Professional Fee-Only Financial Planner NJ
Fee-Only Financial Planner New Jersey
Thank you for visiting Mullooly Asset Management! As fee-only financial-planners, we have served individuals and families in NJ since 2002. We are, ethically and legally, bound to serve our clients’ best interests. It is our fiduciary responsibility and it is our fiduciary priority!
You may be surprised to learn that not all financial-planners embrace that philosophy. In fact, some make money by selling their clients products that do not contribute to their clients’ financial well-being. The National Association of Personal Financial Advisors states that a fee-only financial planner is one who incorporates the most transparent and most fair compensation – we agree!
Our team of fee-only financial planners does not work with brokers; we do not accept commissions, and we never attempt to sell irrelevant products in order to line our pockets. Instead, we offer expert-led advice and evidence-backed wealth-building strategies that have been proven to, optimally, establish stabilized financial futures.
At Mullooly Asset Management, our holistic approach revolves around our assessment, consideration, and integration of all areas of personal-finance management. We reveal the big picture to our NJ clients who glean a clear understanding of how assets, planning, and investments pave the way for financial independence when they will need it the most – during retirement years.
Should I Invest as Early as Possible? – Yes!
Plants need soil, sun, and moisture to grow abundantly. Ideally, planting at the right time adds increased predictability and assurance that a crop will generate the most abundant harvest. Money is much the same. It requires time, proven financial strategies, and wise investments to create maximized growth and generous returns on investment. Here, too, the right timing can play a critical role. Financial investments and strategies, begun early, are known to generate maximally-robust financial outcomes.
Our Fee-Only Structure is Easy
Our NJ clients are interested in how our financial planners get paid – as they should be! Our fee-only financial advisors are compensated by the fees our clients pay. As a fee-only investment advisory firm, we prefer to operate differently than other financial advisors, brokerage firms, and insurance salespeople posing as financial planners. Our clients appreciate the fact that:
- We receive no hidden fees, kickbacks, or commissions.
- Our fees are billed, quarterly, in advance – we offer online bill pay.
- Fees are based on the total value of one’s assets we have under our management, on the final day of the prior quarter – we make it easy for you to calculate your fee. For potential clients with less than $250,000 in investable assets, we offer a monthly subscription service.
- Our fiduciary obligation keeps our fees as low as possible and compels us to remain unbiased, transparent, and act in your best interest, at all times!
Our Financial Plans Allow Your $$ to Work for You!
Whether you are more conservative and would lean more heavily on wealth protection or whether you have a more aggressive spirit and would seek rapid growth by focusing on capital appreciation, your Mullooly financial planner would become intimately familiar with every nuance of how your investments and financial plannings should be/would be managed.
Your financial plan/wealth-building strategies would hinge on 1) the value of your assets 2) your income amounts 3) the type of retirement lifestyle you anticipate 4) what you desire to leave behind for loved ones regarding estate planning, and more.
Our wealth-management experts are ready to become your personal financial partners, helping to determine where your money would be best positioned to work the hardest and generate the highest yields and returns.
The Details Determine the Big Picture
What kind of relief might you feel if all your financial ducks were in a row – for the here-and-now as well as into the future? When you know your money is working for you in effective, worthwhile, and productive ways, it generates one thing money can’t buy: peace of mind!
That peace-of-mind can begin to be felt as we assess every trajectory of your financial panorama and address relevant questions regarding:
Your Income Needs
- How much will you need, upon retirement?
- What will be its sources?
- What age would be the most advantageous to begin Social Security?
- From which investments should you draw income?
- Which pension option might be best
You want a consistent and reliable stream of income during your retirement years!
Your Investment Needs
- What degree of risk are you willing to embrace?
- Will your investments be, correctly, coordinated?
- Will you utilize low-cost investments?
- Will your ROI be commensurate with the risk amount you are taking?
You want to earn potential gains with a portion of your assets in the market!
Your Health Needs
- How will you navigate Medicare?
- How will you pay for medical expenses not covered by Medicare?
- Will you require, or opt for, long-term care insurance?
You want your assets shielded from skyrocketing health-care costs!
Your Tax Needs
- How will your tax requirements be minimized?
- Would a Roth conversion work well for you?
- How ‘tax efficient’ will your withdrawal strategy be?
- Will you be able to bypass capital-gains tax?
You want to utilize strategies that will reduce your tax burden and not allow taxes to derail your retirement!
Your Estate Needs
- Are your transfer-of-wealth designations and/or beneficiary designations in place?
- What might be included in your will, power-of-attorney, and healthcare directives?
- Will you require a trust?
You want to leave a meaningful legacy to those you love!
Today is the Tomorrow You Thought About Yesterday
Time is fleeting, and the ‘tomorrows’ fly by in an instant. Some things, such as planning for your future, have only so much time to become maximally fruitful. What we do today leads us to tomorrow’s destination. According to Bankrate, 61% of American consumers wouldn’t have $1,000 in savings to cover an emergency expense. This, powerfully, demonstrates the critical importance of taking wealth management seriously.
Robert Kiyosaki founded ‘Rich Dad Company’. His insight on money is unarguable, and he stated, “It’s not how much money you make, but how much money you get to keep, how hard it works for you, and how many generations you keep it for.”
Struggling, financially, does not have to be one’s future reality. Our financial planners will tailor a wealth-management campaign that will help you attain your most coveted aspirations!
We’re Family Owned
Located on the Jersey Shore, our family business doesn’t utilize call centers – when you contact us, you will reach one of our team members. Our four financial experts – Tom Mullooly, Owner and Founder of Mullooly Asset Management, Inc., and three sons – work, in unison, serving hundreds of families in NJ. We, currently, manage $315 million in assets.
We would love to meet with you to discuss your ambitions and destinations, but if you feel you’re not quite ready to take the first step towards financial security, download our free report: 4 Steps to Prepare for the Next 25 Years. May it empower you!
Our Approach Touches All the Bases
Fit Meeting: This is a 20-30 minute meeting via zoom, over the phone, or at our office. There is no obligation. We wish to become acquainted with you and become familiar with your financial objectives. This is an ideal time for lots of questions! Are we a good fit? Let’s find out!
Data Gathering: If the fit is one that is mutually agreeable, we would create a secured and encrypted portal allowing you to upload documents to share with us. Our ongoing communications would align with your preference – email, zoom meetings, phone calls – whatever works best for you!
Planning Review: Here, we begin putting together the building blocks of your financial plan. We would, also, construct a balance sheet and personal financial statement based on the information you have provided.
Measuring Risk: Determining your tolerance for risk is extremely important, and we have the tools to measure that. We would, also, measure the amount of risk embedded in your existing investments. At this point, we would have a good feel for the next move forward.
Specific Investment Discussion and Implementation: A specific investment path would be discussed as well as how to, ideally, implement it. As a fiduciary, we are mandated to fully understand your situation prior to making investment recommendations and planning suggestions. This method has proven to work very well for our NJ clients as well as our team!
If you are ready for a Fit Meeting, at a date and time that caters to your schedule, just click https://mullooly.net – we look forward to meeting you!
Become Your Money’s Master – Let’s Chat!
NJ residents can connect with our team of fee-only financial planners by: