David Murphy is proud to be carrying on a family tradition as president of Murphy Investment Advisors in Pasadena, California. After a 25-year career as a stockbroker, David’s father founded the company in the mid-1990’s as a privately held firm, focusing on conservative investments and close, personal client relationships. When David transitioned into the firm in 2016, he also had established a respected career in finance, having started at TCW Group in 1999, following graduation from Princeton University. This large investment firm has some $250 billion in assets under management, and David started on the private client side right away. He managed portfolios for individuals as well as foundations across the U.S.
David was with TCW for 18 years, rising to senior vice president. He spent the last nine years handling sovereign wealth funds throughout the Middle East, living in Dubai for six months each year, and learning the business from some of the smartest and most successful people in the industry. David feels fortunate to this day to be able to continue and expand on the foundation his father laid at Murphy Investment Advisors. Though the transition from large, international clients to individuals and families might have been tough for some, David found the process seamless and natural because he uses the same philosophy no matter the client. “Having significant experience with individual clients earlier in my career, from an investment standpoint, I was actually doing the exact same thing,” he says, "building blended and equity portfolios. The only difference was the type of client.”
At Murphy Investment Advisors, David takes his responsibilities very seriously, and takes on certain responsibilities that other advisors may overlook or skim past. First, he is incredibly diligent when it comes to research, not only of individual stocks and bonds, but of ETFs and funds. Second, he develops customized portfolios for every client. “Some firms have a conservative, moderate, and aggressive bucket, and each new client goes into one of the three buckets,” he explains. “I don’t approach things this way.” Instead, David creates an individually tailored portfolio based on the unique needs and goals of each client. “Many people may say this is time wasted but taking an individualized approach to each and every client is really important,” David explains. The third, and most important part is client relationships. These relationships are the reason David got into the investment industry in the first place. Whether in person, on the phone, or via email, David feels that client interaction is the single most critical aspect of his job. “Clients really need to know that you are there for them,” he says. “This is something my father started decades ago, and it is something I put great focus on and have continued for the firm.”
“My clients mean the world to me,” David says. “Not only their financial well-being, but who they are as individuals. I can honestly say there is nothing more important to me. The client interaction is the most rewarding part of the job.” This client focus is built into Murphy Investment Advisors’ mission statement: “Above all else, we are committed to our clients and our decisions are at all times driven by what is in their best interests. We are fair, courteous, honest, and professional. Increasing our investors' wealth is how we measure our success.”
President — Murphy Investment Advisors