Services We Provide That All Fiduciaries Should

Wellspring Financial Partners is committed to making your ERISA retirement plan work for you the employer, and the employee. We do more than just what is required by ERISA, we do what is needed to make your plan work!

Compare the list below, which all fiduciaries should to the services we provide.

Investment Policy Statement Development
Investment Policy Statement Review
Periodic Investment Scorecard Reporting – Investment Review
Facilitate Plan Committee Meetings
Record Keeper Vendor Management
Vendor Fee Benchmarking
Availability to HR Staff for Emerging Issues

Stressed employees struggle with much higher credit card balances and are nearly five-times more likely to say their finances have been a distraction at work (“Employee Financial Wellness Survey”, 8th Annual PwC Study).

Financial Stress and Credit Stress
71% of all employees’ report being likely to participate in an employer-based rainy day savings program, a figure that increases to 87% if there were some type of employer match (“How To Get Employees To Save For Emergencies”, Dr. Shlomo Benartzi, Wall Street Journal, February 18, 2020)

Emergency Savings
Financial stress impacts retention in that there is an over 50% increase in employees who say that they would be attracted to another company that cared more about their financial well-being (“Special Report; Financial Stress And The Bottom Line”, PwC , September 2017)

Financial Stress and Retention
Half of all American households will see their standard of living drop in retirement (Center For Retirement Research (Boston College, October 2019)). Most households will see their annual spending decline by $10,000 in retirement, with some being as high-income earners seeing drops of $30,000 (“Your Rich Neighbor May Cut Spending More Sharply In Retirement Than You Do”, Penelope Sharp,…

Drop in Retirement Standard of Living
For employees who report being stressed about their finances there is a 70%-80% greater likelihood of their health suffering and / or relationships at home being negatively impacted. (“Special Report; Financial Stress And The Bottom Line”, PwC , September 2017)

The Health Effects of Financial Stress
For those affluent households who understand finances and the risk / return characteristics, net worth was found to be 200% greater than the control group, and up to 350% greater compared to below-average risk tolerance (“An Evaluation Of The Risk-taking Characteristics Of Affluent Households”, Michelle Kruger, et al, Journal of Financial Planning, July 2017)

The Value of Financial Knowledge
Volatility isn’t risk, unless you react to it

Nick Murray
Fiduciary: “one who acts in utmost good faith, in a manner he or she reasonably believes to be in the best interest of the client.”

CFP Standards of Professional Conduct
“Everything in life, individually or socially, is a trade-off. We determine the risk levels we’re willing to tolerate.”

Robert Merton
“The curious task of economics is to demonstrate to men how little they know about what they imagine they can design.”

Friedrich Hayek

Contact Info

4703 E. Camp Lowell Drive
Suite 135
Tucson, AZ 85712
Monday - Friday: 8:00am-4:30pm

1-844-203-2402

info@wellspringfp.com

https://www.wellspringfinancialpartners.com

Wellspring Financial Partners is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Wellspring Financial Partners and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Wellspring Financial Partners unless a client service agreement is in place.
© 2016-2020 Wellspring Financial Partners. All Rights Reserved.

Services We Provide That All Fiduciaries Should

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