David Giertz of Nationwide Financial, shared in an interview with Veronica Dagher, a columnist and wealth adviser for Wall Street Journal, that today’s financial services advisors are not thoroughly discussing social security with their clients and some aren’t at all. Mr. Giertz said that a survey of consumers revealed that 4 out of 5 client’s advisors were not discussing social security. The problem could be that the social security handbook itself has over 300 rules and that could deter many advisors from going though it or feel confident enough to adequately discuss it with their clients. David Giertz feels that advisors should in fact take an interest because they’re part of the client’s retirement planning process and social security could be included up to forty percent of that plan. If a client switches on social security too soon, they could lose up to $300,000 over twenty-five years which is equivalent to losing a $1,000 each month. He stresses that it’s important for the client to optimize their retirement income and social security plays a large role in doing that.
David Giertz is an expert financial services advisor and has well over thirty-two years of experience. He is a registered broker with the Financial Industry Regulatory Authority, Inc., in the U.S. and currently serves as the President of Nationwide Financial’s Sales and Distribution Organization. David Giertz has passed four exams throughout the years including the General Industry & Products Exam and the State Securities Law Exam.
Prior to his leadership at Nationwide Financial, David Giertz served as a financial services advisor for Citicorp Investment Services from the years of 1991 to 1999. He also used to work at Financial Horizons Security Corporation from 1983 to 1993. Mr. Giertz is a Certified Business Coach through the World Association of Business Coaches and received a world class Gallup score. David Giertz attended the University of Miami and obtained his M.B.A. degree and he also received an undergraduate degree from Millikin University in Decatur, Illinois.