The goal for financial professionals is not only to help clients with investments but also to help them keep those investments and their personal information safe. Identity theft protection is a crucial topic for financial professionals to discuss with clients. That is why for National Identity Theft Prevention and Awareness Month we want to provide some key tips you can share with your clients:
Topics: Financial Advising, Financial Technology, Independent Financial Advisor, Client Relationships, phishing, Email, Financial Literacy, financial stress, Advisor Tools, Identity Theft, Identity Theft Protection, Client Tips
May is National Mental Health Awareness Month and we wanted to highlight how finances can gravely affect someone's mental health. The constant need to balance your budget and constantly accounting for your rent/mortgage, paying for groceries, paying for bills, medical expenses and the need to save for retirement can be overwhelming for many people. According to the American Psychological Association, roughly 72% of adults report varying levels of stress that result from worrying about finances and 44% say their finances are the leading cause of their stress, meaning almost 3/4 of adults in the US will suffer from financial stress. With this article, we want to spread awareness of the negative impact of financial stress and the different coping mechanisms you can use to combat it and keep your mind at ease.[1]
Topics: Financial Literacy, finance, saving, financial stress, mental health