There is an immense need for financial firms to create awareness to their clients about social security. David Giertz says that the financial advisors are avoiding the topic because the social security handbag is a complex docket with over 2700 rows and therefore is not easy to comprehend it. Despite being complex, he suggests that the most important thing is to have a basic understanding and confidence around all the rows. As the president of Nationwide Financial Sales and Distribution, David Giertz collaborated with the Nationwide Financial Retirement Institute in carrying out a consumer survey with the aim of gathering customer feedback on the topic of social security. According to the survey, 4 out of 5 retirees said that they would soon change their advisor because they are not offering advice on matters of social security.
For advisors to retain their clients, there is the immense need for them to take the customer’s interest at heart. The main reason to consider this is because advisors are part of the customer’s income retirement plan and social security contributes up to 40 % of the income at https://angel.co/david-giertz. Turning social security too early may result in the client losing up to $12,000 a year. The advisor’s help is thus crucial.
David Giertz, also known as Dave, is a global business leader with over 30 years working experience in the field of financial services on CNBC.com. Other than being the president of NFS Distributors Inc., he is an industry arbitrator at FINRA and a board of trustee at Millikin University, the institution where he did his bachelor’s degree. For a span of 12 years, Dave has been holding the president’s office in the different financial organizations that he has worked with.
In readiness for his career, Dave pursued a degree in Business administration and management and later furthered with the same at the MBA level. His key skills include retirement planning, mutual funds as well as financial services. David Giertz is a lead financial advisor with tremendous knowledge in the financial matters on Vimeo.