David Giertz Thinks Advisors Should Spend More Time Talking To Their Clients About Social Security

posted by: KevKev

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In an interview regarding social security on Finra, Columnist Veronica Dagher asked David Giertz his thoughts on financial advisors talking to their clients about social security. The President of Nationwide Financial stated that through a study of consumers on whitepages.com involving people who are retired or ten years from retirement make claims that their advisors never spoke to them about social security.

In that same survey, David Giertz discovered that 4 out of 5 people would leave to seek out another financial advisor if their current one wasn’t talking to them about social security. Giertz believes one of the reasons advisors don’t tell their clients about social security is because the topic is very complex; involving over 2,700 rules. The complexity of social security makes it more difficult for advisors to have a clean understanding of the topic on wsj.com.

David Giertz doesn’t agree with advisors who believe social security is too difficult. Part of an advisor’s job is to give retirement planning advice to their clients and social security is part of the retirement planning process. With the possibility of social security being up to 40 percent of a person’s retirement planning, it is important that advisors take an interest in the topic. David Giertz feels that social security is an opportunity for clients to maximize their retirement, and advisors should feel obligated to educate themselves on the topic for their clients’ best interests.

David Giertz has held many positions within the Nationwide family. He was the company’s Vice President of Nationwide Financial Sales until 2009 at https://www.nationwide.com/about-us/040114-nf-new-mobile-app.jsp, when he became Vice President of sales at Nationwide Financial Services, Inc.

He is the President, Vice President and Director of numerous other companies belonging to Nationwide. David Giertz is also the President of Nationwide Financial Distributors, Inc., and the Senior Vice President of Nationwide Financial Distribution and Sales at Nationwide Life Insurance Company.

posted in: Financial Advisors

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