Veronica Dagher of the Wall Street Journal sat down with Nationwide’s David Giertz. The two spoke briefly about what consumers and financial advisers can do to have a more productive relationship.
Giertz says that financial advisers are not speaking to their clients about social security and this could cause advisers to lose their clients. The Nationwide Financial Institute did a survey that found most people claim their advisers aren’t discussing the topic of social security with them. The survey also said that 4 out of 5 individuals would switch advisers if they did not discuss social security.
In the interview, Giertz made it clear that it isn’t necessarily the adviser doing it on purpose. The social security rule book currently stands at around 2700 rules and Giertz says that sometimes it can be hard for advisers to be confident about all of those rules. Rather than misinforming their clients, advisers aren’t informing them at all.
If you are a financial adviser, Giertz says in order to keep your clients, you must discuss this issue with them.
ABOUT DAVID GIERTZ
Giertz has under his belt 30 years of experience in the financial service industry. He has been employed by Nationwide since 1999 and since 2013 he has been Senior Vice President on their Financial Distribution Sales section. Giertz currently lived in Dublin, Ohio.
David Giertz is a registered broker with FINRA and prior to working at Nationwide, Giertz worked at CitiCorp and Financial Horizons Security Corporation.
Giertz’s career has not only consisted of positions in the financial service industry. Giertz has also been involved in community focused objectives and charitable organizations. He is the former Chairman of the Board of Trustees at Milikin University and held the position of Budget and Finance chairman at the University during his decade spent there.
Giertz obtained an MBA from the University of Miami and his BS from Millikin University, where he was also Chairman of the Board of Trustees at one point.