Ascensus Enhances Financial Wellness Through Strategic Partnership
Ascensus Strengthens Commitment to Financial Wellness
Ascensus has announced an extension of its partnership with Financial Finesse, a leading provider of unbiased financial coaching. This collaboration underlines Ascensus' commitment to helping both advisors and plan sponsors enhance the retirement preparedness of participants. By integrating innovative financial wellness solutions, they aim to improve overall financial health.
Innovative Financial Solutions for Better Engagement
Since 2018, Ascensus has integrated Financial Finesse's offerings into its suite of financial wellness tools, including the READY SAVE app, strategically developed for retirement plan participants. The partnership has also seen the introduction of Aimee, an AI-driven financial coach, which was the first of its kind to be adopted by a recordkeeper in 2021. A recent study revealed that users of Aimee experienced a 60% increase in their overall financial wellness scores, demonstrating the significant impact of AI in personal financial coaching.
Encouraging Positive Financial Behaviors
Financial Finesse focuses on promoting vital participant behaviors such as reviewing retirement goals and maximizing employer matches. By combining dedicated financial coaching with advice from plan advisors, they aim to elevate the financial wellbeing of employees across various sectors. Participants utilizing Financial Finesse services have reported impressive outcomes, including:
- 99.2% of users reported feeling better prepared for financial decisions.
- 90.9% felt more secure about their financial futures following coaching sessions.
- 80% of participants took proactive financial actions within 30 days of engaging with a coach.
- 63% of those lacking emergency savings now have accumulated at least $1,000 for unexpected expenses.
Supporting Advisors and Plan Sponsors
Plan sponsors are also reaping the benefits of this partnership, using the data provided by Financial Finesse to evaluate the effectiveness of their plans and the overall financial wellness of their workforce. Financial advisors seeking modern retirement solutions can leverage these resources to extend their practices, catering to participants who may not require fee-based financial advice just yet. This forward-thinking approach has earned Ascensus the prestigious Advisor Choice Award in the Financial Wellness category for small market plans.
Voices of Leadership
Jason Crane, head of Core Retirement at Ascensus, expressed enthusiasm about the potential of this partnership: "The opportunity for this unique solution to benefit our clients for years to come is exciting. Our priority is empowering savers to take control of their financial wellness, and Financial Finesse has been a critical partner in achieving higher plan engagement and encouraging more savings."
Liz Davidson, founder, and CEO of Financial Finesse, echoed this sentiment, stating, "We are thrilled to deepen our relationship with Ascensus. This expanded partnership highlights their commitment to innovation and support for retirement plan advisors, enabling us to help millions improve their financial lives for a more secure future."
About Ascensus
Ascensus is a prominent provider of tax-advantaged savings solutions, offering technology, services, and expertise that assist millions in saving for their financial futures. With a diverse range of offerings, including retirement plan solutions, third-party administration, and education savings programs, Ascensus is dedicated to enhancing the success of its clients and their participants.
About Financial Finesse
Financial Finesse stands as a leader in the independent provision of financial wellness coaching in the workplace. Since its inception in 1999, it has empowered numerous organizations to elevate their employees' financial security through complimentary, employer-sponsored financial wellness programs. With a suite of personalized coaching options and innovative tools, Financial Finesse aims to transform how employees manage their finances. For more details, visit their website.
Frequently Asked Questions
What is the nature of the partnership between Ascensus and Financial Finesse?
The partnership focuses on providing unbiased financial coaching and resources to enhance participants' financial wellness and retirement preparedness.
How does the AI-powered coach, Aimee, assist users?
Aimee delivers personalized financial coaching and has significantly improved users' financial wellness scores by 60%.
What are some reported results from participants using Financial Finesse?
Participants have reported improved preparedness for financial decisions and a higher tendency to take proactive steps towards their financial goals.
How does the partnership benefit financial advisors?
It equips advisors with tools to meet the needs of participants who may not yet be ready for fee-based financial advice, enhancing their service offerings.
What is Ascensus’ mission?
