Financial Services: Wealth Management, Financial and Retirement Planning

Financial Advisor Tim Hayes

Tim Hayes

Securities Licensed in MA, RI, NH, NY, NJ, CT, ME, & FL

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

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

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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 planner, 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 Minimize Conflicts of Interest so That I Can Provide Objective Advice

I work with individuals to build or update their personalized investment portfolios based on their goals and risks and then review their portfolios at ‌least once a year.

I advise on any possible rollovers from employer retirement plans and help design strategies for income planning during retirement.

I can also advise on your life and disability insurance needs.

I implement, manage, and service the retirement plans of companies and not-for-profits per the rules and regulations of ERISA and the Department of Labor (DOL). I also can install and manage group life and disability plans.

I advise executives and business owners on their nonqualified deferred compensation plans, stock options, and company stock (net unrealized appreciation, NUA).

Most client investment accounts are held at Pershing LLC and Fidelity Investments, Pershing, which is a wholly-owned subsidiary of the Bank of New York Mellon Corporation (BNY Mellon).

Please be sure to speak to your retirement 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 distributions.

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Comprehensive Financial Planning Process

  1. Gather Financial Data – fact finder, tax forms, brokerage statements, retirement account statements, mutual fund, and annuity statements, insurance policies
  2. Establish Financial Goals – college funding, comfortable retirement, income needs, second home, travel
  3. Analyze Financial Information – mutual fund and exchange-traded-fund (ETF) due diligence, retirement planning, asset allocation, risk tolerance analysis, beneficiary audit, tax-reduction strategies
  4. Recommendations – product solutions, stocks, bonds, mutual funds, exchange-traded funds, annuities, life insurance plans
  5. Monitor and Update – annual reviews, twice-a-year email updates, monthly brokerage statements, CIR statements, online reporting of your accounts

Financial Planning Products and Services

Wealth Management – 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.

  • FinaMetrica risk tolerance questionnaire
  • Portfolio rebalance when needed
  • Stocks, bonds, annuities, ETFs

2023 Outlook for Stocks and Bonds

Retirement – Employees who leave their employer can keep their 401k or 403b there or move it to an IRA. If they decide to move it, I build their IRA portfolio. I also build portfolios for clients saving for retirement.

Insurance – I can get clients the right type and amount of life insurance or disability insurance. I am licensed with many insurance companies, so I can find a good product.

  • Needs analysis
  • Whole life, term insurance, universal, and variable life
  • Disability insurance

Businesses and Nonprofits – I provide investment advice or education to the individuals in your retirement plan. I can also monitor investment options and provide fee information.

Executives and Business Owners – I can use life insurance to facilitate ownership changes and protect a business from losing a key executive.

  • Key employee insurance
  • Deferred compensation

Financial Services for Individuals

  • We meet to talk about 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 so I can see whether your current investments match your goals and risk tolerance.
  • If your objectives and risk tolerance are in sync with each other, we may fine-tune your current portfolio. 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 figure out 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.
  • We consider the choices available to you in your 403b or 457 plan for educators and other public employees. I recommend one or two of them, and then I build and monitor your portfolio.
  • When you need life or disability insurance, we determine together 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.

Corporations, Nonprofits, Partnerships, and Self-Employed

  • 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, all of which are now required by the government.
  • 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.

Owners and Executives

  • I work with you and your attorney to design a nonqualified deferred compensation plan.
  • I discuss with your boards, partners, executives, or family members on whether your company should own life insurance on 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.

Please be sure to speak to your advisor to carefully consider the differences between a company retirement account and IRA investment. These factors include changes to the availability of funds, withdrawals, fund expenses, fees, and IRA-required minimum distributions.

Financial Services Near You

A – Financial Services Near You
  • Abington 
  • Acton
  • Amesbury 
  • Andover
  • Arlington 
  • Ashland 
  • Attleboro 
  • Avon 

B – Financial Services Near You

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

C – Financial Services Near You

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

D – Financial Services Near You

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

E – Financial Services Near You

  • Edgartown

F – Financial Services Near You

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

G – Financial Services Near You

  • Georgetown
  • Gloucester 
  • Groton

H – Financial Services Near You

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

I – Financial Services Near You

  • Ipswich 

L – Financial Services Near You

  • Lexington 
  • Lincoln 
  • Lowell 
  • Lynnfield 

M – Financial Services Near You

  • 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 Services Near You

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

P – Financial Services Near You

  • Peabody
  • Plymouth 
  • Provincetown

R – Financial Services Near You

  • Randolph 
  • Reading
  • Revere 
  • Rockland
  • Rockport

S – Financial Services Near You

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

T – Financial Services Near You

  • Tewksbury 
  • Topsfield
  • Tyngsboro 

W – Financial Services Near You

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

Fee-Only Financial Planner, Hourly Rate, or Commission

Most clients pay fee-based or an hourly rate. The size and complexity of the client’s wealth management and financial and retirement planning determine that fee.

Hourly Fee

$ 150 /Hour
  • Financial Advisor
  • Financial Planning
  • Advisor Financial Planner

Fee-Only

Varies
  • Fee Based
  • Fee-Only Financial Planning
  • Fee-Only Financial Planner
  • Financial Planning Services

Commission

Varies
  • Financial Professional
  • Commission Based
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