A recent study found that most US households with $100,000-$500,000 in assets do not have a formal retirement plan and have not spoken to a financial advisor. Many people do not contact an advisor due to fear, lack of trust, or not wanting to appear unintelligent. The podcast discusses different types of financial advisors and how they are paid, such as fee-only, commissions, or a mix of fees and commissions. It cautions listeners that the podcast is not investment advice and to consult an advisor before making investment decisions.

1. Mullooly Asset Management Podcast
October 24, 2012
Mullooly Asset Management October 2012

2. Alarming Stats
 Most households in US with $100,000-$500,000 in
assets have no formal retirement plan
 Many have not even spoken with a financial adviser
According to a Cerulli Associates study released October 2012
Mullooly Asset Management October 2012

3. Why is That?
 Some can handle things on their own
 People are untrusting of the stock market
 Recent Wells Fargo survey showed 70% of surveyed
people NOT confident in stock market
 A lot of people simply “guess” on what amount they
will need to retire
Mullooly Asset Management October 2012

4. Why Don’t They Contact an Adviser?
 Fear
 No Trust
 Don’t want to appear unintelligent
Mullooly Asset Management October 2012

5. Different Types of Financial Advice
 Wealth Manager
 Financial Planner (fee-only planner, hourly fee
planner)
 Investment Planner
 Money Manager
Mullooly Asset Management October 2012

6. Where Does the Adviser Work?
 Wall Street firm: employee (sales person)
 Independent: adviser does not work for a broker
 Dual-Registered
Mullooly Asset Management October 2012

7. How is the Adviser Paid?
 Fee-only
 Commissions
 Fees and Commissions
Mullooly Asset Management October 2012

8. None of the securities mentioned in this (or any) podcast or
video represent past specific recommendations of Mullooly
Asset Management.
This video is NOT a recommendation to buy or sell any of the
securities mentioned here.
If you’re relying on a podcast for investment advice, you are
likely making a huge mistake.
We strongly urge our listeners to consult with their
investment advisor before they make a decision to buy or sell
any investment.
Mullooly Asset Management October 2012

9. Mullooly Asset Management, LLC
support (at) mullooly (dot) net
732-223-9000
www.mullooly.net
Mullooly Asset Management October 2012