Timothy C Womack, CPWA, CPFA, CFP, CRPC

Assistant Vice President
Wealth Management Advisor
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Merrill Lynch
Wealth Management

I focus on addressing the investing and fiduciary responsibilities of institutions as well as the wealth management needs of individuals and families. I work closely with clients to determine their needs so that we can craft customized financial strategies to help them pursue their goals.

Profile

Tim joined Merrill Lynch Wealth Management in 2013 as a financial advisor on an established team. His focus is on developing long term relationships with his clients that are based on trust, integrity and excellence. Tim offers consistent, thoughtful advice and guidance across the spectrum of wealth management to high-net-worth individuals, affluent families, successful business owners, executives and retirees. He works together with clients to help preserve their assets and income throughout their lifetimes, while building a legacy for future generations. Tim’s approach is holistic, incorporating wealth management strategies, estate planning services and tax minimization into his investment management to develop and maintain a customized financial strategy for each client. With a keen eye toward risk his disciplined process leverages off the teams combined 50 years of experience and the vast global resources of Merrill to help support their clients as they face a unique set of wealth management issues.

He spent a good portion of his financial career on the front lines, trading in the derivative markets at the Chicago Mercantile Exchange and the Chicago Board Options Exchange. A successful profession of putting his own capital at risk across multiple asset classes gives Tim a unique perspective. His understanding of risk and its role in asset allocation is critical in structuring optimal portfolios to suit his clients' needs.

An important aspect of Tim's process is before he makes a single recommendation he seeks to understand his clients' personal and financial circumstances in full. This knowledge enables him to develop a personal relationship with each individual, family, or business owner and create a strategy that is capable of evolving as each client's circumstances change. As a result, he recommends financial strategies that are simultaneously integrated and flexible, reflecting each client's long term goals, risk tolerance, time horizon, liquidity needs, income-tax considerations, and overall investment allocation.

Tim graduated from Michigan State University with a bachelor’s degree in Finance and an emphasis on investments. Tim carries the CERTIFIED FINANCIAL PLANNER™ certification awarded in the U.S. by the Certified Financial Planner Board of Standards Inc., the Certified Private Wealth Advisor® (CPWA®) designation, which is a professional certification for advisors who serve high-net-worth clients awarded by the Investments & Wealth Institute™ and the Chartered Retirement Planning Counselor, CRPC® designation, awarded by the College for Financial Planning Institutes Corp. Tim is also licensed as an agent for life and health insurance in the state of Illinois, as well as a State-Licensed Mortgage Loan Originator (NLMS ID: 1170710). He and wife, Betsy, live in Winnetka, Illinois with their two daughters, Reese and Molly.


*Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

*Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.

I follow the deep-seated Merrill tradition of participating in the communities we serve. This drives my interest in spending time volunteering with organizations in our community.

  • EDUCATION

    Michigan State University

Professional Staff

Supported by the global resources of Merrill, my team is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personalized service.

Additional Resources

The following specialists do not make securities recommendations. Please contact your Merrill Lynch Wealth Management Advisor if you have questions about how a specialist might be able to assist you.

Julie Novitskiy

Wealth Management Banking Specialist

Merrill

Marcy O'Brien

Wealth Management Lending Officer

Bank of America, N.A.

NMLS #559813

Where do we begin? It starts with you.

At Merrill Lynch Wealth Management, your financial advisor focuses on the things you care about most- family, goals and priorities - even as they change over the years.

Understanding Your Life

Approach

Every relationship begins with a conversation, helping you identify and prioritize which goals matter most to you. Whether it's transferring wealth to the next generation, customizing your financial approach to help you pursue your passions, or providing advice and guidance to help you stay informed, I start by listening to learn more about you and your family.

Capabilities

Merrill’s process is designed to help deliver a customized, comprehensive experience to assist you not only in wealth accumulation and preservation, but in areas that go beyond investments. Providing you with access to the investment insights of Merrill, trust and fiduciary services from Bank of America Private Bank, and the banking and lending solutions of Bank of America offers a way to help you manage all of the pieces of your financial life. Working one-on-one with a Merrill advisor means you have a single point of contact to help you with potential strategies for transferring wealth to the younger generation.

