Back to Blog
An advisor at the Wealth Innovation Group in Utah, Clay Erickson focuses his practice on tax reduction strategies, retirement planning, safe-money investing, and assisting attorneys, CPAs, and their clients. To better serve his clients as well as support the financial community, Clay Erickson of Utah maintains membership to multiple professional organizations, including the National Association of Insurance and Financial Advisors. Founded in 1890, the National Association of Insurance and Financial Advisors (NAIFA) is a membership organization that regular advocates for legislation on behalf of its members. In April 2019, NAIFA responded to the proposed Setting Every Community Up for Retirement Enhancement Act of 2019. The Act aims to make it easier for U.S. employers to establish retirement plans for their workers as well as assist Americans in saving for retirement. The NAIFA applauded the proposed legislation due to several key features. It would: 1. Furnish tax credits for both new retirement plans and for plans with an auto-enrollment feature. 2. Save companies money and time by simplifying the process of joining multiple-employer retirement plans. 3. Allow workers who change plans to transfer lifetime investment products. 4. Streamline the process of offering lifetime income options for employers. NAIFA also noted that the majority of its members provide retirement planning services, making the legislation pertinent to their practices. It urged its members and others to support the Setting Every Community Up for Retirement Enhancement Act of 2019.
0 Comments
read more
Back to Blog
With more than 35 years of experience in the finance industry, Clay Erickson serves as an advisor at the Wealth Innovation Group in Centerville, Utah. Among his career achievements at the Utah-based firm, Clay Erickson earned the title of a lifetime member of the Million Dollar Round Table.
A worldwide organization for investment financial services and insurance professionals, the Million Dollar Round Table (MDRT) recently released a study that examines how consumers perceive the role of technology in financial services. MDRT commissioned the study while The Harris Poll conducted an online survey with over 2,000 adult participants in the United States. While more than 95 percent of the study's participants stated that they expect investors to use cutting-edge technology-based tools, 85 percent would prefer to conduct business with a human financial advisor than a robo advisor. Moreover, 88 percent hoped to witness technology complement, rather than replace, human financial advisors. Correspondingly, participants cited the unique opportunity to establish a trusting relationship with a human financial advisor as a significant factor in the industry. The study also furnished millennial-specific data. When compared with other poll participants aged 45 and older, millennials were two times as likely to believe robo advisors could one day entirely supplant human advisors in financial planning. Additionally, 52 percent of millennials said they would trust a robo advisor, instead of a human advisor, to efficiently manage their financial plans.
Back to Blog
Utah’s Clay Erickson is a finance professional with 35 years of experience. In his role as a financial agent with Wealth Innovation Group in Centerville, Utah, Clay Erickson creates an encouraging work environment for his employees by focusing on positive leadership.
According to research collected by Gallup, positive leadership encourages better employee engagement, higher office morale, and increased performance. Here are three tips for those who want to embrace positivity as a leadership principle: 1. Encourage your employees. A leader with a talent for positivity gives directions or delegates tasks in a way that makes employees feel motivated and hopeful, not discouraged. Highlighting employees’ talents instead of drawing attention to their weaknesses is another excellent way to inspire employees in the workplace. 2. Keep complaints to yourself. Leaders don’t bemoan problems - they identify challenges and look for solutions. Ignoring the impulse to complain in times of frustration sets a positive example for employees and may encourage them to follow suit. 3. Create educational opportunities. Positive leaders are committed to helping their employees pursue new job skills and professional abilities through training programs and continuing education. This makes employees feel valued, increases their loyalty, and creates a more positive work environment. |