Advice   Support   Accountability       Results: Your Financial Independence
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About The Magis Group

About Us

At all stages of life, Magis Group Inc. provides Advice, Support & Accountability for your financial independence.

Executive Team

Jai Ramsawak

Jai Ramsawak

CFP®, ChFC

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

Michael Lopes

ChFC, MBA

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.

The National Association of Personal Financial Advisors

The National Association of Personal Financial Advisors (NAPFA) is the country’s leading professional association of Fee-Only financial advisors—highly trained professionals who are committed to working in the best interests of our clients.

As NAPFA members, Magis lives by three important values:
  • 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.

Our Process

Your Referral

We don’t mind if you speak to one of our clients – in fact, we require it. Find out how we work. Get a feel for our unique approach. If our unique system meets your needs, get a referral to start the process.

Don’t know a Magis Group client? No problem! Click here to submit a no-obligation referral request.

Your Goals

Here’s where we roll up our sleeves and start really getting to know your personal, business and financial goals: Family expansion; Home ownership; Business growth; More free time.

Everyone’s goals are different. That’s why we’ll spend as much time as we need to learn all about yours.

Your Finances

When it comes to financial advice and management, the Magis Group is second to none. Why? Because we are completely independent and objective. No direct affiliations means no restrictions on the advice we give and the products we offer.

We are planners in every sense of the word – not salespeople.

Your Plan

The Magis Group’s role doesn’t end with growing your finances – far from it. This is the part where we synthesize your business and personal goals into a concrete, easy-to-follow plan tailored to meet and exceed your every ambition.

Best of all, we offer all the support you’ll need in order to get there.

Your Results

We’ll stay with you step by step to ensure that you get the results you need, day in and day out. And we don’t get paid unless your plan is in place and your goals are being met.

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.

Charles Schwab on the importance of independent advice.

Susan: Easing Back, Giving Back

Steve: Investing for Three Generations

5 key benefits of independent Registered Investment Advisors

registered investment advisor1.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.

©2013 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.  CS17023-06 (1112-6546)  ELC64022-01 (06/13)

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fee-lgWorking With a Fee-Only Firm

  • A fee-only firm provides services strictly based on fees.
  • A fee-only firm does not receive any commissions from institutions or products they recommend to clients.

Benefits

  • The Magis Group does not sell products; we provide suggestions based on what’s most appropriate for our clients.
  • We have no restrictions, which means our clients have access to all products in the market. Which allows us to shop for the most appropriate and cost-efficient products.
  • The fee-only model allows us to provide our clients with objective advice that best meets their specific needs.
  • Our clients fully understand our compensation. There are no hidden fees or charges.
  • The Magis Group works for you, not for a brokerage firm, bank, or institution. Our success is directly linked to that of our clients.
  • The Magis Group holds some needs-based low-fee slots.

For further details regarding our fee structure, please see our Form ADV below:

Magis Group ADV

The Road to Financial Independence Starts Here

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