PP
Firm Information
Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
8 advisors
Number of Clients
401 clients
Average Client Portfolio
$732K average
Assets Under Management
$293.6M
Fee Structure
Minimum Investment:$50K
Financial Plan Fee:$69 - $92
MRA charges fees for financial planning subscription services ($69/month for Core, $92/month for Plus). Wealth management fees are negotiable, up to 2.00% annually based on assets under management. Tax preparation starts at $600/year. Estate planning document preparation starts at $475. Biblically Responsible Investing has a 0.45% annual fee. MRA also earns 0.05% on client deposits in MRA High Yield Cash accounts. A $50,000 minimum is required to open an investment account, but this is negotiable.
Areas of Practice
Investment ManagementRetirement PlanningTax PlanningEstate PlanningInsurance PlanningBusiness Owners
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Advisor Information
Office location
14 Walsh Drive, Suite 302, Parsippany, NJ, 07054
Get directionsRegulatory History (4)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Regulatory
July 2016Final
Employment Separation After Allegations
June 2015Customer Dispute
March 2015Settled
Customer Dispute
May 2003Denied
Other Business Activities
Paul owns WE Racing, an automobile racing business, since 2013. He spends a few hours per week on this activity.
Employment History
Current Registrations
Mra Advisory Group
October 2018 - Present · 7 yrs 3 mos
Previous Registrations
Ameriprise Financial Services, INC.
July 2015 - June 2017 · 1 yr 11 mos
Ameriprise Financial Services, INC. Broker
July 2015 - June 2017 · 1 yr 11 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker
June 2010 - July 2015 · 5 yrs 1 mo
Merrill Lynch, Pierce, Fenner & Smith Incorporated
June 2010 - July 2015 · 5 yrs 1 mo
Wells Fargo Advisors, LLC
May 2003 - June 2010 · 7 yrs 1 mo
Wells Fargo Advisors, LLC Broker
May 2003 - June 2010 · 7 yrs 1 mo
Morgan Stanley
June 2002 - May 2003 · 11 mos
Morgan Stanley Dw INC.Broker
September 1997 - May 2003 · 5 yrs 8 mos
State Registrations1 state
NJ
Advisor
Exams
No exam information available for this advisor.