Timothy W. Wyman, CFP, JD | Source | Managing Partner at Center for Financial Planning

Timothy W. Wyman, CFP, JD

Managing Partner at Center for Financial Planning
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Timothy Wyman, CFP®, JD, is the Managing Partner and CERTIFIED FINANCIAL PLANNER™ professional at Center for Financial Planning, Inc.® Tim earned a place on Forbes’ Best-In-State Wealth Advisors List in Michigan in 2019 for the second consecutive year. He was also named a 2019 Financial Times 400 Top Financial Advisor.

A leader in his profession, Tim has served on the National Board of Directors for the 28,000-member Financial Planning Association. He frequently speaks to organizations and businesses on financial planning topics. A frequent contributor to national and local media, he has made appearances on Good Morning America Weekend Edition and WDIV Channel 4 News, and has contributed to articles in Forbes, The Wall Street Journal, Money Magazine, SmartMoney, The Chicago Tribune, and other national publications.

Tim has been an active community volunteer over his 25+ year career serving several organizations. He currently serves on the Albion College Endowment Investment Committee.

Education:
- Juris Doctorate, Cum Laude, Detroit College of Law at Michigan State University, admitted to practice law in the State of Michigan
- Bachelor of Arts, Economics & Management, Albion College

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  • “Advisors are in the unique position where as revenue goes down, service needs to be at its highest. So keeping our team in place is really important,” said Timothy Wyman, managing partner at the Center for Financial Planning in Southfield, Mich., which has $1 billion in AUM. “We think that it’s people over profits and [we] won’t be doing any layoffs. It’s not only crucial for firms to be running a fiduciary practice at this moment, they also have to be running a solid business. You have to be both. Time will tell how many are able to do it,” Wyman said.

  • Regarding recent market volatility: “If you have the proper asset allocation based on your goals and, most importantly, time frame, along with an adequate cash bucket, then the correct action is no action.”

  • "It’s always been challenging for financial advisors to devote time and attention to succession planning. In the current pandemic environment, advisors are even more stretched, trying to stay connected to clients, keeping them informed, and still dealing with the normal activities of running a planning practice. That's why we have developed the tuck-in strategy -- which produces a triple-win when done right -- at the Center for Financial Planning."

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