b'22 Partner News Summer 2021EnterpriseFinancial wellbeing with St. Jamess Place: an integral cog in a well-run workplaceSound financial advice boostsThe St. Jamess Place Financial Education confidence and emotional wellbeing,Programme engages with employees at with positive implications for employeesall stages of their career, helping them mental health and productivity. understand their own financial circumstances and empowering them to make informed Companies are increasingly takingdecisions about their finances.employee wellness seriously, with programmes to support mental, physical,Speaking to a financial adviser can and now even financial wellbeing. help employees clarify whats really important to them, identify their long-These employers are realising theyterm goals and put in place a plan to are uniquely positioned to starthelp achieve these goals, ultimately conversations about financial healthsupporting their emotional wellbeing.and promote good money management among their workforce, with benefitsFor more information on the financial for employers and employees alike. the International Longevity Centre foundadvice and wellbeing offering from St. that in addition to benefiting financiallyJamess Placewhether its for you as Financial stress naturally affects employeesover the long term, those who took financialan individual or for your company and over the course of their workingadvice were less worried about their future.employeesplease email iet@sjp.co.ukday, impacting on their productivity, ability to concentrate and ability toThey also felt more confident that theyThe St. Jamess Place Partnership and communicate with colleagues. would achieve their long-term goals and,the titles Partner and Partner Practice through their interactions with an adviser,are marketing terms used to describe Around 4.2m worker days are lost eachfelt more financially literate and able toSt. Jamess Place representatives.year due to a lack of financial wellbeing,understand how those goals would be equating to 626m in lost output.achievedand more empowered to makeMembers of the St. Jamess Place complex financial decisions for themselves.Partnership in the UK represent St. The coronavirus pandemic has in manyJamess Place Wealth Management plc.cases exacerbated financial worries,This sort of support and guidance is whether theyre around a change in incomemore important than ever, which isSt. Jamess Place Wealth Management or ability to pay off debts, and regardlesswhy the IET is working with advisersplc is authorised and regulated by the of an individuals position within theirAndrew Brooks and Alex Vasiliadis of St.Financial Conduct Authority. Registered organisation. Indeed, research has shownJamess Place Wealth Management toOffice: St. Jamess Place House, 1 that a third of C-suite executives andchampion the value of financial advice andTetbury Road, Cirencester, GL7 1FP. three in ten managers have poor financialfinancial wellbeing in the workplace. Registered in England No. 04113955.wellbeing, while employees that earn over 90,000 a year have nearly the sameThrough Andrew and Alex alongside a level of financial worries as those earning4,000-strong network of advisers, St. between 10,000 and 30,000 a year.Jamess Place provides financial education in the workplace as well as advice that Financial advice can be an important factorcovers financial, investment and tax in easing these concerns, in turn promotingplanningalways tailored to an individuals mental health and wellbeing. Research bylifestyle goals and stage of life.'