A plan advisor works with employers to establish a plan that meets their needs and guides them toward a financially secure retirement. Once a plan has been established, the plan advisor works with employers to maintain and update it as needed. Every company has different goals for their retirement plan.
Regarding this, what is a fiduciary advisor?
A fiduciary is an individual who acts in the best interest of a particular person or beneficiary. Fiduciary financial advisors must only buy and sell investments that are the best fit for their clients. Fiduciaries have a bond of trust with clients and must avoid conflicts of interest.
Accordingly, how much is captrust worth?
The a fee-based advisor currently manages more than $389 billion in assets. The firm, based in Raleigh, North Carolina, has more than 7,000 individual clients, around 40% of whom are high-net-worth individuals.
What should I look for in a retirement advisor?
The short answer is that good advisors drive overall plan success. They make plans demonstrably better by focusing on the five critical components of effective retirement plans: design, vendor management, retirement readiness, fiduciary risk, and investments.
If you make decisions that impact your organization’s retirement plan, you’re probably a fiduciary as defined by the Employee Retirement Income Security Act of 1974 (ERISA).
Finding a Top Financial Advisor Firm
|1||CAPTRUST Find an Advisor Read Review|
|2||Fisher Investments Find an Advisor Read Review|
|3||Fort Washington Investment Advisors Inc. Find an Advisor Read Review|
|4||Hall Capital Partners LLC Find an Advisor Read Review|
Here’s my take: If you have a comfortable emergency fund and can afford a financial advisor’s fee without going into debt, a financial planner might be a good investment. In fact, the planner’s fee may pay for itself in a few years if he or she helps you make better financial decisions in the meantime.
While some experts say a good rule of thumb is to hire an advisor when you can save 20% of your annual income, others recommend obtaining one when your financial situation becomes more complicated, such as when you receive an inheritance from a parent or you want to increase your retirement funds.
AFA acknowledges and agrees that it is a fiduciary under Section 3(21) of ERISA and an investment manager under Section 3(38) of ERISA with respect to the investment of your Plan account, other than restricted investments.