Read a Question and Answer session with Liz Davidson, CEO and founder of Financial Finesse, on the company’s latest research: Trends in Employee Financial Issues: Q1 2013
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Originally published in Financial Finesse on May 16, 2013
Download a PDF of the release here.
Employees accept they cannot rely on employers to fund their retirement and health care, and instead take control of their finances themselves
El Segundo, Calif.—Financial Finesse, the nation’s leading provider of unbiased workplace financial wellness programs, has released its quarterly research report on Trends in Employee Financial Issues for the first quarter of 2013.
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Originally published on May 16, 2013
Studies by the Global Center for Financial Literacy define the term as “a set of basic concepts that sit at the heart of financial decisionmaking, which include: numeracy and an understanding of interest rates and interest compounding; an understanding of inflation; and an understanding of risk diversification…”
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Originally published in PLANSPONSOR.com on April 24, 2013
US employees’ financial wellness declined slightly in 2012, with lower income employees, women, and Gen Xers getting hit the hardest, according to an annual study on employee financial issues from Financial Finesse…
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Originally published in CA Magazine on April 12, 2013
Homeowners don’t always like surprises, especially at this time of year. Spring storms, flooding, winter-damaged roofs, heaved driveways… can all mean money to real estate owners…
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Originally published in Realty Times on April 1, 2013
The number of employees who reported experiencing high levels of financial stress in 2012 held steady, according to new research…
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Originally published in Life Health Pro on March 26, 2013
In the first article of this series, The Successful Retirement Plan Advisor, Pt. 1: 3 Traits They Share, I identified key traits that successful advisors have in common…
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Originally published in AdvisorOne.com on March 18, 2013
One statistic about U.S. household finances is so startling that it deserves its own post: Nearly one in three employees say they took a hardship loan or distribution from their 401(k) retirement accounts last year, up from one in four in 2011…
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Originally published in Bloomberg Businessweek on March 15, 2013
Employees’ financial wellness suffered a mild backslide in 2012, according to Financial Finesse’s Year in Review research on trends in employee financial issues for 2012…
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Originally published in Business Examiner on March 15, 2013
Financial Finesse released on Thursday its annual Year in Review report on employee financial wellness in 2012. The firm found employees struggled through the early part of the year, and while they recovered some, they still didn’t finish as well off as they did in 2011…
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Originally published in BenefitsPro.com on March 14, 2013
I’ve talked a lot in this series about the key role of innovation in growing a retirement plan advisory practice. There’s another side of the success story that’s equally important and sometimes even more difficult to accomplish: implementing that innovation…
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Originally published in AdvisorOne.com on March 11, 2013
Today is International Women’s Day, a day that’s often devoted to commemorating the accomplishments of women, including their economic, social and political achievements. As a personal finance blogger, my professional interest is, of course, in the first topic: in particular, how women are doing financially…
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Originally published in Yahoo! Finance on March 8, 2013
Employees may need financial education from your company more than ever.
Reason: Last year was a bad one for workers’ financial security…
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Originally published in CFO Daily News on March 8, 2013
Employees’ financial wellness took a hit in 2012, according to Financial Finesse’s Year in Review. Only 68 percent of employees reported having a handle on their cash flow in 2012 compared to 72 percent in 2011…
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Originally published in BenefitsPro.com on March 8, 2013
Employees and employers are increasingly focusing on total financial wellness and not just retirement planning education…
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Originally published in PLANSPONSOR.com on March 7, 2013
Fewer corporate workers have sufficient cash flow and emergency funds on hand, according to a new survey…
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Originally published in Accounting Today on March 7, 2013
There was no decline in retirement preparedness among employees in 2012 despite a decline in overall financial wellness, according to data from Financial Finesse…
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Originally published in PLANSPONSOR.com on March 7, 2013
Read a Question and Answer session with Liz Davidson, CEO and founder of Financial Finesse, on the company’s latest research: Year in Review for 2012
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Originally published on March 6, 2013
Download a PDF of the release here.
Financial Finesse Releases Annual Study on Trends in Employee Financial Wellness for 2012
Employees’ financial wellness declined, with lower income employees, women, and Gen Xers getting hit the hardest. Still, financial stress improved and employees continued to focus on long-term planning.
