Financial Literacy Resources

Below, you will find two options:

Thank you for helping strengthen our communities through financial literacy!

OPTION 1

Financial literacy assets to help you maintain trusted relationships while embracing tomorrow’s investors

Intergenerational wealth transfer can have an enormous impact on your business. Baby Boomers’ heirs will inherit $40 trillion in wealth — and then over 90% of them will change advisors! The sooner you develop a personal relationship with your clients’ children, the greater your opportunity to forge a long-lasting connection.

The Centsables Financial Literacy initiative can help you take your connections to the next level! This breakthrough multi-media program for kids, teens, millennials, adults and seniors has received numerous awards and industry accolades and is ready to go to work for you today!

Learn More

OPTION 2

Empowering Generations through Financial Literacy

And the program is ready to become your business-building tool!

FSI and our member firms are committed to empowering all generations toward financial freedom. To assist our members, we have collaborated with our Marketing, Growth & Development Council to create resources for FSI members. These resources and tools assist in raising awareness across multiple generations regarding the benefits of financial freedom through financial literacy, and include presentations members can personalize or customize for use in raising awareness among young adults as well as near-retirees and retirees in their local region.

Financial Freedom: Young Adults

Young adults can benefit from a focused discussion of the benefits of financial freedom. While the specifics may vary on an individual level, the high-level focus should include the following benefits: choice, lifestyle, security, emotional well-being, ability to help others, and time to focus on their personal passion. Real success begins with identifying what is important, and then setting goals and steps for success.

Three simple steps can set young adults on the path towards financial freedom:

Financial Awareness in a Changing World

For many people, they have spent a lifetime of hard work to accumulate what they have, and they need to be aware of how to protect their financial interests. Everyone also needs to aware of financial abuse, which largely seems to go unreported. Insight for the greatest generation and baby boomers is important because they have worked hard to get where they are today, and they may not be aware of the resources available to them at a federal level such as social security, Medicare, Medicaid, Low Income Home Energy Assistance Program (LIHEAP), SNAP program, Senior Community Service Employment Program (SCSEP), or Senior Health Insurance Assistance Program (SHIP). Programs may also be available on a state and local level.

Regardless, awareness is important in recognizing three kinds of abuse:

1. Physical
2. Emotional
3. Financial

Financial threats, especially to elders, can include:

• Aggressive lending practices
• Prepayment penalties
• Biased financial tips
• Exploitation by family or friends
• Identity theft
• Mortgages or reverse mortgages

Get the Empowering Generations Through Financial Literacy Resources

Please Note: this material is provided for informational purposes only and is not intended as legal advice. Please consult with your firm’s Legal and Compliance Department and your firm’s policies and procedures, for further guidance related to any specific scenario you may have.

If you have any questions or issues with the form, please contact membership@financialservices.org

Working with an independent financial advisor can help you get on the right track to achieving your financial goals. Click here for resources to help you get started.