As retirement approaches, the focus shifts from maximizing growth to sustaining a lifestyle — often for decades — while managing both market volatility and inflation risk.
Similar to rock stars taking breaks from touring and college graduates spending a “gap year” to travel or volunteer, a growing number of business and nonprofit leaders are giving themselves time-outs of a year or more to reset.
Maine's wealth management industry saw a number of transitions over the past two years, with an emphasis on client service in an increasingly complex field and strategies that include low client-to-advisor ratios and hiring from industries outside financial services.