuing education and adherence to the Code of Ethics and Conduct Standards are required to maintain the AIF designation. 

The AWMA designation requires completing a course of study encompassing wealth strategies, equity-based compensation plans, tax reduction alternatives, and asset protection alternatives and culminates with a complex exam that encompasses "real life" situations. Designees must renew their designation every two years by completing 16 hours of continuing education.

"The financial world isn't getting any easier for families to navigate," Berkshire Money Management founder and CEO Allen Harris said. "Once upon a time, financial advisors just picked investments and called you once per quarter. People like Zack know that’s old school. Today we find that investors, especially those with more assets, need a suite of services."

A native of the Berkshires,Marcotte began working at BMM while he was still in high school. Over the next decade, he was an integral part of building the firm (literally) from the ground up. He attended MCLA while still working with the seasoned team at BMM and earned his bachelor of business administration. He now serves as a financial adviser specializing in retirement planning.

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Pittsfield Sees Potential in Becoming Internet Provider

By Brittany PolitoiBerkshires Staff
PITTSFIELD, Mass. — The administration believes that Pittsfield becoming an internet service provider would be beneficial to the city in a number of ways. A completed study finds its feasible but estimates a cost of $63 million to become internet independent.
Though Pittsfield is not traditionally underserved by corporate internet providers, it is at the mercy of large service providers who may or may not choose to invest in further internet infrastructure.
"Continued lack of investment on infrastructure will eventually leave Pittsfield at a competitive disadvantage," Chief Information Officer Michael Steben said in presenting the study to the City Council on Tuesday. "Eventually resulting in damaged local economy."
Mayor Linda Tyer and Steben believe that broadband internet access is an essential utility and that fast, reliable, and affordable access to internet is important for all facets of life in Pittsfield. This includes running businesses, education, and recreation.
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