Why BCWB?
Introduction
Why should you choose BCWB for your financial wellness needs? That’s easy!
BCWB has an award-winning financial wellness plan that is effective and affordable. Our program is unique in many ways to include offering one-on-one financial coaching, tailored products and programs, fusion of company benefits during workshops and coaching, high standards for financial coaches, and a business to business sales/relationship model.
Tailored Products and Programs
All seminars, workshops and materials can be tailored or customized for our clients. The extent of customization will depend on the needs of both clients and Wealth Builders which can be determined from verbal feedback or benchmarking services.
Fusion of Company Benefits
Seminars, workshops and coaching sessions infuse company benefits. The employer is a critical part of the financial team and BCWB presenters and coaches make sure each Wealth Builder is aware and exposed to the benefits that will help them to complete and achieve their financial goals.
High Standards for Financial Coaches
BCWBs personals financial coaches are held to very high standards. They must be knowledgeable, nurturing, caring, non-assuming, understanding and non-judgmental. The role of the coaches is to further empower and guide the Wealth Builder to their goal.
Business Relationship is with the institution, not the Wealth Builder
BCWB does not sell directly to the Wealth Builder. Our business model is business to business. Therefore, our fees are paid by the institution and not the Wealth Builder. This model ensures maximum effectiveness for our clients and Wealth Builders by fostering an environment of trust, eliminating the possibility of conflict of interest, and limiting other liability concerns. BCWB is in the business of empowering Wealth Builders through education only.
Business Case
How do you quantify the cost or expenses associated with employee turnover, absenteeism, theft, employee performance or lack thereof, employee production or lack thereof, 401k, stock purchase, and benefits package participation? Everyday, an employee leaves their job for another dollar due to their heavy burden of debt and distress. Everyday, a student drops out of college because of the heavy burden of debt and distress. The expenses associated with these statistics are enormous.
Employees spend 20 hours on the phone each month to deal with their failing finances. Productivity, performance, creativity and leadership skills are all compromised when the employee or student is financial distressed.
It is paramount to understand that the correlation between personal success and professional success. The individual simply can not function professionally at levels necessary to maximize company performance.
By all research and statistics on personal financial wellness training, it is estimated that the ROI exceeds a 3 to 1 margin. For example, if a company spends $30,000 on a financial wellness program, then they will gain $90,000 in increased performance and productivity.
Personal financial wellness training will reduce absenteeism, turnover, increases participation in employee benefit packages including 401k and stock purchase plans, increases loyalty, productivity and performance.
In a fiercely competitive global market, the spend is not only essential but equally justified by the ROI.
Our Program
BCWBs programs are built from the grassroots. All products are proprietary and built within. They are very user-friendly, interactive, effective and applicable. All programs are custom built to fit the needs and environment of our clients and Wealth Builders be it corporate, manufacturing or educational.
Programs can consist of workshops/seminars, Total Financial Wellness Toolkit, Wealth Starter, personal coaching, FinTips and Benchmarking. Other products include an array of 12-Month Financial Wellness Planners for high schools, colleges/universities, medical students and employees.
Any combination of these award winning products or services are sure to bring lasting results for our clients and Wealth Builders to include stronger bottom line profits for both. Implementation of our programs result in higher productivity, lower absenteeism, increased use of benefits and decrease borrowing against 401-k programs.
See Products and Services for more details.
Potent Differentiators
Buckingham Curry Wealth Builders offers products, services and benefits which sets it apart from its competitors. Following are areas where BCWB has potent differentiators.
Different from Plan Providers
BCWB is very different from plan providers such as Fidelity, VanGuard, and the like. The differences include:
- Unlike the plan providers, BCWBs products and services cover the total range of personal financial wellness using our 5 Components of Financial Wellness which include:
- Building Wealth
- Protecting Wealth
- Protecting Income
- Life Planning
- Building a Financial Team
- Plan providers typically just cover retirement planning which is their core competence.
- Plan providers that present to employees have a motive to increase their profits by increasing employee participation in the benefits offered. BCWB does not have an agenda. Their business relationship is with the client (the company). BCWB does not benefit by increased participation in any company benefits; therefore, in the long run, they are able to gain maximum results and participation from employees.
Incorporate Benefits
BCWB incorporates all company benefits into workshops/seminars and personal coaching sessions. This practice increases awareness and participation in company provided benefits. Many times, Wealth Builders are not aware of all benefits available to them. We make sure they understand that you are apart of their financial team.
No direct sales to the Wealth Builder
Unlike the plan providers, BCWB does not sell products or services directly to the Wealth Builder. Our sales model is business to business. Clients and Wealth Builders appreciate and welcome our policy because it creates an atmosphere of trust and ensures that our programs will be most effective.
Confidential
Every conversation and communication with Wealth Builders is confidential. Confidentiality is an important part of building trust and confidence in BCWB. Clients are not provided information about Wealth Builders, but are supplied quarterly reports to monitor usage.
Trusting
Building trust is very important to BCWB with our clients and Wealth Builders. Without trust, Wealth Builders are not as open or relaxed and clients are wary. Creating an atmosphere of trust is a huge part of our value system. It is proven that trust fosters and results in a more effective program.
Impactful
BCWBs products and services impact the bottom line of our clients and the bottom line of our Wealth Builders. We provide our clients with more productive and goal driven employees while empowering Wealth Builders to take control of their finances.
Life Changing
BCWB seeks to empower Wealth Builders with the tools to make life changing improvements to their financial frameworks. Life changing means just that. Wealth Builders are able to live on a budget, decrease debt, increase savings, increase retirement investments increase credit ratings, and build wealth by following our 5 Components of Financial Wellness.