The Benefits of ExtensisHR’s PEO Premier® for Financial Services Companies

Quick look: Navigating the complexities of the financial services industry requires more than just expertise in finance—it demands a partner who understands the unique challenges your firm faces. ExtensisHR’s PEO Premier® is designed specifically to meet the high standards of financial services companies, offering tailored HR solutions that ensure compliance, streamline operations, and provide premium benefits packages.

Financial services companies produce high-end results with quick service, operational efficiency, and protective measures. As a certified professional employer organization (PEO), ExtensisHR follows the same framework with PEO Premier®—our fully managed, concierge approach to HR for financial services.  

PEO Premier® handles payroll entry, talent management, and other vital employee operations, allowing financial services companies to streamline their HR functions, mitigate compliance risks, and enhance employee benefits. Backed by ultra-personalized and exclusive perks, PEO Premier® frees up financial firms’ critical resources and redirects their focus onto business activities like wealth management and financial advisory.

In this blog, deep dive into the key offerings that make PEO Premier® an ideal solution for financial services firms.

Exclusive concierge service

Customer service differentiates a good company from an exceptional one. After all, 81% of customers say that a positive customer service experience pushes them to make another purchase from a business.

PEO Premier® provides this level of service by pairing its users with a full-service account team. Like how well-versed specialists exist for every financial asset, ExtensisHR’s team of highly trained professionals have in-depth knowledge of everything HR.

Core members of a PEO Premier® support team include:

• Premier Account Manager: Acts as your single point-of-contact for customer success, overseeing all account communications and performance across your dedicated team
• HR Manager: Provides personalized guidance on HR strategies, ensuring your firm remains compliant and competitive while delivering tailored solutions for employee relations, policy development, and talent management.
• Payroll Manager: Ensures flawless payroll execution with meticulous attention to detail, managing all payroll processes seamlessly while providing insights and support for any payroll-related inquiries or issues.

Each role’s contribution ensures HR administrative operations are smoothly offloaded from employees and meet the expectations of set HR goals. ExtensisHR also provides a human-first service model, replacing call center treatment with one-on-one collaborative consultations.

A complete HR department

Time is one of the most valuable assets. Financial professionals are constantly managing client portfolios, analyzing market trends, and delivering tailored financial solutions. With so much on their plate, dedicating time to handle HR complexities can divert attention from what truly matters—serving clients.

That’s where PEO Premier® steps in. This solution offers a single point of contact for employee operation needs, streamlining HR for financial services companies while helping firms focus more on client success. With just one call, everything from payroll to compliance is expertly managed, freeing up valuable time for financial professionals to concentrate on driving client satisfaction and business growth.

Advanced payroll offerings

A successful payroll process does more than adequately compensate financial professionals. It improves internal business workflows, including cash flow tracking, partner payouts, and compliance maintenance.

Though vital, payroll is a delicate and time-consuming operation for financial services companies. Mistakes in this area can lead to monetary consequences; according to the IRS, over $2.8 billion in tax penalties were due to business payroll errors.

Fortunately, businesses ease this burden by outsourcing their payroll needs through PEO Premier®. ExtensisHR efficiently oversees payroll and tax duties, such as tax audits, payroll processing, K-1 tax reporting, and distributing paychecks via checks, direct deposit, and pay cards. In addition to gaining access to our comprehensive payroll management services, PEO Premier® enhances this HR operation by providing:

• International payroll management
• High earners special handling with withholding taxes
• Payroll entry for paid time, pay rate adjustments, and compensation adjustments

Premium employee benefits and perks

Employee engagement significantly impacts a company’s overall performance. Engaged workers are 21% more profitable and 22% more productive for their employers than disengaged ones.

Employee benefits foster engagement and amplify HR for financial services companies by protecting their teams’ health and well-being. PEO Premier® reduces the stress of benefits by giving employers increased coverage for international healthcare, executive-level group life insurance, and long-term disability. One-on-one benefits meetings allow employers and staff members to review plans and determine which offerings appeal most to their physical and mental health needs.

Employees also receive concierge medicine assistance. ExtensisHR’s partnerships with Alight Solutions and One Medical give finance professionals access to a healthcare advocacy program, membership-based primary care practices, a healthcare concierge, and other personalized healthcare services. Workers can even offload benefits tasks like negotiating bills, reviewing claims, and finding health providers, allowing them to experience quality care without dealing with overcomplicated to-dos.

Elevated talent acquisition

Financial services companies understand that their team impacts their client retention rates, profitability, and even brand reputation. To attract the top talent needed, firms must adopt a talent acquisition strategy that allows them to easily navigate hiring challenges like job market competitiveness and evolving job position requirements.

PEO Premier® combines essential recruitment knowledge and exclusive tools to elevate this process for financial employers. It boosts ExtensisHR’s complimentary full-cycle recruitment services by offering premium recruitment consultations, commission structure support, accessing an executive-level talent pool, and offer letter compliance. Businesses can utilize our extensive Applicant Tracking System (ATS), too, which lifts the hiring process and candidate experience.

Other PEO Premier® perks like PTO policy consultations, assistance with managing the annual employee performance review process, and scheduling and managing employee onboarding and training enable financial services companies to engage and retain their valued employees.

Quality employee care

Financial services professionals provide expert guidance, tailored strategies, and comprehensive solutions to help their clients achieve their financial goals, manage risks, and secure their financial futures. These experts deserve the same treatment when it comes to HR. PEO Premier® includes a suite of employee care services that simplify workers’ approach to personal HR tasks.

ExtensisHR prioritizes employee care at every stage of a PEO Premier® partnership. Our implementation process ensures reliable support and complete onboarding for our customers. To enhance efficiency, we assist with PTO adjustments, provide comprehensive performance management, and offer in-depth system training. Additionally, we help handle employee data changes throughout the activation period, ensuring a smooth and hassle-free experience.

A dedicated support line to our Employee Solution Center (ESC) helps employees get answers to their HR questions and inquiries sooner. Through PEO Premier®, ExtensisHR takes on significant tasks and gives process assistance for employee onboarding and benefits enrollment.

Financial professionals also have a complete team to assist with for HR administrative tasks like uploading important documents and updating personal information. These advantages enable employees to achieve transparency with HR operations while refocusing their time on their workload.

Let PEO Premier® maximize your HR investment

With PEO Premier®, ExtensisHR levels up our comprehensive services’ capabilities to strengthen HR for financial services companies. From smoother operational workflows to accelerated employee assistance and perks, we tailor a premium solution that addresses top-of-mind HR goals and challenges and empowers employees to dedicate more time to increasing AUM and delivering alpha. The white-glove approach ensures that every aspect of HR is managed with precision and care, offering a seamless and efficient experience that drives business success.

Ready to try PEO Premier®? Contact us today to learn how ExtensisHR improves HR for financial services companies.