Principal & Co-Founder
Principal & Co-Founder
I co-founded Baldwin & Clarke with my partner Jack Clarke in 1971, when our offices where in Boston MA. We came together because I was helping business owners with estate and life insurance planning while Jack was helping his with income tax planning through pension plans and life insurance. We realized that our clients would benefit from our combined capabilities. That was the genesis of the multi-disciplinary approach that is our firm’s hallmark to this day. We relocated to Bedford, NH in 1976.
I have had the honor and privilege of working with many family businesses and business families over the years, working with second and even third generation family members in many cases. It is my continuing passion.
In 1983, Gov. Sununu and the Governor’s Council appointed me as Chairman of the Board of The New Hampshire Retirement System, where I continued to serve until 1996. During my tenure, we instituted an institutional investment process that led to a number one performance ranking by Bloomberg for public pension funds with assets in excess of $1 million. That process became the foundation of our firm’s investment advisory practice.
I have served on the Management Council of the Million Dollar Round Table, an international organization of top financial service professionals. I served on the Board of the Manchester Country Club for six years, four of which as Finance Committee Chair and two as President. I have served on the Board of Trustees and/or Directors of the Crotched Mountain Foundation for more than 30 years, having chaired its Finance, Audit and Investment Committees.
I have lived in Nottingham, NH since 1971, and enjoy life in the country. I have one child, a wonderful son who is an entrepreneur in his own right, an equally wonderful daughter-in-law and two lovely and talented granddaughters.
My hobbies are writing, reading, fly fishing and golf.
I work with entrepreneurs and families is to help them create, preserve, and transfer wealth through investment, legacy and business exit planning.
My investment planning is driven by the belief that tax efficient, risk managed portfolio strategies will best create and preserve client wealth over the long term. I believe that the best measure of a portfolio’s performance is: Does it meet the client’s intended purpose, e.g., a comfortable retirement?
It’s a given that estate tax reduction, or elimination, is a hallmark of an effective legacy plan. Our plans have saved hundreds of $millions in taxes for client families. But my approach to Legacy planning also reflects a conviction that a family’s legacy involves more than its assets and that financial wealth transfer should reflect an accountability for, a responsibility to, and the stewardship of, the family’s wealth. The objective is to advance and empower future generations rather than impact them negatively.
My efforts in business exit planning are rooted in the experience of seeing business owners, for want of a solid succession plan, fail to realize fair value when they sell, or die before monetizing their businesses, Wealth management in this context is about growing and preserving the businesses transferrable value, enabling a business owner to transfer the business to whom she or he wants, when she or he wants for what she or he wants.
Life Insurance Planning
My approach to life insurance is that it is problem solving tool—unlike any other—to be employed only when it is needed, or can enhance the effectiveness of other business or legacy planning strategies. My role is to bring clarity to the client, and his or her advisors, regarding its importance in that client’s particular planning situation; then to find the right product from the right company for that circumstance.
Long misunderstood, and more so today with a host of new ever more complex variations, expert guidance is more important than ever in understanding life insurance.