Financial Finesse in the News

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Your Best Financial Adviser? Start with Your Employer

Feb 1, 2016

In her new book "What Your Financial Advisor Isn't Telling You," Liz Davidson puts a twist on the same idea. The problem with financial advisers, she writes, is that they are typically not financially motivated to operate in the consumer's best interest.

Liz Davidson: "What Your Financial Advisor Isn't Telling You"

Jan 30, 2016

Liz Davidson, pioneer of a billion dollar industry, financial wellness, and CEO of Financial Finesse has over 15 years' experience with personal finance. After launching and then leaving a hedge fund in her twenties, she began her unbiased workplace financial wellness company with a revolutionary idea: that employers could offer financial education and coaching to all employees as an employee benefit. Her book WHAT YOUR FINANCIAL ADVISOR ISN'T TELLING YOU: The 10 Essential Truths You Need To Know About Your Money demystifies the actions and advice of many financial advisors while also revealing 10 essential truths about how to build and secure wealth.

Bill Martinez Live: Liz Davidson

Jan 26, 2016

What Your Financial Advisor Isn't Telling You: The 10 Essential Truths You Need to Know About Your Money. Davidson is a pioneer in the field of "financial wellness" and is a former hedge fund manager who got sick of selling "financial products" to the unwary.

Finding the Right Financial Adviser

Jan 19, 2016

Since most of us are not financial or investment experts, it might be helpful to get some insight from someone who knows that realm. Liz Davidson, a nationally-recognized financial education expert, recently stopped by the 12 News studios with some insight on how to find the right financial planner.

Financial Resolutions for the New Year

Jan 19, 2016

If you are like most of us, you've probably made a New Year's resolution…or two…or three…or more…. Unfortunately, many New Year's resolutions fail by the end of January. If you've made some financial resolutions though, we have a guest for you today who says he has some financial wellness tips that actually work and can help give you the confidence you need in order to retire on your terms.

Mike Switzer interviews Scott Spann, a certified financial planner with Financial Finesse in Charleston, SC.

Liz Davidson LIVE – What Your Financial Advisor Isn't Telling You

Jan 15, 2016

A stunning and highly educational personal finance book aimed at everyone who has a financial advisor or has ever considered hiring one. This book will serve as your Rosetta Stone to interpreting financial jargon and will enable you to ask the tough questions to protect your money and your financial well-being.

Author Offers Tips on How to Find Competent Financial Adviser

Jan 12, 2016

For today's unstable financial times, Ms. Davidson has authored a book titled "What Your Financial Advisor Isn't Telling You: The 10 Essential Truths You Need to Know About Your Money," which offers tips on how to find a competent adviser; how to evaluate that adviser's effectiveness; and advice on navigating a 21st-century climate where pension plans have died out and doubts remain about the future of Social Security.

Maggie Linton Interviews Liz Davidson on Building Wealth

Jan 06, 2016

Liz and Maggie discuss her new book, What Your Financial Advisor Isn't Telling You. Learn how to build wealth and make financial decisions that can radically change your life, by taking advantage of the best tools available to us and leveraging them to their full potential.…

Aging Boomers Are Ready for Financial Advice

Dec 30, 2015

Don't let the title scare you. “What Your Financial Advisor Isn't Telling You” may be the best tool you can recommend to your current and potential clients in the New Year. As Sy Syms, the pioneering retailer of discount designer suits, intoned in his radio and television ads for decades: “An educated consumer is our best customer.” What worked for a haberdashery empire that was born in the shadow of Wall Street holds some powerful lessons for financial advisers…

An Alternative When Financial Wellness Isn’t in the Budget

Nov 30, 2015

Financial Finesse founder and CEO Liz Davidson has written a new book, and her company is offering a service to help small employers use it as an employee financial wellness program tool.

Despite its name, “What Your Financial Advisor Isn't Telling You: The 10 Essential Truths You Need to Know About Your Money,” the book encourages the use of a financial adviser for certain topics; it explains what an adviser can help consumers with…

Retirement Plans: A Long Hike

Nov 12, 2015

Many eventual retirees actually save enough, many only feel they save enough. Some lag and fall even further behind on the long trek of retirement planning. Here’s who they are and how they can catch up.

