We emphasize a personal approach to investment management. Your account will receive the attention of an experienced investment manager. In addition, our investment and trust staff, based in Ellsworth, encourages frequent personal contact, and travels throughout Maine to meet with clients. For more information concerning our services and competitive fees, please contact Trust and Investment Services, located on the third floor at Union Trust's Main Office in Ellsworth. Achieving your overall financial objectives requires a well thought out and coordinated plan.
Financial planning is the development and implementation of such a plan.
It begins with evaluating your current situation, setting goals, formulating a plan and on-going monitoring. At the beginning of the year we started to see a slowdown in the economy. The ongoing tech and telecom frenzy progressed downward. Most recently the market is assessing a lowering of earnings expectations, slower growth, increased layoffs, and a debate as to whether we are in a recession and, if we are, how long it will last. Inventory corrections are expected to end in the first quarter and turn positive in the second half of this year.