Empowering Employers & Employees: The Value of Group Savings Plans

The positive societal impact of widespread financial literacy and well-being cannot be overstated. In an era where economic stability is increasingly uncertain, our commitment to contributing to a financially informed and resilient society through employer savings plans is a privilege and a responsibility for us as advisors. It’s about laying the groundwork for a future where financial wellness is a norm, not an exception.

A report from the Investment Funds Institute of Canada underscores the benefits of working with financial advisors. The study reveals that on average, individuals who consult with financial advisors have nearly three times the net worth and four times the investable assets of those who do not, a trend consistent across various age groups and income levels. These findings highlight the significant long-term advantages of financial advisory relationships. ?

At McAuley Financial Services, we believe employer savings plans are critical to creating workplace environments where employees feel genuinely empowered and valued. By integrating financial education and wellness into the workplace, we not only enhance employee satisfaction but also contribute to their long-term financial stability.

For almost 50 years, we’ve been working with employers to service and champion savings plans for their employees. These plans have been pivotal for addressing employees’ immediate financial concerns and guiding them toward their financial aspirations. Financial security is fundamental to mental wellness and productivity; employees who are less anxious about their financial futures are more focused, engaged, and productive in their roles.

Our mission at McAuley Financial goes beyond providing advice; it's about building financial literacy at every level. When advising employers on structuring effective savings plans, we focus on the holistic benefits – from enhancing individual financial security to nurturing a financially savvy culture. We meet with employees one on one throughout the year, craft plans tailored to each employee's unique journey and deliver on-site lunch and learn presentations. Our approach, focused on financial wellness, retirement readiness, and supporting employers and their employees, is about more than numbers – it’s about people.