Welcome to Murray Financial!
Murray Financial, Inc. (MFI) is an independent Registered Investment Advisory (RIA) and financial planning firm that provides hourly and fee-based advice. Our goal is to develop and implement strategies that help our client's reach their major financial goals and, as a result, provide financial peace of mind.
How RIAs Differ from Brokers:
- As Registered Investment Advisory Firm (RIA), MFI has a fiduciary duty to put client's interest ahead of our own. Registered Represnentatives (i.e. brokers) have a duty first to their brokerage firm. The client comes 2nd.
- For investment advice, we are paid solely by our clients - either as an asset-under-management fee or by the hour. Brokers are paid in a variety of ways (commissions, fund overrides, sales bonuses, etc...) many of which can create a conflict of interest. For example, if Fund A & Fund B are similar and suitable for the client, the broker can choose the fund that has a higher commission - regardless of whether or not it is best for the client.
- With few exceptions MFI recommends low-cost index exchange traded funds (ETFs) or index mutual funds. (Why? See investment philosphies below). Brokers need high cost mutual funds or commissions to generate income for their firm.
All MFI clients have an Investment Policy Statement which describes how their investments accounts will be allocated. Quarterly rebalancing instructions will ensure that the investments remain on target.
For investment management, MFI follows these Six Principles and Practices:
1. Faith – that the United States, and in aggregate, world economies will continue to grow and outpace inflation as they always have – long term.
2. Patience – in our approach and management of long term investments. We are following time-tested investment strategies that need time to work.
3. Discipline – to consistently adhere to and fully embrace the current investment plan, regardless of market conditions. We will take action based on a set plan as opposed to a reaction to market movement or news.
1. Asset allocation – establishes a stock to bond/cash ratio that is appropriate for the investor’s circumstances and helps reduce the likelihood of panic selling at a market low and/or euphoric buying at market highs.
2. Diversification – spreads risk among numerous asset classes so that a single category or security’s decline will not, in a significant way, adversely affect the performance of the portfolio.
3. Rebalancing – takes advantage of market volatility by selling categories that have outperformed others (selling high) and uses those proceeds to purchase categories that have underperformed (buying low).
Click here for MFI Newsletters: ====>>> MFI Newsletter Link <<<====
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Tim's Note: The vast majority of those in the financial services industry do not have a fiduciary duty to put their client's best interest ahead of their own or their company's interest. The Financial Planning Association (FPA) has sued - and won - to require brokers that act as advisors to be licensed as advisors. The Dodd-Frank Wall Street Reform and Consumer Protection Act passed into law on 2010 addresses this issue. However, it is such a dramatic change to Wall Street's "business as usual", the SEC has still have not formulated a plan to make changes.
Looking for a financial planner? Check out this guide!
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Read this before making any rash moves.
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