Wealth Advisor, Financial Planning, Retirement Planning



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Tim Hayes

Tim Hayes

Investment Adviser Representative

My Roots in the Area

For the past ten years, I’ve been living in the South End of Boston. I have many clients living or working in Boston and the surrounding cities and towns.

Experience and Knowledge You Can Trust

I have been a professional financial advisor for 30+ years. I specialize in building custom portfolios for people saving their money for retirement or are already retired.

Access to thousands or mutual funds, ETFs, annuities, life and disability plans. I have all the tools individuals, companies, and not-for-profits need for their wealth management as well as their financial planning for retirement.

Because I am an independent financial consultant, there are no requirements to use a specific tool. Therefore you benefit from advice and products tailored to meet your unique financial needs.

Check out my case study page to learn more!

Why Should I Hire You?

Life isn’t all about money, but it is an important tool for building the life you want. And, like any tool, best results happen when skilled, experienced hands are in control of it.

For over 25 years, I have studied the financial markets, always striving to learn more about, and adapt my knowledge to, the new financial “normal” as it is continually redefined.

The result: I can help you make smart investment decisions for every stage of your life, under all market conditions.

How Much Do You Charge?

Clients have 3 payment options. Most clients pay a flat fee which is 1% or less depending on the size and complexity of your financial planning needs.

Do We Meet In Person?

The first appointment should be in person. There is no cost for this introductory and fact finding meeting. If you become a client constant contact either in person, email, or by phone is important.

Advisor Details



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Accredited Portfolio Management Advisor℠, or APMA®

Individuals who hold the APMA® designation have: The Accredited Portfolio Management Advisor℠ or APMA® Program is a professional designation program for financial professionals. The program is designed to educate advisors on the subtler points of portfolio creation, augmentation, and maintenance. Topics covered include:

  • client assessment and suitability
  • risk/return, investment objectives
  • bond and equity portfolios
  • modern portfolio theory
  • investor psychology
  • and other topics germane to building appropriate client portfolios

Accredited Investment Fiduciary, or AIF®

Individuals who hold the AIF® designation have:

  • Completed the AIF® Designation Training;
  • Passed the AIF® designation exam;
  • Met the designation’s prerequisites and qualification and conduct standards;
  • Accrued a minimum of six hours of continuing professional education, with at least four hours coming from fi360-produced sources;
  • Attested to a code of ethics.

Chartered Retirement Plans Specialist, or CRPS®

Individuals who hold the CRPS® designation have:

  • Completed a course of study encompassing design, installation, maintenance and administration of retirement plans;
  • Passed an end-of-course examination that tests their ability to synthesize complex concepts and to apply theoretical principles to life situations;
  • Pledged adherence to the CRPS® Standards of Professional Conduct, and are subject to a disciplinary process in that regard.

CRPS® designees renew their designation every two years by completing 16 hours of continuing education, reaffirming adherence to the Standards of Professional Conduct, and complying with self-disclosure requirement

Certified Fund Specialist, or CFS®

CFS designation is awarded upon passing an examination on mutual funds, ETS, REIT’s, closed-end funds, and similar investments. Advanced studies on topics include:

  • Fund analysis and selection;
  • Asset allocation;
  • Portfolio construction;
  • Sophisticated investment strategies for risk management, taxes, and estate planning.

Accredited Wealth Management Advisor, or AWMA®

Individuals who hold the AWMA® designation have:

  • Completed a course of study encompassing wealth strategies, equity-based compensation plans, tax-reduction alternatives, and asset-protection alternatives;
  • Passed an end-of-course examination that tests their ability to synthesize complex concepts and apply theoretical concepts to real-life situations;
  • Agreed to adhere to the AWMA® Standards of Professional Conduct, and are subject to a disciplinary process in that regard.

AWMA® designees renew their designation every two years by completing 16 hours of continuing education, reaffirming adherence to the Standards of Professional Conduct, and complying with self-disclosure requirements.

Securities Licenses

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Series 66 Exam, Taken 12-18-2012, Scored 93%

Passing the exam qualifies candidates as both securities agents and investment advisor representative.

Series 7 Exam, Taken 07-20-2005, Scored 92%

Individuals who pass the Series 7 examination are eligible to trade all securities products: corporate securities, municipal fund securities, options, direct participation programs, investment company products, variable contracts, etc.

Series 63 Exam, taken 03-22-1989

The exam qualifies candidates as securities agents within a state. Nearly all states require people to pass the Series 63 for state registration.

