Financial Advisor Reimbursement Program FAQ

Financial Advisor Reimbursement Form 

  1. Why is the University offering a financial advisor reimbursement program?

    In accordance with best practice, USF no longer offers complimentary financial services from a single advisor. Effective January 1, 2015, benefits-eligible faculty and staff may be reimbursed up to $200.00 per calendar year for consulting services from a financial advisor of their choice. This is a taxable benefit.
  2. What type of services are eligible for reimbursement?

    Benefits-eligible faculty and staff can seek professional assistance from a financial advisor of their choice regarding financial objectives that include tax planning, asset allocation, risk management, retirement planning, and/or estate planning.
  3. How much will I be reimbursed?

    The amount reimbursed will not exceed $200.00 per calendar year. This is a taxable benefit.
  4. Who is eligible to receive this reimbursement?

    All benefits-eligible faculty and staff are eligible to receive this financial advisor reimbursement.
  5. How do I submit a reimbursement form?

    First, submit an online Financial Advisor Reimbursement Form. Additionally, submit the supplemental materials described in question six via email to retirementplan@usfca.edu or in person to Human Resources in Lone Mountain Main 339.
  6. Do I need to include an invoice with my reimbursement form?

    Yes. In addition to completing the reimbursement form, include a copy of the invoice from the financial advisor with the following information: financial advisor’s name and/or company, date of service, and dollar amount paid for the consultation.
  7. When can I submit my reimbursement form?

    All supporting documents must be submitted to retirementplan@usfca.edu or Human Resources in Lone Mountain Main 339 within 60 days of the invoice date to be eligible for reimbursement.
  8. How will I receive my reimbursement?

    Reimbursements will be added to regular paychecks and taxed accordingly.
  9. How long with it take to process my reimbursement form?

    Please allow 2 to 3 payroll cycles from the date that forms are submitted to receive a reimbursement.
  10. How often can I see a financial advisor?

    There is no limit to the number of times that financial advisor services may be used. However, USF will only reimburse up to $200.00 per calendar year for these services. This is a taxable benefit.
  11. Is this an annual benefit?

    Yes. Each calendar year from January 1 through December 31, USF will reimburse benefits-eligible faculty and staff up to $200.00 for financial advisor services. This is a taxable benefit.
  12. Can USF assist with providing a financial advisor?

    No. USF cannot endorse any particular financial advisor or organization. However, as a reminder, employees can also meet with representatives from USF’s retirement plan providers, TIAA or Fidelity, on-campus or over the phone for free, one-hour individual consultations. Otherwise, a financial advisor’s credentials and background should be carefully reviewed before engaging their services. Below are some websites that may assist with finding a financial advisor: