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
Standing Together for a Cause: CIC’s Impact at Light The Night
The CIC team recently came together for the East Tennessee Light The Night event at Covenant Health Park, and it proved to be an extraordinary evening of generosity, teamwork, and community impact. The new venue provided an exceptional setting for an event that brought together individuals and organizations united in support of the Blood Cancer […]
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 […]
CIC Services Announces The 60 Day Captive Insurance Countdown For 2025
In today’s uncertain environment, one fact is increasingly evident: businesses need both greater insurance protection and stronger financial stability. A captive insurance company is the only strategy that delivers both.