Banking and Wealth Management - Page 2

AS MILLENNIALS AND GENERATION Z BEGIN TO INVEST IN FINANCE , AT WHAT AGE SHOULD THEY SEEK A FINANCIAL ADVISOR TO HELP WITH FUTURE GOALS ? WHAT SERVICES ARE GEARED TOWARD THAT GENERATION TO MAKE FINANCE MORE APPROACHABLE ? As soon as they graduate college or trade school . We have a wealth management program that works with the credit union to sit down and answer questions from anybody of any age , such as investing and where to start . Those are important conversations to have as early as possible . [ Youth can ] begin to develop good savings and investing habits early . For digital folks , our online banking Money Management budgeting tools gives them an understanding of their financial picture . It can be any account : credit card companies and investing firms , and we aggregate that data and put it into a dashboard for them . For high schoolers , we sponsor a program in fourteen high schools in northern Rhode Island called EverFi , a digital tool used by teachers in the classroom , teaching students about a basic savings account , investing stocks and bonds , life insurance and financial wellbeing . It sets

SPONSORED CONTENT
the tone for young folks while they ’ re in high school to prepare for college finances .
THE PANDEMIC EMPHASIZED RELIANCE ON MOBILE APPS AND ONLINE BANKING . HOW DID YOU HELP OLDER CLIENTELE
AND THOSE WARY OF NEW TECHNOLOGY ADJUST ? The most impactful way to assist is face-toface member experiences . However , during the height of the pandemic , we utilized a
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124 RHODE ISLAND MONTHLY l AUGUST 2022