Financial Adviser Reimbursement Program FAQ

Financial AdvisEr Reimbursement Form 

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

    In accordance with best practice, benefits-eligible faculty and staff may be reimbursed up to $200 per calendar year for consulting services from a financial adviser of their choice. One submission per calendar year. To receive reimbursement, you must submit the form by December 1st of each calendar year that you are seeking reimbursement. 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 adviser 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 per calendar year. One submission per calendar year. To receive reimbursement, you must submit the form by December 1 of each calendar year that you are seeking reimbursement. 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 adviser reimbursement.
  5. How do I submit a reimbursement form?

    Please complete the Financial Adviser Reimbursement Form to receive reimbursement for financial adviser services.
  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 adviser with the following information: financial adviser’s name and/or company, date of service, and dollar amount paid for the consultation.
  7. When can I submit my reimbursement form?

    Complete the reimbursement form within 60 days of the invoice date to be eligible for reimbursement. To receive reimbursement, you must submit the form by December 1 of each calendar year that you are seeking reimbursement.
  8. How will I receive my reimbursement?

    Reimbursements will be added to regular paychecks and taxed accordingly.
  9. How long will 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 adviser?

    There is no limit to the number of times that financial adviser services may be used. However, USF will only reimburse up to $200 per calendar year for these services. One submission per calendar year. To receive reimbursement, you must submit the form by December 1 of each calendar year that you are seeking reimbursement. This is a taxable benefit. 
  11. Is this an annual benefit?

    Yes. Each calendar year from January 1 through Dec. 31, USF will reimburse benefits-eligible faculty and staff up to $200 for financial adviser services. One submission per calendar year. To receive reimbursement, you must submit the form by December 1 of each calendar year that you are seeking reimbursement. This is a taxable benefit. 
  12. Can USF assist with providing a financial adviser?

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