Retirement, if not well planned, usually come with challenges that have the potential of sending retirees on a downward spiral not only financially but also socially. One of the leading causes of financial challenges for retirees is inadequate or lack of information on Social Security. A study on linkedin.com conducted by Nationwide Financial established that many financial advisors do not advise their clients on social. This is despite the fact that a large percentage of those sampled indicating that they would opt for a new advisor if their current ones do not offer advice on Social Security. According to president of Nationwide Financial, David Giertz, many financial advisors find the over 2,700 rules contained in the financial advisors’ handbook quite tasking to master. However, it is imperative that financial advisors offer this crucial service to their clients because they run the risk of losing clients. Additionally, it can lead to financial loss by retirees while also helping them optimize their income.
David Giertz, the current president of Nationwide Financial in charge of sales and distribution believes that financial advisors have an obligation to help their clients come up with a financial plan capable of maximizing the benefits of Social Security. His views are based on his over 30-year experience in the industry. During this period on soundcloud.com, he has worked for some of the largest companies in the industry including The Mutual Life Insurance Company and Citicorp Investment Services before joining his current employer in 2006. He has held numerous positions in the company’s divisions before taking up the president position in 2013.
David Giertz is a registered financial advisor who has passed four exams related to her profession during her over three decades in the industry. He is registered in over 15 states including Texas and Florida as a financial advisor. In addition, he is also registered with the Financial Industry Regulatory Authority as an investment broker.