Broker Check

Investments and Wealth Management

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Investment and Wealth Management 

We live in an age of rapid change and constant communication. Dozens of outside factors have an affect on our personal investments. Global economic movements, tax law changes, interest rate fluctuations, wars, policies, etc. can have a tremendous impact on your portfolio. All this information can be overwhelming for some investors and can cause impulsive reactions, or avoidance. For many people, keeping up with the markets on a daily basis is just not at the top of the list. This is where professional money management holds value. We are managing your investments, while you are focused on your life. Our management style is geared around your risk tolerance, time horizon, tax situation, and goals. Our portfolios range from ultra-conservative to aggressive growth and everywhere in between. Your portfolio will be custom tailored to your distinct situation, and will be professionally managed and monitored.


We do not pick "hot stocks" or chase trends. We are not a discount brokerage that offers free trades and zero commissions. We are a full service wealth management firm that can assist you and your family build and maximize your wealth in the most tax-effective manner allowed by law.


*Disclosure* Investing in securities involves risk of loss that clients should be prepared to bear. No investment process is free from risk and no strategy or risk management technique can guarantee returns in any market environment. There is no guarantee that any investment will be profitable. Past performance is not indicative of future results. The bottom line is exposure to any investment involves risk. If you are averse to taking any risk with your money, we can discuss fixed and guaranteed alternatives. After a thorough assessment, we will be better able to show you options that fit your risk assessment. 

To complete our risk assessment profile: click here

 

Fee-Based Advisory Services

Our fee is based on a percentage of the assets that we manage for you in our investment advisory management. This is very different than commission based financial products. You should be aware exactly how your financial advisor is compensated. The three most common forms of compensation are:

1) Commission: A flat percentage is charged up front. Annuities, life insurance, and mutual funds are commonly compensated by commission.

2) Fee-Based: A percentage is charged  based on AUM(Assets Under Management) 

3) Fee-Only: A fixed amount is charged in exchange for financial advice.

Below is an example of how we are compensated for money management in our advisory accounts: 

If we manage $100,000 in our advisory and our agreed fee percentage was 1.25%, then we would earn $1,250(100,000x1.25%). If we managed to grow the account to $200,000 then our fee would be $2,500(200,000x1.25%).
 

Also, if that same account decreased to $50,000, our fee would reduce to $625 (50,000x1.25%). As you can see from this example, our compensation is aligned with your success.

 A commission based broker earns a flat commission percentage for soliciting the business and gets the fee regardless of performance. Commission based products are fine if used properly. The first question you should ask is are they doing it for you? or themselves?

 

Fiduciary 

The term gets a lot of mileage, but what does it mean? Fiduciary is a standard of higher care and fiduciaries are legally and ethically required to act in your best interest before their own. Not all financial advisors are fiduciaries. It's up to you as a consumer to ask and determine if you want your advisor held to this higher standard.

 

How We Work:

All investment and portfolio decisions are based on a clear understanding of each client's goals, priorities, and risk tolerance. Our process begins with a conversation. If we proceed to implementation, you can expect a thorough diagnosis of the following:

1) Cash flow and current asset/portfolio analysis

2) Both short term and long term goal creation/review

3) Income tax analysis of past 2 years

4) Risk assessment

5) Portfolio model creation and implementation

6) Quarterly reports identifying performance and monthly communication

 

Where is My Money?

We do not hold client funds at Murphy Wealth Management. Our custodian of client funds is National Financial Services LLC, a Fidelity Investments Company which currently services 18.9 million accounts representing 1.7 trillion in assets. 

For more information on NFS click here

 

Who is Avantax? 

Joseph R. Murphy is an Investment Adviser Representative with Avantax Advisory Services, a Registered Investment Adviser. Avantax Wealth Management was founded on the belief that a comprehensive, tax-smart approach can address the client’s goals of minimizing taxes, maximizingwealth, increasing cash flow and enabling better long-term financial outcomes. Since 1983, Avantax Wealth Management (formerly HD Vest) has provided advisors with tools, processes and platforms to accurately and efficiently combine tax focused decisions and wealth management strategies to help optimize a client’s financial success.

Ranked as one of the top 15 broker-dealer firms1, there are more than 3,500 Avantax Financial Advisors managing over $45 billion in assets across the nation2.

 

 

1Think Advisor 2019 Broker-Dealer Reference Guide, which measured/ranked the top 25 independent broker-dealers by annual revenue.

2As of June 5, 2019

 

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