Mullooly Asset Management

First step in the process is a "Fit Meeting." This is strictly an introductory meeting. Bring no documentation. Ask all the questions you want, no decisions are made. We typically follow up 24-48 hours afterwards. If both parties agree it is a good match (a "fit"), then we proceed to next steps.

Once we both mutually agree to work together, the planning process begins. We first listen to the client, to gain a true understanding of their needs and goals. Then we gather the appropriate information in order to truly grasp the client's situation. We begin building their personalized cash flow and balance sheet. At that point in the process, we want to present this information and further discuss next steps, inclusing any possible changes to asset allocation or investments. We monitor the progress toward the goals and review with the client, on an agreed-upon periodic basis.

The investment industry uses terms interchangeably. A wealth manager is often another term for a stock broker. These professionals are often compensated based on the transactions they perform in client accounts, which leads to conflicts of interest. We are fee-only investment advisors and fiduciaries. Which means we always do what is in our client's best interest and are only paid by our clients.

No. We are not attorneys. But we would be happy to refer anyone looking for this to a trusted attorney who is well-versed in writing wills/trusts.

If your goal is to help future generations of your family, yes. We can certainly work with you and help you pass assets to next generations.

No. We are not attorneys. But we would be happy to refer anyone looking for this to a trusted attorney who is well-versed in writing wills/trusts.

We are well-versed in estate planning and consider "planning your estate" to be part of everyone's overall financial plan. However, we are not estate attorneys.

Yes. Many high net worth individuals come to us to help manage the growing complexity of their financial situation.

Our typical clients are individuals and families working toward, or on the cusp of, or already in retirement. Most of our clients come to us because their investment accounts and financial situations have grown too large, or too complex, for them to handle on their own.

We meet quarterly as a team to review our rules-based investment decision making process. We aim to capture trends but not be moved around by "market noise." All investments made for clients are driven by the financial plan and goals we identify together.

Yes. We regularly recommend accountants or attorneys to clients, if asked. We do not receive any financial incentives by doing this. The other professionals we recommend are only based on their strong standing and professional work.

Yes. Our financial planning process can help determine the best way to save for and pay for college.

We can provide advice on your 401(k) account but we will not directly manage it.

Yes. The majority of our clients are located in New Jersey, but we do have clients in multiple states. Zoom has helped with this.

Hi Megan and thanks for your question! Asset Management centers around how your portfolio is allocated among different investments. In other words, how your money is invested. Wealth management takes a broader view. For example, how does your income look as you approach retirement? Or, how do we pay for college? Wealth management also looks at how to save more, and reduce debt. Another area for wealth management addresses insurance needs - do we have enough life insurance? What if someone becomes disabled, will we be OK? Wealth management includes asset management and helps paint the picture why investments are made, and how they fit in the overall picture. Great question, Megan. Thank you for asking!