Helping Advisors prepare their clients for retirement since 1986.
Gone are the days of providing only the account balances and investment options, now participants can see nifty graphics, input goals, and see how different scenarios might affect their retirement. Plan portal design trends fall short of client expectations, see how TRAK can bridge this gap.
Advisor-driven education uses a three-pronged engagement process to connect personally with participants: Connect Internalize Initiate.
Advisors need to understand participant apathy, including its causes and potential solutions. Doing so can help advisors grow their business while better serving their clients. Understanding this provides better participant outcomes.
In 2017, nearly one-third of employees withdrew funds from a retirement account for expenses other than retirement. That is the data presented by PwC in their 2017 Employee Financial Wellness Survey. If this survey is representative of the general population then this should be cause for concern.
How do you feel when a client doesn’t take your advice? You clearly presented and explained everything to your client, only to hear “OK, let me think about it.” Simply put, you will win over more of your clients when you focus on engagement and education.
Last week Vanguard released its report How America Saves 2017 (removed by vanguard pressroom, archived copy provided). Some of the most interesting pieces of the report centered on data on the increase in automatic 401(k) features such as auto-enrollment and...
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