In a recent article on the blog, I Heart Wall Street, the topic of broker versus adviser was brought up yet again. This is a reoccurring topic within the industry, and it's mostly due to the continued confusion surrounding it. We feel this is a very important...
So you've found an investment advisor you're potentially interested in working with, sounds great. What are the important questions you need to ask him or her before getting started? As an advisor, I know a few questions that investors absolutely need to ask....
"Fee-based...fee-only...same thing, right?". We've heard this before, and if it sounds correct to you then the brokerage industry's obfuscation has succeeded. Just last week, Tom and Brendan discussed why you need to ask how your advisor is compensated. With so many...
Let's lay out a hypothetical situation here: You haven't been feeling well and decide that a trip to your doctor is in order. After describing your symptoms to the doctor, they decide to prescribe you Drug A for treatment. You thank the doctor, fill your prescription...
Here at Mullooly Asset Management, we're a fee-only investment advisory firm. That means we work exclusively for our clients, we don't receive commissions to sell anything. We believe in complete transparency and want our clients to feel comfortable with the...
We frequently discuss the differences between brokers and investment advisors here at Mullooly Asset Management. Whether it's in our posts, on our podcasts, or in our videos, you've likely heard our opinion before, and know that we're fee-only investment advisors. To...
On this week's Mullooly Asset Management podcast, Tom and Brendan discuss an article they recently read. Interestingly enough, the article came from Costco Connection magazine. Not the typical reading material of the Mullooly Asset Management team, but it was a good...
A lot of investors wonder, "What should I pay for investment advice?", and have no idea what sort of answer to expect. There are many factors that go into the cost of investment advice. The biggest factor is what type of investment manager you choose to work with. A...
How much does an investment advisor cost? That's a pretty good question, and one that we hear often at Mullooly Asset Management. Many people see it as some sort of a big secret. You have probably felt that feeling of intimidation before when shopping for car, buying...
