Not long ago, the Wall Street Journal approached David Luther Giertz, a well-established financial advisor to explain about social security. In the interview, David began by indicating that it is wise for a financial advisor to help his/her clientele understand the social security issue for the benefit of both parties. David Giertz continued to say that his team had carried out a research meant to understand the social security problem in depth. What seems weird is that the study found out that most financial advisors were talking to their customers about the social security as required.
When it comes to the customers, the study showed on wsj.com that in every group of five clients, four of them would immediately abandon their financial advisors if they were not addressing the social security topic in detail. Hence, social security issue is important particularly when it comes to winning the trust of the customers in any financial advisory firm. Therefore, David Giertz urged his colleagues in the field to handle the area in depth for the benefit of their businesses.
David Giertz continued to clarify that advisors are not avoiding the social security questions. According to him, social security is a very complex subject that entails many regulations making it difficult for a few advisors to get along easily. As a result, a few of the advisors lack the confidence play along with the rules. Therefore, Dave insisted that the advisors should study the rules on Finra.org carefully to boost their confidence which is needed to handle the questions projected.
Besides, Dave asked the customers to closely monitor their social security plans since they constitute almost 40% of their retirement benefits. The research showed that, those clients who avoided their social security would end up losing up to $1000 a month while receiving their retirement befits returns. Therefore, it is recommended that clients make use of social security program to optimize their retirement returns at https://www.nationwide.com/about-us/040114-nf-new-mobile-app.jsp.
Mr. Giertz is the President of Nationwide Financial Distributors Inc. Based in Columbus, OH. The firm is well known for its excellence in the purchase and sale of securities. When it comes to any financing business, broad experience is crucial. Therefore, the fact that David has been in the industry for more than 29 years places him in a better position to be qualified as a leader. Under Dave’s leadership, the company has managed to handle many deals which greatly rely on his contributions.
David takes pride of being involved with about eight firms which he considers to have contributed greatly towards his vast portfolio. Before being elected as the President of Nationwide Financial Distributors, David used to serve as the company’s Vice President in charge of sales since 2009. From 2004 to 2009, Dave was the Senior Vice President of NF Distribution Nationwide Life Insurance Co. Also, Dave Luther Giertz serves in other Nationwide companies as the Vice President and Director. Besides, David serves as the Vice Chairman of the board of the prestigious Millikin University.