Do you know who to trust when it comes to financial advice? There’s a lot of confusion out there, so let’s jump right in and clear things up.

Ask any employee benefits professional if they’d let a credit card company come into the office and try to educate and sign up their employees. We bet you’d hear a resounding “NO.”

Yet, many workplace programs that call themselves “financial wellbeing” make their money by selling financial products and services. 

What motivates someone to speak to a Financial Advisor? Investment advice is one reason, but it’s not the most common. People look for financial guidance when it’s time to make a big decision, especially for the first time.

In the midst of global panic, employers are doubling down on efforts to protect the wellbeing of their employees. 

A tall order, no doubt. COVID-19 doesn’t just pose a threat to your team’s health. It’s also affecting their personal finances in a big way. 

Let’s bust a common myth about financial advisors. "They’re only for high-earners and millionaires who need investment advice."  

Managing your finances can feel like a confusing puzzle on and off the clock. Most of us want clear cut answers telling us how to spend, save, pay off debt, and handle big decisions. 

But money is personal, and the best advice I can offer to one employee doesn’t always apply to everyone’s situation. Even so, employees of all demographics and pay grades are asking the same questions.

Everywhere you look there’s advice on how to make this ‘your’ year — the one where you exercise more, eat healthier, and get your financial life in order. 

On a personal level, you might have set a goal to save more, pay off debt, and creating a plan for your money this year.

As a benefits professional, you might have noticed the growing trend of financial wellness, and hope to bring guidance and support to your workplace. Either way, you might be considering the help of a Financial Advisor.

Sleep impacts the overall wellbeing of your organization, and money-related stress is preventing your employees from getting enough.  

According to a 2019 survey by Bankrate.com, more than half of American adults are losing sleep over financial stress.

With open enrollment in full swing, it’s time for your team to review their health insurance options. A common approach is to check the same box as last year, leaving your health insurance unchanged for another 12 months. 

In making this quick, uninformed decision, most employees aren’t aware of potentially missing out on a powerful retirement savings tool.