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Cabot Wealth Management is a responsible partner, neighbor and citizen. We believe in the power of communities and the individuals who live in them. Through strategic and charitable partnerships, we are able to enrich the communities we serve by investing in our youth and supporting those in need. Cabot is an active supporter of the Salem Public School system, civic organizations and other community non-profits.
Children who attend the various YMCAs around the North Shore will be receiving free books to help them become more “financially fit”.
Rob Lutts, president and CIO of Cabot recently met with Chris Lovasco, President and CEO of the North Shore YMCA to deliver over 200 books to the “Y”. Starting with the younger children, Cabot donated The Berenstain Bears’ books titled: The Trouble with Money and Dollar$ and $en$e. In these classic Berenstain Bears’ books, Mama and Papa Bear help teach Brother and Sister how to budget their money and understand the value of a dollar. The kids at the Salem YMCA were thrilled to receive their very own books to take home. These same books will be given out at the YMCAs in Gloucester, Marblehead, Beverly, Haverhill, Ipswich, and Plastow, NH. Cabot will also be donating books for the older children as well. You can see the list of books on our website at: eCabot.com.
The YMCA (www.northshoreymca.org) provides a safe and nurturing place where children can learn, explore and discover their interests. Now the children can also learn about money! Here at Cabot we are making it our mission to improve financial literacy. Teaching kids to save their money is a valuable first step toward learning how to manage their money as adults. It’s also important to teach them at a young age about investing and how money can grow over time. The books we donate touch on a variety of financial topics, lessons, and values that provide children and young adults the know-how to make wise financial choices.
Rob Lutts, President and CIO of Cabot Wealth Management (left), and Chris Lovasco, President and CEO of the North Shore YMCA (right) kneel next to some of the children as they receive their free books.
Cabot Wealth Management and other supporters dedicated a Lab at the Bertolon School of Business at Salem State University. The lab is equipped with 12 Bloomberg Terminals, a software platform that is widely recognized as the market standard for financial industries. It will give business students access to data and tools used by investment professionals, allowing the next generation of Salem State students to access the world of finance at their fingertips. Read Full SSU write up here.
Cabot was also featured in the Salem News: "Salem State unveils new finance lab": Read Salem News article here.
Here are some photos from the lab dedication:
Unveiling of the "Cabot Wealth Management Lab" sign:
The Bloomberg Terminals:
Speakers: Rob Lutts (President and CIO of Cabot Wealth Management and Vice Chair for Salem SSU's Board of Trustees) and Joel Surrette (Research Intern at Cabot and SSU student):
Supporters: Cabot Wealth Management, Charles Schwab, St. Jean's Credit Union, North Shore Bank, Eastern Bank, Salem Five with SSU president John D. Keenan (center):
Cabot Wealth Management employees Joel Surrette, Craig Goryl, Sonia Ernst and Tyler Swaim (top left to right) and Jim Gasparello (bottom):