On paper, all Retirement Plan Advisors do the same thing. It’s how they do it that can make or break your plan outcomes. If you’re considering hiring a Retirement Plan Advisor (or reconsidering one you already hired), here are a few questions to help you dig a little deeper than the List of Services.
Effective retirement planning requires constant research, day-to-day focus and a team of professionals. A firm that’s 100% focused on retirement planning will serve you far better than one that offers retirement planning as an ancillary service.
Independent advisors are on your side. They don’t earn commissions off vendor and investment recommendations, which means they can provide unbiased advice based on your needs, and negotiate contracts, pricing and services independently at every level of the relationship.
In addition to helping your organization understand and manage its fiduciary obligations, an advisor who is a true partner shares the fiduciary responsibility and ultimately, the liability.
In such a rapidly changing marketplace, with increased provider consolidation and government regulation, you need an advisor that not only stays apprised of the issues, but plays an active role in shaping the industry. Look for advisors who belong to industry organizations, participate in provider symposiums and serve on elite advisor roundtables across the country.
Teros serves as a level-fee fiduciary ensuring transparent and unbiased advice on every facet of a retirement plan, from vendor selection and investment monitoring to fee assessment and overall counsel.
Do you really need a Retirement Plan Consultant? Find out.
Securities offered through Triad Advisors, member FINRA/SIPC
Investment advice offered through Resources Investment Advisors, Inc. (RIA), an SEC-registered investment adviser. RIA and Teros Advisors are separate entities from Triad Advisors.Check the background of this firm on FINRA’s BrokerCheck.
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