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February 16, 2024

Employee-owned Allen Insurance names next director of investment management

Allen Insurance and Financial, Maine’s largest employee-owned independent insurance and financial services agency, has named Abraham Dugal as director of investment management.

Dugal has been a financial advisor at Allen since 2015. In his new role, Dugal will manage the investment portfolio oversight process, collaborate with the company's advisors for client investment decisions, and lead the retirement plan practice.

“Abe is well-suited to take on this leadership role in our financial division as we seek additional growth in this area of the services we provide to our clients,” said Michael Pierce, financial advisor and president at Allen Insurance.

Courtesy / Allen Insurance
Abraham Dugal

Prior to joining the firm, Dugal worked in the financial services industry in the Boston area for almost 10 years. He returned home to midcoast Maine in 2015. 

He was the director of U.S. investment operations for Cambridge Associates, overseeing a department of 45 staff members in four offices. He was also at Fidelity Investments.

Dugal is a graduate of Babson College in Wellesley, Mass., where he majored in business management with a concentration in finance. He also holds FINRA Series 66 and seven securities licenses and maintains the certified financial planner designation. 

Outside of work, he is very active in the community; he serves as treasurer of the board of directors for Five Town Little League, is a founding member of the Rotary Club of West Bay Satellite, serves on the finance committee for Midcoast Habitat for Humanity and coaches youth sports locally.

Allen Insurance and Financial was founded in 1866, and has offices in Rockland, Camden, Belfast, Southwest Harbor and Waterville. 

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