Murphy Capital Management Inc (Gladstone)

Name: Murphy Capital Management Inc
Address: 268 Main Street, Gladstone, NJ, 07934
Telephone: 908-719-6430

Murphy Capital Management Inc is a large advisory firm based in Gladstone. It manages $810.45 million of regulatory assets for 1,222 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.

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

Murphy Capital Management: assets under management

The assets under management (AUM) of Murphy Capital Management Inc is $810.45 million. The firm's AUM has grown by 124% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $810.3 million in discretionary accounts and $148.5 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $664.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $74.25 thousand.

Murphy Capital Management has custody of $15.15 million in cash and securities for 4 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Murphy Capital Management Inc 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 John Joseph Murphy serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of John Joseph Murphy is high net worth individuals with 182 clients and $619.86 million of assets under management. Among the 12 most similar advisory firms, Murphy Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $791.85 million for 513 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.

Murphy Capital Management doesn't advise any private funds.

Careers at Murphy Capital Management Inc

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Joseph Murphy has been acting as President since 1 Oct 1983. Peter Jonathan Lewis joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Joseph Murphy	President	1 Oct 1983	Other	1955341
Suzann Marie Murphy	Secretary	1 Oct 1983	Other	4341076
Dwight Massey	Consultant & portfolio manager	1 Jan 1986	Other	1955216
Peter Jonathan Lewis	Partner	1 Oct 2006	Other	2613140
Joe W Kwok	Partner	1 Jan 2013	Other	4247146
Peter Jonathan Lewis	Chief compliance officer	1 Aug 2013	Other	2613140
Cameron Scott Murphy	Partner	1 Dec 2014	Other	3089556
Peapack Gladstone Bank	Shareholder	1 Jul 2017	75% - 100%	22-2491488
Janet Ann Riina	Vice president	1 Jul 2017	Other	854226
Peter Jonathan Lewis	Chief compliance officer (08/2013) / senior managing director	1 Aug 2017	Other	2613140
Joe W Kwok	Senior managing director	1 Aug 2017	Other	4247146
Cameron Scott Murphy	Treasurer (10/2017) / senior managing director	1 Aug 2017	Other	3089556
Thomas Wayne Myers	Managing director	1 Aug 2017	Other	2091893
Karen Johanna Alvarado	Secretary	1 Oct 2017	Other	4207012
Peter Jonathan Lewis	President	1 Feb 2019	Other	2613140
Karen Johanna Alvarado	Chief compliance officer	1 Feb 2019	Other	4207012

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Peapack Gladstone Financial Corporation	Shareholder	1 Aug 1997	75% - 100%	22-3537895

Based in Gladstone

The principal office where Murphy Capital Management Inc performs its advisory services is located at 268 Main Street, Gladstone, NJ 07934 The mailing address of the firm is 268 Main Street, Gladstone, NJ 07934. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 908-719-6430 or by fax 908-719-6435. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at murphycapital.com.