Series 6 Exam, Taken 02-23-1989, Scored 92%

The exam measures the degree to which each candidate possesses the knowledge needed to offer the products of investment and insurance companies, including the sales of mutual funds and variable annuities.

Other Licenses

I am also licensed to offer life, health, accident, disability and long-term care insurance plans, as well as fixed annuities.

Tim Hayes

Financial Advisor Boston AIF®, CRPS®, AWMA®, CFS®, APMA®

Areas Serviced in Massachusetts, Rhode Island, and Southern New Hampshire & Maine

Expert and highly personalized financial planningretirement planning, and independent investment solutions for individuals, couples, and businesses in Eastern Massachusetts, including Boston and surrounding cities. So when you need an independent financial advisor in Massachusetts – Salem or the North Shore, Hingham, or another town on the South Shore, Andover and the Merrimack Valley, MetroWest including Foxboro, or the Southcoast, Martha’s Vineyard, Nantucket, and Newport, Rhode Island from my Dartmouth office.

There is no charge for the initial consultation, and it can be at your home, office, or favorite coffee shop.

Credentials Awards, Licenses, Designations

For more information, go to

Named a Five Star Wealth Manager 6 Years Running

In 2018, 2819 Boston wealth managers were nominated with only 487 projected winners.

To receive the Five Star Wealth Manager award, financial advisors must satisfy a series of eligibility and evaluation criteria associated with wealth managers who provide services to clients. Recipients are identified through research conducted by industry peers and firms. Third party rankings and recognitions from rating services or publications are not indicative of past or future investment performance.

Independent, But Not Alone

Financial Advisor Boston | Tim Hayes AIF, CRPS, AWMA, CFS, APMA


Cambridge Investment Research, Inc., is an independent broker-dealer with over 3,000 registered representatives nationwide dedicated to offering objective investment advice to clients.

I am also an Investment Adviser Representative at Cambridge Investment Research Advisors, Inc., a $94B SEC-registered investment adviser based in Fairfield, IA. I’ve held an industry securities registration for 30+ years and am subject to SEC and FINRA oversight.

  • You will understand investment concepts – I talk in familiar language, not financial jargon.
  • You will make educated investment decisions with the help of my objective, independent research.
  • I am free to collaborate with you and advise you objectively as we design a written financial plan to address your concerns and establish a path to your goals and dreams.
  • You will be able to trust and confide in me, as I will understand and prioritize your financial priorities and goals. I will serve you in a relationship.
  • You will not have to explain your financial history again and again to a series of new faces; I will be here for you.
  • Most clients pay fee-only or an hourly rate. The size and complexity of the client’s wealth management and financial and retirement planning determine that fee.
  • Some clients pay a commission, mainly those with smaller accounts, i.e., Roth IRAs, some public school teachers with 403b retirement accounts or parents or grandparents setting up a 529 college savings plan.
  • The first introductory and fact-finding appointment can be in person or by phone. The next meeting where I provide my recommendations should be in person.
  • Subsequent meetings where we monitor your progress and investments can be done in-person, by phone, email, or skype or, more likely, a combination of these meeting types.

Our Services

Financial Advisor Boston | Tim Hayes AIF, CRPS, AWMA, CFS, APMA

Investment Advisor

Measure how well your investments match up with your risk tolerance and goals and income needs.

Financial Planning

Expert and Personalized Solutions for Individuals, Couples, and Small Businesses in MA, RI, NH, and ME

Retirement Planning

Advising you in all three stages: saving for retirement, transitioning towards, or generating income during retirement.

Wealth Advisor

Recommend a customized investment portfolio that addresses your needs and goals.

Designing Your Retirement Portfolio

Generating lifetime Income from Your 401(k), 403(b), or Rollover IRA that you won’t outlive.

Financial Planning for Retirees

My financial planning for retirees is ongoing as we continue meeting and adjusting your accounts


Investing insights from independent financial advisor Tim Hayes

Focusing on managing your money, especially your retirement accounts


Financial planning and retirement planning insights 

From Massachusetts financial advisor Tim Hayes AIF®, CRPS®, AWMA®, CFS®, APMA.


Employer insights about retirement plans

Such as 401k and 403bs, and government regulations are coming from the Department of Labor.



Financial Advisor Boston | Tim Hayes AIF, CRPS, AWMA, CFS, APMA


Tim Hayes, you are the proprietor of your firm. What sparked your interest in financial advising, and what were you doing professionally speaking before forming this firm? What is the history of this firm?

