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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

Did the recent Small Business Saturday help your business?
Poll Description

Sponsored by Kennebunk Savings Bank

Small Business Saturday, the annual tradition that encourages shoppers to support local, independent retailers and entrepreneurs, marked its 16th rendition on Nov. 29, with events held across the nation.

Founded by American Express in 2010, the yearly event has become an essential part of the holiday shopping season. The Small Business Administration became the official co-sponsor in 2011. 

Last year, shoppers turned out in full force to support their local communities, generating an estimated $22 billion in spending at small retailers and restaurants.

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