Garrison Murphy Wealth Management, LLC (Orchard Park)

Name: Garrison Murphy Wealth Management, LLC
Address: 6 Highpoint Ct., Orchard Park, NY, 14127
Telephone: 716-462-5468

Garrison Murphy Wealth Management, LLC is a mid-sized advisory firm based in Orchard Park. It manages $47.99 million of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, New York, and Texas.

Garrison Murphy Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Garrison Murphy Wealth Management: assets under management

The assets under management (AUM) of Garrison Murphy Wealth Management, LLC is $47.99 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $47.99 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.41 million each.

Investments

The firm invests in investment and business development companies the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 22% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Garrison Murphy Wealth Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Garrison Murphy Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Garrison Murphy Wealth Management is high net worth individuals with 10 clients and $46.94 million of assets under management. Among the 2 most similar advisory firms, Garrison Murphy Wealth Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $47.99 million for 12 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Garrison Murphy Wealth Management doesn't advise any private funds.

Careers at Garrison Murphy Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hamister Wheel Inc.	Owner	1 Jul 2018	50% - 75%	83-1062690
Teem Eire Inc.	Owner	1 Jul 2018	50% - 75%	83-1062101

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Nickole Marie Garrison	Sole owner	1 Jun 2018	75% - 100%	6155263
Todd Robert Murphy	Sole owner	1 Jun 2018	75% - 100%	3102782

Based in Orchard Park

The principal office where Garrison Murphy Wealth Management, LLC performs its advisory services is located at 6 Highpoint Ct., Orchard Park, NY 14127 The mailing address of the firm is 50 Fountain Plaza, Buffalo, NY 14202. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 716-462-5468. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at gmwmllc.com/.