Experienced Financial Advisor in Suit

Tim: Securities Licensing in MA, RI, NH, CT, ME, FL & Nationwide Financial Planning Services

Tim has offices located in Boston and South Dartmouth, Massachusetts. He is licensed to handle securities in six states, including Massachusetts, Rhode Island, New Hampshire, Connecticut, Maine, and Florida. Moreover, he can provide investment advisory and financial planning services to clients in all 50 states.

I’m an Investment Adviser Representative at Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser (RIA) in Fairfield, IA. I’m also registered with Cambridge Investment Research, Inc., an independent broker-dealer with 3,000+ representatives nationwide.

Clients can pay a fee-only or hourly rate based on wealth management and financial and retirement planning needs. Smaller accounts, such as Roth IRAs, 403b accounts, or 529 college savings plans, may require commission-based payments.

The first appointment can be in person, by phone, or via Zoom. Subsequent meetings can be a mix of in-person, phone, email, or Zoom.

Wealth Management Strategies | Tim Hayes Financial Advisor

Summary: Learn why wealth management is crucial for individuals with significant assets. Explore strategies, the role of wealth managers, and the basics of financial planning.

Is It Worth Paying for Wealth Management?

Wealth management is a crucial aspect of financial planning for individuals and families with significant assets. It involves managing and growing wealth through various investment and financial planning strategies while minimizing tax liabilities and preserving wealth for future generations. In this article, we will discuss the basics of wealth management, the role of a wealth manager, and various strategies for accumulating and preserving wealth.

Wealth Management: The Basics

Wealth management encompasses various financial services and strategies designed to help individuals and families achieve their financial goals. It involves tax planning, retirement planning, estate planning, investment management, and risk management. Financial advisors, wealth managers, or private banks typically offer wealth management services.

The Importance of Financial Planning

Planning for wealth is critical to achieving financial security and long-term financial goals. Whether an individual’s goal is to retire comfortably, provide for their family, or leave a legacy, effective wealth management strategies help meet these goals. Without proper planning, individuals risk running out of money in retirement, leaving their families with financial burdens after death, or failing to take advantage of tax-saving opportunities.

The Role of a Wealth Manager

A wealth manager is a financial advisor specializing in managing and growing wealth for individuals and families with significant assets. Wealth managers work closely with clients to understand their financial goals, risk tolerance, and investment preferences. They help clients develop personalized financial plans and consider their unique circumstances and goals. Wealth managers also monitor and adjust investment portfolios to ensure alignment with clients’ financial objectives.

Strategies for Investment Management

Strategies for accumulating wealth include investing in stocks, bonds, mutual funds, and real estate. Developing a diversified investment portfolio that balances risk and reward is essential. Wealth managers can help clients identify the right mix of investments based on their financial goals and risk tolerance.

Tim's Professional Designations

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.

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 requirements.

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.

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.

San Diego, CA, November 13, 2020 – The Institute of Business & Finance (IBF) recently awarded Tim Hayes with the only nationally recognized tax designation, CTS (Certified Tax Specialist). This graduate-level designation is conferred upon candidates who complete an 135+ hour educational program focusing on personal income taxes and methods to reduce tax liability. The combined top state and federal bracket can easily exceed 40%.

San Diego, CA, September 1, 2020 – The Institute of Business & Finance (IBF) recently awarded Tim Hayes with the estate planning designation, CES™ (Certified Estate and Trust Specialist™).

This graduate-level designation is conferred upon candidates who complete a 135+ hour educational program focusing on trusts, wills, probate, retirement benefits, caring for children, and what should be done after the death of a loved one. Over $50 trillion is expected to pass from one generation to another during the next half-century.

The Accredited Portfolio Management AdvisorSM, or APMA® program, is a designation program for financial professionals. The program educates advisors on the finer points of portfolio creation, augmentation, and maintenance. Students will gain hands-on practice in analyzing investment policy statements, building portfolios, and making asset allocation decisions.

San Diego, CA, May 12, 2020 – The Institute of Business & Finance (IBF) recently awarded Timothy Hayes with the only nationally recognized annuity designation, CAS® (Certified Annuity Specialist®).

This graduate-level designation is conferred upon candidates who complete a 135+ hour educational program focusing on fixed-rate and variable annuities. Several trillion dollars are invested in annuities; it is estimated that at least one-third of all annuity contracts are not titled correctly.

The NSSA® Certificate Program is a nationally recognized standard of competent and ethical Social Security planning, education and training.Professional advisors who earn the NSSA® Certificate benefit society by helping individuals and couples improve their financial security during retirement years through maximization of Social Security benefits.

Tax Planning and Wealth Management

Tax planning is an essential aspect of wealth management. By minimizing tax liabilities, individuals and families can preserve their wealth and achieve their financial goals more quickly. In addition, wealth managers can help clients develop tax-efficient investment strategies, take advantage of tax-deferred accounts, and maximize deductions and credits.

Wealth Preservation: Risks to Consider

Wealth preservation involves managing risks that could erode a client’s wealth, such as inflation, market volatility, and unexpected expenses. Wealth managers help clients develop strategies to manage these risks. Examples include diversifying investments, maintaining an emergency fund, and incorporating insurance products into their financial plans.

Estate Planning for Wealth Transfer

Estate planning ensures that one’s assets are distributed according to that person’s wishes after death. As such, wealth managers help clients develop estate plans that minimize tax liabilities, protect assets from creditors, and ensure that such assets are distributed based on the clients’ wishes.

