About The Magis Group
At all stages of life, Magis Group Inc. provides Advice, Support & Accountability for your financial independence.
Jai Ramsawak is a Certified Financial Planner, holds the CFP® and ChFC designation, is a private pilot, aircraft owner and founder of the Magis Group, Inc. He holds a Master’s Degree in Economics from Fordham University.
Jai holds the IRS Enrolled Agent designation, allowing him to represent taxpayers before the IRS regarding tax matters.
Jai and his family reside in both Westchester County, NY and San Diego, CA. He has been an active supporter of the Leukemia & Lymphoma Society. Since 2007 he has committed to running at least two marathons per year in support of the LLS.
Michael Lopes began his career as an intern with the Magis Group, Inc. in 2011 after graduating with his Bachelor’s degree.
He has since continued his formal education and has earned his MBA at Iona College. He has also earned the ChFC designation (Chartered Financial Consultant) from The American College.
An avid off-roading enthusiast, Michael currently resides in Thornwood, NY and spends at least one week per month in San Diego, California, where he’s developing the company’s secondary business: The Oaks at Sacred Rocks.
Geremy Graham joined the Magis Group, Inc. as an intern in 2017.
Geremy graduated with a Bachelor’s Degree from Penn State University in 2011 and earned a Master’s Degree in Business from NYU in 2014. For the past three years, he has been involved in administrative support & client service.
Geremy is a lover of the outdoors and enjoys traveling. He was born and raised in Philadelphia, PA and currently resides in San Diego, California.
The National Association of Personal Financial Advisors
- To be the beacon for independent, objective financial advice for individuals and families.
- To be the champion of financial services delivered in the public interest.
- To be the standard bearer for the emerging profession of financial planning.
Charles Schwab Institutional
Charles Schwab Institutional provides The Magis Group Inc. with the processes, products and people that support our day-to-day operations, allowing us to focus upon providing objective advice to our clients.
With industry-leading asset management, a dedicated team of experts and a complete range of institutional-quality financial products, Charles Schwab ensures that our clients have what they need at all times.
LTC Planning Group of New York
The LTC Planning Group of NY is part of the LTC Global network.
A group of 20+ experienced professionals with a specialty in serving the LTC insurance needs of our communities.
Each agent/representative brings at least 10 years of industry experience, and is fully licensed with each state where we serve the financial needs of our clients.
Don’t know a Magis Group client? No problem! Click here to submit a no-obligation referral request.
Everyone’s goals are different. That’s why we’ll spend as much time as we need to learn all about yours.
We are planners in every sense of the word – not salespeople.
Best of all, we offer all the support you’ll need in order to get there.
It all comes down to putting our money where our mouth is and leading by example – and THAT is truly the Magis Group Difference.
What is a Registered Investment Advisor?
A Registered Investment Advisor (RIA) is a professional advisory firm that offers personalized financial advice to clients.
- Many independent RIAs work with complex portfolios requiring highly customized investment management, strategy, and consultation.
- Many independent RIAs are owned by the individual advisors who run them.
- Many independent RIAs provide advice and services for a fee based on a percentage of their client’s assets.
- RIA firms have a fiduciary duty to act in the best interest of their clients.
Why Choose an RIA?
Watch three stories about people using a Registered Investment Advisor to meet their goals.
5 key benefits of independent Registered Investment Advisors
1.Tailored advice based on your goals. Many Registered Investment Advisors (RIAs) believe that their independence is key to offering advice that’s best for you.
Whether you need help with retirement planning, a tax situation, estate planning, or managing assets at multiple places, it’s fundamentally important that your advisor truly understands you, your goals, and your situation. Many RIAs are in a position to do that and pride themselves on having strong personal interaction with their clients and being dedicated to their clients’ needs. They believe that their independence is key to offering investment advice based on what’s best for their clients.
2. You know what you’re paying for. Typically, fees are based on a percentage of assets managed.
This fee structure is simple, transparent, and easy to understand, and it gives your advisor an incentive to grow your assets.
3. Advice for your complex needs. A rich diversity of specialization among RIAs means you can likely find one to provide the type of advice you need.
Many independent RIAs provide services that address a variety of complex investment needs that often arise when you accumulate significant wealth, such as assisting you with the sale of a business, complicated tax situations, trusts, and intergenerational issues. Some advisors are specialists in certain investment strategies. Others can assist you with comprehensive services, such as estate planning or borrowing. Given the amount of specialization throughout the industry, no matter how complex your individual needs, you will likely find an independent RIA who can provide advice that’s right for you.
4. A different kind of relationship. RIAs typically form close relationships with clients and have a strong sense of accountability.
The goal of an RIA is to help find solutions that are closely aligned with their clients’ needs and objectives, and many independent RIAs enjoy a deep, personal relationship with their clients. This often takes regular, ongoing interactions. And because many independent RIAs are entrepreneurial business owners, the buck stops with them, so to speak, and they frequently have a strong sense of personal accountability to their clients.
5. You know where your money is held. RIAs often use institutional custodians—such as brokerage firms—to safeguard clients’ assets.
These custodians also provide important infrastructure services, such as executing trades and preparing monthly brokerage statements for clients. This helps an RIA focus on understanding your needs and providing the best advice possible.
The above information is not our property and was retrieved from RIA Stands For You. For further information and related readings please visit www.riastandsforyou.com
This content is made available and managed by Charles Schwab & Co., Inc (“Schwab”). The purpose of this information is to educate investors about working with an independent Registered Investment Advisor (RIA). Schwab provides custody, trading, and operational support services for RIAs. Many RIAs are registered with the Securities and Exchange Commission (SEC) or state securities regulators and are subject to the Investment Advisers Act of 1940. Registration does not mean a government agency approves an advisor or reviews his or her qualifications. Many independent RIAs and other financial services professionals receive compensation for services in a variety of ways. It is the responsibility of each investor to determine which method of compensation offers the lowest total costs and best aligns the interests and needs of the investor with those of the investment professional chosen.
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