ABOUT MAFFE FINANCIAL GROUP
*Affiliated with Maffe Financial Group
*Additional resources and support providing high quality services.
*Access to many financial service and insurance companies to allow an independent, creative approach to help meet the needs, goals, and objectives of each client.
*Additional in-house support utilizing a team approach while drawing from each individual's expertise.
|States Licensed in:||Jay offers securities in CT, MA and LA. Jay is insurance licensed in the states of CT, MA, RI, ME, FL, LA, and NC.|
|Number of Years with Current Firm:||16|
|I work with the following types of clients:||Businesses , Individual Investors|
|Investment Types:||Mutual Funds , Annuities , Alternative Investments , Exchange Traded Funds (ETFs) , Insurance , Socially Responsible Investments (SRI)|
|I can meet clients in the following ways:||At my office , At your home , Via phone , At your office|
Qualifications & Memberships
|Insurance and Annuity Licenses:||Life , Annuity , Long Term Care|
|Financial Organization Memberships:||National Association of Estate Planners & Councils (NAEPC) , Financial Planning Association (FPA)|
|Advisor's Number of Clients:||200|
|Advisor's Number of Managed Clients:||100|
|Advisor's Number of Planning Clients:||100|
Compensation and Fees
|Fee Structure:||I am a Fee-Based financial professional|
|Minimum Portfolio Size for New Managed Accounts:||100,000|
|Compensation Methods:||Based on Assets , Hourly , Commissions|
|Fee % Based on Assets:||1-1.25%|
|Hourly Rate:||$150- $200|
|Additional Details on Charges:||Based on assets reduce fees|
|Minimum Fee Charged for Managed Accounts:||.50%|
|Minimum Fee Charged for Hourly Planning Accounts:||$150|
|Organization:||Central CT Bus. And Estate Planning Council Middletown, CT|
|Duration :||October 2015-Currently holding|
|B.S - Bus. Admin. Minor Economics||
Central Conn. State University. - New Britain, CT
September 1969- May 1973
Joseph "Jay" Klein is a Registered Representative and Investment Adviser Representative of Equity Services, Inc., and offers securities in CT, MA and LA. Jay is insurance licensed in the states of CT, MA, RI, ME, FL, LA, and NC. *Securities and investment advisory services are offered solely by Equity Services, Inc. Member FINRA/SIPC, 624 Hebron Avenue, Building 3, Suite 100, Glastonbury, CT 06033, (860) 430-1977. Maffe Financial Group and all other entities are independent of Equity Services, Inc. CFP® and CERTIFIED FINANCIAL PLANNER® are certification marks owned by the Certified Financial Planner Board of Standards, Inc. Their marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements. Registered representatives of Equity Services, Inc. do not offer tax or legal advice. For advice concerning your own situation, please consult with your appropriate professional advisor. TC99323(0118)P
Jay is a graduate of Central Connecticut State University, where he graduated with a BS in Business Administration and a Minor in Economics. He has over 30 years of experience in advising his clients regarding their insurance, investments*, and financial needs which also encompasses offering investment advisory services.
Of utmost importance to him is caring for and servicing his clients.
As a Certified Financial Planner® Practitioner, he has undergone rigorous education and testing to meet the standards set by the Certified Financial Planner Board of Standards. He has also obtained additional Professional designations: Chartered Financial Consultant (ChFC), and Chartered Life Underwriter (CLU) through the American College of Financial Servies, Bryn Mawr, PA.
Jay has been an Investment Adviser Representative of ESI Financial Advisors since Feb. 2002. Whether it is an existing client or a new client attention is given to being understanding towards their level of risk, needs, time horizon, and coordinating their investments with their Financial, Retirement, and Estate Plans. Various Institutional, and Non-Institutional investment portfolios may also be considered. Of utmost importance is periodically meeting, reviewing and monitoring investment results.
He is a member of the Financial Planning Association and the Central Connecticut Business and Estate Planning Council, on whose Executive Committee he serves as President.
He resides in Cromwell with his wife Linda and their children.
Financial Planning for Individuals
Offers Fee-Based Financial Planning Services. Uses holistic approach in helping his clients within the financial, retirement planning process. Part of this process is to review cash flow needs, sources of income, investments, other assets, and pension options with an emphasis on tax efficient distribution planning. Further will evaluate when to start receiving Social Security retirement income to maximize distributions based on need for income, health, and survivor benefits.
For those who are concerned about preservation of assets in the event they or family members require Long-Term Care services he has much experience in Long Term Care insurance plans to help pay for expenses incurred when needed. With many clients now collecting from their Long-Term Care Insurance plans he realizes the benefits provided in helping to preserve assets and providing relief to family caregivers. For those who need help with loved ones requiring Long Term Extended Care Services he has many years of experience in analyzing options to help preserve assets for spouse if married and other family members. Additionally, collaborates with and refers clients/ potential clients to Elder Law Attorneys who provide Legal and Medicaid planning. Examines Medicare Supplements, RX Plans, and Medicare Advantage Plans for those who are eligible for Medicare.
Estate Planning & Trusts
Asking clients what planning they have done and if they have legal documents such as wills, trusts, Power of Attorney, and advanced medicare care directives in place. Suggesting consulting with estate planning/elder law attorney if documents are outdated or have not been drafted.
|Mon.||9:00 AM - 5:00 PM|
|Tue.||9:00 AM - 5:00 PM|
|Wed.||9:00 AM - 5:00 PM|
|Thu.||9:00 AM - 5:00 PM|
|Fri.||9:00 AM - 5:00 PM|