Mal founded Professional Planning Group, Inc., an independent registered investment advisory firm, in 1975. Through Raymond James, he and his team of professionals at PPG provide a diverse range of comprehensive wealth management services to individuals, families, businesses, foundations and endowments.
Regarded as one of the early leaders in the financial planning movement, Mal earned his CERTIFIED FINANCIAL PLANNER™ certification in 1981 and remains committed to the CFP® certification as the designation of choice for financial advisors.
He has served on both state and national boards related to the financial planning industry, including the Board of Directors of the Institute of Certified Financial Planners, the Board of Governors of the Certified Financial Planner™ Board of Standards, and the Financial Planning Association of Rhode Island. From 1987 to 1993, he served on the National Board of Ethics and Professional Responsibility for Certified Financial Planners™ of which he was Chairman for three years.
Mal is the author and former instructor for a CFP Board-approved continuing education program titled “CFP Board Code of Ethics and Professional Responsibility.” For many years, he presented this program to CFPs attending the Raymond James National Conference. He is a nationally recognized author, teacher and public speaker. Mal has been, and continues to be, recognized by a variety of organizations and publications for his expertise both as a professional and for the quality of his practice.
In 2018, Mal was again listed as “Top 100 Independent Wealth Advisors” by Barron’s and “Top Wealth Advisors” by Forbes. Also in 2018, both Barron’s and Forbes, ranked him #1 in Rhode Island. He has appeared on numerous television programs and is frequently quoted in a variety of nationally known publications. He is especially proud to have appeared on the cover of Financial Planning magazine and to have had his portrait in The Wall Street Journal, done in the publication’s renowned dot-ink style.
Mal is a major supporter of many charitable organizations. He and his team serve on several nonprofit boards and are committed to giving back to their community. Mal is an executive committee member and a past president of the Ocean Community YMCA, during which time the YMCA completed an $8.4 million renovation of its facility in Westerly, RI. He also serves as Investment Advisor for Community 2000, a foundation that provides scholarships to worthy students. He created and annually funds the Professional Planning Group scholarship that is given each year to a deserving student.
Mal was honored as “Citizen of the Year” by the Ocean Community Chamber of Commerce in June 2018.
Mal is an avid golfer and fly fisherman. He is past president of the American Seniors Golf Association and competes in several national events each year. He was a member of the ASGA team that competed against the Japanese Seniors International team at Pinehurst, North Carolina. The Americans were victorious on the golf course, and both teams were victorious in furthering camaraderie and cultural understanding.
He is the proud father of four grown sons, three of whom are financial advisors with him at PPG, helping to create a family team of wealth advisors well-positioned to take PPG and its clients confidently into the future.
Mal resides in Charlestown, RI, with his wife, Martha, and their beloved Portuguese water dogs, Reddington and Annabelle. He is the proud grandfather of six talented and loving children.
CFP® | CERTIFIED FINANCIAL PLANNER™ | Certified Financial Planner Board of Standards, Inc., owns the certification marks above, which it awards to individuals who successfully complete initial and ongoing certification requirements.
Barron's Top 100 Financial Advisors, 2018
Barron's is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by over 4,000 individual advisors and their firms and include qualitative and quantitative criteria. Data points that relate to quality of practice include professionals with a minimum of 7 years financial services experience, acceptable compliance records (no criminal U4 issues), client retention reports, charitable and philanthropic work, quality of practice, designations held, offering services beyond investments offered including estates and trusts, and more. Financial Advisors are quantitatively rated based on varying types of revenues produced and assets under management by the financial professional, with weightings associated for each. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients' risk tolerance than by an advisor's investment picking abilities. The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of the advisor's future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Barron's is not affiliated with Raymond James.
America's Top Wealth Advisors
The Forbes ranking of America's Top Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a minimum of seven years of experience. Ranking algorithm is based on quality of practice, including: telephone and in-person interviews, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criteria because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC which does not receive compensation from the advisors or their firms in exchange for placement on the ranking. Research Summary (as of August 2018): 25,732 Advisor nominations were received, based on thresholds. 9,596 Advisors were invited to complete the online survey. 7,174 Advisors were interviewed by telephone. 1,503 Advisors were interviewed in-person at the Advisors' location. Final list of the top 250 Advisors was then compiled based upon the quantitative criteria. Raymond James is not affiliated with Forbes or Shook Research, LLC. This ranking is not indicative of advisor's future performance, is not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating.