Experienced Financial Advisor in Suit

Financial Advisor Tim Hayes

I am an Investment Adviser Representative at Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser (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.

I’ve held an industry securities registration for 30+ years and am subject to SEC and FINRA oversight.

Retirement Plan Consulting | Tim Hayes Financial Advisor

Evolution of Financial Advice
  • I build a template for your company’s 401k or ERISA 403b plan that produces plan-specific investment recommendations and reports as well as fees and compliance reports, which the government now requires.
  • I provide investment advice to help participants plan and encourage them to take an online risk profile assessment we can use to help them rebalance their accounts or allocate their contributions.
  • For companies without a retirement plan, I size up and implement the one (401k, Profit Sharing, 403b, SIMPLE, or SEP) that works best for your company.

How Effective Is Your Plan Management Process? (PDF)

Understanding ERISA Section 404(c) Requirements and Benefits

Section 404(c) of ERISA requires plan sponsors to provide specific information and education to their employees. If a plan meets the requirement, the sponsor and other fiduciaries are not liable for losses in an employee account.

Partnering with a credentialed, experienced, and independent financial advisor can help fulfill tour requirements. For example, Tim holds meetings on asset allocation. He provides employees with risk tolerance questionnaires, asset allocation templates, and detailed information from Morningstar and Fi360 on the investment options available in your plan.

404(c) can be a win/win for both you and your employees. You reduce liability, and your employees receive the tools to make better investment decisions. But it is an ongoing commitment.

ERISA 404(c) Checklist (PDF)

Custom Investment Strategy for Retirement and Job Changes

  • We meet to discuss your goals so I can get a snapshot of your current investments. I ask each of my soon-to-be clients to take an online risk profile assessment to see whether your existing assets match their goals and risk tolerance.
  • We may fine-tune your current portfolio if your objectives and risk tolerance are in sync. If they are out of whack, I will design a new custom portfolio that better reflects your risks and goals. We commit to reviewing your portfolio at least once a year.
  • We determine whether you should keep your 401(k) or 403(b) with your previous employer or roll it into an IRA, where I will build a new portfolio for retirees or job changers.
  • Plus, we review any pension options for which you may be eligible, review any Social Security or Medicare questions you may have, or examine any group life and disability policies you may want to convert.
  • When you need life or disability insurance, we determine how much coverage you need. Then we decide on the type of insurance policy that suits you best: term, whole life, universal or variable life, short- or long-term disability.

Partnership and Family Business Solutions

  • I work with you and your attorney to design a nonqualified deferred compensation plan.
  • I discuss with your boards, partners, executives, or family members whether your company should own life insurance for any key employees.
  • Are you buying or selling a partnership or family business? I can help your operation continue beyond its purchase or sales phase by seeking out an insurance company and type of policy that best matches the goals of your buy/sell agreement.

Retirement Pan Consulting Near Me

I offer flexible appointment options, including in-person, virtual, phone, email, Zoom, or Skype. I am licensed to handle securities in six states and have offices in Boston and South Dartmouth, Massachusetts. I can provide investment advisory and financial planning services to clients in all 50 states.

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These are the opinions of Financial Advisor Tim Hayes and not necessarily those of Cambridge Investment Research. They are for informational purposes only and should not be construed or acted upon as individualized investment advice. Content provided via links to third-party sites should not be considered an endorsement of content that we cannot verify completeness or accuracy of.

Book a Free Virtual or In-Person Consultation with Tim!

The Advantage of an Advisor: Real Stories from Real People

Roger & Kathleen Tuveson

Clients

"Tim Hayes has been our financial advisor for many years and we have found our dealings and communications with him to be both helpful and informative. Tim is personable, attentive, knowledgeable, articulate, and proactive. It has been our honor to entrust our retirement investments to him and we highly recommend him for his financial services."

"Tim Hayes has been my Financial Advisor for a number of years. He has always been patient with my questions and explains everything in understandable terms. It is a pleasure to have him as my Financial Advisor, and I look forward to many productive years ahead."

Penny Demers

Client

Wanda Carrasquillo

Client

"Having worked with Tim Hayes for 28 years, I can attest that he is an outstanding Financial Advisor who has provided me with great financial guidance and support throughout the years. He is always available to answer questions and concerns and has built a relationship based on trust and honesty. Tim is a reliable, committed and trustworthy financial advisor with vast knowledge and experience."

These testimonials are based upon an individual client experience and may not represent the experience of other customers, and should not be considered a guarantee or indication of future performance of success.

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