Financial institutions like Maine Financial Group in Scarborough and Machias Savings Bank have been instrumental in making growth possible for companies like J.D. Raymond Transport, which requires a lot of equipment to buy expensive loaders, excavators, grinders, trucks, trailers, bulldozers, harvesters, limbers and skidders.
Presque Isle-based Thompson-Hamel expanded its footprint with a bigger office in Bangor this past October. The firm now serves more than 7,000 financial clients in 25 states, managing around $265 million in investment assets.
The number of registered investment advisers in the U.S. increased again in 2016, and their assets under management increased at an even higher rate. That trend is mirrored in Maine.
