Recently, I had the pleasure of speaking with Tim Mullooly, the host of the Living with Money podcast.
There are plenty of times when I feel like I’m railing against the system, and that the industry is in need of a fire-hose spray down, but when I speak with fellow advisors who are doing right by investors it lifts me in ways I can’t adequately describe.
Such is the case with Tim.
He and his family have their own fee-only registered advisory firm, Mullooly Asset Management. They built their practice as a family, which certainly puts the personal in personal finance. They take the time to educate investors through blogs and podcasts. They are thought-provoking, compassionate and I am inspired by them.
In this podcast, we covered many topics that affect millions of investors – like investor protections (or lack thereof), the importance of working with professionals who want to look out for investors’ well-being and the landmine that is the 403(b) retirement plan for America’s public school teachers.
In the interview, I referenced a blog post I wrote a long time ago: The Devil is in the Detail.
Every bit of this is as relevant today – maybe more so as regulators are blurring the lines between those who act as a fiduciary and those who only want to pose as such.
I hope you’ll give the podcast episode a listen and pass it along to someone who can use some plain-English explanations of personal finance issues.
I also hope you’ll explore Tim’s other podcasts as well as his top blog post links. Share them with others. It’s a small step, but maybe it will counterbalance the very conflicted messages that brokerage firms spend billions of advertising dollars on to give investors a false sense of security.
We have to start somewhere and I am happy to have the company of people like Tim and the Mullooly’s who are committed to providing investors with unconflicted information, for the simple fact that it is the right thing to do.