In a message directly aimed at financial advisors, David Giertz explains in a Wall Street Journal interview why it’s vital to their interests and their clients to broach the important topic of social security. As a President at Nationwide Financial, he recently commissioned a study about this issue and the results showed that most people don’t get any advice about social security from their financial advisors.
In warning advisors to talk about social security on CNBC.com, David Giertz said that his study showed that the majority of clients will leave their advisor if they don’t talk about social security. Avoiding the subject is going to seriously hurt an advisor’s retention unless they’re willing to change.
David Giertz’s other point was that social security is increasingly a large part of what retirees live on. If someone is relying on social security to provide half their income post-retirement it’s simply too big of an issue to avoid on Vimeo.
David Giertz has been involved in the financial industry since the 1980’s. He has served as a financial advisor himself during his career. He graduated in 1986 from Millikin University where he earned his B.A. in Management and Business Administration. In 2002 he attended the University of Miami – School of Business and graduated in 2003 with his MBA.
At Nationwide Financial Distributors, a subsidiary of Nationwide Financial, David Giertz initiates and develops their financial products and services. This includes retirement plans, annuities, mutual funds, and other products that are then sold through third parties such as broker/dealers, wirehouses, and banks.
As social security is so important, David has talked about the issue before. He cautions people to not take social security too early as it drastically reduces the amount someone can receive by waiting closer to age 70. Many people start collecting it as soon as possible which he says is likely a huge mistake at https://angel.co/david-giertz.