David Giertz, the President of Nationwide Financial Distributors, recently had a sitdown interview with Veronica Dagher of the Wall Street Journal. The interview focused on how most financial advisors don’t talk to their clients about social security. Giertz said this is a huge mistake on their part due to two main factors; the importance social security plays in retirement and because of client retention issues on moneytips.com.
A survey on angel.co that David Giertz’s company recently completed shows that most people will switch financial advisors if theirs doesn’t discuss social security with them. Just from a retention standpoint it’s thus very important to do so, however, most financial advisors don’t because of the sheer complexity of social security rules means that they don’t feel confident about the issue at https://twitter.com/davidgiertz. The second main point that Giertz made is that as pensions increasingly don’t exist any longer social security payments make up a large part of most people’s retirement income – up to 40% for many retirees. Social security is too important to not discuss.
David Giertz has been with Nationwide since 1999. Prior to this, he worked for Financial Horizons Security Corporation for 4 years starting in 1989 and for 6 years he worked as a financial adviser at Citicorp Investment Services. David Giertz graduated from Millikin University with a degree in Business Administration and Management in 1986. In 2003 he earned his MBA in Business Administration and Management from the University Of Miami – School of Business.
As the president of Nationwide Financial Distributors David Giertz is responsible for the strategy and distribution of the company’s financial products including retirement plans, annuities, life insurance, mutual funds, and specialty markets. Their financial products are sold through banks, financial firms, and independent brokers and dealers.