Better Outcomes Through Financial Literacy and Education

Financial Wellness programs offer employees and constituents assistance with their personal financial lives through a combination of financial literacy education, financial counseling, and financial advising.

Offer a valued benefit with a Financial Wellness Program designed to improve financial stability and reduce financial stress. Research has shown Financial Wellness Programs have a significant positive impact on both people and businesses, which is why 90% of large employers expect to offer a Financial Wellness Benefit within the decade.

Purposeful Finance offers low-cost Financial Wellness Programs and financial planning seminars for small businesses, non-profits, schools, and religious organizations. Educational programs are presented to provide unbiased information and help improve the financial lives of attendees. No sales pitches are allowed before, during, or after the seminars.

If you would like to bring financial literacy education to your organization, contact us using the button below.

Proven Return on Investment

The direct ROI can be as much as 300% or more according to the Consumer Financial Protection Bureau (CFPB).
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Research shows benefits including:

  • Increasing productivity

  • Strengthening employee engagement

  • Improving retention

  • Boosting company loyalty

  • Savings on healthcare costs

  • Decreasing absenteeism

  • Lowering 401(k) administration expenses

  • Reducing company liability 

 

Education, not sales

Seminars are education-focused and designed to assist attendees with managing money, responsibly using debt, and planning for their future. As a nonprofit, our seminars have no hidden agenda for commissioned product sales.

Seminars are offered by Joshua Escalante Troesh CFP, a Tenured Professor of Business and fiduciary financial adviser.
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Seminar Topics

Over 200 ‘standard’ seminars are available and custom curriculum can be created for your organizations’ needs.

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Example Topics

  • Building a Budget that Doesn’t Control You

  • Investing Fundamentals, Myths, & Lies

  • Planning and Affording Your Child’s College Education

  • Understanding the Benefits of Your Company’s Benefits

Workplace Financial Wellness Programs Reap Major Benefits for Employers & Employees

Offering a workplace Financial Wellness Program at your company can benefit both your employees and your organization’s bottom line. Financial Wellness Programs offer employees education, guidance, and advice related to budgeting, debt management, investing, and saving for retirement. For employers, the direct return on investment could be as much as 300% or more according to a report by the Consumer Financial Protection Bureau (CFPB), a federal government agency.

“Within a decade, 90% of large firms say financial wellness programs will be part of a standard benefits package.”
— Merrill Lynch Bank of America

Companies which have offered Financial Wellness programs have seen benefits from increases in employee productivity, engagement, retention, and loyalty. Companies also benefit from reductions in healthcare costs, absenteeism, 401(k) administration expenses, and liability. 

Benefits to Employers

Companies with a Financial Wellness program saw the main benefit of their program as increasing employee retention (56%), improving employee well-being (50%), and enhancing employee productivity (46%); according to a survey of HR professional by the global accounting firm Ernst & Young. The benefit of increased retention and productivity are obvious to employers. But increasing employee financial well being also has benefits to the bottom line beyond simply happier employees.

Improved Perceptions of Compensation & Benefits

A Price Waterhouse Cooper (PWC) study found employees who are stressed about finances are more than twice as likely to say their compensation is not keeping up with the rising cost of living expenses as those who are not stressed about finances. And financially stressed employees are also 12% more likely to view company benefits as non competitive when compared to other employers. This is especially concerning for companies who question whether the cost of other benefits are worth the investment.

Enhanced Recruiting Efforts

Employers can see their costs relating to recruiting new employees shrink as well. The same PWC study found employees who are financially stressed are less likely to be proud of their employer and less likely to recommend their employer as a great place to work. The cost of financial stress can have long-ranging implications considering employee referrals is often the best source of recruiting the best employees.

Boosted Productivity

30% of employees think about personal finances while on the job, according to an Employee Benefit Research Institute (EBRI) study. And the PWC study found 46% of the distracted employees spend three or more hours per week dealing with personal finance issues while on the job. Solving the financial issues in employees lives’ can improve productivity by nearly 10% assuming a 40-hour work week.

“Employees’ engagement in personal business, including personal financial activities while at work . . . were estimated to cost employers an average of $8,875/employee each year.”
— Financial Literacy and Workplace Outcomes: Presenteeism and Absenteeism, Aimee D. Prawitz, Ph.D.

