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Dolan, Maloney & Melfa

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Dolan, Maloney & Melfa

Westborough – With the next generation getting ready to come on board, Dolan, Maloney & Melfa Insurance and Financial Services illustrates an important feature of  insurance and investments – stability.

"We've been in business for 25 years," Victor J. Melfa Jr. said. "Tom Dolan's dad, Joe Dolan, started the firm. Our  fathers were all entrepreneurs. Paul's father was  a doctor who ran his own practice and my first job was working for my father, who is the CEO of the Training Associates in Westborough."

That kind of tradition is unusual in this day and age, with Internet businesses offering all kinds of advice and huge companies off ering insurance. For Dolan, Maloney & Melfa, whose partners live and work in the communities they serve, business is more personal.

"One of the keys to our success is the client is our number-one priority," Melfa said. "And we communicate with our clients and work closely with our clients in their insurance, investment and financial planning.

"The business is broken up into two distinct but synergistic businesses. One focuses on the risk portfolio of the client, which is property and casualty insurance from homeowners' to automobile insurance to life, and long-term care insurance. The other focuses on the asset portfolio of the client, which encompasses retirement planning and wealth management. Our goal with our clients is to help grow their assets and protect their assets also. We find that our clients like having both expertise being within the same firm.

"We have long-term relationships with proven, reputable and stable companies," he said. "As independent advisors, we can choose the best solutions for our clients."

Melfa's extensive experience with the financial industry began when he founded Vitronix Corp., named twice in Inc Magazine's top 500 companies, and then was part of a senior management team that took a company public on NASDAQ.

Melfa saw a void in financial planning and wealth management because he recognized that many stockbrokers and financial advisors didn't understand what entrepreneurs and executives were looking for.

Both Dolan and Maloney have extensive backgrounds in insurance, Maloney as an executive with Crum and Forster, a national property and casualty company, and Dolan at Kemper Insurance. Melfa is a Certified Estate Planner, and Dolan and Maloney are Chartered Property Casualty Underwriters.

"They both saw that the typical property and casualty firm did not off er high-level expertise and personal service," Melfa said. "They saw that as a void, and hence the insurance side."

The three partners all have children in college, Melfa said, and it appears that the next generation will be joining their fathers in business.

Not only does the firm have strong family ties, but strong community ties, as well.

"We take a percentage of our profits and donate to many local charities," Melfa said.

The firm also works closely with local estate planning attorneys, accountants and other professional advisors on a client's behalf.

"We care about our clients and their success," Melfa said. "We are very lucky to be in a great community like this."

Dolan, Maloney & Melfa Insurance and Financial Services is located at 141 Turnpike Road, Westborough. For more information, call 508-366-4894 or visit www.dolanmaloneymelfa.com.

Editor's Note: the preceding is not an endorsement and is presented for informational purposes only.

Short URL: http://www.communityadvocate.com/?p=2103

Posted by on Mar 28 2008. Filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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