Page 16 - BusinessWest April 28, 2021

Above and beyond
Forbes honors James Foard, Jr.
and Anthony Montemagni
as 2021 Best-In-State Wealth Advisors for Massachusetts
There are few things more valuable than a trusted relationship with a financial advisor who empowers you to pursue what matters most with confidence.
Certainly, that is how the clients of James Foard, Jr. and Anthony Montemagni feel. Their UBS Financial Advisors are known for going above and beyond for every client, every day, marshaling the global resources of one of the largest financial firms in the world to help them plan for their life’s goals.
It is this commitment to excellence that Forbes recognizes with this recent honor. Join us in our congratulations.
We encourage you to reach out to discuss what matters most in your life.
James Foard, Jr.
Senior Vice President–Wealth Management 413-785-4938
[email protected]
Anthony Montemagni, CFP®
Senior Vice President–Wealth Management Senior Retirement Plan Consultant
Senior Portfolio Manager
Wealth Advisor
413-731-2314 [email protected]
The Keady Foard Montemagni Wealth Management Group UBS Financial Services Inc. One Monarch Place, Suite 1400 Springfield, MA 01144 [email protected]
ubs.com/team/kfm
Forbes Best-In-State Wealth Advisors list is comprised of approximately 5,200 financial advisors. It was developed by SHOOK Research and is based on in-person and telephone due diligence meetings to measure factors such as quality of practice, industry experience, compliance record, assets under management (which vary from state to state) and revenue. Neither UBS Financial Services Inc. nor its employees pay a fee in exchange for these ratings. Past performance is not an indication of future results. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC and not indicative of future performance or representative of any one client’s experience. As a firm providing wealth management services to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SEC-registered investment adviser and brokerage services in its capacity as an SEC- registered broker-dealer. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that clients understand the ways in which we conduct business, that they carefully read the agreements and disclosures that we provide to them about the products or services we offer. For more information, please review the PDF document at ubs.com/relationshipsummary. Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP® and Certified finanCial PlannerTM in the US. © UBS 2021. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/ SIPC. ACC_03122021-6 IS2101037 Exp.: 03/31/2022
The former Willys-Overland building is now accepting lease applications, one of the first signs of redevelopment in Springfield’s so-called ‘blast zone.’
Springfield
Continued from page 13
He said they’re all important, but perhaps the most critical is the
office traffic, which consistently filled the restaurant at lunch and often the bar area after 5 o’clock. These days, the office crowd is a fraction of what it was, and the impact is profound.
“We saw a few of the old faces back in here today, and it was exciting — you’re seeing some of the regular faces back,” he said, referring to some commercial lenders once based downtown. “But we used to see them three or four times a week and sometimes twice a day; now, you see them once, and you hope to see them again next week — maybe.
“It’s going to be a while before things go back to where they were before,” he went on. “I was hoping that by summer things would be back to normal, but now it doesn’t look like it.”
Given this obvious trickle-down effect, the question of when, and to what extent, the office workers return to downtown looms large over the city and those in the Economic Development office.
Indeed, Sheehan, citing a story he read recently involving Citibank and its announced intention to downsize its office footprint in New York by roughly 40%, said it is becoming obvious that the pandemic
“We saw a few of the old faces back in here today, and it was exciting — you’re seeing some of the regular faces back. But we used to see them three or four times a week and sometimes twice a day; now, you see them once, and you hope to see them again next week — maybe.”
will change the way businesses approach their real-estate needs mov- ing forward, leading to endless speculation about the office market and the businesses that rely on it.
As for the present tense, the situation has improved — but only marginally.
“People are starting to come back to downtown to work, but it’s not fully engaged, and I don’t think it’s going to be until sometime late fall,” Sheehan said. “And I don’t think we’re really going to get back to 100% until the turn of the calendar to 2022. And that obviously has a ripple effect on all the businesses that depend on that population coming in every day, so that’s an ongoing concern for the city.”
This brings him back to that language in the guidance concerning the American Rescue Plan, which, he said, could and likely will extend to efforts to help keep existing businesses downtown and bring new ones there.
“Our objective, in terms of deployment of resources, is to keep as many leases in place and tenants in place as possible, and maintain, to
16 APRIL 28, 2021
COMMUNITY SPOTLIGHT
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BusinessWest