National commercial security solutions and managed services company; 450+ employees
A lack of engagement by previous advisor left employees without a strategy to meet their retirement goals, while large cash balances indicated a lack of financial education by the previous advisory group. Inadequate and expensive investment options were available and did not include a Roth 401(k) offering. Some fiduciary concerns were: No Investment Policy Statement (IPS), formal Investment Committee or annual review. On top of all this, the current record-keeping platform was administratively burdensome and required many manual processes.
Individual experiences referenced above may not reflect the future experience of any one client. Past performance is no guarantee of future results. Wells Fargo Advisors Financial Network and Seventy2 Capital are not tax or legal advisors. You should consult with your attorney, accountant and/or estate planner before taking any action. Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies. Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), Member SIPC. Seventy2 Capital is a separate entity from WFAFN.