Weigh House Investor Services provides personal financial planning and investment consulting services to corporations, universities and colleges, and other organizations for the benefit of their employees. All Weigh House corporate services can be tailored to customers’ specific requirements, in collaboration with their human resource specialists.
Education in the Workplace
Our education programs comprise:
- Personal financial planning and investment seminars.
- Retirement workshops.
- The essentials of your organization’s total compensation program – pension plan, registered retirement savings plan, stock purchase plan and stock option plan.
Counselling Services for High Value Employees
Weigh House’s one-on-one counselling services for executives and high-value employees include:
- Financial planning
- Portfolio assessment
- Investment monitoring, and
- Tax preparation, estate planning and insurance auditing.
Financial Coaching for all Employees
Designed to offer basic support for all employees, this service provides telephone consultation on any topic relating to personal financial planning or investment management. All questions and concerns are addressed by one of Weigh House’s Investor Consultants.
Benefits
Weigh House corporate services offer benefits for both employers and their employees. These services:
- Promote greater responsibility and self reliance for personal finances and retirement planning.
- Reduce employee stress and lost productivity due to concerns over financial well being.
- Enhance the attractiveness of your organization’s total compensation program, thereby increasing employee retention and aiding recruitment efforts.
- Represent visible and valuable manifestations of an employer’s fiduciary responsibilities to its employees for their personal financial affairs.
New Retirement Challenges
While individuals are ultimately responsible for their investment decisions and retirement incomes, many organizations are recognizing the new challenges faced by mid-life employees preparing for their retirement years. These challenges include:
- The shift from ‘defined benefit’ to ‘defined contribution’ pension plans.
- Last year’s market collapse that significantly eroded retirement savings.
- A long period of low interest rates which has rendered GICs and government bonds unattractive.
- More complicated investment alternatives, such as income trusts, hedge funds and derivative-based products.
The elimination of mandatory retirement, coupled with the potential for pension shortfalls have added further complexity and confusion, such that many employees are ill equipped to make the critical decisions necessary for happy and prosperous retirements. In response, progressive employers are providing educational and financial planning services to help these employees prepare for life after work. In doing so, they are demonstrating a higher ‘duty of care’ for these individuals.
A recent ‘Best Employers in Canada’ employee survey indicated that fewer than half of employees believe they are saving enough for retirement.
Financial security for employees is more readily achieved with guidance from a fiduciary, rather than an individual representing investment or insurance products.
