The Covid-19 pandemic has taken a toll on employers, with financial stress costing the nation’s employers an estimated $4.7 billion a week, according to a survey by BrightPlan, a financial wellness adviser to retirement plans.
The survey of 1,500 knowledge workers at companies with 1,000 or more employees conducted in April and May, found that companies lost an average of 15.3 hours per week of productivity per employee due to financial stress. What’s more, 20% of employees said their financial health has worsened as a result of the pandemic and 46% said their productivity was lower.
Post-pandemic, 37% of employees responding to the survey said they wanted better health care benefits.
The financial advice industry has been facing inquiries into its cash sweep programs for years now.
Investor money allegedly went to strip clubs, exotic cars, and landscaping
Procyon adds $415 million in assets under management in New Jersey while Savant picks up a $213 million Southern California planning firm
With a growing number of real estate-rich Baby Boomers aging into retirement, some advisors may be failing to consider all the options available for those clients' assets.
Cornerstone Advisors study reveals compliance bottlenecks stall campaigns weeks after customer opportunities close.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
