There has been a concern recently about advisors failing to talk to their clients about social security. Dave Giertz addressed this issue in an interview with a journalist from The Wall Street Journal newspaper. The interviewer was Veronica Dagher who is a columnist for WSJ’s Wealth Advisor section. According to the interviewer, the issue of advisors failing to advise their clients about social security had grown rampant in the country. Mr. David Giertz who is the president of Nationwide Financial distributors affirmed to this issue saying that indeed most advisors are skipping this bit when educating their clients.
Mr. Giertz assertions were supported by the findings of a survey that was conducted by Nationwide Financial Distributors. From the study, it was found out that most of those interviewed were not informed about social security by their advisors. The survey was conducted on retired people and those who were ten years close to retirement. Mr. Giertz also said that four out of five interviewees were willing to change advisors if they found an advisor who would talk to them about social security. He cited that many advisors are probably not talking about the critical issue due to its complexity. He called upon advisors to change their tact and talk more about social security. Mr. Giertz pointed out that many people were willing to ditch their current advisors for new ones who talk about this issue confidently.
David Luther Giertz works for Nationwide Investment Services Corporation as a financial advisor. He is based in Dublin, Ohio. He has worked in this field for over 31 years, and this has enabled him to amass massive experience. Nationwide investment Services Corporation is a company that deals with a wide array of affairs that include buying and selling of securities.
Mr. Giertz is a broker, and he is registered with a financial regulatory body called Financial Industry Regulatory Authority (FINRA). A broker is an individual who works for a brokerage institution. Such institutions trade in many things that include securities, bonds, and mutual funds. A brokerage institution must also be registered with FINRA. The agency operates as a dealer or buys and sells stock on behalf of other clients.