Mark Twain claimed British statesman Benjamin Disraeli said there are three kinds of untruths: “Lies, damn lies and statistics.” As a lifelong personal finance junkie, I qualify that yes, some statistics are distractions…

Wellness Programs Add Financial Advice To Improve Employee Health

Nov 03, 2015

Sheena Calliham is all too aware of statistics showing that millennials have less job security and more student debt than their parents.

“Student loan debt is a primary financial stressor and concern for my generation,” she says, “and we’ve also faced a challenging job market.”…

Women Face An Alarming Gap In Retirement Savings

Oct 16, 2015

Women scoring lower in investment knowledge and confidence says new report. When it comes to preparing financially for retirement, women continue to lag behind men and need to step on the accelerator.

In its annual report, California-based Financial Finesse, a financial education firm, found that there’s a 26 percent gap in the savings of men and women when it comes to retirement planning, based on replacing 70 percent of their income. The example is based on looking at the typical man and woman at the age of 45 based on median income…

Here’s How Wide the Retirement Gap Is Between Men and Women

Sep 15, 2015

While both men and women face big retirement-savings challenges, the hurdle is higher for many women. To have a decent standard of living in old age, women, who earn on average 78 cents to a man’s dollar, need to save $126 for every $100 men do…

Paying for College: Election Edition

Aug 12, 2015

The Editorial Board recently pointed out that the Democratic presidential candidates Hillary Clinton and Bernie Sanders have announced plans to make college more affordable, while the only rumbling from the Republican camp so far is Senator Marco Rubio’s support for linking loan repayments to borrowers’ incomes…

Voices: Linda Robertson, On Helping Women Overcome Financial Stress

Aug 11, 2015

In 2009, a report published by our firm showed that a third of those polled were feeling overwhelming financial stress. In the following years, those numbers began to taper. But recently, despite the economic recovery, they’ve begun to rise again.

One demographic that has expressed particular stress when it comes to finances is women, age 30 to 55 with minor children, and make less than $60,000 annually. More than half of those women said they felt overwhelmed financially–40% more than similarly aged male parents in the same income group…

3 Things Every Successful Financial Plan Should Have

Jul 25, 2015

Americans know they should be saving early and often for retirement, but their intentions aren’t necessarily translating into bottom-line results.

Last year, Financial Finesse released a study that examined the overall state of Americans’ retirement preparedness. The primary finding was that very few people describe themselves as being “on track” to reach their retirement goals. Although the percentage of respondents who described themselves as on track rose to 19.7% in 2013 from 16.6% in 2011, this still means 80% of respondents are, in some way…

Employers Can Help with Employee Financial Stress

Jul 07, 2015

Nearly one-quarter, 23%, of employees feel “high” or “overwhelming” financial stress, up from only 18% in 2012 and 19% in 2011, according to a survey by Financial Finesse, a provider of financial education to workers.

Employers have a role in helping people with financial stress as well, says Liz Davidson, chief executive officer of Financial Finesse. They can offer financial wellness programs to teach their workers practical money skills…

Financial Stress Hits Moms the Hardest

Jun 26, 2015

As my daughter prepares to start fourth grade next year, my thoughts turn to how close middle school, high school and college really are. In just nine years, my kid will graduate from the 12th grade and be heading off to college in the fall (fingers crossed!). That’s not a lot of time to save up for what are now exorbitant tuitions. I have no idea how we’re going to swing it, and it quickly stresses me out…

Losing Sleep? Your Wallet Is To Blame

Jun 25, 2015

The job market is showing signs of improvement, gas prices are down and the market is still in its bull run. Yet despite this relatively rosy environment, Americans are seriously stressed about money. Eighty-four percent feel that they are not in control of their current financial situation. Nearly two-thirds of all adults are losing sleep over some sort of money woe. And 69% of younger adults would give up the internet for one month just to get $1,000…

