Lally Wealth Management, LLC

Lally Wealth Management is a small independent advisory firm that serves individuals, high-net-worth clients, charities, retirement plans, and business entities. The firm provides financial planning, retirement plan consulting, and facilitates investment management by recommending and monitoring third‑party investment advisers and offering access to turnkey asset management platforms.

Rather than providing in-house portfolio management for individual accounts, the firm typically places clients with third‑party advisers or strategists and may act as a co‑adviser or a promotor that shares in third‑party management fees; it also uses turnkey platforms (including an arrangement with RedBlack) to implement and monitor model portfolios. The firm maintains limited discretionary authority to reallocate among selected managers, conducts periodic reviews and annual client meetings, and relies on custodians and the third parties to execute trades and deliver account statements.

Distinctive features disclosed in the Form ADV include an affiliation with a licensed insurance agency and the adviser’s ability to sell insurance products to clients, as well as the practice of receiving referral/promotor payments from third‑party advisers, which the brochure identifies as a potential conflict of interest. The firm also reports no client assets managed directly, does not receive soft‑dollar benefits, and uses a third‑party payment processor for recurring third‑party company service charges.