5/29/2015 – Help clients before they become the family bank (Investment News)

A recent national study by Merrill Lynch and Age Wave found that roughly six in 10 people (62%) age 50 and over are providing financial support to family members. The amount of support can be substantial — averaging $15,000 over five years. But among clients with assets over $5 million, the average level of support climbs to over $300,000.

Read the full article at Investment News.