Two Minutes with Hank Mulvihill, Mulvihill Asset Management

10/10/2010

Hank Mulvihill loves asset management, and he’s been doing it since 1987, when he started with Merrill Lynch & Co. Inc. In 1995, after a transition to Alex. Brown & Sons Inc., Mulvihill struck out on his own and started Richardson-based Mulvihill Asset Management. The firm offers fee-based advisers focused on personal service and attention to portfolios and multigenerational estate and asset allocation planning. The firm is small, with just two licensed advisers and two other full-time staff members, but gets work done by outsourcing to Charles Schwab. Mulvihill sees a tremendous growth opportunity in today’s economy and expects to expand the company over the next five years to 25 advisers with offices in major Texas cities, Colorado and Southern California.

In addition to offering traditional advising to individuals and municipal governments, Mulvihill’s group started a mutual fund and conducts a training series called Fed Friday, which has featured speakers like Texas Comptroller Susan Combs, U.S. Congressman Pete Sessions, R-Texas, and John Thompson, an economist with the Federal Reserve Bank of Dallas. Mulvihill wants investors to “remember the joy of stocks".

Q. Are investors becoming more comfortable investing again or are they still holding on to their money?

A. In the month of September, for the first time in 19 consecutive months, we had more flow into stock funds than into bond funds. That was a welcome change. Buying bonds and mutual funds when rates are this low is a difficult bit, but flow has increased in the last 45 days or so.

Q. What should investors consider for long-term investments?

A. High-quality, high-paying dividend stocks. You have a rare opportunity to buy them. Purchase them, let them reinvest themselves, and let the compounding work in your favor.

Q. How can investors rebuild retirement funds?

A. Same as the previous answer, but be mindful of not buying and holding — or “stay and pray,” as I say. Pay attention. Markets do go in cycles, and you don’t want to be on the down-40 percent cycles.

Q. What else do you want readers to know about Mulvihill Asset Management?

A. We love what we do. When people get tired of doing it as a hobby, we’ll do it for them. We shoot straight and have long-term relationships. I always like to tell people to remember the joy of stocks. They will cause you to have joy again, and I really believe that.
 
The Dallas Business Journal by Shashana Pearson Hormillosa

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