Murphy Wealth Management Group

**Murphy Wealth Management Group Summary:** Established in March 1991 by Daniel J. Murphy Jr., Murphy Wealth Management Group offers fee-based investment advisory services and financial planning primarily to individual and high-net-worth clients. The firm transitioned to offering investment advisory services directly in December 2015. They provide ongoing investment advice through custodial accounts at LPL Financial, offering services on a discretionary basis with a minimum account value of $100,000. As of November 21, 2024, the firm manages over $215 million in discretionary assets. Investment strategies are tailored to individual client needs, utilizing fundamental and technical analysis, as well as Modern Portfolio Theory. **Fees and Compensation:** Fees are based on a percentage of assets under management, with a standard fee schedule ranging from 0.70% to 1.25%. Financial planning and consulting services are offered on an hourly or fixed fee basis, with fees negotiable based on the scope of services. The firm does not accept performance-based fees. Clients may incur additional charges from third parties, such as mutual fund fees and transaction charges. **Other Financial Industry Activities:** Murphy Wealth Management Group's investment advisor representatives are also registered representatives of LPL Financial, offering insurance products on a commission basis. The firm receives support services from LPL Financial, including custody of securities and trade execution. Daniel J. Murphy has received Restricted Stock Units from LPL Financial, presenting a potential conflict of interest. **Investment Discretion:** Clients can engage the firm on a discretionary basis, granting full authority to Murphy Wealth Management Group for investment transactions. Clients have the option to place restrictions on certain types of investments. This summary is based on the information provided in the Murphy Wealth Management Group brochure as of January 2025. Clients are encouraged to review the full brochure for comprehensive details.