David Giertz, the President of Nationwide Financial Distributors, recently sat down with a Wall Street Journal staffer to talk about why financial advisers tend to not discuss social security with their clients on Twitter. According to Giertz the main reason they don’t is that they don’t feel comfortable with the topic given how complex it is. Giertz cautions them that this is not the right approach.
One of the biggest problems for advisers who don’t talk about social security is that, as a recent study Nationwide showed, most investors will switch advisers if their current one avoids the issue. Advisers on About.me would do well to learn and talk about social security if they expect to keep their clients.
Another problem with avoiding the top is that it’s too big an issue to avoid. In this day of most people not having pensions, social security makes up a large part of the majority of people’s retirement income. Advisers are doing their clients a disservice by not discussing the issue on yolasite.com.
David Giertz is registered with FINRA as a Broker and has over 30 years of experience in the financial industry. He has served in the capacity of President of three different subsidiaries of Nationwide Financial since he joined the firm in June 2004. Before he joined Nationwide He worked for Citicorp Investments from 1991 to 1999, and from 1989 to 1993 he worked as a financial adviser at Financial Horizons Security Corporation.
While he still works as a financial adviser, David Giertz’s main duties at Nationwide Financial are to oversee the company’s retirement plan offerings, annuities, life insurance, and specialty market products at https://angel.co/david-giertz. These financial products are sold through banks, wirehouses, and independent brokers and dealers across the United States.