Mullooly Asset Management, Inc. (Wall Township)

Name: Mullooly Asset Management, Inc.
Address: 2052 Highway 35, Wall Township, NJ, 07719
Telephone: 732-223-9000

Mullooly Asset Management, Inc. is a large advisory firm based in Wall Township. It manages $199.48 million of regulatory assets for 1,659 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, New Jersey, New York, Pennsylvania, and South Carolina.

Mullooly Asset Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mullooly Asset Management: assets under management

The assets under management (AUM) of Mullooly Asset Management, Inc. is $199.48 million. The firm's AUM has grown by 60% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $197.95 million in discretionary accounts and $1.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $120.26 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $117.61 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mullooly Asset Management, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Thomas Peter Mullooly serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Thomas Peter Mullooly is individuals with 677 clients and $158.93 million of assets under management. Among the 6 most similar advisory firms, Mullooly Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $199.48 million for 697 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Mullooly Asset Management doesn't advise any private funds.

Careers at Mullooly Asset Management, Inc.

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Peter Mullooly	President/chief compliance officer	1 May 2002	75% - 100%	1198938

Based in Wall Township

The principal office where Mullooly Asset Management, Inc. performs its advisory services is located at 2052 Highway 35, Wall Township, NJ 07719, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 732-223-9000 or by fax 732-223-9600. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at mullooly.net and its LinkedIn profile.