NJ Wealth Management
New Jersey Wealth Management
Welcome to Mullooly Asset Management, Inc. – serving NJ individuals and families since 2002. It is, here, where you will find wealth-management strategies, backed by disciplined approaches, rooted in evidence-based solutions.
Wealth management – many have heard the term but may be unsure of what it involves. First and foremost, wealth management is a pursuit, not a product and, as such, it entails miniscule details as well as the big picture that frames the quality of one’s financial future.
At Mullooly, our wealth-management experts work with clients as we, collectively, explore and clarify their life goals and financial aspirations. Those goals and aspirations cover the gamut from creating retirement income, minimizing tax burdens, addressing Social Security & Medicare quandaries, avoiding investment blunders, and so much more!
Through the lens of wealth building and wealth management, our team would analyze every element of your life – current and future – that has a $ sign attached to it. We would pinpoint which financial strategies and approaches would work best towards ‘manicuring’ your long-term financial landscape.
We are a fiduciary which means we have a legal responsibility to position our NJ clients’ wealth-management needs as a top priority – and we do! Not only that, but as seasoned financial planners, we ethically pledge to put our clients’ needs first – that’s our promise to you!
No brokers, no commissions, no products we wish to sell – just prudent, insightful advice that would allow your money, assets, and investments to work for you in mighty ways!
You’re Never Too Young to Invest!
When we say ‘you’re never too young to invest’, we mean that! Take, for example, an 11-year-old boy in Omaha who couldn’t shake the ‘investment bug’ once he purchased his first stock – 6 shares at a cost of $38/share – back in 1942. That now-famous investor has a net worth of more than $100.6 billion as of June of 2021 – enter Warren Buffet!
We’re not suggesting you will become a multimillionaire through wealth-building campaigns, but we are suggesting that partnering with a Mullooly financial planner means you would have a dedicated wealth-management partner available, at all times, who would help you navigate your financial future and instill a sense of certainty during uncertain times. At Mullooly, we can introduce you to wealth-management options you may have, never, contemplated!
Our Fee Structure – Simple and Straightforward
Our NJ clients are interested in how our team gets paid. Our fee-only financial advisors are compensated by the fees our clients pay. As a fee-only investment advisory firm, we prefer to break away from the pack of other financial advisors, brokerage firms, and insurance salespeople posing as financial planners. Our NJ 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!
Wealth Management Allows Your $$ to Work for You!
Whether you are 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, how your wealth-management 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.
Our wealth-management experts would become your personal partners and allies, helping to determine where your money would be best positioned to work the hardest and generate the highest yields and returns.
Zeroing In on the Details
Creating a wealth-management plan that meets your needs, now and into the future, ensures your financial ducks are in a row. A huge takeaway from all this is enjoying one thing money can’t buy: peace of mind!
It begins with assessing every nuance of your financial panorama and asking germane 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 Matters – It Opens Tomorrow’s Doors
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’. He was spot-on 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.”
Struggling, financially, does not have to be one’s future reality. Our financial planners and advisors will tailor a wealth-management campaign that will align with 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 financial ambitions. 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 secured encrypted portal allowing you to upload documents to share with 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 our team 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!
Become Your Money’s Master – Let’s Chat!
NJ residents can connect with our wealth-management team by: