GENERATIONS OF EXPERIENCE
INNOVATIVE SOLUTIONS
Our team has proudly served a range of multi-generational families and business owners with thoughtful guidance and impartial advice for more than 6o years.
Our Story
Murphy Financial Group was founded in 1961 by Kenneth Murphy. Ken valued relationships, integrity and ingenuity and built MFG (formerly The Murphy Group) on strong pillars reflecting these values.
Ken passed away in 2014 at the age of 84. His integrity and vibrant personality live on in the next generations.
In 2019, Murphy Financial Group affiliated with Commonwealth Financial Network®, which provides business solutions and support to a nationwide network of independent financial advisors.
Pat Murphy followed in his father Ken’s footsteps and joined the business in 1978. Together they grew Murphy Financial Group proudly serving business owners, families, and professionals.
Kyle Martin, Ken’s grandson and Pat’s nephew, came on board in 2017 adding a dynamic approach to the already growing firm.
Our Philosophy
Financial planning is just that....planning. Our relationship starts with a financial plan, but we are on life’s journey together. We are there for newborns, first homes, promotions, selling businesses, retirements, and the death of family members. As we walk through life's changes together, the financial plan becomes adaptive, responsive, and adjustable.
Transparency
As fiduciary asset managers, it is our responsibility to be fully transparent in how we are compensated. Our compensation structure is always accessible to our clients and is explained during our first meeting. See our asset management fee schedule below.
Assets Under Management
Advisory Fee
First
$1,000,000
1.00%
Next
$1,000,000
0.85%
Next
$2,000,000
0.70%
Next
$2,500,000
0.55%
Next
$3,500,000
0.40%
Above
$10,000,000
0.25%
In addition to the annual management fee, PPS Custom Program clients may pay transaction charges, administrative charges, and miscellaneous account fees and charges, as described in the Master Services Agreement (MSA) or PPS Client Agreement (as applicable) and Commonwealth’s ADV Part 2A Brochure.