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Top 10 Financial Wellness Solution Companies - 2020

Financial wellbeing has become more than a ‘buzzword’ now. It is a critical parameter that is directly linked to an employee’s quality of life, opportunities one can pursue, the sense of security, and the society’s overall economic health. Despite its importance, we don’t learn about it in high schools, universities, or even at the workplaces. Today, financial problems have become the top source of stress for both women and men. What is the solution? A well-thought-out financial wellness education program through which employers can help their employees with short-term and long-term financial issues. Also, by implementing financial wellness programs, employers can enjoy the benefit of having happier, healthier, and more productive workforce.

Many organizations already have various financial wellness and employee assistance programs in place. These organizations do provide financial planning solutions that offers a comprehensive view of their employee’s monetary situation. While the intentions behind the financial wellness programs are good, sometimes it tends to overwhelm employees. For employees in stressful situations, complex financial planning can be intimidating. To counter this, organizations are now looking to design holistic programs from an employee’s perspective, which is simple and yet effective in mitigating their financial, mental, and physical health issues.

At this juncture, many financial wellness solutions and services providers are entering the domain with advanced and integrated offerings. To help the financial wellness sector strengthen its operational capabilities and simultaneously enable growth in the sector, HR Tech Outlook has compiled a list of the top 10 financial wellness solutions and service providers. The list comprises prominent organizations in the industry that address issues pertinent to the financial wellness sector by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CHROs and CXOs.

We present to you HR Tech Outlook’s, “Top 10 Financial Wellness Solution Providers – 2020.”

Top Financial Wellness Solution Companies

When employees feel great about their money, their work and wellness can thrive. LearnLux is the leading provider of financial wellbeing that blends holistic digital guidance with Certified Financial Planners™️ to provide independent holistic financial wellness for the modern workplace. Each company we serve enjoys custom lessons, a tailored benefits portal, advanced reporting, and affordable scalability. Our team of CFP®s are true fiduciaries—they never push products or take on personal clients. Our mission? To help employees make financial decisions out of education instead of fear. To learn more about LearnLux, visit learnlux.com

learnlux.com

Alerus

Alerus

It is our mission to provide proactive advice and technology that supports people in their daily lives and guides them on their financial wellness journeys. For our business clients, that approach takes their employee benefits to the next level with an integrated financial wellness program. For our personal clients, it’s a customized approach that empowers them to set and achieve goals and make smart financial decisions. No matter the financial goal or challenge, Alerus supports people and businesses with an array of products and services all delivered through a seamless and personalized experience

Bend Financial

Bend Financial

Bend Financial is revolutionizing health savings accounts (HSAs). This Boston-based technology and services company provides HSA and financial wellness solutions to individuals, employers, and organizations in the group benefits distribution market. Bend’s innovative approach and is re-envisioning the user experience and the consumer’s relationship with their HSA, making the product attractive to all types of healthcare consumers

BrightPlan

BrightPlan

BrightPlan is a leader in Total Financial Wellness. Total Financial Wellness is the trusted solution built to lead all employees to financial success on their own terms at every stage of life. BrightPlan is the first financial wellness solution certified for fiduciary excellence that provides a comprehensive personal finance solution for all employees that is real-time, personalized and integrated with employer benefits. BrightPlan’s mission is to make financial success attainable for everyone. The BrightPlan solution includes an AI-powered digital platform combined with experienced financial advisors. This unique combination of digital and human expertise is used by thousands of employees and supports each aspect of personal financial and wealth management from - financial planning, budgeting, savings, investing, debt management, retirement, and wealth transfer

Brigit

Brigit

Brigit provides transparent, fair, and simple financial tools to help customers spend wisely, avoid unfair fees, and start saving more. Since our private launch in June 2018, we have become one of the fastest growing FinTech companies in the world, despite not doing any PR. So far, Brigit has helped over 200K members save millions. Our team comes from diverse backgrounds, but are united in the fight for our members’ financial security and freedom. With experience at Amazon, Deutsche Bank, Palantir, Two Sigma and more, our experts not only have the tools to solve financial insecurity—they’ve witnessed the problem firsthand. At big banks we’ve seen the injustice of inequality. At leading tech companies we’ve learned to build from the best. Now we’re putting both to use to change lives every day

Financial Fitness Group

Financial Fitness Group

For nearly 20 years, the Financial Fitness Group has provided independent, unbiased and accurate financial education and content to more than 2 million people at thousands of companies. Built on proven academic and organizational research, we offer three modular products: CHECKUP™, CENTER™ and ACADEMY™. Each can be customized to match your company’s brand, technical requirements and overall objectives. Most importantly, we custom build each solution to maximize participant engagement and transformational outcomes

HoneyBee

HoneyBee

HoneyBee is a Certified Benefit Corporation® and the only company that allows employees Emergency Funds at no interest anytime, to help manage unplanned expenses, build credit and pay down debt. We also provide financial coaching that employees need in order to get on a healthy financial path. Affordable for employers, no payroll integration

Mercer

Mercer

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annual revenue of $17 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment.

Picwell

Picwell

Picwell is a healthcare technology company providing leading enterprise solutions to enhance healthcare benefits and improve the consumer experience. Picwell’s flagship offering is a SaaS-based decision support product that uses artificial intelligence to match individuals to the right health benefits during enrollment by predicting future care considerations, estimating out-of-pocket expenses, and accounting for individual preferences. Other solutions support consumerism and high-deductible health plan adoption, consumer engagement, and risk management

Rain

Rain

Rain provides a modern approach to payroll for mid-sized organizations, a benefit that has already been rolled out for companies like Walmart and Uber. Our mission is to regrow individual freedom by giving people control over their income and finances. We are killing predatory financial products like payday loans and overdraft fees