Money Lessons From Former NFL Player Phillip Buchanon

Jun 17, 2015

When it comes to money, NFL players have famously fumbled. Former wide receiver Terrell Owens, who made around $80 million over his pro career, filed for bankruptcy in 2012. Former Miami Dolphins quarterback Dan Marino reportedly lost close to $14 million after a bad investment in 2012. And former quarterback Vince Young, who spent six seasons in the NFL, made headlines in 2013 for defaulting on a $1.9 million loan…

4 Damaging Lies the Media Tells About Women and Money

May 12, 2015

Sure, it’s a wildly entertaining, if not guilty, pleasure for many of us, but does any of it represent actual reality? If The Real Housewives franchise, The Bachelor, or any of the Kardashians’ shows were an accurate reflection of women, one could come to the conclusion that, as a collective, we have about zero fiscal sense between us…

For Retirees, Downsizing Has Many Upsides

Apr 20, 2015

If you are getting on in age and still own the home you bought when your kids were young, you’ve probably given some thought to downsizing. Many homeowners figure they’ll downsize someday, but few eventually take the plunge.

Alan Biederman did a year ago, when he sold his four-bedroom home in Hazlet, New Jersey. Biederman, a 61-year-old magazine production manager, intends to retire in June and relocate to Rodgers, Minnesota, where he and his wife recently bought a newly built two-bedroom town home for much less than the sale price of their former home…

Financial Wellness: Coming to an Office Near You

Mar 09, 2015

More employers are concerned about whether their workers are saving enough...and not just for retirement.

More than 90 percent of 250 large employers said they want to introduce or expand their financial wellness programs this year…

Who’s Worst with Money: Baby Boomers, Gen X or Millinnials?

Mar 05, 2015

A new report confirms what we all fear to be true: Americans, no matter their age, are generally terrible at managing their money. In short, we all need to save more. A lot more.

This insight comes from Financial Finesse, a think tank geared toward helping people reach financial independence and security, in its 2015 generational research study released today. Financial Finesse’s assessment of each generation’s financial health is based on employee responses to its financial wellness questionnaires, which is used at more than 600 companies in the country…

Gen Xers Are Doing the Worst Job with Money: Survey

Mar 04, 2015

Each generation has its distinct challenges. That’s especially true when it comes to money.

Financial Finesse, which runs financial wellness programs for employers, recently studied how millennials, Generation X and baby boomers handle their money. And you may be surprised by what they found…

Expert Interview with Erik Carter on Financial Education

Feb 25, 2015

Erik Carter has worked finance on every level, from a local branch office to the halls of Congress. Currently, he’s Senior Resident Financial Planner with Financial Finesse and also works on their social media team. Erik spoke with us about his company, payments, and the troubling lack of financial understand among Americans…

How Your Workplace Can Help You Manage Money

Jan 29, 2015

When Ced Funches started managing budgets as an art director in his 20s, his employer sent him to a financial education class to help shore up his decision-making skills. The class included an overview of budgeting, saving and retirement investing. For the first time in his life, Funches learned about 401(k)s and how tax-advantaged retirement accounts work…

Financial Wellness ‘Here to Stay’

Jan 08, 2015

Worrying about money affects both the individual employee and their employer. It can lead to stress, physical illness, reduced productivity and delayed retirement. That’s why financial wellness is so important — and it’s gaining popularity in the workplace. “The words financial and wellness were not combined in the same sentence” two decades ago, Greg Ward, chief financial research analyst, said Wednesday during a webinar hosted by Financial Finesse. “Things have come a long way in the last 20 years…

7 Stunning New Findings About Retirement in America

Oct 26, 2014

The majority of Americans have a goal of one day retiring comfortably, but for many, that remains nothing more than a dream.

The reality is that a substantial number of Americans are ill-prepared for their eventual retirement, and the latest study from Financial Finesse, a financial education and counseling company, only reinforces this notion…

Financial Pointers for the 99%

Feb 9, 2014

When Liz Davidson told friends 15 years ago that she was quitting her job running a hedge fund, they thought she was misguided. Then Davidson revealed her new career plan, and they thought she was really nuts.

She launched a company that gives financial guidance to average Americans through their jobs. Employers hire Financial Finesse Inc. to provide…