WESTFIELD — As Drenen Financial Services Inc. continues to grow by offering a full complement of financial products for businesses and individuals, it has opened a new location at 72 Mill St., just around the corner from its home office at 89 S. Maple St., which it celebrated Friday with a ribbon-cutting ceremony.
"This is my third ribbon cutting," said Drenen while standing inside the office that will provide space for tax preparers.
His first was in Southwick in 1977 when it opened as a tax preparation service on College Highway.
And in the nearly 50 years since it opened, it has increased the services it offers to businesses and individuals.
Today, it not only offers tax preparation services, but other financial services like strategies for purchasing life insurance, payroll services, tax strategies for the sale of a home, bookkeeping, and tax bunching, to name just a few.
For most folks, tax bunching is probably something they've ever heard of, but Drenen Financial Services is well versed in this "secret weapon," which optimizes deductions and reduces tax liabilities by strategically timing deductions or income to maximize financial benefits or when planning for retirement.
The firm, which employees between 10 and 12 highly trained financial experts, also offers financial products like 401Ks, college 529 plans, a range of non-traded real estate investment trusts, a large selection of mutual funds, Roth and traditional IRAs tailored for each individual, and annuities.
And with the passage of the "big, beautiful bill" by Congress and signed by the president and effect import tariffs might have on businesses, Drenen can help each client map out a strategy.
The firm also has experts who can help high net-worth individuals.
For more information, visit Drenen Financial Services, Inc. , call 413-569-0015 or email office@drenenfs.com.
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