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May 14, 2018 Edition
Focus on Wealth Management

Millenials and money: Financial planners reach out to new generation of investors

Renee Cordes

While most millennials are still in the phase of creating wealth, their aggregated global net worth is projected to more than double between 2015 and 2020 up to an estimated $24 trillion, according to a Deloitte report. It's just one reason wealth managers are starting to focus on millennials. Another? More than two-thirds of wealth managers' clients today are over age 60.

Today's Poll

Will Maine be hurt by not offering free tuition at community colleges?
Poll Description

This year's high school graduates will be the last to benefit from a program that offers free tuition within the Maine Community College System. 

The Free College Scholarship, launched in 2022, covered all tuition and mandatory fees for students who graduated from high school or passed an equivalency exam between 2020 and 2025. Nearly 18,000 students took advantage of the program. 

But last week, state lawmakers declined to continue the funding and it was not part of the budget signed by Gov. Janet Mills.

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