Joseph J. Hasson Jr. (“Advisor”) provides general portfolio advice to clients within the context of the
client’s overall financial position. Due consideration is given to the client’s risk tolerance, financial
objectives, and the time horizons utilized for goal attainment. Advisor encourages clients to maintain
contact with him should parameters for managing their accounts change. In addition, Advisor makes
effort to speak with clients on a regular basis. Advisor does not participate in any “wrap fee programs”.
Advisor is a SEC – registered advisor and has been for approximately 27 years. Advisor has no immediate
subsidiaries. Advisor operates as a single practitioner and owns 100 % of the advisory business. Advisor
runs the practice of a general financial planning, money management, and tax advisory business. Advisor
limits investment advice to individual stocks, individual bonds, mutual funds (open-end and closed-end),
exchange traded funds (ETF’s), and master limited partnerships. Domestic, as well as international
securities are also included. Advisor is the only non-client person authorized to make position changes in
a client’s account. Clients have the ability to place transactions in their own accounts either via the
telephone or on-line through a Fidelity website. This is discouraged, but is made available in the event
the Advisor is incapacitated in some way, thus providing some level of continuity and protection for a
client’s assets.
All client assets are custodianed with Fidelity Investments, “a qualified custodian”. Clients give Advisor
trade authorization on their behalf to buy and sell securities for specific broad categories of investment
products. Clients may impose restrictions on investing in certain securities or types of securities. Fidelity
provides custodian generated trade confirmations, monthly statements, yearend tax reporting
statements, and access to a real time account management system that is password protected and
available to a client on a 24/7 basis. Advisor does not provide any statements to clients. Thus all
notifications to clients are provided by an independent third party. All client assets are managed on a
discretionary basis and such assets, termed regular assets, totaled $94,754,577 of 12/31/2023.
Advisor has over 47 years of investment experience. Advisor has held senior operating positions in
several Wall St. firms
including Merrill Lynch (Managing Director) and Donaldson Lufkin and Jenrette (Sr.
Vice President and principal). Advisors education includes a BS in mathematics/physics with Distinction
from the United States Naval Academy (1966) and an MBA from Columbia University Graduate School of
Business (1972). At Columbia, Advisor was admitted to Beta Gamma Sigma (national honor society in
business) and was the Bronfman Fellow during his stay. Additionally, Advisor is enrolled to practice
before the Internal Revenue Service (Enrolled Agent).
Effective October 12, 2010 the SEC amended Form ADV, part 2B. to provide that an advisor “may list any
professional designation held by the supervised person. “If the advisor chooses to do so, the advisor
“must provide a sufficient explanation of the minimum qualifications required for each designation to
allow clients to understand the value of the designation.” The following information will serve to meet
this requirement.
• IRS Circular 230 (Revision 4-2008) enumerates the Regulations Governing the Practice
of Attorneys, Certified Public Accounts, Enrolled Agents, Enrolled Actuaries, Enrolled
Retirement Plan Agents, and Appraisers, before the Internal Revenue Service. Section
10.4 provides that: The Director of the Office of Professional Responsibility may grant
enrollment as an Enrolled Agent to an applicant who demonstrates special competence in
tax matters by written examination administered by or administered under the oversight
of, the Director of the Office of Professional Responsibility and who has not engaged in
any conduct what would justify the censure, suspension, or disbarment of any Practitioner
under the provisions of this part. Continuing Education for Enrolled Agents consists of
the completion of 72 credit hours of study for the 3 year period preceding the effective
date of enrollment to practice. Each year of 3 year cycle is termed an enrollment year,
and an Agent must complete a minimum of 16 hours of Continuing Education including 2
hours of Ethics or Professional Conduct. An Enrolled Agent has the same standing before
the IRS as a Certified Public Account with respect to tax matters. More information on
Enrolled Agent can be found on the IRS website
, www.irs.gov, by searching for Circular
230.