Focus On Individuals, Families and Small Businesses

I believe that financial success can be achieved when you’re able to make investment-related decisions and trade-offs that can help you reach personally meaningful goals. Whether you’re planning your retirement, saving to buy a home or funding a child’s education, the process begins by getting to know you and how you feel about the following:

  • Health: Managing healthcare expenses, now and in the future
  • Home: Upsizing, downsizing, remodeling or buying a vacation home
  • Family: Taking care of your family and other people in your life
  • Leisure: Spending your free time in meaningful ways
  • Giving: Volunteering, mentoring others and giving to charities
  • Work: Working in retirement, selling or starting a business
  • Finance: Bringing it all together and defining your financial goals

Success will be measured by the amount of progress you are making toward reaching your goals, making thoughtfully considered adjustments as events and conditions warrant.

This material should be regarded as general or educational information on healthcare or Social Security considerations and is not intended to provide specific healthcare or social security advice. If you have questions regarding your particular situation, please contact your legal or tax advisor.

Your approach to investing

Drawing upon research in the field of behavioral finance, Merrill developed the Investment Personality Assessment to help us get to know you better as an investor and potentially help you refine your own investing preferences. By gaining a deeper understanding of how you think and feel about investing through this assessment, we can customize the financial approach we develop together to help you pursue what matters most to you. Our Investment Personality Assessment is one of the ways to help us get to know you - to understand your goals and priorities. These questions will help us provide you with additional insights and resources.

Understanding your goals and priorities

Your life and goals change. We have tools to help you keep track of these changes so they can be reflected in your financial approach.

Philosophy

I believe the best financial approach is the one that helps you pursue your goals. That's why, from the start, we talk about your aspirations and encourage you to ask questions about issues that matter most to you. Calculating how to manage future health care expenses? College on the horizon? Considering the sale of a business or purchase of a home? Preparing to pass your wealth to future generations? It all starts with a plan intended to help you manage, grow, and preserve your wealth today, while also considering the impact it can have for years to come. With access to the investment insights of Merrill and banking solutions from Bank of America, I will work with you to develop an approach designed to help address your financial needs.

Welcome

My mission, first and foremost, is to understand you and what matters most to you. Armed with that information I can ask thoughtful questions -- listening carefully, then understanding in detail where your wealth stands today and where you’d like it to be tomorrow. I help you design and implement a personalized plan intended to help you and your family pursue financial goals while helping manage investment risk. My approach is to focus on potential solutions that can help turn goals into reality.

Staying on Track

We understand that both your life and the financial markets can change over time. By checking in to discuss changes in your life and revisiting your financial approach, our goal is to help you stay on track to achieve what's most important to you.



Reviews to help you
stay on track

We’ll meet with you to review your goals and the progress you’ve made toward reaching them. We’ll also discuss any adjustments needed to your financial approach to help you stay on course.



    Changes in your life
    and to your goals

    Your life and goals change. As these changes occur, we can update your approach to reflect them.

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      Let’s Have a Conversation

      Helping you reach your goals starts with getting to know you personally. Through understanding what matters most to you, together I can help you create a financial approach that reflects your personality. Only then can I offer an approach that is built around your life priorities and the advice you need to help you address fluctuations in the market and changes in your life. Let’s work together to help you achieve your goals.

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      No question too big or moment too small
      For every question you have, every decision you make and every answer you need, we are with you to listen and help guide you along the many paths your life can take. Watch this video to see some questions we can address together.


      The Power of the Right Advisor®
      Working with a dedicated Merrill advisor means you get personalized investment strategies from Merrill plus access to comprehensive financial solutions only Bank of America can deliver.

      Personalized advice from a dedicated financial advisor.

      We get to know you and your family, your financial situation and what matters most to you.

      A comprehensive approach, built around your life’s priorities.

      Drawing from our experience and the best thinking of Merrill, together we will design an approach that reflects your unique needs, priorities and financial situation.

      Adjusting your investment approach as your life and the markets change.

      We will work to help you stay on track, regardless of what the markets are doing.