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.
Meanwhile, Carson Group fully integrates a decades-old practice in Phoenix, Arizona, and Triad Wealth touts its 5x growth to hit a $2 billion milestone.
Matt Gellene shares the bank’s latest research on how young adults are managing their finances.
Survey data reveal a widening divide between early AI adopters and those still on the sidelines – with career stage and AUM emerging as key fault lines.
Sitting between equity and insurance-like solutions, defined-outcome ETF strategies have matured as an alternative to staying in cash during choppy markets.
Orion CEO Natalie Wolfsen says artificial intelligence could double the number of Americans receiving financial advice as RIAs deploy AI to boost advisor productivity
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
