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Tom Balcom, CFP®, CAIA, MBA – Founder of 1650 Wealth Management

Tom Balcom, CFP, CAIA, MBA

Tom began his career in the financial services industry in 1998, working at two of the nation’s largest brokerage firms. His passion for educating and protecting his clients’ wealth developed as he witnessed novice investors entrusting their life savings to “financial advisors”, whose top priority was meeting their monthly sales quotas.

Tom aspired to differentiate himself from the crowd. In 2000, he earned an MBA degree with a specialization in investments from the University of Miami and became a fee-only, independent, registered investment advisor at a private wealth management firm in Miami, Foldes Financial Management. Tom earned the Certified Financial Planner (CFP®) designation in 2003 and the Chartered Alternative Investment Analyst (CAIA) designation in 2005.

In 2010, after gaining over a decade of private wealth management experience, Tom took his passion for educating and protecting his clients’ wealth and founded 1650 Wealth Management as a Registered Investment Advisory firm. It was imperative for Tom to create an independent, fee-only firm with a fiduciary duty, so he could provide his clients’ with 100% objective investment management advice and complete transparency.  Working as a fee-only, independent, private wealth management investment advisor, Tom does not sell investment products or receive sales commissions, allowing him to focus on actively managing and creating custom investment management strategies, to both protect and grow his clients wealth.

Tom is a highly credentialed and recognized industry expert in working with alternative investments.  He has spoken at numerous industry conferences including: Structured Products Americas Conference, MTN-I Structured Products Conference, Super Bowl of Indexing Conference, Innovative Alternative Strategies Conference, North American Structured Products Conference, Forum on Alternative Investments, Retail Alternative Investments and the Financial Planning Association of Miami.

He is a contributing guest blogger for the Structured Retail Products Blog and has been interviewed by top news and financial publications including: Bloomberg Businessweek, New York Times, CNBC, Investment News, Daily Business Review, CNNMoney.com, Structured Products Daily, Registered Rep, SmartMoney, Forbes, Robb Report, Worth, Structured Retail Products, NerdWallet.com, SunSentinel.com, Florida Trend Magazine and South Florida Business Journal.

He serves as an adjunct professor within Barry University’s Personal Financial Planning program and in 2014, Tom was asked to serve as an expert witness on behalf of the Certified Financial Planner Board of Standards (CFP Board).

Originally from Nashua, New Hampshire, Tom has made South Florida his home for nearly 20 years. Tom, his wife and his daughter reside in Lighthouse Point, Florida. In his free time, you will find Tom golfing, playing softball, spending time with his family and actively supporting his alma mater’s football and basketball teams.

BOARD CERTIFICATIONS

  • Certified Financial Planner (CFP®)
  • Chartered Alternative Investment Analyst (CAIA)

ACADEMIC BACKGROUND

  • Bachelor of Business Administration (BBA) – University of Miami
  • Master of Business Administration (MBA) – University of Miami  – Specialization: Investments

AWARDS & RECOGNITION

  • 2014 Alternative Investment Awards – Independent Private Wealth Manager – Florida
  • 10 Year Service Award – Financial Planning Association (FPA) of Greater Fort Lauderdale
  • 2008 Structured Product Association LeadingEdge Advisor Award Winner

COMMUNITY INVOLVEMENT

  • Adjunct Professor – Barry University – Personal Financial Planning Program
  • Board Member – Financial Planning Association of Greater Fort Lauderdale – 2011 President | 2012 Chairman
  • Chairman –  Lauderdale-by-the-Sea Chamber of Commerce
  • Treasurer and Golf Tournament Chairman – Christ Church School – Parent Teacher Organization
  • Men’s Golf Association Member – Coral Ridge Country Club

David W. Austin, CFP®

daDavid W. Austin, CFP®, is a fee-only financial and investment advisor and a Certified Financial Planner licensee, having completed the coursework from the College for Financial Planning in Denver, and received the CFP® designation from the Certified Financial Planner Board of Standards in 1984. His areas of specialty include investment portfolio design and management, pre- and post-retirement planning, tax planning, and estate planning.

Mr. Austin is a graduate of the University of New Hampshire and has been active in the financial services industry since 1972. For over 30 years he has provided comprehensive financial planning and investment advisory services to individuals, trusts, pensions, and charitable organizations. He is a former Vice President of a major, international insurance company, and has conducted over 500 seminars on capital creation and personal financial management throughout the United States.

In 1986, he formed Austin Financial Advisers, Inc., a Registered Investment Advisor, to provide comprehensive financial planning and investment advisory services to a wide variety of individuals, organizations, and qualified retirement plans. From 1992 to 2000, he was a senior financial advisor with Kathleen Day & Associates (now The Enrichment Group), and in 2000, he merged his practice with Foldes Financial Management, LLC. In 2010, he joined 1650 Wealth Management as a senior financial advisor.

Mr. Austin is a member of the international Financial Planning Association, and as an independent, fee-only financial advisor, he custodies all client assets through the Institutional division of Charles Schwab & Company. He has written for various publications including The Miami Herald, Registered Investment Advisor, Financial Services Week, Financial Product News, Mutual Funds Magazine, and Bloomberg’s Wealth Manager. Mr. Austin was a featured speaker on Risk Management at the South Florida Financial Planning Symposium Expo ‘91 in Miami, and an expert panelist on mutual fund investing for the WLRN-TV series “Financial Fitness”. He is a former adjunct faculty member of Nova Southeastern University in Ft. Lauderdale, Florida, and the National Center for Financial Services Training in New York, New York, having taught the Certified Financial Planner Certificate Program for both institutions.