El Segundo, Calif.—Financial Finesse, the leading provider of unbiased workplace financial wellness programs has released its Year in Review research on trends in employee financial issues for 2012. The research found employees’ financial wellness suffered a mild backslide in 2012. The backslide was most notable in areas of cash management. In 2012:
- Employees who reported having a handle on their cash flow fell four percentage points: Sixty-eight percent of employees reported having a handle on their cash flow in 2012 versus 72 percent in 2011.
- Fewer employees reported having an emergency fund, dropping to 51 percent from 56 percent in 2011.
- Only fifty-six percent of employees reported regularly paying off their credit card balances in full each month, a drop from 62 percent in 2011.
- Twenty-three percent of employees reported having late fees in 2012 versus 19 percent in 2011.
Originally published on March 6, 2013
In my first article in this series for AdvisorOne, I talked about the three most common traits I’ve seen in highly successful retirement plan advisors. One of the biggest lessons I’ve learned from advisors over the years is that the most critical and most difficult thing to do in this industry is to stand out…
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Originally published in AdvisorOne.com on March 4, 2013
In my last article for AdvisorOne, I talked about the three most common traits I’ve seen in highly successful retirement plan advisors. Though unique in their personalities and businesses and how they operate those businesses, they all possess similar qualities that have led to their success…
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Originally published in AdvisorOne.com on February 25, 2013
Opinions vary on the extent to which dipping into 401(k) retirement funds is dangerous and ill-advised, but one thing seems certain, according to experts and studies: A growing number of employees are doing just that — robbing from their retirements to pay for seemingly more urgent needs or desires today…
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Originally published in Human Resource Executive on February 21, 2013
A recent study by Financial Finesse found that women are lacking in both knowledge and confidence about their finances. The results are ironic, given that women tend to be the primary financial decision makers in most households…
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Originally published in Yahoo! Voices on February 19, 2013
This past year, I’ve had the pleasure of working with quite a few top advisors in the country, independent wealth management and retirement plan advisory firms, most of whom manage billions of dollars in assets…
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Originally published in AdvisorOne.com on February 18, 2013
More companies are embracing comprehensive financial wellness programs instead of basic financial education because of the bottom line benefits these plans offer…
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Originally published in Life Health Pro on February 2, 2013
Financial Finesse held on Thursday a webcast for its clients on best practices for improving employees’ financial wellness…
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Originally published in AdvisorOne.com on February 1, 2013
Erik Carter, CFP, JD, talks with Fox Business host Lauren Simonetti about the top 5 reasons Americans aren’t as wealthy as they could be and shares ways to improve your long-term wealth without taking a big hit to your wallet today.
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Originally published in Fox Business on January 2, 2013
We all know that we should be saving more and spending less, but we don’t always follow that wise advice. What may surprise you, though, are the varied ways people in different age groups have responded to the financial crisis…
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Originally published in DailyFinance on December 12, 2012
Leading provider of unbiased workplace financial education wins prestigious award for its Financial Learning Center.
To download a PDF version of this release, click this link: Best In Biz Enterprise Product of the Year 2012 Release
El Segundo, Ca--Financial Finesse, the leading US provider of unbiased workplace financial wellness programs has been awarded the Best in Biz Enterprise Product of the Year award for its patent pending Online Financial Learning Center and accompanying data analysis and assessment. The award comes on the heels of another award for the platform earlier this year, where it took Gold in the Plan Sponsor Council of America 2012 Signature Awards. Continue reading this post …
Originally published on December 11, 2012
Millennial, Generation X and both early and late Baby Boom employees all surprisingly have this in common: None of them are preparing for retirement in an ideal way…
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Originally published in CFO Daily News on December 6, 2012
Download a PDF of the press release here.
FINANCIAL FINESSE RELEASES NEW GENERATIONAL STUDY ON EMPLOYEE FINANCIAL ISSUES
Study finds different generations responded differently to the recession and subsequent tough economy, with Gen X particularly vulnerable financially
El Segundo, Calif.—Financial Finesse, the nation’s leading provider of workplace financial wellness programs and the only unbiased education firm publishing primary research on employee financial trends, announced today the release of its new annual report on the financial issues of generations within the workforce.
The firm studied the distinct financial issues, priorities, and vulnerabilities of Millennials, Generation X, Late Baby Boomers, and Early Baby Boomers, with a focus on strengths, weaknesses, opportunities, and threats each generation faces, as well as their distinct financial education and planning needs.
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Originally published on December 6, 2012
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