Richard Westerberg, Vice President of Investments with Northeast Securities, has over 22 years of experience as a financial consultant, helping clients plan for their future and ensure that their long-term goals and objectives are met. Working with both individuals investors and corporate clients, he helps clients develop and implement strategies uniquely tailored to their particular needs. Thus allowing a comprehensive plan to be put in place and monitored on an ongoing basis.

He received a BS in Economics from the University at Albany and has received advanced training in pension and retirement planning from the College for Financial Planning. This advanced training has furthered his expertise as a retirement planning specialist and allowed him to earn the designation of " Chartered Retirement Planning Counselor". He is also a Registered Investment Advisor and holds the series 7, 24, 63 and 65 securities licenses and is licensed to provide insurance services to clients. He is also a member of the Oppenheimer Funds President's Counsel. 

Rich is married with two children and volunteers his time with a number of church and community related groups and activities.

Individual Planning Services

Our services cover all areas of financial management, from investment and retirement planning, to insurance risk management and estate conservation. We specialize in helping our clients develop a comprehensive, cohesive financial plan that fits their unique needs and enables them to meet both short - and long-term objectives. Many people, believe that their financial well-being is linked solely to their ability to earn a high income. True financial independence, however, has much more to do with understanding and taking advantage of the finances you have. It's more about setting financial goals and learning to use financial strategies that will help you meet your objectives. The process involves the following steps:

(1) gathering information and analyzing your financial situation to develop a clear picture of your specific needs, and to identify your financial goals; (2) determining if you are on track to me those goals; (3) accessing how much risk you may need to take, and are comfortable with, to achieve your goals; (4) designing a financial plan that utilizes asset allocation strategies and takes into consideration your risk tolerance; and (5) monitoring your progress and periodically reviewing your plan, consulting with you to make appropriate adjustments, and assisting you in keeping your plan on track.

Corporate Services available

A wide array of services are provided to small business owners, pension plans, non-profit organizations, and corporations. Offering a comprehensive employee benefits package on a cost effective basis is crucial in recruiting and retaining qualified employees, without being a financial burden to the organization.

Pension Plan Reviews and Evaluations- To maximize the effectiveness of an existing retirement program, each aspect of the plan must meet expectations and contribute to the smooth operation of the plan. A comprehensive plan review includes the thorough evaluation of the following aspects: investment selection and monitoring, fund performance and flexibility, plan fees and expenses, ease of administration, erisa compliance, minimizing fiduciary liability, and employee education.

New Plan Design and Installation- We work closely with business owners and corporate executives in designing pension plans that are customized to meet their needs. Plans include Profit Sharing, "Safe Harbor", New Compatibility and Standard 401(k)s, Defined Benefit Plans, Esops, Sep and Simple Plans.

Employee Benefit Programs- New plans can be designed and existing programs are evaluated for their adequacy and cost effectiveness in the area of health, dental, life and disability insurance.