Michael Murphy
Michael Murphy is a registered investment advisor at Osaic Wealth, INC., based in Smithtown, NY, with 18 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.
Location
22 Lawrence Ave, Suite 307, Smithtown, NY, 11776
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Regulatory History (1)
Customer Dispute
June 2008Other Business Activities
Michael is a financial advisor at Murphy Financial Group since 2014 and an Investment Advisor Representative at American Portfolios Advisors, Inc. since 2019, dedicating full-time hours to each. He also has 50% ownership in Murphy/Mullick Capital Management, an independent RIA, taking about half of his time, and 90% ownership in A&E Advisory, a personal S Corp, since 2024.
Employment History
Current Registrations
Osaic Wealth, INC.
Murphy & Mullick Capital Management CORP
Osaic Wealth, INC.Broker
Previous Registrations
American Portfolios Advisors, INC
American Portfolios Financial Services, INC.Broker
Cetera Advisors LLC
Cetera Advisors LLCBroker
Investors Capital Advisory
Investors Capital CORP.Broker
Eastbrook Capital Group LLCBroker
State Registrations48 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.