The Dowd Agencies restructures its financial services division
HOLYOKE, Mass. – The Dowd Agencies, LLC, a leading insurance provider serving New England for over 120 years, has restructured its financial services division to provide more focused services to its clients. The former Dowd Financial Services has been divided into two divisions: Dowd Wealth Management and Dowd Employee Benefits.
“We are very excited about this restructuring. Separating these divisions allows us to more expediently meet the needs of our customers,” said John E. Dowd Jr., president and CEO of The Dowd Agencies. “In addition, our offerings have expanded. As a full-service financial and insurance agency, we are able to now provide our customers with a more diverse and broad range of needed services.”
Dowd Wealth Management will replace the financial arm of Dowd Financial Services, offering financial consultation relative to retirement planning and investments. Dowd Employee Benefits will center around both group and individual health, dental, life and an assortment of ancillary products. Both divisions will serve individuals and businesses.
“With such a large client base, this became a necessary split,” explained Jon Lumbra, chief financial officer. “This business decision is a testament to both our company’s growth and our commitment to offering professional and personalized service. We want both our commercial and personal clients to know we can serve them in a broader capacity, and this expansion is the perfect way to announce it.”
Dowd Wealth Management and Dowd Employee Benefits are headquartered at The Dowd Agencies’ Holyoke office at 14 Bobala Drive. Spanning five generations, Dowd is the oldest insurance agency in Massachusetts under continuous family ownership. For more information, visit dowd.com.
About The Dowd Agencies
A full-service agency, The Dowd Agencies, including Dowd Employee Benefits and Dowd Wealth Management, has been helping people and businesses in western Massachusetts with their personal insurance, commercial insurance, employee benefits and financial needs for over 120 years. Established in Holyoke in 1898 by James J. Dowd, The Dowd Agencies is the oldest insurance agency in Massachusetts with operations and management under continuous family ownership. Today the fifth generation of Dowd provides counsel and coverage from six locations in western Massachusetts. For more information, please visit dowd.com.