Advisors, speak to your clients on Social Security; Dave Giertz Makes the Case
In an interview with Veronica Dagher, a wealth advisor columnist at the WSJ, David Giertz advised the financial advisors to speak to their clients about Social Security.
A report of a survey that was done by the Nationwide Financials targeting the consumers at https://www.nationwide.com/about-us/040114-nf-new-mobile-app.jsp who had retired said that four out five clients would change their advisors if they would not talk to them about social security.
The reason why the advisors were not talking to their clients about social security can be attributed to the complexity of the matter. The social security handbook contains 2,700 rules which make it a complex matter on Finra.org. Most of the finance advisors find it hard to comprehend the terms used and thus are not in a capacity to advise their clients on social security.
David Giertz encouraged them to talk to their clients because of if they fail to, the clients will leave and find other advisors who will negatively affect their client retainer.
In addition, talking to their clients about social security will help the clients to maximize their retirement benefits. Lack of information on Spokeo will make the people turn their social security too early which will lead to a loss of $1000 per month. They need to inform their clients so that they can optimize their benefits.
David Giertz is the president of the Nationwide Financials. This is a position he has held since 2013. He joined the firm in 2004, and he managed to rise through the ranks to become the president.
When he joined the company, he was the president of the financial institution distribution channel. In 2009, he became the president of the Wirehouse distribution channel.
He graduated from the Millikin University with Bachelor in Business Administration and Management. He also attended the University of Miami School of business for his MBA.