Out of college, I started right away in financial services with a small company called United Resources. They specialized in 403(b) plans. They were bought out by MetLife, and I worked at MetLife Resources, a division of MetLife specializing in retirement plans and managing client portfolios for people for 20 years. Eight years ago, I decided I needed to go independent. I am now affiliated with Cambridge Investment Research.

What qualities do you seek in potential clients, and on the flip side, what qualities do you and the firm have that prompt potential clients to select your services?

I like to work with a variety of people and businesses, and I hope clients come to me because I put their interest first. Lots of experience been through a bunch of different markets, and I am independent. I am not required to sell any particular companies products.

What was your inspiration for writing your white paper, “Are We In Another Financial Bubble?“

The most dominant financial story post-financial crisis has been the Federal Reserve and their unconventional monetary stimulus, Quantitative Easing or QE. As a financial advisor, I was concerned when Quantitative Easing or QE began in 2009 about the predictions that it would lead to inflation. I have retired clients with a fair amount of bonds in their portfolios, and if we were going to have bad inflation, their accounts would be hurt. There was a letter written to the Wall Street Journal by 24 prominent economists, writers, and hedge fund managers warning about QE and inflation (11/15/2010). I needed to find out about Quantitative Easing or QE, I concluded after spending the last few years researching the monetary and banking system that CPI type inflation was not going to be a problem and bonds would be OK. However, I came away believing that our current system encourages the creation of financial bubbles.

One interesting thing about my research was the people who thought QE would cause inflation were wrong for the same reason. They believed in the so-called money multiplier. That the reserves created by the Fed through QE would be multiplied into loans. However, that is not how modern banking works. Read more: Are We In Another Financial Bubble?

Do you believe our economy is in another financial bubble? If so, what will be the force that causes it to burst?

I think our current financial and banking system encourages bubbles. If you look at the CAPE, Q Ratio, market cap/GDP, they are all saying the stock market is at very high levels.

Do you believe that Quantitative Easing or QE did more damage than good for the economy?

It increased wealth disparity. It fueled the stock market boom. Most of the money, the Fed created remained in the banking system or was used to buy existing financial assets. So our economy is again dependent on the wealth effect rising asset prices instead of new investment for economic growth.

Do you think executives being paid in stock are beneficial for the economy?

I think the idea of executives being paid in stock came from academia. Align the interest of the executives and shareholders. But it has morphed into something that is unhealthy. Companies now spend a large percentage of their cash buying existing financial assets. I think executives have an enormous conflict of interest in that their pay packages are consistent with the short-term, not the long-term stock performance. If a company buys back its stock, the benefits are immediate, but if a company invests in plant and equipment, the benefits if there are any will years away when the current executives are gone.

What needs to be done to prevent yet another bubble from occurring and being burst?

Change the way new money is created or regulate how new money gets introduced into our economy. New money is money that is introduced into the economy without someone’s bank account being reduced. It creates purchasing power and where it goes has an impact on our economy. In the last cycle, it went to housing with disastrous results today, it is going to financial assets like stocks and high yield bonds. Banks create most of it through lending and because they create it out of thin air they like to lend against collateral that way if the loan goes bad the bank has an asset to sell

How can more new money be created at a time when credit standards are incredibly tight?

The Fed created 4.5 trillion dollars of money. They have no credit restrictions. Also, banks are open for business every day. And the business of banking is lending, and lending creates new money. My guess is it is harder to get a mortgage today than it was in 2004. But after the housing debacle, it is understandable that regulators are fighting the last war. However, lending to hedge funds and private equity is up as well as lending to emerging markets. I think lending moved from housing to somewhere else, but the problem is still the same, a high percentage of it buying existing financial assets.

How will the information contained in this white paper benefit your clients?

I wrote it for a wider audience than my clients. I think people who read it will have a better understanding of how our financial system now works. And how did we go from a banking collapse to the stock market tripling while wages stagnate? Moreover, they will see how the economy lurches from one bubble to the next.

I remember reading an excellent paper by Paul Sheard, former Chief Global Economist and Head of Global Economics and Research at S&P, Repeat After Me: Banks Cannot And Do Not “Lend Out” Reserves. In it, he has quotes from prominent people about how QE can lead to massive inflation when banks start lending reserves. I hear it weekly people still talking about how all these reserves can be lent out. But it is wrong it is not how our banking system works.

What is the greatest success you have experienced in this industry and what is the failure or challenge that you have learned the most from? Goals for 2020?

Understanding how our banking and financial system works without it, financial advisors are walking around in the dark without a flashlight.

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