FAQs

General

DOES PROVIZR ONLY HELP WITH UNIVERSITY RETIREMENT ACCOUNTS?

We help individuals with their 403(b), 401(a) and/or 457(b) plans. These retirement accounts are specific to certain public and non-profit institutions. In addition to universities, these plans are often used by hospitals, schools, and municipalities.

DOES PROVIZR NEED MY FIDELITY OR TIAA-CREF PASSWORDS?

No. Provizr has relationships with both Fidelity and TIAA-CREF giving us access to your accounts through their systems.

CAN PROVIZR HELP WITH MY IRA OR ROTH IRA?

Yes. We also offer services to help with these types of accounts.

DO I HAVE TO RETIRE OR LEAVE MY COMPANY BEFORE PROVIZR CAN HELP WITH MY RETIREMENT PLAN?

No. Our services are fully available whether you are employed, changed jobs, or retired.

IS PROVIZR A FIDUCIARY?

Yes. We are a fiduciary. This means we are required act in your best interest at all times.

Fees

IS THERE A FEE FOR THE INITIAL CONSULTATION?

No. Your initial consultation is at no cost or obligation.

HOW DO I PAY PROVIZR?

Provizr charges a quarterly fee for our managed accounts. The fee is deducted directly from your account so that you never have to write a check. Financial Planning fees can be paid separately by check or credit card.

CAN YOU EXPLAIN EXACTLY HOW THE FEES WORK?

Sure! Let’s say, for simplicity’s sake, that you have $100,000 in your account. Our annual fee is 0.75% for this size of account. We bill quarterly based on the quarterly value of your account. So let’s say you sign up with us on January 1st. On March 31st, we will record the value of your account which is now worth $104,000 for example.

Our billing would look like this:

  • March 31st value: $104,000
  • Provizr annual fee: 0.75%
  • Quarterly fee billed: $195 ($104,000 X 0.75% / 4)

DO YOU REQUIRE A CONTRACT OR TIME COMMITMENT?

Because we bill quarterly for advisory fees, the minimum time commitment is 3 months. You can cancel at any time.

ARE THERE ANY HIDDEN FEES?

Provizr does not have any hidden fees. However, the TIAA-CREF and Fidelity investments inside your plan have their own expenses.

Investments

CAN YOU TELL ME A MORE ABOUT YOUR INVESTMENT APPROACH?

Glad you asked!! Provizr’s investment philosophy is centered around the notion of downside protection. We seek to participate when the markets are rising and protect portfolios when they are declining. Our monthly technical and economic analysis attempts to determine major trends in the market and adjust our portfolios accordingly. We believe the major component of investment success is to not lose as much during severe market downturns.

WHAT IF I AM A VERY CONSERVATIVE OR VERY AGGRESSIVE INVESTOR?

We will match your investments with your risk tolerance. We have strategies for investors who are conservative, aggressive, and everything in between.

DO YOU USE PROPRIETARY INVESTMENTS?

No. We only use the mutual funds currently offered in your retirement plan.

DO I HAVE TO MAKE PORTFOLIO CHANGES MYSELF?

No, not at all. Provizr works directly through Fidelity and TIAA to manage the investments for you.

HOW OFTEN WILL PROVIZR ADJUST MY INVESTMENTS?

Provizr conducts a detailed monthly analysis which will dictate changes to the investment portfolio. Therefore, every month, we can potentially make adjustments to your portfolio. If changes are to be made, we take care of it for you automatically.

CAN'T I JUST USE A TARGET DATE FUND?

Target date funds are a one-size-fits-all approach. Provizr Clients get customized portfolios that are monitored specifically for their retirement goal and adjusted accordingly.

Deposits & Withdrawals & Transfers

CAN PROVIZR HELP WITH AN OLD 401K?

Yes. We can assist you with these as well through a rollover process.

WILL PROVIZR CHANGE MY CONTRIBUTION AMOUNT INTO MY UNIVERSITY RETIREMENT PLAN?

No. We will not change the amount that you are withholding out of your paycheck to fund your retirement. But should you decide you want to make a change, we can handle that for you!