This video is titled “Financial Wellness for Advisors – Paul Mahan Commonwealth Financial Network” and features Paul Mahan of Commonwealth Financial Network discussing financial wellness and how it has evolved over the past few years.
Here’s a summary of the video content:
- Introduction: John Sullivan from 401k Specialist interviews Paul Mahan about Commonwealth Financial Network’s financial wellness education and enrollment efforts.
- Commonwealth’s Approach: Paul explains that Commonwealth has taken a proprietary approach to financial wellness education, creating content that their advisors can brand according to their needs. This content ranges from basic topics like asset allocation to more advanced subjects like Social Security.
- Evolution of Financial Wellness: Paul discusses how financial wellness has evolved from traditional lunchroom meetings focused on deferral rates and basic investing to a more holistic approach. This new approach includes aspects such as budgeting, paying off debt, and overall financial health.
- Current Educational Materials: The educational materials that Commonwealth created are now available and have been in use for about a year and a half.
You can watch the full video here.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.