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. We are not paid commissions (as brokers do) for investment management and advice. Our goal is to develop and implement strategies that help you reach your major financial goals and, as a result, provide financial peace of mind.
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How RIAs Differ from Brokers:
- As a Registered Investment Advisory Firm (RIA), MFI has a commitment to, and a fiduciary duty, to put client's interest ahead of our own. Registered Representatives (i.e. brokers) have a duty first to their brokerage firm, then the client comes second. At Murray Financial you, our client, always come first.
- For investment advice, we are paid by our clients not by commission - either as an asset-under-management fee or with a financial plan, by an hourly rate. 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, a broker can choose the fund that pays a better commission - regardless of whether or not it is best for the client. We work for you.
- With few exceptions MFI recommends low-cost index exchange traded funds (ETFs) or index mutual funds. (Why? See investment philosophies below). Brokers recommend high cost mutual funds or commissions to generate income for their firm. Our commitment is to your best interest.
All MFI clients are provided with an Investment Policy Statement which describes how your investments accounts will be allocated. We analyze your finances, provide ongoing expert guidance on changes neede, and implement quarterly rebalancing recommendations to ensure that your investments remain on target.
For investment management, MFI follows these Six Principles and Practices:
1. Faith – that the United States, and in totality, 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 use time-tested investment strategies proven 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 movements 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 long-term 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).
Follow this link for archives of MFI Newsletters: ==>>> MFI Newsletter Link
Check out one of our great newsletters or articles!
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Tim's Note: Unlike Murray Financial, the vast majority of people in the financial services industry are not required to put their client's best interest ahead of their own or their brokerage/investment company's interests (i.e. do not have a fiduciary duty). The Financial Planning Association (FPA) has sued - and won - requiring registered representatives/brokers, who act as advisors, must now be licensed as advisors.
Additionally, the SEC has been urged to "implement a uniform fiduciary duty for broker-dealers and investment advisors where the standard is to act in the best interest of the investor," citing the negative impact on individuals, capital markets, society and the economy when advice is driven by an advisor's self-interest or their brokerage company's interest. When brokers are paid commissions it may result in conflict of interest to you, their client.
The good news is that this change will better protect financial investors. Murray Financial, as an RIA, has always had a fiduciary duty to put clients' interests first.
Not sure if your broker is RIA? You MUST KNOW. Contact us today and we'll help you find out.
Email: TimMurray@MurrayFinancial.com or fill out our contact form (above) on this page.
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