Trusted Captive Insurance Manager
Tim Welles
Business Development
Tim’s 26-year financial services career began in 1989 as the Director of Risk Management for Pi Kappa Phi Fraternity where he oversaw the risk management and insurance programs for the fraternity’s four entities and 130 undergraduate chapters.
Early in his career as a financial services consultant Tim earned his CFP (Certified Financial Planner) designation and held the series 7 and 63 licenses. Tim has practiced as a financial consultant in the areas of employee benefits, investments, life insurance and qualified, and non-qualified retirement plans. In 2000, Tim co-founded, and was a principal, at Benefits Management Group, Inc. Much of Tim’s work during the course of his 25-year career has been with owners of privately-held companies.
Tim served as the Chapter Advisor of the Alpha Sigma Chapter (University of Tennessee) of Pi Kappa Phi for many years and is currently a member of the chapter’s housing corporation board. Tim has been a member of Cedar Springs Presbyterian Church in Knoxville, TN for approximately 20 years.
A native of Buffalo, New York, Tim received his BBA in Finance from the University of Oklahoma.
Tim, his wife of 24 years, and their children reside in Farragut, Tennessee.
Recent Industry News
Kadau v. Commissioner — Captive Insurance that Wasn’t
The recent memorandum decision in Kadau v. Commissioner (T.C. Memo. 2025-81) provides a clear example of how the Tax Court currently analyzes micro-captive arrangements. Importantly, the opinion does not create new law; rather, it applies the well-established captive-insurance framework developed in Avrahami, Reserve Mechanical, Caylor, and Syzygy. We have previously distinguished how our clients do […]
United in Hope: CIC Services Leads Community Fight Against Blood Cancer
On November 6, CIC Services had the privilege of joining the East Tennessee community at Covenant Health Park in Knoxville for the annual Light The Night event. The evening was a powerful reminder of what can be achieved when people unite around a shared purpose. Surrounded by lanterns glowing in honor of survivors, in remembrance […]
CIC Services Appoints Jackson Arms as Vice President of Risk Management Consulting
CIC Services, LLC, a leading risk management consulting firm specializing in the formation and management of captive insurance companies, has named Jackson Arms vice president of risk management consulting. His appointment strengthens the firm’s advisory capabilities at a time when businesses across industries are increasingly looking to captives to gain more control over risk financing […]
CIC Services Accepted Into Forbes Finance Council
CIC Services has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms. Randy Sadler, principal and CMO for CIC Services, was selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record […]