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.
A $141M judgment and a federal asset freeze collide over one shrinking pool
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
