Wealth Management Firms NJ
Wealth Management Firms New Jersey
Welcome, you have reached Mullooly Asset Management! Since 2002, we have been the wealth-management firm that individuals and families in New Jersey have relied on when ready to pursue their financial life-goals. Accumulating personal wealth is more than just money – it’s confidence in your future and leaving a meaningful legacy for those you love.
Wealth management involves a multitude of moving parts – like parts of a fine-tuned engine that ensure people arrive at their destination. In this case, it’s about financial destinations that become realized through our certified financial planners.
Where do you see yourself 15 or 20+ years from now? Are you hoping to attain a retirement lifestyle that is debt-free? Are you hoping to enjoy a permanent income flow once you retire? Here is a sobering statistic from the US Office of Personnel Management: Women’s average total retirement savings is about $23,000 while men’s average total retirement savings hover at $76,000 – this is not where you want to find yourself!
Also, retiree expenses average between 70% to 85% of pre-retirement income – a ballpark estimate to be adjusted depending on how extravagant or frugal one’s retirement lifestyle might be. But it’s not the statistics that matter. What matters is how earnestly one feels about becoming financially independent – whether years before retirement or by the time it comes knocking on one’s door.
If you find yourself ready to pursue controlled spending, employ financial planning strategies, and utilize sound investment campaigns, you are where you need to be – right here with our firm who is ready to become your wealth-management ally!
Our Fee-Only Structure is Simple and Upfront
Our fee-only financial advisors are compensated by the fees our clients pay. As a fee-only wealth-management firm, we choose 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, at all times!
You Need to Know What You May Not Know
Francis Bacon – an English philosopher – wisely stated, “Money is a great servant, but a bad master.” Once we are under money’s thumb with overwhelming debt or poor money-management behaviors, we become its slave. Making sure your life, a couple decades from now, doesn’t carry on that ‘tradition’, is crucial. This is where sound wealth-management firms, such as Mullooly, can make a dramatic financial impact in peoples’ lives.
To plan wisely for your future, there are a few things you need to know that you may not think much about:
Know your monthly expenses – where does all your money go each month? Our wealth-management team will get to know your numbers and build a cash-flow report and projection.
Abide by a dedicated financial plan that is focused on a distinct and desired outcome. Without a serious and committed financial plan in place, most people move through their lives like a ship without a sail, and end up wherever they end up – don’t you deserve better than that?
Make sure your Will and Power-of-Attorney are in place. A financial power-of-attorney is a required tool in estate planning.
Keep the compounding going – don’t interrupt it. Compound growth works in an exponential manner where small, initial investments can, and do, turn into small fortunes!
Our wealth-management firm will work with you to ensure your money is working for you in worthwhile and productive ways. When that happens, it generates one thing money can’t buy: peace of mind! Are you ready to discover where your money would be best positioned to work the hardest and generate the highest yields and returns?
If so, it begins with determining:
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!
You Can Plan for Tomorrow, Today!
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 and 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.”
As a wealth-management firm, Mullooly covers the spectrum of financial preparedness and retirement readiness. The future can feel very uncertain, but isn’t it nice to know your financial security will be waiting for you when you need it the most, during your retirement years!
We’re Family Owned
Located on the Jersey Shore, our family business does not 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 – Comprehensively Crafted
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!
Financial Peace-of-Mind is Waiting – Let’s Talk!
NJ residents can connect with our wealth-management firm by: