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Timothy Lay

Fixing 401(k) Plans - Lower Fees, Fiduciary Support, Financial Education

Founders Financial Securities, LLC

Sisters

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Overview

Services

Advisor Services

  • Insurance
    • -Life Insurance
    • -Long-Term Care Insurance
    • -Annuities
  • Pension Consulting
    • -401k
    • -Defined Benefit
    • -Other Pension Consulting
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Businesses or Institutional Clients

Funds

Firm Client types

Qualifications

Experience

No timeline events available.
Employer Years Dates
Tpa Financial 4 years, 9 months Jul 2015 - Present
Founders Financial Securities LLC 4 years, 9 months Jul 2015 - Present
Tpa Network LLC 6 years, 6 months Oct 2013 - Present
Transamerica Financial Advisors, Inc 3 years, 5 months Jan 2012 - Jun 2015
Gl Solutions "Gl Suite, Inc" 4 months Dec 2010 - Apr 2011
Aire Master of The Cascades 7 months May 2010 - Dec 2010
Investment Advisors International 2 years, 4 months Sep 2009 - Jan 2012
WGS 2 years, 5 months Aug 2009 - Jan 2012
WFG 6 years Jun 2009 - Jun 2015

Designations & Memberships

  • Accredited Investment Fiduciary
    Designation
    Accredited Investment Fiduciary
    The Accredited Investment Fiduciary® (AIF®) designation represents a thorough knowledge of and ability to apply the fiduciary practices.
  • Certified Financial Educator
    Designation
    Certified Financial Educator
    CFE designees are knowledgeable in providing financial literacy education. Resourceful for human resource professionals.

Articles and Answers

Insights by Timothy Lay

Trusted Principal Advisor
Published 2016-10-13 14:05:32
    *Articles are published by advisors without compensation.

    Answers

    Ask a financial questionAsk a question
    Could you please advise where I find the exchange rate from the federal reserve bank?
    Hello Marshall,This is the website I use to compare currency values:https://www.travelex.co.uk/You can change what currency type you are changing from into GBP.Your Credit Union would more than likely get the exchange rate and process it at the end of the day that the funds are received at that ...  (more)
    Answered Jul 2015
    Need to check my retirement plan with trishare--jonesboro ar triad hospital for 2006?
    In order to check your retirement plan you would need the name of the plan. Then you might be able to find the primary contact for that plan and they may have access to the records going back to 2006. However, that may be archived and hard to reach since it goes back almost 9 years. Best of luck...  (more)
    Answered Jul 2015
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      SEC
      U.S. Securities and Exchange Commission
      • license status
        Registered
      • disclosures
        3
      • as of date
        Aug 4, 2019
      FINRA
      FINRA
      • license status
        Registered
      • disclosures
        1
      • as of date
        Aug 5, 2019
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

      Assets

      Advisor

      Last updated on Aug. 6, 2019
        • $36.0M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 35
          number of clients
        • $1.0M
          Estimated Average Account Balance Per Client

      Founders Financial Securities, LLC

      Last updated on March 30, 2020
        • $1.3B
          Total Assets Under Management
        • N/A
          Total Assets Under Advisement
        • 12K
          Accounts
        • $111.4K
          Estimated Average Account Balance

      Fees

      Types of Compensation Arrangements

      • Percentage Of Assets
      • Hourly Charges
      • Subscription Fees
      • Fixed Fees