Bloomington Firm Marks 25th Anniversary With Continued Leadership In Personal Financial Services
Born in Bloomington, Time-Tested, Passionate about Community and Education
In the 25 years in which Comprehensive Financial Consultants (CFC) has helped people create and attain personal financial milestones, they have also navigated six Presidential elections, weathered the “tech bubble,” and maneuvered in the slow climb out of the Great Recession. CFC serves a broad range of clients in the South Central Indiana region and are now assisting Baby Boomers as they retire from traditional employment.
CFC has seen a lot in 25 years--they’ve even been in business since before the Roth IRA was established!*
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CFC was founded in 1994 by David Hays, a fifth generation Bloomingtonian whose great grandfather owned and operated the iconic Hays Market, which stood as a South Central Indiana landmark for decades. Both sets of Hays’ grandparents lived and worked in Bloomington, as do his father, Jerry, and his mother, Rhea.
Hays’ hometown pride can be seen in his service as a board member and volunteer for local nonprofit organizations, such as Monroe County Youth Football League, Boys & Girls Club of Bloomington, and Monroe County CASA (Court-Appointed Self-Advocates).
Hays knows Bloomington well and he feels blessed to be able to help his fellow community members plan for and achieve their financial goals. It took a lot of hard work and dedication to grow Comprehensive Financial Consultants to the point where it had the capacity to help so many people, and it all started with some great advice—from a coach—about where to start.
Choosing the Path of Financial Consulting
When David was just 18 years old and thinking about what he might like to study in college, he talked to his high school football coach, Ralph Haynes about his career plans as he headed to Greenville College. Coach Haynes encouraged David to use his love of coaching and math to pursue financial planning as a calling.
After working as an employee at large financial firm as an intern early in his career in the early 1990s, David branched out to start his own firm, and also began teaching classes through Indiana University’s Adult Education program and Ivy Tech-Bloomington’s Center for Lifelong Learning, as well as hosting a weekly radio show with current CFC Vice-President, Doug Hughes, called “Your Money,” which still can be heard Thursday at 6 PM and Saturday at 9 AM on AM1370 WGCL and News Talk 96.1 FM, www.wgclradio.com, and downloaded on iTunes and the Android Play Store.
The community participation and commitment to education that CFC embodies are what allow them to continue to attract the best experts in the financial realm—as well as clients who are interested in a holistic approach to financial planning and are ready to maximize their wealth.
A Destination for Financial Education and Personal Empowerment
Over CFC’s first 25 years, the growth of the company has been intentional and steady.
Drawing upon the wisdom of playing to his strengths, David hired people to work as experts in various fields of the finance, taxes, estate planning, and other areas of the finance industry, while he continued to meet with clients, teach, and provide thought-leadership.
A key to CFC’s growth has been their educational seminars offered to South Central Indiana’s largest employers, where working men and women receive information about how to leverage their most essential wealth-building tool—their income—to achieve their goals in life.
CFC’s location on College Avenue is home to their world-class educational event space, the Legacy Learning Lounge, where CFC staff host special events for clients and potential clients who want to learn about specific areas of financial planning.
Examples of educational events include talks on:
- how to plan for large-scale personal travel
- how to fund the care of aging parents while preserving your own quality of life
- strategically choosing coverage for Social Security and Medicare, and
- tax strategies as you prepare for and begin retirement.
Visiting with CFC professionals is an enriching and inspiring experience, and clients leave with greater clarity on where they are and what is possible for them.
CFC offers potential clients the opportunity to visit with their staff to share what is on their mind and what their financial goals are. This is done at no cost to the client as a way of determining if CFC would be a good match in the management of some or all of their portfolio.
The Next 25 Years
Having just completed the highly selective Advanced Training program from some of the country’s leading IRA experts at Ed Slott and Company, LLC in Coronado, California, David seeks to build the infrastructure that will ensure the continuation and expansion of CFC’s services.
Hays’ affiliation with Ed Slott and Company, LLC, shows that even after a quarter of a century in business, CFC is relentlessly pursuing an expansive knowledge of all aspects of finance that relate to retirement.
As David imagines the next 25 years for CFC, he wants to ensure his employees are still teaching in community colleges and serving businesses through educational seminars. An area for growth will be educating state employees, especially public school educators and administrators.
A revision of David’s book Today’s Guide to Retirement, co-written with Doug Hughes, will be published next year.
Hughes points out: “The traditional view of retirement—work at one place for 40 years, get a pension, collect Social Security—is not relevant now.”
“The new view,” David says, “hinges on you. How do you save enough to have enough retirement income that doesn’t outlast you? We can help you with that!”
*The Roth IRA was established by the Taxpayer Relief Act of 1997 (Public Law 105-34).
Securities offered through J.W. Cole Financial, Inc. (JWC), Member FINRA/SIPC
Advisory Services offered through J.W. Cole Advisors, Inc. (JWCA) and/or Comprehensive Financial Consultants Institutional, Inc (CFCI). Comprehensive Financial Consultants and CFCI/JWC/JWCA are unaffiliated entities.
This content was provided by Financial Service Directory. Kiplinger is not affiliated with and does not endorse the company or products mentioned above.
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