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Maguire Financial Group

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Founded: February 22nd, 2007

Designations:

  • CPA
  • ChFC
  • PFS
  • AEP
  • CLU

License(s) and/or Registration(s):

  • Life
  • Life Settlement
  • Variable
  • Annuities
  • Securities Series 6
  • Series 63
  • Series 7

“Are you currently involved in a lawsuit with a client? If so, please describe the lawsuit in detail.”- No

“Have you been in a previous lawsuit with a client? If so please describe the lawsuit in detail.” – E&O settled arbitration 9/2021 with client through Finra and my broker/dealer at the time, KESTRA. The case was settled without either party admitting guilt. I am unable to attach the explanation letter here, however I am happy to provide if requested.

“Are you currently involved in a regulatory action with your regulatory agency? If so, please describe the lawsuit in detail.” – No

“Have you been in a previous regulatory action with your regulatory agency? If so please describe the lawsuit in detail.” – No

 

Describe your firm in your own words and the types of clients that you typically work with:
We are a boutique life insurance company focusing on ultra high net worth clients ($20M plus net worth). My background as a CPA, and as a Big 4 accounting firm tax partner, gives me the ability to integrate income tax and estate tax planning into the selection and placement of life insurance.

How are you compensated for your work? List your compensation methods out in detail:
Commissions and consulting fees

What is the one standout detail about your firm that clients find with your firm that they have not found elsewhere?:
I have a very strong tax consulting background that most of my competitors lack.This allows me to very efficiently integrate life insurance into estate planning. I am also an owner in Lion Street, one of the most prestigious life insurance platforms; with significant resources that I am able to leverage.

 

 

Tom Maguire

Tom Maguire is President of Maguire Financial Group and services ultra high net wealth individuals as well as both public and private companies throughout the United States. He attended the University of Notre Dame, graduating in 1974. Mr. Maguire spent most of the first twenty-nine years of his career in public accounting, including 20 years as a tax partner in the Phoenix office of Big Four accounting firm KPMG. His role at KPMG involved running the Personal Financial Planning practice for the firm in Arizona. He worked with ultra high net worth individuals including several of the Forbes 400. Mr. Maguire provided sophisticated income tax and estate planning services in conjunction with the client’s team of advisors. He also worked extensively advising clients in the areas of business succession planning and tax planning for the entities that these clients controlled. Today, Mr. Maguire continues to provide similar services to clients, in addition to integrating life insurance into their overall financial planning.

Credentials
In addition to being a Certified Public Accountant (CPA), Mr. Maguire is a Chartered Financial Consultant (ChFC), a Chartered Life Underwriter (CLU), and holds a Personal Financial Specialist (PFS) designation from the American Institute of CPAs. He is also an Accredited Estate Planner (AEP), a designation granted by the National Association of Estate Planning Councils. KPMG capitalized on his experience by making him the Professional Practice Partner – Tax for Phoenix, San Diego and Orange County. He was also a member, along with approximately eight other partners, in the Personal Financial Planning Core Strategies Group, a “think tank” group that met regularly in Washington, DC. The purpose of the group was to identify tax planning opportunities for the core tax practice. Mr. Maguire is a member of the Professional Advisory Board for the Arizona Community Foundation and the Professional Advisory Board of Phoenix Children’s Hospital. He is a former member of the Board of Directors and past President of the Central Arizona Estate Planning Council; a former member of the Arizona Board of Directors for Childhelp USA and the Board of Directors of the Juvenile Diabetes Research Foundation.

Penny Brown-Johnson

As Operations Manager for Maguire Financial Group, Penny is the acting liaison between clients and associates to manage the underwriting workflow completely. By assuring productivity and efficiency over its multiple operations and processes, Penny aims to ensure the company is performing towards its best potential.
Prior to joining Maguire Financial Group, Penny worked as the Accounts Manager for a large architectural firm. Most recently, she worked as the IT Clinical Applications Specialist for a well-known medical imaging provider.

Penny holds a Bachelor’s Degree in Global Health from Arizona State University.