Mainebiz

W W W. M A I N E B I Z . B I Z 19 F E B R UA R Y 2 1 , 2 0 2 2 F O C U S W E A LT H M A N A G E M E N T / R E T I R E M E N T Ben Flood is a managing partner with Bigelow Investment Advisors LLC in Portland. Mainebiz: Are you seeing younger generations looking to invest their wealth in new ways? Ben Flood: I'm hesitant to paint an entire generation with a broad brush because it really comes down to the individual that we are working with, and what their unique goals and pref- erences are. I have a client in his nine- ties that closely follows cryptocurren- cies, and I have worked with younger investors that preferred a broadly diversified portfolio of index funds. We are all a case study of one. MB: To what extent are the expec- tations of younger investors shaped by the ability to access advice anywhere, any time? BF: Information is easily accessible, which can be helpful, but it can also lead to confusion. is is especially true in an era where clicks lead to advertising revenue. We still find that individuals want to vet the informa- tion that they have received online through a trusted advisor. e availability of information does allow investors to be more inten- tional about where they are allocating their capital, allowing them to better align their portfolio allocations with their personal preferences. MB: How do these changes affect the way your firm operates? BF: I don't think that there is any substi- tute for a trusted relationship between a client and an advisor. at trust is built over time as our clients move through life and they depend on us to pro- vide unbiased guidance to help them. Technology and information availability will evolve, but a trusted relationship will continue to be an important foundation to wealth management. At NBT Wealth Management, our entire 401(k) approach is focused on one thing – your business. Our expert staff will help customize a plan that's unique to your needs, providing you with one easy point of contact, an extensive range of services and experienced support: Find the best solutions for your business. Connect with one of our experts today. www.nbtbank.com/401k 401(k) SOLUTIONS FOCUSED ON WHAT MATTERS – YOUR BUSINESS. Plan Design Expertise Fiduciary Protection Participant Education Mobile App Open Architecture for Mutual Funds HSA Integration Single Point of Contact Full Fee Disclosure YO U R G OA L S . O U R G U I DA N C E . Heather Lemon Retirement Plan Consultant 802.343.9563 hlemon@nbtbank.com They may post to ask which cryptocurrency is the best or how to deal with a financial situation. — Erin Barry Means Wealth Management

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