Lally Wealth Management, LLC

Lally Wealth Management is a single-advisor registered investment adviser that works with a small roster of clients including individuals (including high-net-worth clients), charities, pension and profit-sharing plans, and business entities. The firm offers financial planning, recommendations and monitoring of third‑party investment advisers, retirement plan consulting, and an ongoing third‑party company service delivered via an online dashboard or app.

Rather than managing client portfolios directly, the firm does not maintain assets under management and instead evaluates client goals and risk tolerance, then recommends third‑party advisers under either co‑adviser or solicitor arrangements; third‑party managers retain responsibility for portfolio management, trading, and custody. Financial planning is provided on a fixed‑fee basis and the firm conducts periodic reviews of client accounts and third‑party adviser relationships, typically meeting with clients annually and reviewing custodian statements quarterly.

Distinctive features disclosed in the brochure include the owner’s role as an independent life‑insurance agent who may recommend and sell insurance products for separate commissions, and the firm’s practice of sharing a portion of third‑party advisers’ management fees when acting as a solicitor or co‑adviser, which the firm identifies as a potential conflict of interest and addresses through disclosure and its fiduciary duties. The firm also recently added retirement plan consulting and does not charge traditional percentage‑of‑assets advisory fees, relying instead on fixed planning fees and revenue‑sharing arrangements with third parties.