Donald Simon, Simon Financial Company (North Fulton Business Radio, Episode 369)
How do you retain key talent in today’s hypercompetitive labor market? Veteran financial advisor Don Simon, owner of Simon Financial Company, offers one answer in the form of a Talent Retention Plan. He joined host John Ray to discuss the details. North Fulton Business Radio is broadcast from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta.
Simon Financial Company
Simon Financial Company is a nationwide specialty advisor with 35+ years of experience serving a diverse mix of over 350 business owners and their executives. Their overall mission is to increase and preserve the value of their business so that the business owner can achieve their dreams and visions.
Most business owners think their plans are in order, but most need a more comprehensive and up-to-date plan. Failure to do too often results in large financial losses that can ruin a company. As part of an overall plan, if needed, they provide customized and very affordable life, disability, and long-term care coverage and retirement annuities with 25 top-rated insurers. Their 97% annual client retention rate speaks well of their prompt, professional service.
Donald Simon, CFP, ChFC, CLU, Owner, Simon Financial Company
Don Simon has owned Simon Financial Company in Marietta, Georgia for more than 30 years. Don specializes in working with all types of companies with up to 2,000 employees nationwide.
Don is a Certified Financial Planner (CFP) with the College for Financial Planning, Washington DC and Denver, Co. Don is also a Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU) through The American College, King of Prussia, Pennsylvania. He is also a Life Underwriter Training Council Fellow (LUTCF) through the National Association for Financial Advisors (NAIFA) Falls Church, VA. and is also a Member of NAIFA. This knowledge coupled with over his many years of experience is an important commitment to advise each client properly.
Don has a B.A. in Business Administration from Oglethorpe University, Atlanta Georgia. He is a Member of the Marietta Business Association (MBA), and is the author of The Zen of Personal Finance (you may buy a copy at Amazon.com books or contact Don for a complimentary copy).
Questions and Topics in This Interview
- What is a Talent Retention Plan for companies?
- Why are they important to the company?
- Which executives should companies include in this plan?
- Exactly how do they work?
- Are they expensive?
- What happens to the money in the plan if the executive leaves before they become vested?
- What alternatives to this plan do companies have?
North Fulton Business Radio is hosted by John Ray, and broadcast and produced from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta. You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, Stitcher, TuneIn, and others.
Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has grown to become one of the Southeast’s strongest financial institutions with over $13 billion in assets and more than 190 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida. All of Renasant’s success stems from each of their banker’s commitment to investing in their communities as a way of better understanding the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.