Evaluating the Success of Wealth Management

Evaluating the success of wealth management involves measuring progress toward financial goals, assessing portfolio performance, and reviewing tax liabilities. In addition, wealth managers work closely with clients to track progress and adjust financial plans as needed to ensure that clients remain on track to achieve their financial goals.

Wealth management is essential for individuals and families with significant assets. Individuals can develop personalized financial plans that embody their unique circumstances and goals by working with a wealth manager. With proper planning, individuals can achieve financial security and leave a lasting legacy for future generations.

The Importance of Wealth Management in Financial Planning

Wealth management is a critical aspect of financial planning for individuals and families with significant assets. It involves managing and growing wealth through various investment and financial planning strategies while minimizing tax liabilities and preserving wealth for future generations. Wealth managers help clients develop personalized financial plans for their unique circumstances and goals. With proper planning, individuals can achieve financial security and leave a lasting legacy for future generations.

Wealth Management Near Me

A – Financial Advisor Near Me
  • Abington 
  • Acton
  • Amesbury 
  • Andover
  • Arlington 
  • Ashland 
  • Attleboro 
  • Avon 

B – Financial Advisor Near Me

  • Bedford 
  • Bellingham
  • Belmont 
  • Beverly – I grew up in Beverly
  • Billerica 
  • Boston – I Live in the South End
  • Boxford 
  • Braintree
  • Brookline

C – Financial Advisor Near Me

  • Cambridge
  • Canton 
  • Carlisle 
  • Carver 
  • Chelmsford 
  • Cohasset
  • Concord 

D – Financial Advisor Near Me

  • Danvers 
  • Dartmouth – I have a home in S Dartmouth
  • Dedham 
  • Dover
  • Duxbury

E – Financial Advisor Near Me

  • Edgartown

F – Financial Advisor Near Me

  • Fall River 
  • Fairhaven
  • Foxborough 
  • Framingham 
  • Franklin
  • Freetown

G – Financial Advisor Near Me

  • Georgetown
  • Gloucester 
  • Groton

H – Financial Advisor Near Me

  • Hamilton
  • Hanover 
  • Harvard 
  • Haverhill – I lived in Haverhill for five years
  • Hingham
  • Holliston 
  • Hopkinton 
  • Hudson 

I – Financial Advisor Near Me

  • Ipswich 

L – Financial Advisor Near Me

  • Lexington 
  • Lincoln 
  • Lowell 
  • Lynnfield 

M – Financial Advisor Near Me

  • Malden 
  • Manchester by the Sea
  • Mansfield 
  • Marblehead – I worked at the Corinthian Yacht Club during college
  • Marion
  • Martha’s Vineyard
  • Marshfield
  • Mattapoisett
  • Maynard
  • Medfield
  • Melrose 
  • Merrimac
  • Methuen 
  • Middleborough 
  • Middleton
  • Milton 

N – Financial Advisor Near Me

  • Nantucket
  • Natick 
  • Needham
  • New Bedford
  • Newburyport 
  • Newton 
  • North Andover 
  • North Attleborough 
  • Northborough
  • North Reading 
  • Norton 
  • Norwell
  • Norwood

P – Financial Advisor Near Me

  • Peabody
  • Plymouth 
  • Provincetown

R – Financial Advisor Near Me

  • Randolph 
  • Reading
  • Revere 
  • Rockland
  • Rockport

S – Financial Advisor Near Me

  • Salem- I lived in Salem after college
  • Sandwich
  • Saugus 
  • Scituate 
  • Sharon
  • Sherborn
  • Somerville
  • Southborough
  • Stoneham 
  • Stoughton
  • Sudbury 
  • Swampscott

T – Financial Advisor Near Me

  • Tewksbury 
  • Topsfield
  • Tyngsboro 

W – Financial Advisor Near Me

  • Wakefield
  • Walpole
  • Waltham
  • Wareham
  • Watertown 
  • Wayland
  • Wellesley 
  • Wenham
  • Westford
  • Weston 
  • Westport 
  • Westwood
  • Weymouth 
  • Wilmington 
  • Winchester
  • Woburn

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.

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Three ways to Pay for Tim's Financial Advisors Services

Hourly Fee-Only

$ 150 /Hour
  • Ideal for clients who want financial planning, retirement planning, or wealth management advice
  • But don't want to move their accounts

Fee-Only

Varies
  • Fee is 1% or less depending on the size and complexity of your needs
  • Custom money management
  • I am a fiduciary adviser
  • Financial Planning Services

Commission

Varies
  • Commission varies by product
  • Ideal for smaller accounts
  • Ideal for Roth and traditional IRAs, and some 403b plans

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

Tim Hayes: Reliable and Knowledgeable Financial Advisor

Phyllis Gleason

Client

"I was fortunate to get a recommendation for Tim Hayes from a colleague many years ago, and I have benefitted greatly from our partnership. At our first meeting, I immediately felt that I was in good hands. Tim is a wonderful listener, and he asked great questions that allowed me to focus my long-term financial goals. He has always been very responsive to any questions I have had and keeps me informed about the impact the vagaries of the investment world have on my portfolio while, at the same time, giving me advise on our next steps. I would highly recommend Tim to anyone needing investment services. Both his knowledge and his thoroughness are refreshingly impressive."

"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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