David Giertz has brought up the critical importance of Social Security for those approaching retirement age. It is a complex issue that many financial advisors are shying away from to the possible detriment of their clients. This could adversely impact clients and advisors with Social Security benefits playing such an important role for most retirees.
Research has been done in regard to the role of financial advisors and whether or not they provide counsel to their clients about maximizing Social Security benefits. A majority of respondents detailed that their financial advisors did not give guidance about Social Security benefits. When questioned further, they also said that they would most likely switch advisors if they weren’t counseled about Social Security.
To be fair, Social Security benefits are a very complex issue that’s difficult to deal with as interactions with the Federal Government can sometimes be. Containing over 2700 rules in the handbook, Social Security can be quite intimidating for financial advisors. David Giertz urges advisors to make it a part of their business anyway. Advisors are more likely to retain their customers if they are able to provide help with Social Security.
The customer perspective is comprised of the very important fact that 40% of their retirement income could be Social Security benefits and it must be addressed. With such a critical factor in play, advisors must be able to give insight, advice, and clear directions for clients to mull over.
David Giertz is a registered financial advisor with over 30 years of experience in the field. He has worked for Nationwide Investment Services Corporation since 1999 and has enjoyed success in their operations. He was President of their sales and distribution organization and during his tenure revenue grew substantially.
Coaching is another area where Giertz has made his mark. The Worldwide Association of Business Coaches is a place where he excelled with his extensive financial knowledge.