Advizr is pleased to introduce a new business line, Workplace, a comprehensive financial wellness solution.
Financial advisors today do more work than ever for their clients, leaving little appetite for time-intensive services that clients may not want and provide limited value to the advisor’s practice. Unfortunately, holistic financial planning often falls victim to these three well-traveled myths.
In today’s article, we’ll refute each of these and demonstrate how financial planning adds value to both advisors and their clients.
Built for financial advisors and their institutions, client/advisor engagement and adoption is always top of mind at Advizr.
This focus was picked up on by several large and very large institutions, all of whom were seeking something previously unavailable to them - the capacity to quickly, efficiently and comprehensively onboard a number of individuals (i.e., participants in mega 401k plans, or a company’s entire employee base), provide them with tangible, actionable financial advice, coordinate and assimilate their benefits, and ultimately, advance financial well-being across the entire population of individuals.
Thanks to the complexity of US tax code and the nuances of various Social Security (SS) benefits, volumes have been written about how to “maximize” Social Security benefits. There are numerous variables that could impact decisions around when and how to take benefits, such as spousal benefits, life expectancy, retirement age from a full-time job, delaying or accelerating the start of benefits from full retirement age, and even the full Social Security retirement age itself, which currently changes depending on year of birth and could change even more in the future to preserve payouts from the system.
~ Advizr Workplace provides financial institutions and advisors the ability to offer self-directed financial plans to mass affluent clients; Advizr Accelerate enables advisors to implement recommendations directly from Advizr