As focused as you are on your C-suite obligation, no executive can afford to overlook their own financial planning paid NTWealth
At the same time, your employer has a vested interest in helping you—one of their senior executives—succeed, and not just in your job, but in your wealth management as well. Why? Because when you’re not worried about your financial assets, you’re better able to focus on leading the business.A Forbes Insights and Northern Trust survey of 500 corporate officers shows that 75% of C-suite executives describe themselves as knowledgeable when it comes to wealth planning and investment management.
On top of all this, “there are deferred compensation plans to consider, as well as timing for stock transactions plus the need to follow regulations for trading by executives of public companies,” continues Nauheimer. “It can be challenging for an executive to be completely knowledgeable about their compensation and benefit plans, yet these plans are critically important to their personal wealth plan.
Still, “the needs and goals of the company, its employees and investors are all closely aligned with those of the C-suite executive,” adds Nauheimer. “Your employer wants you to be able to focus your efforts, creativity and problem solving on the business and not worry about your financial future.
The key advantage for any company, she says, is economy of scale. “It takes a great deal of time to address all the questions from any financial advisor about a company’s C-suite compensation and benefits programs,” says Nauheimer. But by working with an approved list of advisors “there are fewer new advisors to brief or bring up to speed on basic processes.”
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