Financial tools make Prudential, Welltok ideal partners to improve employee total well-being
June 24 2020 - 9:00AM
Business Wire
Prudential1 (NYSE: PRU), a leading provider of financial
wellness education and tools, and Welltok, the consumer activation
solutions company, are partnering to provide employers with the
integrated well-being approach they desire. Prudential’s financial
wellness content, tools and access to its solutions will be
delivered within Welltok’s total well-being solution.
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“Welltok has bundled holistic solutions
we know are essential to driving behavior change.” - Jake
Biscoglio, Vice President of Strategic Growth Initiatives &
Partnerships at Prudential (Photo: Business Wire)
Large employers nationwide work with Welltok to support healthy
and productive workforces, which is more essential than ever. The
company successfully drives action by providing a single
destination for employees and dependents to access highly relevant
programs, resources, benefits and incentives. Welltok uses data
insights and advanced personalization to help their clients’
employees achieve personal improvement in five key areas: physical,
financial, mental, social and purpose.
Solutions and tools provided by Prudential via Welltok—such as
those that manage day-to-day finances, setting and achieving
financial goals and protecting against key money risks—help drive
financial behavior changes that will carry over to employees’ lives
as a whole. For those who want additional help, Welltok will
connect them to Prudential solutions that can help their financial
security.
“Employees and their families don’t separate their health and
happiness from their financial lives. That’s why Prudential
prioritized offering an integrated health and wealth solution for
our clients,” said Jake Biscoglio, vice president of Strategic
Growth Initiatives & Partnerships at Prudential. “Many programs
focus on only one aspect of wellness, but Welltok has bundled
holistic well-being solutions we know are essential to driving
behavior change.”
Employers are increasingly recognizing the connection between
their employees’ financial and physical health. A third of
Americans say their lack of money prevents them from living a
healthy lifestyle2 and 65% are not prepared for a financial
emergency.3 Those who experience debt-related stress have more
serious health problems, including ulcers, migraines and heart
attacks. These connections are exacerbated during times of crisis
like the COVID-19 pandemic.
“Welltok has long understood the importance of financial
well-being: If people are not financially secure, their mental,
physical and social health are negatively impacted. We are excited
to be partnering with Prudential to offer best-in-class financial
resources that will support a critical need,” said Bob Fabbio,
Welltok’s CEO. “In fact, some of our employer clients are already
effectively using Prudential’s timely content and tools to help
their employees manage finances during the COVID-19 crisis.”
About Welltok, Inc. Welltok is an award-winning consumer
activation solutions company that improves people’s total
well-being. Only Welltok leverages proprietary data and advanced
analytics to engage consumers in personalized and rewarding ways to
drive action. Our solutions integrate data-driven SaaS software,
curated resources and professional services to help health plans,
self-funded employers and hospital systems support healthier,
happier populations. Follow us on Twitter @Welltok.
About Prudential Financial, Inc. Prudential Financial,
Inc. (NYSE: PRU), a financial wellness leader and premier active
global investment manager with more than $1 trillion in assets
under management as of March 31, 2020, has operations in the United
States, Asia, Europe, and Latin America. Prudential’s diverse and
talented employees help to make lives better by creating financial
opportunity for more people. Prudential’s iconic Rock symbol has
stood for strength, stability, expertise and innovation for more
than a century. For more information, please visit
news.prudential.com.
1037228-00001-00
1 Financial wellness content, tools and solutions are provided
through Prudential Workplace Solutions Group Services, LLC
(“PWSGS”). PWSGS is a subsidiary of Prudential Financial, Inc.
PWSGS is not a licensed insurance company, does not provide
insurance products or services, and does not provide investment or
other advice. 2 Stanford Center on Longevity, “The Sightlines
Project: Seeing Our Way to Living Long, Living Well in 21st Century
America,” 2016. 3 Prudential, 2017 Financial Wellness Study.
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Anjelica Sena 973-802-6930 anjelica.sena@prudential.com
Twitter: @AnjelicaSena
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