Ascensus is committed to enabling tax-advantaged savings and enhancing the financial futures of individuals through innovative technology and dedicated services.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Kayne Anderson Energy Infrastructure Fund: Q3 2024 Financial Insights
- Baird Medical Partners with ExcelFin: Strategic Business Move
- Exciting Growth Forecast for Forklift Trucks Market Through 2028
- Automated Microscopy Market Set for Major Expansion Through 2028
- Mullen Automotive's Strategic Financial Moves Explained
- ClearSign Technologies Makes Strategic Shift from China Market
- Axsome Therapeutics' Strategic Financial Move: Loan Agreement Amended
- INVO Bioscience's Strategic Cash Advance Enhances Financial Stability
- AtlasClear Holdings Enhances Financial Strategy for Future Growth
- Idea Financial Expands Lending Capacity with $50 Million Facility
Recent Articles
- Peloton Overcomes Legal Challenge from Shareholders After Decline
- DivaDance Launches New Locations in Sarasota & Bradenton
- Upcoming Earnings Reports from Key Companies You Should Watch
- Saalex Corporation Strengthens Position with New HQ in D.C.
- Key Economic Indicators to Watch This Week for Insights
- Federal Reserve Closes Case on Citigroup's Anti-Money Laundering Practices
- JPMorgan Expands Canadian Asset Management Workforce Significantly
- UPEXI's Recovery Strategy After Stock Drop to $0.18
- McCormick's Performance Boosts Revised Ratings and Forecast
- IX Acquisition Corp. Reaches New Heights in Stock Performance
- Dockworkers' Strike: Navigating Economic Uncertainties Ahead
- Novo Nordisk's Strategies to Tackle Port Disruptions Affecting Supply
- Understanding Economic Disparity: Insights from Suze Orman
- Understanding the Recent Surge of ProShares UCO Amid Tensions
- Cholesterol Testing Market Growth Projections to 2033
- Airbnb Shares Face Pressure Amid Middle East Tensions
- How the ILA Strike Disrupts Supply Chains from Coast to Coast
- Teva Introduces Affordable Generic Sandostatin in the U.S.
- Insights on the RF Filter Market Growth and Trends Ahead
- Geopolitical Tensions Cause Bitcoin to Drop Below $62K Threshold
- Potential Surge for Meme Coins Linked to Trump's Influence
- DraftKings Sees 14% Surge: Smart Investment or Caution Ahead?
- Innovative Cooling Solution Revolutionizes Dairy Industry Operations
- Gritstone Bio's Strategy Shift As Investor Sentiment Wanes
- Transforming Healthcare: The Impact of ABCD Technologies
- New Fortnite Update Empowers Parents With Playtime Controls
- Significant Sale of Grocery-Anchored Power Center Announced
- Toyota Motor's September Sales Insights and Electrification Trends
- Understanding NNN REIT Inc's Earnings Performance and Insights
- Exploring Rubrik's Rise in Data Protection and Cybersecurity
- FCCI Specialty Insurance Company Unveils New Coverage Options
- Kick Off the NFL Season with Big Sipz's Tailgate Tour
- Chef David Chang Partners with Meyer Cookware for New Line
- California's Shift in Insurance: Adapting to Future Challenges
- Document Security Systems Inc Faces Challenges Amidst Low Stocks
- Vizsla Silver Discovers High-Grade Silver and Gold Riches
- Precision Optics Sees 52-Week Low Amid Financial Resilience
- MQT Stock Reaches New Heights with 52-Week Peak Performance
- Surge in Overnight Borrowing Rates Indicates Market Tensions
- Massive EV Tax Rebates of $2 Billion Transform Vehicle Sales
- U.S. Implements New Tariffs on Solar Panel Imports from Asia
- Micron Technology's Growth: High-Margin Innovations and AI Impact
- New Fortress Energy Investors: Protecting Your Interests
- Explore Life Lessons in The Mistakes That Made Us Anthology
- Broad Arrow Auctions Unveils Exciting Chattanooga Auction Catalog
- Ripple Gains Momentum with Approval for Digital Payment Services
- The Transformative Effects of Election Year on AI in Trading
- ZJK Industrial Co., Ltd. Celebrates Successful IPO Closing
- Understanding Short Interest Trends for Iveda Solutions (IVDA)
- Toshiba Global Commerce Solutions Showcases Retail Innovations