Advisor Managed 401(K) - FAQs

Advisor-Managed 401(k) Participant Accounts

1. What does it mean to have an advisor manage my 401(k) account?
It means a professional financial advisor will select, monitor, and adjust the investments in your 401(k) account on your behalf. Your portfolio will be tailored to your personal goals, risk tolerance, and retirement timeline.

2. How is this different from choosing investments on my own?
When you choose investments yourself, you’re responsible for researching funds, rebalancing, and making changes as markets or your circumstances change. With advisor management, those responsibilities are handled for you by an experienced professional.

3. Do I still own my 401(k) account?
Yes. Your 401(k) account remains in your name, and you retain full ownership and control. The advisor simply manages the investments within your account according to your preferences and objectives.

4. Can I make changes if I want to?
Absolutely. You can update your risk tolerance, retirement goals, or preferences at any time. Your advisor will adjust your investment strategy accordingly.

5. How often will my account be reviewed?
Your account is monitored on an ongoing basis. Advisors rebalance and make adjustments as needed to keep your portfolio aligned with your goals and market conditions.

6. What are the benefits of having my 401(k) professionally managed?
Key benefits include personalized investment strategies, ongoing professional oversight, reduced stress in making investment decisions, and a greater likelihood of staying on track for retirement.

7. Is there a cost for this service?
Yes, there is typically a management fee for advisor services. Fees vary by plan and provider, and they will always be clearly disclosed before you enroll.

8. Can I opt out later if I change my mind?
Yes. You can discontinue advisor management at any time and return to self-directed investing in your 401(k).

9. Will my employer see my personal financial information?
No. Your personal financial details and account management decisions remain confidential between you and your advisor.

10. How do I get started?
Enrollment is simple. Submit Inquiry, your advisor will schedule an onboarding call. You’ll complete a short questionnaire about your employer plan, personal goals and risk tolerance, If you are a good fit, your advisor will send you an invite to connect your account to our platform and begin managing your account right away.