Harris Federal Financial Advisors is paid based on a percentage of the assets they manage, which keeps their incentives aligned with growing and protecting a client's money rather than just moving it around. If a client purchases a financial product like life insurance through the firm, a commission may also apply. As fiduciaries, advisors are still obligated to act in the client's best interest regardless of how they're compensated, and the initial consultation is free with no obligation.
Video Transcript
Read the full transcript152 words
This is a fair question, and one that's worth asking any financial advisor you work with. Harris Federal Financial Advisors is paid based on the percentage of assets we manage for you. If you roll your TSP into an account we manage, then we take a small percentage of that balance each year. It's typically around 1%. Our incentives and interests are aligned with yours. The goal is to grow and protect your money, not just move it around.
Additionally, if you were to purchase a financial product through us, like life insurance, we're typically paid an initial commission by the issuing company. But remember, as fiduciaries, we are obligated to only offer products and guidance in your best interests.
There's no charge for the initial consultation, and there's no obligation to move anything over or commit to anything. You can have the conversation, get clarity on your options, and go from there.
Ready to review your plan?
These videos cover the general rules. Your numbers are specific to you and need guidance tailored to your situation and goals. Schedule a call with an advisor and walk through your plan.
Schedule Your CallThe content in this library is provided for educational and informational purposes only and does not constitute investment, tax or legal advice, or a recommendation to buy, sell or hold any security or to pursue any particular strategy. It does not take into account your individual objectives, financial situation or needs. Investing involves risk, including the possible loss of principal. Rules governing federal benefits, the Thrift Savings Plan, Social Security and taxation are subject to change, and information presented may not reflect the most current guidance. Consult a qualified professional regarding your own circumstances before acting on any information presented here.