Financial Planner NJ
Financial Planner New Jersey
Finding a full-service financial planner who serves NJ shouldn’t have to be difficult and, neither, should be planning for your financial future – welcome to Mullooly Asset Management, Inc.! Since 2002, our personal financial advisors have served the residents of NJ with results-proven wealth-building campaigns.
Are you ready to ensure your financial ducks are in a row regarding your future and the futures of those, to whom, you wish to leave a legacy? If so, a financial planner from Mullooly can assist with 1) creating a retirement income from investment and retirement accounts 2) minimizing your tax burden 3) paying down any student loans, faster 4) calculating the opportune time to file for Social Security and 5) avoiding costly investment mistakes – and this just scratches the surface.
Establishing a financial plan that, correctly, aligns with one’s life goals – now and into the future – is the golden key that opens doors to wealth building, thereby, creating peace of mind knowing one’s financial future is set in stone!
No one knows more about wealth building than the incomparable Warren Buffet. At 11 years of age, this determined youngster bought his first stock – 6 shares at a cost of $38/share. With a net worth of more than $100.6 billion as of June of 2021, it makes one ponder: “How can I create my own wealth?”.
Though becoming a multimillionaire may be unlikely for most of us, partnering with a Mullooly financial planner is the first step in the right direction to becoming financially independent. We can introduce you to financial-planning options you may have, never, considered!
Our Fee Structure is Crystal Clear
Our NJ clients are, of course, interested in how our team gets paid. Our fee structure revolves around our fee-only financial advisors who are remunerated by the fees our clients pay. As a fee-only investment advisory firm, we are distinct from other financial planners, brokerage firms, and insurance salespeople posing as financial planners because:
- 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.
- We have a fiduciary obligation which keeps our fees as low as possible. As fiduciaries, we are required to be unbiased, transparent, and act in your best interest – and we do!
What are the Components of an Investment Strategy?
An investment strategy is a set of principles that are unique for each of our NJ clients. It is what guides our clients’ decisions based on their goals, risk tolerance, and future needs for capital. Whether you are conservative and would lean more heavily on wealth protection or whether you are aggressive and prefer rapid growth by focusing on capital appreciation, how your investments and financial plannings would be managed would depend on 1) the value of your assets 2) your income amounts 3) the type of retirement lifestyle you are anticipating 4) what you desire to leave behind for loved ones regarding estate planning, and more.
All these factors are key players with how our NJ clients formulate their decisions to meet their aspirations and destinations. Our financial planners would become your personal partners and allies, helping to determine where your money would be best invested to work the hardest and generate the most potent yields and returns.
We’ll Assess Every Nuance of Your Financial Landscape
Creating a sound financial plan would begin with assessing every nuance of your financial landscape now, and into the future, 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, 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!
It’s All About Planning Ahead
It can’t be argued that 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 financial planning, seriously. Keep in mind, financial planning is a process, not a product.
Robert Kiyosaki founded ‘Rich Dad Company’. He hit the nail on the head when he said, “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.”
As expert financial planners, we are here to support you with your investments, retirement planning, insurance needs, tax strategies and more. We can tailor a financial campaign that meets your most valued 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 hand-in-glove 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. 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. We hope it empowers you!
Our Approach is Comprehensive
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 secure, encrypted portal allowing you to upload documents for our team. 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 will, 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 understanding of 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 us and our NJ clients!
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!
Let’s Talk – Your Future is Alive and Waiting
NJ residents can connect with our financial planners by: