Richard (Dick) Baker
Dick founded Income Works in 2004 and has 30 years of experience in the financial services industry helping clients attain their income goals. His specialty is covered call writing, which is an active strategy utilizing the equity markets to provide continuous income while managing risk. Income Works has been affiliated with Commonwealth Financial Network®, its broker/dealer, since 2006, and Dick is a two-time member of the firm's Winners Circle and one-time member of the Summit Club.
Dick considers himself a financial educator, helping clients determine their income requirements and then adjusting portfolio management tactics to meet those needs. A Sears Roebuck supervisor in his younger days, Dick first learned the strategy helping Sears’ retirees collect additional income on top of their dividends, without having to sell their shares at a less than desirable price. He then used other stocks in the strategy and refined the process in 2004 with the advent of Income Works and the creation of the "Baker’s Dozen."
He is also well known in Western Massachusetts for his hobby as a five-time award-winning sportswriter, having covered professional hockey and collegiate athletics for 35 years. Born and raised in Springfield, Massachusetts, Dick graduated from Emerson College in Boston where he later served as a member of the Alumni Board for three years. In August 2013, he was chosen to serve as a delegate for Emerson president Lee Pelton at the inauguration of Springfield College president Mary-Beth Cooper.
Having enjoyed a long-term relationship with Western New England University of Springfield, he has provided internship opportunities to finance and accounting students throughout his career, and is frequently asked to serve as a guest speaker for the school’s Accounting and Finance Club.
Dick lives in Longmeadow with his wife, Terese. The couple has three children: Michael, Joseph, and Laura.
Richard Baker is proud to have been recognized as a Business Experience advisor for 2016—a distinction based on annual production that places him among the top 49 percent of advisors affiliated with Commonwealth Financial Network.
Each year, Commonwealth, the RIA-broker/dealer that helps us process investment transactions on your behalf, recognizes Business Experience advisors by inviting them to an exclusive gathering of their peers, leading industry experts, and Commonwealth home office staff. Business Experience advisors benefit from an intensive learning and networking experience designed to help them hone their expertise, share best practices, and provide ever-higher levels of service, education, and leadership to their clients.
Vice President of Operations & Marketing Manager
Karisa joined Income Works in January 2012 as an intern and committed to joining full-time as financial advising assistant and social media coordinator in September. She has since been promoted to vice president of operations and client communication manager. Karisa also heads up marketing and events for Income Works.
Karisa is a graduate of Western New England University where she earned a BS in business administration with an emphasis in finance. She enjoys spending time with family and friends, as well as hiking and exercising.
Deb joined Income Works in February 2014 as a part-time financial advising assistant. She is responsible for providing administrative and technological support to Dick. Deb oversees routine office management.
Deb graduated from Westfield State College with a BA in psychology. She works full-time in Enfield, Connecticut, as a residential rehab counselor.
Deb spends her free time with family and friends. She enjoys spending time at the beach, reading, and doing crafts.