| Advisor Profile |
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| Name: |
Michael A. Malleo, RFP |
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Business Description |
Primerica's mission is to help families become properly protected, debt-free, and financially independent.
As your financial advisor, my goal is help you create an easy-to-follow long-term game plan. Through our diagnostic tool, the Financial Needs Analysis (FNA), we can create a snapshot of your current financial situation. We can then construct action plans and strategies to help you achieve your goals.
Primerica offers clients low-cost Term Life insurance, Long-Term Care insurance (Genworth), Investments such as Managed Mutual Funds, IRAs, Education Funding Accounts, Variable Annuities (MetLife), and Business Retirement Plans.
By appointment only. |
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General Information |
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| Name of Broker/Dealer: |
PFS Investments, Inc.
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| States Licensed in: |
NJ. NY, VA
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| States Willing to do Business in: |
NJ
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| Years of Experience in Financial Services: |
10
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| Number of Years with Current Firm: |
10
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| I work with the following types of clients: |
Businesses, Individual Investors
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Services |
| Investment Types: |
Mutual Funds, Insurance, Annuities
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Registered Financial Planner (RFP), Chartered Mutual Fund Counselor (CMFC®)
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| Securities Licenses: |
Series 63, Series 6
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| Insurance and Annuity Licenses: |
Variable Life, Long Term Care, Variable Annuity, Life, Health
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| Financial Organization Memberships: |
National Association of Insurance and Financial Advisors (NAIFA)
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| Non-Financial Organization Memberships: |
New Jersey Young Professionals (NJYP)
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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Compliance |
| Registered Representative: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| Fee Structure: |
I am a commission only financial professional
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| Minimum Portfolio Size for New Managed Accounts: |
$100,000
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| Compensation Methods: |
Commissions
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| Prepared By: |
Michael A. Malleo, RFP |
Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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There is no refund, because there is no fee. Our Financial Needs Analysis (FNA) is free. |
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| Q. |
What are your qualifications? What is your education background? |
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I am a Registered Financial Planner (RFP). I am also completing courses to earn the Chartered Mutual Fund Counselor (CMFC) designation. |
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What is your approach to financial planning? |
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I prefer to take a no-pressure educational approach. The first meeting is an educational and fact-finding meeting. I’ll discuss my company and our concepts, and then gather information about your personal finances. I prefer not to talk about specific products during the first meeting. |
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What services do you offer? |
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I offer clients a customized, complimentary, Financial Need Analysis (FNA). Through the FNA, I am able to offer clients the optimal amount of Level Term life insurance, Long-Term Care insurance, as well as create personal budgets, debt elimination plans, and diversified mutual fund portfolios. I also offer IRAs, education funding accounts, variable annuities, and small business retirement plans. |
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Will you be the only person working with me? |
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How are you compensated? How will I pay for your services? |
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I am 100% commission. I believe that this is to your benefit. Since I only am paid when you purchase a product, I have to not only give you my very best recommendations; but I must also ensure that your plan is easy to follow and that you are completely comfortable in following it long-range. |
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If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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Do you offer any guaranteed results? |
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How much risk should I be willing to take? |
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That answer depends on your time horizon, age, goals, and a variety of other factors. I have to meet with you and conduct a fact-finding meeting to give you any type of recommendation. |
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| Q. |
Have you ever been charged with any breaches? |
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What carrier(s) do you represent? |
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Primerica Life Insurance Company, PFS Investments Inc. |
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Are there any pre-existing conditions that you can not cover? |
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Heart attack, heart surgery, stroke, diabetes – these will make you uninsurable for our life insurance. |
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How long does it take to complete the application and approval process? |
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Is there a maximum age that you can insure? |
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What services do you provide? What are your specialties? |
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I offer clients a customized, complimentary, Financial Need Analysis (FNA). Through the FNA, I am able to offer clients the optimal amount of Level Term life insurance, Long-Term Care insurance, as well as create personal budgets, debt elimination plans, and diversified mutual fund portfolios. I also offer IRAs, education funding accounts, variable annuities, and small business retirement plans. |
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What is your experience? How many clients do you currently manage? |
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I have 10 years experience. |
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What financial institution(s) do you represent? |
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Primerica Life Insurance Company and PFS Investments Inc. Fund familes that I offer are: Legg Mason ClearBridge, Pioneer, AIM, Van Kampen, American Funds, Franklin Templeton, Fidelity, MFS, Alliance Bernstein, Putnam. Annuity - MetLife |
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How do you charge for your services? |
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I do not charge a fee, I am 100% commission. I believe that this is to your benefit. Since I only am paid when you purchase a product, I have to not only give you my very best recommendations; but I must also ensure that your plan is easy to follow and that you are completely comfortable in following it long-range. |
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Do you provide a free initial consultation? |
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What are your qualifications? |
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I am a Registered Financial Planner (RFP). I am also completing courses to earn the Chartered Mutual Fund Counselor (CMFC) designation. |
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How long does the process of setting up an Education Plan usually take? |
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30 minutes or so. Depends on how many questions you have. |
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What financial institutions do you represent? |
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I represent PFS Investments inc. The fund companies we offer for Coverdell Accounts are Legg Mason ClearBridge, Pioneer, AIM, Van Kampen, American Funds, Franklin Templeton, Fidelity, MFS, Alliance Bernstein, Putnam.
529 Plan companies - Legg Mason, Van Kampen. |
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| Q. |
How many years of experience do you have? |
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What are your fees for this service? |
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I am 100% commission. I believe that this is to your benefit. Since I only am paid when you purchase a product, I have to not only give you my very best recommendations; but I must also ensure that your plan is easy to follow and that you are completely comfortable in following it long-range. |
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| Q. |
Do you provide a free initial consultation? |
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| Q. |
What are your qualifications? |
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I am a Registered Financial Planner (RFP). I am also completing courses to earn the Chartered Mutual Fund Counselor (CMFC) designation. |
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| Q. |
How long does the process of rolling over a 401K plan usually take? |
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What financial institutions do you represent? |
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PFS Investments Inc. We offer the following fund companies: Legg Mason ClearBridge, Pioneer, AIM, Van Kampen, American Funds, Franklin Templeton, Fidelity, MFS, Alliance Bernstein, Putnam. |
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| Q. |
How many years of experience do you have? |
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| Q. |
What are your fees for this service? |
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| Q. |
Do you provide a free initial consultation? |
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