Ayco Financial Counseling
Physical, emotional and financial well-being are all connected. Think about it — when your money isn’t in the shape you want it to be in, do you feel stressed? You’re not alone. According to a study conducted by Fidelity, the Stanford Center on Longevity and Cornell University, nearly all of those surveyed reported feeling stressed about their overall financial situation in the past three months. Whether an employee stress causes trouble sleeping or an upset stomach, tending to employees financial health is an important part of caring for the whole employee.
Liberty is helping its employees to take control by giving employees access to Ayco financial counseling at no cost to employees. Along with decision support for annual enrollment employees can get:
- One-on-one personalized financial coaching over the phone on benefits and other financial topics
- Benefits seminars online (with live seminars at our largest facilities once we return to our offices)
- Access to Ayco’s digital platform, which can help employees plan for life events and reach their goals. Whether an employee needs help building a budget, making investment decisions, reducing debt, funding a child’s education, planning for retirement or making benefit decisions, there’s a resource for everyone.
- A financial well-being self-assessment (similar to a health assessment) that provides employees with a baseline score based on their current financial situation. Employees can complete actions on their personalized checklist to improve their score and financial well-being.
Employees can take advantage of this program to shore up an important pillar of their overall well-being! Log in to the Portal to access the Ayco website.
Who is Ayco?
Ayco is an industry pioneer and preeminent leader of company-sponsored financial counseling services. For nearly 50 years, Ayco has offered holistic, personalized services providing a path to financial well-being for employees through every stage of career and financial complexity — from entry-level to C-suite. Ayco can help employees make sure their financial life is clear, understood and in control.
What types of help can Ayco provide?
Ayco can help with cash flow, debt management, retirement planning, tax planning, investments, education funding, insurance and more. They are trained in Liberty Mutual benefits and can help employees make the most of them. They understand the kinds of concerns employees may have, given all of the financial uncertainty around the COVID-19 pandemic. Employees are encouraged to schedule a one-on-one call with an Ayco phone coach anytime.
What if employees are not sure where to begin?
Call anyway! Ayco coaches can help employees get started. Ayco coaches are skilled at helping employees organize their financial life and prioritize the employee action steps to promote financial wellness.
How long does a coaching session typically take?
On average, Ayco phone coaching sessions last around 35 minutes.
How often does a coaching session require more than one call?
That will depend on the nature of the call, but most Ayco callers set up a follow-up call.
Can a person ask for the same adviser if there is a second call?
Yes, employees can continue working with the same adviser.
Can spouses/partners contact the Ayco counseling service?
Yes. Once an employee contacts Ayco and provides permission, their spouse or partner may use the phone coaching service.
What types of content are available on Ayco’s digital platform?
The platform includes an optional financial assessment. Complete the assessment to establish the baseline financial score. Employees also receive a personalized step-by-step checklist to improve their financial wellness. There is educational content in the Learning Center and useful tools and calculators. Employees can also access Ayco360, a data aggregation tool that helps organize their financial life all in one place. Employees are not required to use Ayco360 or upload any content, but this can help guide the conversation with their coach.
What type of information might employees want to have available to get the most from their coaching session?
Liberty Mutual employees are not required to use Ayco360 or upload any content. However, employees may find it helpful to securely share information with their coach to make their conversations more efficient.
What happens to employees' information if they stop using Ayco?
Will the information employees share be kept confidential?
What are the qualifications of Ayco’s phone coaches?
Ayco coaches are required to have a four-year college degree and are encouraged to pursue an advanced degree — such as a JD, CPA, MBA or CFP® designation — as part of their development plan. On average, each coach spends 30 days per year in training.
Still have questions?
Call the Liberty Benefits Center at 1-800-758-4460, Option 1, Monday – Friday, 8:30 a.m. – 8 p.m. ET