Financially Fit and Healthy

We deliver this service via seminars or individual coaching sessions, both in person or via electronic media.

Financial awareness and strategies for your financial success 

Our guidance will assist you to:

We provide a structured approach for developing good money habits and addressing personal finances including:

Our objective is to help you develop a basic frame work that is right for you and your circumstances.

While our “Financially Fit and Healthy” programme is targeted toward those in the first half of their careers, it can benefit anyone looking to understand and deal with their finances more effectively.

Employers can also benefit from offering this independent and objective financial education to their staff

Overseas studies show that an individual’s focus and productivity, and thus their careers, can be impacted by concerns about their personal financial circumstances.  Employers have begun to see the benefits, for both the organization and the individual, in offering financial education programmes for their staff.

“The traditional approach (to employee financial education) is to put together presentations focused exclusively on company benefits and how to enrol in them. This approach does nothing to provide a framework for decision making for very different employee situations. Another traditional alternative is to suggest employees find a financial advisor and wash your hands of any obligation and fiduciary liability. Neither approach provides a background for employees to feel more comfortable in their own ability to making increasingly sophisticated decisions regarding their financial future. We feel that people that are economically secure in their own lives are more productive employees.”

— A UPS Corporate Compensation Manager

A 2013 Workplace Benefits Report by Bank of America Merrill Lynch asked employees to rate themselves in terms of personal financial wellness. More than one third (35%) of the employees reported that they fared well and felt that they were at least managing their overall personal financial situation. But 65% fell at the low end for financial wellness. Despite having access to retirement savings plans and health insurance at work, the majority of employees did not feel secure in their personal financial situations.1

In today’s economy, many employees are experiencing financial distress. The numbers are daunting2 :

There have been increases in:

• Employees asking HR for financial help

• Wage garnishments by debt collection agencies

• Employees asking for pay advances

And the effects of financial stress are expensive. Employee financial distress costs employers:

• Increased absenteeism

• Lower productivity

• Increased staff turnover

• Decreased employee health

• Diminished work environment

Our Approach

As a boutique consultancy, our focus and commitment is on our individual client and solutions that work for them, rather than a ‘template solution’.  We have a strong sense of ethics about making sure the work we do has value for every client.

Consultations are with, and presentations by, Craig Wylie, our independent Authorised Financial Adviser whose profile is here

For further information or an appointment please email or phone 04 282 0809.

Adviser Disclosure Statement is available on request and free of charge.

1 2013 Workplace Benefits Report, Bank of America Merrill Lynch. http://benefitplans.baml.com/publish/content/application/pdf/GWMOL/ARKWJKH7.pdf)

2 Based on a Boston Research Group interview of a national sample of 1,000 employers from July 2013 through August 2013 on behalf of Bank of America Merrill Lynch.

Related services:

Career coaching

Financial advice

Retirement Planning

 

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