As a fee-only firm registered with the State of Florida, we are held to the highest standard, the fiduciary standard, instead of the lower suitability standard common to banks and brokerage firms. Upholding a fiduciary standard of care means we put our client’s best interests first. We don’t invest in proprietary investments or receive commissions that could otherwise create conflicts of interest. Fiduciaries are legally responsible for acting solely in your best interests. Most advisors are not fiduciaries; McCloskey & Associates fiduciary wealth management is among those that are.

Our clients’ assets are custodies at TD Ameritrade Institutional and Charles Schwab, which provides brokerage and custody services to Independent Registered Investment Advisors and their clients. We do not have direct access to our clients’ money.

Having recent investment statements, as well as a copy of your tax return will help us get grounded. Additionally, it is a good idea to have in mind some of your goals. If you have online access to your investments, I may ask you to look them up live, so knowing how to log in is helpful.

Our first meeting is really an opportunity for us to get to know one another, and will take 45-60 minutes. We will discuss your current situation and gather as many numbers and facts as well can. We will spend time discussing your goals, in terms of needs, wants, and wishes, as well as begin to understand what aspects of your financial life concern you the most. If you would like to get started, at the end of the meeting we will sign a client services agreement and I will collect your deposit. If you are not ready, that’s OK! Take some time to reflect on the engagement. I will be here when you are ready.

Downtown Melbourne: The office on the corner of E. Strawbridge Ave. and McQuaid Street ample parking on the north side of the office and the south side . There also may be limited street parking out front on McQuaid Street. All parking is free no metered

McCloskey & Associates Fiduciary Wealth Management offers ongoing fiduciary wealth management services on a fee-only basis. This wealth management fee is based upon your assets under management.

For clients who want targeted financial advice and counsel but do not choose our financial planning process, we offer financial counsel on an hourly basis. This service may be utilized to to address one or two of your most pressing financial issues or questions in a single meeting in cases where a full financial plan is not desired or warranted. There is no minimum fee, but most hourly financial counseling meetings require one to two hours of billable time, and in some cases lead to additional analyis or follow-up meetings at the client’s option.

You may decide you would like ongoing support to help you manage your finances and reach your goals, in which case you can elect to have McCloskey & Associates Fiduciary Wealth Management manage your investments and perform ongoing planning support.

At our initial meeting, I gather much of the data needed to complete your plan. I begin working on your plan and will follow up for any additional information required. For the Retirement plan, we schedule 2 90 minute delivery meetings. For the full Comprehensive plan, we will schedule 3 90 minute meetings.