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Michael D. Gibney, CFP®, AIF®

Wealth Manager

Michael D. Gibney, CFP®, AIF®2019-10-03T15:29:36+00:00
Michael D. Gibney CFP®, AIF®

Michael’s main responsibilities include helping clients develop their financial plans, implementing wealth management strategies and managing clients’ investment portfolios.

Professional Designations

CFP®, AIF®

Education

Pace University, B.A., Business Administration

New York University, Certificate in Financial Planning

Community

Serves in a leadership capability for the National Association of Personal Financial Advisors (NAPFA)

New Jersey Metro Multiple Sclerosis Society Board of Trustees

Giving Back

Pushing MS Research Forward

Michael Gibney participated in the 2017 MS Bike Ride benefiting the National Multiple Sclerosis Society.

What do you value most in your client relationships?

The trust they have in us.  For those clients who understand we are more than just stockbrokers, we provide a valuable service by helping coordinate their entire financial lives.  As an industry, we need to overcome the stigma inherent in financial services and it takes a lot to gain someone’s trust.  We work hard at doing this, and when we form an ongoing relationship the trust becomes greater.

What sparked your interest in financial planning?

My parents were dealing with a broker who was not treating them well.  It was very cookie cutter and you can tell he was just dialing it in.  He would send a birthday card every year, but he would never proactively reach out otherwise unless he was trying to sell them something else.  The birthday card was so insincere.

What do you enjoy most about working at Modera?

The culture. I enjoy coming to work every day, collaborating with colleagues and helping solve client issues.

When you retire you’re going to…?

I left Wall Street almost 20 years ago because I did not want to retire in the traditional manner. I wanted a career that I continue beyond the typical retirement age and still provide value. Financial Planning is fulfilling that desire. I’ll continue to do it as long as I can contribute meaningful advice.

Mike’s Insights

The Tax Benefits of NUA Rules

If company stock is offered to you through a 401(k) or other workplace retirement plan, it can be a great opportunity for you to have a stake in the business. Plus, if you accumulate employer stock within a qualified employer retirement plan over many years, that stock may appreciate considerably. However, when the time comes to take distributions out of the account, perhaps because you’re retiring or switching jobs, there are important tax implications to consider.

Good to Know|