Wealth Management, Financial Planning & Retirement Planning
Experience and Knowledge You Can Trust
- I have been a professional financial adviser for 30+ years. I specialize in building custom portfolios for people who are saving their money for retirement or are already retired.
- I can access thousands of mutual funds, ETFs, annuities, and life, and disability plans. I have all the tools that individuals, companies, and nonprofits need for their wealth management and financial planning for retirement.
- Because I am an independent financial advisor, there are no requirements to fulfill before using a specific tool. Therefore, you benefit from advice and products that are tailored to your unique financial needs.
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.
Read More: Fee-Only or Commission What's Best for You?
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 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 thee meeting types.
Not Sure Which Retirement Plan Is Best for You?
I build and manage retirement accounts for individuals with IRAs, including rollover IRAs, Massachusetts public-school teachers with 403(b) accounts, and business owners for whom I design and manage SIMPLE, Solo 401(k) plans, and SEP Plans.
I also help employers to improve their 401(k) plans.
I advise you on rollovers from your employer’s retirement plan, including plans in which you own company stock.
I then design strategies for income planning during retirement
I design and service your retirement plan to meet your organization’s goals in accordance with ERISA, the Internal Revue Code, and the Department of Labor.
Employer Report Card (PDF)
I advise you on your nonqualified deferred compensation, stock options, key employee insurance, and company stock.
Please be sure to speak to your advisor to carefully consider the differences between a company retirement account and an IRA investment. These factors include changes to the availability of funds, withdrawals, fund expenses, fees, and IRA-required minimum distributions.
Read More: Should You Roll Over Your 401k to an IRA?
- I am free to collaborate with you and advise you objectively as we design a financial plan to address your concerns and establish a path to your goals and dreams.
- You will be able to trust and confide in me, as I will understand and prioritize your financial priorities and goals. I will serve you in a relationship.
- You will not have to explain your financial history again and again to a series of new faces; I will be here for you.
- You will understand investment concepts - I talk in a familiar language, not financial jargon.
- You can make educated investment decisions with the help of my objective, independent research.
Read More: The Financial Planning Process
Consider me as your financial advisor when switching from growing your retirement accounts to distributing them.
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.
Read More: Should You Roll Over Your 401k to an IRA?
- 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 to an IRA
- Design your retirement portfolio in your 401k, 403b, or IRA using your retirement risk tolerance and income goals
Book a Phone or In-Person Appointment
When “Life” Happens, What Should Happen to Your Financial Strategy?
Tim Hayes is a financial advisor who knows how to adjust your financial strategy to adapt to life’s changes. Whether you’re an individual, small business, or company executive, he’ll help you stay on track to your financial goals despite the shifts in the landscape.
Don’t Know What Kind of Investments to Make?
Every smart investment decision starts with listening to you and asking you the right questions, which include:
- What are your short-term and long-term financial goals?
- What kinds of financial assets are you working toward?
As an independent financial advisor, I have access to many financial products, including mutual funds, ETFs, stocks, bonds, annuities, and life insurance programs. I use these and other products to build custom portfolios for people according to their individual needs and goals.
Read More: Investing In an Overpriced Stock Market
I build portfolios for individuals, trusts, and retirement plans. The portfolios may hold stocks, bonds, cash, mutual funds, and exchange-traded funds (ETFs). The client’s goals, time horizon, and risk tolerance impact what the portfolio holds. Risk tolerance is how a client feels about a drop in their account. The time horizon is the length of time before the client needs the money.
Accumulation Fact Finder (PDF)
A portfolio review calculates the fees and costs you are currently paying and compares them to a hypothetical portfolio built using mutual funds and exchange-traded funds that have passed my due diligence process. It also compares your current investments are performing relative to certain benchmarks and the hypothetical portfolio.
3 Payment Options
- Fee is 1% or less depending on the size and complexity of your needs.
- Custom asset management
- I am a fiduciary adviser
- Works best for clients with accounts greater than $50,000 or employers with 401(k) plans
Hourly rate is ideal for clients who want financial planning, retirement planning, or wealth management advice but do not want to move their accounts.
The commission varies by product, ideal for smaller accounts (less than $50,000), Roth IRAs, and some 403b plans.