J. Murphy Asset and Tax Management provides investment management through a wrap fee program or third-party managers. They also offer financial consulting, which includes reviewing outside investment accounts and providing investment recommendations. Financial planning services cover portfolio customization, investment strategies, retirement planning, tax optimization, and estate planning. Clients can impose restrictions on investments.
Fee Structure
J. Murphy Asset and Tax Management offers investment management through a wrap fee program (details in Appendix 1) or by recommending third-party managers. If using Integrated Capital Management (ICM), the combined annual fee for J. Murphy and ICM is based on a percentage of your portfolio, and it varies depending on whether your account is primarily invested in stocks or fixed income.
For equity accounts (30% or more in equities):
- $50,000 to $249,999: 1.50% per year
- $250,000 to $499,999: 1.50% per year
- $500,000 to $999,999: 1.25% per year
- $1,000,000 to $2,999,999: Negotiable
- $3,000,000 and over: Negotiable
For fixed income accounts (70% or more in fixed income):
- $50,000 to $249,000: 1.20% per year
- $250,000 to $499,999: 1.20% per year
- $500,000 to $999,999: 1.10% per year
- $1,000,000 to $2,999,999: Negotiable
- $3,000,000 and over: Negotiable
Fees are billed quarterly in advance. The annual fee may be negotiable based on various factors. Accounts within the same household may be combined for a reduced fee.