Tom Balcom

About Tom Balcom

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 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® certification 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 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 and has spoken at numerous industry conferences including: Structured Products Americas Conference, MTN-I Structured Products Conference, and Innovative Alternative Strategies Conference. Tom has been interviewed by top financial publications including: Bloomberg Businessweek, New York Times, CNBC, Investment News, Daily Business Review, CNNMoney.com, SmartMoney, Forbes, and Worth.

Experience

1. Founder

   1650 Wealth Management

   Feb 2010 — Present

   An Independent, Fee-Only, private wealth management firm with a Fiduciary Duty. We simplify our clients financial lives by creating and actively managing their retirement, individual and trust accounts, by utilizing a disciplined investment strategy designed to protect and grow our clients\' wealth.As an Independent, Registered Investment Advisory firm we have the freedom to select the best investment vehicles, across thousands of investment products and companies, utilizing only those which best meet our clients\' financial goals. We are held to a fiduciary duty, the highest standard in the financial industry, where we are required by law to put the interests of our clients\' ahead of our own, unlike brokerage firms who only adhere to a suitability standard.

Education

• University of Miami Herbert Business School

  BBA, Management

  1990 — 1994

• University of Miami Herbert Business School

  MBA, Specialization: Investments

  1999 — 2000

Skills

• Registered Investment Advisor
• Structured Products
• Wealth
• Asset Management
• Financial Advisory
• Wealth Management
• Roth Ira
• Investment Strategies
• Alternative Investments
• Portfolio Management
• Asset Protection
• 401k Rollovers
• Retirement
• Strategic Financial Planning
• Retirement Planning
• Certified Financial Planner
• Investment Management
• Investments
• Financial Services
• Expert Witness
• Iras
• Fiduciary
• Finance
• Independent Financial Advice
• Investment Advisory