
Author Tim Hayes

Financial Advisor Tim Hayes
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.
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.
Overview of My Experience
I am a fiduciary and have experience advising clients on Social Security decisions, though I cannot provide specific tax advice. My typical clients are recently retired or planning to retire. I get paid through fee–only and occasional commission. It is hard to estimate all–in costs, but I keep them low. I do my due diligence, use a couple of tools, and rely on my 30 years of experience when choosing investments to recommend. Conflict of interest is avoided by avoiding all attempts to influence behavior. A good advisor knows what to ignore.
Faq
I am, but it is less relevant today after the changes in rules from the SEC.
I understand Social Security and timing well but cannot provide specific tax advice. Who are your typical clients? Do you have a client profile you can share?
A typical client recently retired or planning to retire.
Fee-only and occasional commission
I do my due diligence, use a couple of tools, and rely on my 30 years of experience.
Commission vs. fee is a possible conflict. I avoid all attempts to influence behavior, such as dinners put on by companies, etc.
It is hard to estimate all-in costs, but I keep them low.
Knowing what to ignore