For retirees, financial security is an important indicator of the quality of life they live. One of the most important of financial security is Social Security. However, results of a survey show that many retirees lack information on how to benefit or utilize Social Security and thus end up missing on its numerous benefits. The research was conducted by Nationwide Financial; a financial advisory company headed by David Giertz. Mr. Giertz points that some retirees fail to utilize Social Security due to the mistakes done by their financial advisors as some fail to furnish them with adequate information. Interestingly, most retirees would readily drop their current financial advisors if they failed to give adequate information and professional advice on Social Security.
During the survey, it was established that some financial advisors are professionally negligent as they are easily discouraged by the huge volume of rules they use in their profession. Some financial advisors find the over 2,700 rules practically impossible to master and hence the failure to properly advice their clients including retirees. However, the Nationwide Financial president holds that advisors have a professional obligation to properly advice their retiree clients on the benefits of Social Security. He reckons that failure to do so can lead to reputation damage and loss of clients and subsequent loss of income.
Professional and Academic Background
David Giertz is a financial advisory industry veteran with over thirty years of experience. He is a specialist in mutual funds, retirement planning and financial services advisory including investment brokerage, of which he has received certification. To cement his position as one of the best in the industry, he has sat for industry exams. This is in addition to his Master of Business Administration degree he received from University of Miami’s School of Business. He also holds a Bachelor of Business Administration degree from Millikin University where he graduated in 1986.
As a visionary leader, David Giertz has ensured that his licenses as a financial advisor and investment broker are recognized in over ten states and Financial Industry Regulatory Authority (FINRA). He previously worked at Citicorp Investment and Financial Horizons Security Corporation before joining Nationwide.