Clay Simmons has worked over 25 years in the Financial Services industry. His experience is extensive, starting in the insurance industry in the late 80’s, and then beginning his investment advisory career with Morgan Stanley in 1997. After being promoted to Vice President, he was then offered a position with Morgan Stanley’s Private Wealth Management. There, he worked with Morgan Stanley’s highest net worth clients providing investment solutions.
Clay founded TCS Financial, LLC in 2009 with the idea to work unencumbered from the distractions and priorities that often arise within a big firm setting. In many instances, these firm priorities do not run consistent with client goals.
As a fee only advisor, Clay strives to deliver solutions that are appropriate and in the best interest of each client served.
He has been married for 26 years to his wife Kathy. They both enjoy the great golf courses of Scottsdale and especially the wonderful winter weather.
Education: Business Management Oklahoma University. Series 7,63, 65, AZ Real Estate Licensed. Played golf collegiately and as a professional on the South African Tour.
The firm’s objective in working with individuals and businesses is to help them define and reach their investment goals. A well-defined plan starts with a proper allocation between stocks, bonds and cash, emphasizing large companies that pay dividends and increase those dividends annually. This dividend strategy has a long track record of success, given that since 1940 dividends have been the main contributor to total returns in equity investments. In this period, dividends and dividend reinvestment accounted for over 90% of the total return for the S&P 500.
Along with this income strategy and the fact that we live in a technological age like no other, owning companies that have profound effects on the way we live and work can be very rewarding.
Processes are in place that defines fair value for each company owned, then are managed based on that value. This tactical approach consists of buying and adding positions when below fair value and maintaining or selling when above fair value.
Regardless of age, the dividend approach keeps investors owning companies that are healthy and returning cash to shareholders for reinvestment. These processes along with realistic expectations supply the discipline, which is the foundation for successful investing.
Planning Process for Prospective Client:
• The first meeting is a Discovery Meeting. This is an opportunity for us to get to know each other in a confidential setting at no cost and with no further obligation. Information is gathered and terms are discussed.
• Once a mutual decision has been made to move forward, a plan is created and implemented. Future client meetings will depend on the client needs. Most clients choose to meet annually, semi-annually, or quarterly.
• Clients will have the ability to view assets in real time via online access directly thru the custodian’s portal. In addition, clients will receive regular statements.