"Focus: Wealth Management" piece on the financial challenges that baby boomers -- about 30% of Maine's population -- are facing as they head towards retirement and the opportunities the situation has created for wealth managers. Bangor Savings Bank has piloted a fee-only financial planning service. HeadInvest has responded to the baby boomers' financial losses during the recession by expanding their advising services. H.M. Payson & Co. educates its clients, providing investment advice and showing clients the economic impacts of their decisions.
Baby boom generation, Wealth management
McCarthy, James, "Retirement Uncertainties." (2013). Maine News Index – MaineBiz. 5886.