At Mullooly Asset Management, Inc., our family of advisors works with clients in a few different formats. No matter the specific format advice is given in, clients of the firm can rest assured it will be fee-only and will come from a fiduciary.
Our different offerings, what they include, and their cost are all outlined below in our Client Service Matrix:
For clients who choose to engage Mullooly Asset Management, Inc. for a full financial plan and ongoing investment management, the annual fee will be calculated based on the value of the assets being managed (subject to a $1,000 annual minimum fee). Ongoing investment management fees based on assets will be calculated as follows:
Our annual investment management fee is billed and payable quarterly, in advance, based on the value of the accounts under management on the last day of the prior quarter.
A client who has engaged Mullooly Asset Management, Inc. for financial planning and ongoing investment management services, with $950,000 in assets, is being billed today. We take the value of their assets ($950,000), and apply it to the fee schedule above to find an annual fee of 0.50%. 0.50% of $950,000 is $4,750. We divide $4,750 by 4 to reach their quarterly bill, which would be $1,187.50.
*The fee schedule above is for new clients of Mullooly Asset Management, Inc. Certain legacy clients may be billed under a different fee schedule.
...And We Deliver!
Get our updates delivered right to your inbox.
Sign up and get a copy of our report: The Eight Big Mistakes Many Investors Make.