According to Financial Planning, offering financial planning as a workplace benefit is becoming increasingly popular among companies seeking to attract and retain top talent. A report by Robert Half International reveals that 65 percent of employers now offer financial wellness programs, which often include executive financial planning.

Financial Planning lists the following as reasons why adding financial planning to executive compensation packages is a smart move:

Financial Planning Helps Recruit and Retain Top Executives

By offering financial planning services, companies can provide executives with personalized, on-demand access to tax consultants, estate planning experts, and investment managers. This allows them to focus on their roles without being distracted by financial complexities, making your company more appealing to in-demand talent.

Financial Planning Helps Avoid Costly Mistakes

Executives are hired to drive growth, not manage their portfolios. Missteps like missing a filing deadline, failing to comply with insider trading rules, or mismanaging stock options can result in serious reputational damage for the executive and the company.

Financial Planning Can Boost Mental Health

Offering financial planning services relieves financial burdens, leading to improved mental well-being. Executives can rest assured that their taxes are managed, estate plans are secure, and portfolios are on track—resulting in a higher quality of life and better focus at work.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and preserve and protect their practice in any transition they make.