In an interview, columnist Veronica Dagher for “The Wall Street Journal: Wealth Adviser” interviewed David Giertz, President, Nationwide Financial Distributors at Nationwide Financial, about social security. He states that Nationwide conducted a survey of about retirees and people 10 years until retirement; within this survey they found most people claimed their advisers were not talking to them about social security. It should be imperative to communicate and make sure their clients retain inform about their social security. Moreover, Mr. Giertz feels that social security can be overwhelming because it is complex, the handbook contains 27,000 rules, and some advisers may not be confidence or comprehend all the rules. Lastly, he touched on how social security can be 40% of retirees’ income and that people who turn social security on too early can lose up to $300,000 over 25 years.
David Giertz is a financial adviser for Nationwide in Dublin, Ohio since 2006. David’s ethos is proven with his forty-two years of experience and the passing of four exams: August 16, 1986, David passed The General Securities Representative Examination: General Industry/Product, November 16, 1987, he passed The Uniform Securities Agent State Law Examination (NASSA): Sate Securities Law, July 15, 1996, he passed the General Securities Principal Examination: Principal/Supervisory, and on August 18, 1995, David passed the Municipal Securities: Principal/Supervisory exam. He is a registered FINRA Broker who works for firms that buys and sells “stocks, bonds and mutual funds and other investment-related products.”
Furthermore, Giertz has no recent disclosure, (“Financial Advisors are obligated to disclose any events that may influence their professional conduct or ability to advise their clients. Can be criminal matters, regulatory actions, civil judicial proceedings, customer complaints, employment terminations, arbitrations, civil litigations or other financial matters in which the advisor has been involved”) nevertheless, he has a total of six throughout his career. Thus, making hi more credible because he reported such events and that disclosures have not occurred lately.