Tim Hayes Named Five Star Wealth Manager in Boston for Fourth Year Running
Summary: Tim Hayes, a Five Star Wealth Manager for four consecutive years, offers wealth management, financial planning, and retirement planning solutions. He is affiliated with Cambridge Investment Research, an independent broker-dealer for financial professionals. Tim's monthly investing column in New England Monthly and SOCO Magazine provides valuable insights with his latest article discussing the Best Interest Contract Exemption, a vital part of the new Fiduciary Rule. Learn more about the Five Star Wealth Manager Program, the largest wealth manager award program in the financial services industry.
Tim provides wealth management, financial planning, and retirement planning solutions to individuals and employers in MA, NH, and RI. He also writes the monthly investing column for New England Monthly and SOCO Magazine.
December’s article is a must read for anyone with a retirement account. In it, Tim discusses the Best Interest Contract Exemption. A vital part of the new Fiduciary Rule from the Department of Labor which goes into effect in April of 2017. (Barring any changes from President-elect Trump)
Cambridge Investment Research
Tim Hayes is affiliated with Cambridge Investment Research (member FINRA/SIPC) and Cambridge Investment Research Advisors, Inc. Cambridge is an independent broker-dealer for financial professionals dedicated to offering objective investment advice to clients. Investment advisory services are offered through Cambridge Investment Research Advisors, Inc., a Federally Registered Investment Advisor.
The Five Star Wealth Manager Program
The Five Star Wealth Manager Program
The Five Star Wealth Manager award program is the largest and most widely published wealth manager award program in the financial services industry. The award is based on a rigorous, multifaceted research methodology, which incorporates input from peers and firm leaders along with client retention rates, industry experience, and a thorough regulatory history review. “The research behind this award is extensive with each wealth manager being thoroughly vetted from numerous angles. We are proud to showcase these distinguished professionals,” says Jonathan Wesser, Research Director, Five Star Professional.
For research methodology information visit http://www.fivestarprofessional.com.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on ten objective criteria:
- Credentialed as a registered investment adviser or a registered investment adviser representative;
- Active as a credentialed professional in the financial services industry for a minimum of 5 years;
- Favorable regulatory and complaint history review (unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process*);
- Fulfilled their firm review based on internal standards;
- Accepting new clients;
- One-year client retention rate;
- Five-year client retention rate;
- Non-institutional discretionary and/or non-discretionary client assets administered;
- The number of client households served;
- Education and professional designations.
Wealth managers do not pay a fee to be considered or awarded. The award methodology does not evaluate the quality of services provided. And is not indicative of the winner’s future performance.
*To qualify as having a favorable regulatory and complaint history, the person cannot have:
- been subject to a regulatory action that resulted in a suspended or revoked license, or payment of a fine,
- had more than three customer complaints filed against them (settled or pending) with any regulatory authority or Five Star Professional’s consumer complaint process,
- individually contributed to a financial settlement of a customer complaint filed with a regulator,
- filed for bankruptcy, or
- been convicted of a felony.
Financial Advisor Tim Hayes
I’ve held an industry securities registration for 30+ years and am subject to SEC and FINRA oversight.
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 who set 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. (For the time being, telephone, Zoom, and email are replacing some in-person meetings.)
Subsequent meetings during which we monitor your progress and investments can be done in-person or by phone, email, Zoom, or Skype – or, more likely, a combination of these meeting types.
Tim has offices in Boston and South Dartmouth, Massachusetts. He’s licensed to handle securities in 8 states: Massachusetts, Rhode Island, New Hampshire, New York, New Jersey, Connecticut, Maine, and Florida.