About Financial Advisor
Tim Hayes AIF®, CRPS®, AWMA®, CFS®, APMA®, CAS®, CES™,CTS™
This transition usually means moving some money from stocks to bonds, and I am well-schooled in the economy, inflation, markets, interest rates, and the bond market.
Before coming to Cambridge Investment Research Advisors in 2010, I spent 20 years with MetLife, so I am also well-versed in guaranteed retirement products such as variable and fixed annuities.
- Review the fees in your 401k plan or 403b
- Review the fund lineup in your 401k plan or 403b
- Check if there are enough choices to provide retirement income security
- Calculate your retirement risk-tolerance score
- Compare your retirement risk score with your current 401k or 403b allocation
- Recommend whether you should leave your 401k or 403b in your plan or roll it into an IRA
- Design your retirement portfolio in your 401k, 403b, or IRA using your retirement risk tolerance and income goals
Please be sure to speak to your advisor to consider the differences between your company retirement account and investment in an IRA. These factors include, but are not limited to, changes to the availability of funds, withdrawals, fund expenses, fees, and IRA-required minimum distribution.
Whom Am I Affiliated With?
I am an Investment Adviser Representative at Cambridge Investment Research Advisors, Inc., a $44B RIA based in Fairfield, IA. I am also registered with Cambridge Investment Research, Inc., an independent broker-dealer with over 3,000 registered representatives nationwide.
I’ve held an industry securities registration for 30+ years and am subject to SEC and FINRA oversight.
Do We Need to Meet in Person?
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 a phone, skype, Zoom, and email replacing in-person meetings)
Subsequent meetings where we monitor your progress and investments can be done in-person, by phone, email, Zoom, or skype or, more likely, a combination of these meeting types.
How Much Do You Charge?
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.
Where Do I Work?
I will provide expert and fee-only financial planning, retirement planning, and wealth management from my Boston or Dartmouth office when you need an independent financial advisor in Massachusetts (Greater Boston, North Shore, South Shore, South Coast, Merrimack Valley, MetroWest, or Rhode Island, Providence, Newport.)
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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®
- 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®
- 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®
- 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.
Certified Annuity Specialist or CAS®
CAS® is a professional financial services designation granted by the Institute of Business & Finance (IBF)
Certified Estate & Trust Specialist or CES™
CES™ is a professional financial services designation granted by the Institute of Business & Finance (IBF)
Certified Tax Specialist or CTS™
CTS™ is a professional financial services designation granted by the Institute of Business & Finance (IBF)
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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, Scored 86%
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.
I am also licensed to offer life, health, accident, disability and long-term care insurance plans, as well as fixed annuities.
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.For more information, go to www.fivestarprofessional.com.