About the Presenter

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Joshua Escalante Troesh, CFP, is a Tenured Professor of Business and a fiduciary financial adviser. He was voted the #1 financial adviser nationally by the Investopedia Adviser Insights audience*; holds an MBA; and has been quoted in Consumer Reports, Forbes, CNBC, U.S. News & World Report and other media.

Tenured Professor

Joshua has written Personal Finance curriculum adopted by numerous California colleges and accepted by the Cal State University Chancellors Office as meeting General Education requirements for all Cal State Universities. He has nearly two decades experience teaching Personal Finance and business concepts and making them relatable and understandable to the average person.

20 YEARS OF FINANCIAL SERVICES EXPERIENCE

Joshua’s experience in financial services dates back to the late ‘90s when he was the Director of Marketing for an independent tech-investment research firm. He was also a Vice President for a federal credit union prior to the 2008 recession.

Currently he is the founder of Purposeful Strategic Partners, a fee-only and fiduciary financial planning firm specializing in working with business owners and young families.

Ranked #1 Advisor Nationally*

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Education-Only 

Educational programs are presented to provide unbiased information and help improve the financial lives of attendees. Presenters are required to be legally held to the fiduciary standards and are not allowed to be licensed to sell commissioned financial products.

No sales pitches are allowed before, during, or after the seminars.

Non Profit

Purposeful Finance is a 501(c)(3) nonprofit organization, dedicated to expanding financial literacy by providing low-cost and free financial planning resources. IRS ID: 82-4392585

Program fees are exclusively used to pay for the seminar costs and to support other financial literacy programs.

Financial Wellness Seminars Targeted To Your Goals

Your Financial Wellness program will be customized for the specific needs of your employees, constituents, and organization. After a discussion of your goals and needs, a curriculum will be developed to specifically meet the needs challenging your organization. Below are examples of topics designed to meet specific goals of an organization.

Goal: Increase Benefits Participation Rates

Seminars designed to increase engagement in the employee benefits plan and to help position the company’s benefits package as a desirable component of the total compensation package.

  • Understanding the Benefits of Your Employee Benefits

  • The True Value of Your Company Retirement Plan

  • Lowering Your Taxes with Company Fringe Benefits

Goal: INOCULATE Against Predatory Financial Practices

These advocacy seminars help attendees understand the financial services industry and protect themselves against questionable or predatory practices.

  • Fiduciary Standard: When advice does & doesn’t have to be in your best interest

  • Commissioned Financial Products & Hidden Conflicts of Interest

  • Annuities: The Good, The Bad, & The Predatory

  • How to Interview and Investigate a Financial Adviser

Goal: Attract young talent

These seminars are designed to offer young talent a differentiated benefit and motivation to stay with the organization by dealing with the issues foremost in their mind.

  • Strategically Dealing with Your Student Loans

  • Affording Your Child’s College Education

  • Planning to Purchase Your First Home

  • Personal Finance Steps for the Engaged & Newlyweds

Goal: Support Employees Nearing Retirement

Seminars designed to help those nearing retirement comfortably transition into the second half of their life.

  • Planning Retirement* & Understanding Social Security/Pension

  • Social Security & Medicare Options & Claiming Strategies

  • Annuities: The Good, The Bad, & The Predatory

  • Your Retirement Investment Portfolio and Withdrawal Planning*

Goal: Decrease Financial Stress

Topics designed to help attendees manage their finances, reduce financial stress, and be able to more consistently focus on their job.

  • Building a Budget That Doesn’t Control You

  • Managing Loans and Eliminating Harmful Debt

  • Deciphering & Improving Your Credit Score

  • Investing Fundamentals and Portfolio Management*

  • Tax Planning & Legal Tax Avoidance Strategies

  • Buying Insurance without Overbuying or Overpaying

*For SEC compliance, investment-related seminars are provided through Purposeful Strategic Partners, a Registered Investment Adviser firm. There are no additional costs or changes in the program when this occurs.

Custom curriculum can be created to meet the specific needs of your organization, employees, or constituents.



Give Your Employees the Benefit of Financial Wellness

Please tell us a little about your organization and your needs and we’ll schedule a call to answer any questions you have.