You may think that social media is mostly used by the younger generations, by Gen X and millennials. The data says otherwise, however. Approximately seventy percent of boomers are on Facebook — and this is according to an article published last year by AdWeek, so the percentage may have increased slightly for 2015.
Although different groups likely use social media differently — for example, most boomers aren’t going to be posting images of the super fun electronic music festival they attended last Saturday — the fact that this demographic is online and interacting on social media means a lot for your business, especially from a branding standpoint. To establish a meaningful brand in today’s tech-savvy marketplace, you must have a social media presence. So we asked: When you say the word “retirement“ on social media, what brands come to mind? In other words, which financial services brands are most easily recognizable to the public?
Here, in no particular order, are our findings, a group of financial services companies that are visible and well-liked, according to each company’s social media presence. (Please keep in mind that the follower count numbers are constantly changing due to the nature of social media.)
Transamerica Retirement Solutions
Founded in 1930 in San Francisco, California, Transamerica Corporation includes various life insurance companies and investment firms. It was acquired by Aegon in 1999.
Easily recognizable by their iconic pyramid building in downtown San Francisco, Transamerica has spent considerable time nourishing their social media presence. And it shows. They have social media profiles in all the main networks — LinkedIn, Facebook, Twitter, Google+ — as well as smaller platforms, like Pinterest, YouTube, Instagram and Tumblr.
Here are their numbers:
Facebook: 513,258 likes
Twitter: 58,100+ followers (Note that Twitter only provides an approximate number of followers for accounts over 10,000 followers.)
LinkedIn (group or company page): 32,280 followers
Google+: 208,379 followers
YouTube: 4,079 subscriptions; their most popular video is “Investing for retirement,” posted eight monhts ago, with 622,516 views.
Instagram: 2,328 followers
Pinterest: 1,800+ followers (Note that Pinterest only provides an approximate number of followers for all accounts.)
Tumblr: They have a profile, but the follower count is not available, as Tumblr doesn’t publicly reveal follower numbers
Approximate estimate of total social media reach: 820,224 followers
Prudential Financial
Originally called “The Widows and Orphans Friendly Society,” Prudential was started in Newark, New Jersey in 1875 by John F. Dryden. The company is easily recognized by their logo, the Rock of Gibraltar, a promontory on Gibraltar in the Mediterranean. Prudential is a Fortune 500 company that provides insurance, investment management and other products.
Lately, Prudential has been focusing its efforts on educating the public about planning for retirement with their aforementioned “Bring your challenges” marketing campaign. Their social media profiles are also associated with this campaign, except on LinkedIn, where they have one page for this campaign and another for their company.
Here are their numbers:
Facebook: 353,681 likes
Twitter: 68,100+ followers
LinkedIn (group or company page): Bring your challenges page: 7,528 followers; Company page: 81,218 followers
Google+: No profile
YouTube: 5,883 subscriptions; their most popular video is “The Prudential dominoes experiment,” posted one year ago, with 6,396,839 views.
Instagram: 1,516 followers
Pinterest: No profile
Approximate estimate of total social media reach: 517,926 followers
State Farm
While not typically associated with retirement, State Farm does offer plans, education and planning services for this milestone. Founded in Illinois in 1922 by a retired farmer, George Jacob Mecherle, the company today is a Fortune 500 company.
State Farm’s social media postings revolve more around property insurance, and other tips for safety, than around retirement or financial planning. That said, they have a few TV ads about retirement, so maybe they’re starting to pay attention to this area.
It is also interesting how they have created a separate Twitter handle for “Jake from State Farm,” a now-famous meme from their “State of unrest” TV ad that aired a few years ago.
Here are their numbers:
Facebook: 1,819,592 likes
Twitter (company account): 75,500+ followers
Twitter (Jake from State Farm): 36,700+ followers
LinkedIn (group or company page): 158,365 followers
Google+: 222,593 followers
YouTube: 19,907 subscriptions; their most popular video is “Magic jingle buffalo,” posted four years ago, with 964,375 views.
Flickr: 323
Instagram: No profile
Pinterest: No profile
Approximate estimate of total social media reach: 2,332,980 followers
Ameriprise Financial
An American financial services company, Ameriprise was originally called Investors Syndicate when it was founded in 1894 by John Tappan in Minneapolis, Minnesota. Today, the company provides wealth and asset management, insurance, annuities and estate planning services.
Ameriprise’s social media presence is mostly about how to plan financially for the future, with links to relevant articles, posts that ask important questions of their followers, and inspiring quotes.
Here are their numbers:
Facebook: 120,489 likes
Twitter: 3,463 followers
LinkedIn (group or company page): 62,055 followers
YouTube: 1,485 subscriptions; their most popular video is “Two perspectives, one retirement,” posted 10 months ago, with 259,754 views.
Google+: No profile
Instagram: No profile
Pinterest: No profile
Approximate estimate of total social media reach: 187,488 followers
Voya Financial
Originally called ING U.S., a subsidiary of ING, the Dutch multinational banking and financial services corporation, the now rebranded Voya Financial is an American retirement and insurance company based in New York.
Voya is committed to becoming “America’s Retirement Company,” as they state on their home page. That commitment is being reinforced by a marketing campaign that spans both traditional and social media channels. On social, they mostly post about insurance, retirement and financial planning topics. You’ll also see a lot of babies in their posts. While this may seem like a ploy to get more likes – who can resist a cute baby photo? – in reality, it is part of their latest marketing campaign titled “Born to save.”
Here are their numbers:
Facebook: 205,724 likes
Twitter: 59,500+ followers
LinkedIn (group or company page): 30,704 followers
YouTube: 1,302 subscriptions; their most popular video is “Butterfly Ad, short,” posted one year ago, with 1,388,212 views.
Google+: 147 followers
Instagram: No profile
Pinterest: No profile
Approximate estimate of total social media reach: 297,377 followers
MassMutual Financial Group
Founded in Springfield, Massachusetts in 1851, Massachusetts Mutual Life Insurance Company, also known simply as MassMutual, is a mutual life insurance company that also offers retirement plans, annuities and other lines of insurance.
Their posts vary by social media network. For example, on Facebook, they seem to post more about their internal blogs and white papers, directed at helping consumers navigate their financial lives. On Twitter, they not only promote their internal blogs, landing pages and white papers, but also post interesting articles from around the Internet.
Here are their numbers:
Facebook: 150,040 likes
Twitter: 13,800+ followers
LinkedIn (group or company page): 35,669 followers
YouTube: 3,710 subscriptions; their most popular video is “Dad,” posted seven months ago, with 8,893,704 views.
Google+: 464 followers
Instagram: No profile
Pinterest: 699 followers
Approximate estimate of total social media reach: 204,382 followers
Fidelity Investments
Headquartered in Boston, Massachusetts, Fidelity Investments was founded in 1946. Today, the company has $2.1 trillion global assets under management and serves 24 million individual customers, according to its website. It provides brokerage services, financial education, investment, retirement products and planning, and even life and long-term care insurance.
On their social media accounts, Fidelity promotes internal blogs, events, webinars about financial education and other interesting data related to the stock markets and how it might impact retirement accounts.
Here are their numbers:
Facebook: 174,057 likes
Twitter: 170,000+ followers
LinkedIn (group or company page): 247,560 followers
YouTube: 4,865 subscriptions; their most popular video is “We don’t just manage money. We manage people’s money,” posted six months ago, with 729,526 views.
Google+: 5,776 followers
Instagram: No profile
Pinterest: No profile
Approximate estimate of total social media reach: 602,258 followers