Mr. Thomas E. Connors, CFP®

Island Financial Advisors

http://www.islandfinancialadvisors.com
(732) 505-9444

Contact Thomas

(732) 505-9444

Use this form to send a message directly to this CFP® professional.

Your Name

Phone Number

Email Address

Contact Preference

Phone

Oops, something went wrong. Wait a moment and try again.

I consent to receive marketing messages from CFP Board and its partners. View privacy policy.

I agree to the terms of use.

Thank you!

We've sent your request to this planner. You should hear from them shortly via your preferred contact method.

professional profile

Year CFP® Certification Received

2010 | view current certificate

Planning Services Offered

Investment Planning
Estate Planning
Insurance Planning
Tax Planning
Retirement Planning
Comprehensive Financial Planning

Your Minimum Investable Assets
Toggle Tooltip

Close Tooltip
Investable assets are what you own that can easily be turned into cash and invested, such as bank accounts, stocks, mutual funds and bonds. Some financial advisors – especially those who charge clients a percentage of the assets under their management – require their clients to have a minimum amount of investable assets.

No Minimum

Languages

English

Payment Options

When hiring a CFP^{®️️️️️️️️} professional, it's important to ask how your advisor expects to be paid for services rendered. Different financial advisors may charge differently, or one financial advisor may offer several different ways that clients can choose to pay.

Understanding Payment Models

Disclosures

CFP Board Public Disciplinary History

Effective Date: 10/3/2017

In August 2017, CFP Board’s Disciplinary and Ethics Commission (Commission) issued an order in which the Commission imposed a two-year suspension on Mr. Connors. The Commission issued its order after determining that Mr. Connors failed to provide his firm with prior written notice of three outside business activities. First, Mr. Connors charged 47 advisory clients a “one-time set-up fee” when they opened their accounts, despite being informed by his supervisor that he could not charge such fees. Second, Mr. Connors charged 32 clients for his services in preparing their tax returns and received payment directly from clients. Third, Mr. Connors received commissions for selling insurance products directly from outside insurance carriers. The Financial Industry Regulatory Authority, Inc. (FINRA) determined that Mr. Connors’s conduct violated FINRA Rules 3270 and 2010. FINRA suspended Mr. Connors from associating with any member firm in any capacity for 14 months, fined him $40,000 and ordered him to pay approximately $6,000 in hearing costs. The Commission also determined that Mr. Connors failed to cooperate with CFP Board’s investigation and obstructed CFP Board’s staff in the performance of its duties when he failed to contact his former firm to request information to a client arbitration. The Commission determined that Mr. Connors’s conduct violated Rules 4.3, 4.4, 5.1 and 6.1 of the Rules of Conduct and provided grounds for discipline pursuant to Articles 3(A) and 3(D) of CFP Board’s Disciplinary Rules and Procedures. Mr. Connors’s suspension is effective from October 3, 2017 until October 3, 2019.

Disclosure Under CFP Board’s Prior Bankruptcy Disclosure Procedures
Toggle Tooltip

Close Tooltip
Until June 30, 2020, CFP Board made public disclosures about CFP® professionals who had filed a personal or business bankruptcy. These were disclosures and not disciplinary actions or sanctions. These disclosures stay on CFP Board’s website for 10 years. There are more details below on this page.

CFP Board of Standards sets and enforces the requirements for CFP^®️ certification. All CFP^®️ professionals pay an annual certification fee to CFP Board and do not pay any additional fee to be included on the Find A CFP^®️ Professional website.

Disclosure Information

CFP Board makes available information that a CFP® professional has provided about his or her practice. CFP Board also provides information about any CFP® professional that CFP Board has publicly disciplined or any professional who made a bankruptcy disclosure to CFP Board (more details about bankruptcy below). We cannot guarantee the information the CFP® professional has provided is accurate or complete. You should verify the accuracy of the information yourself.

While the information on this website may be useful to you, there may be more information from other sources you will need or want. Provided below are links to other sources of information about CFP® professionals that may be more recent or that may contain information that has not led to CFP Board discipline and does not appear on CFP Board’s website. The information may include customer disputes, disciplinary actions taken by a regulator or employer, certain criminal matters, and certain financial matters (such as bankruptcy proceedings and unpaid judgments or liens). The links provided below may provide additional information only if the CFP® professional is subject to the oversight of that regulator or SRO. If the CFP® professional is not subject to their oversight, then the link will not provide access to any additional information about that person.

You can find information about CFP® professionals who are subject to Financial Industry Regulatory Authority (FINRA) or Securities and Exchange Commission (SEC) oversight through FINRA’s BrokerCheck and the SEC’s Investment Adviser Public Disclosure databases. Both are free tools you can use to conduct research.
Visit your state securities regulator’s website for more information about brokers and investment advisers and your state insurance department website for more information about insurance professionals.
Visit the Office of the Comptroller of the Currency (OCC) website to search for enforcement actions against individuals who are subject to OCC oversight.
Conduct an Internet search on the CFP® professional’s name (and business name).

About Bankruptcies

Effective June 30, 2020, CFP Board may publicly sanction a CFP® professional for a personal or business bankruptcy that violates CFP Board’s Code of Ethics and Standards of Conduct. (There is no violation if the CFP® professional can make a case that the bankruptcy does not reflect on the professional’s ability to responsibly manage his or her own financial affairs or the financial affairs of the business.) You can find public sanctions in the “CFP Board Public Disciplinary History.” Under the “Prior Bankruptcy Disclosure Procedures” that applied from July 2012 – June 2020, CFP Board published information about a CFP® professional’s verified single bankruptcy in a press release and on CFP Board’s website. These were disclosures, not discipline or sanctions, and remain on CFP Board’s website for 10 years. You may learn more about the disclosure procedures here. You can learn more information about a bankruptcy filing at the U.S. Court’s website. You will be required to register and pay a nominal fee to view the information on that website.