Financial Wellness Platform Helps Employees Manage Financial Stress, Make Smarter Personal Finance Decisions
Financial stress, already the No. 1 workplace concern of employees according to a survey by PwC, has escalated further since the pandemic began. One tangible measure of heightened anxiety is that employees are checking their retirement portfolios three times more than normal, according to BrightPlan data. Working with employers, BrightPlan has also found that employees look to their employers for financial guidance during periods of economic uncertainty.
This initiative is intended to assist employers in helping their employees make good financial decisions during the economic upheaval resulting from the coronavirus outbreak. Everyone needs to review their budget and financial goals in light of economic uncertainty and the recent stock market correction.
BrightPlan’s goals-based financial wellness platform addresses each aspect of personal finance – budgeting, spending, savings, debt management, investing, insurance, and estate planning. BrightPlan delivers certified fiduciary advice through its mobile app, integrated with experienced financial advisors, enabling employers to make this benefit available immediately to their employees.
“I founded BrightPlan after a health scare in my family, so that others would have access to better financial advice than I did during a crisis,” said
BrightPlan’s smart budgeting and financial planning capabilities can be particularly useful in calculating the benefit of government assistance programs, which include the temporary suspension of mortgage and student loan payments, the deferral of federal and state tax payments, and penalty free withdrawals from IRAs and 401(k) programs.
“BrightPlan’s financial wellness solution helps employees gain clarity and control of their personal finances during a period of uncertainty,” De Beer said. “For employers, reducing financial stress helps their employees stay focused, which helps organizations achieve their objectives. This is a moment that matters to employees. Providing comprehensive financial wellness support immediately for employees is a way for employers to act now without having to worry about budgets.”
For more information about BrightPlan, please go to https://www.brightplan.com/connect-with-us
This material is for informational purposes only. It should not be used as investment tax, legal or accounting advice or as a guarantee of a certain level of results. All investing involves risk, including the loss of principal. Past performance does not guarantee future results.