Broker Check
Jay Mulligan

Jay Mulligan



Jay Mulligan is a CFP®. Jay has practiced his craft for 25 years. Jay brings a wealth of Financial Planning knowledge to our clients at Payant Wealth Management Group.

Jay is directly involved in all aspects of our client’s Financial Planning including:

  1. Financial Cash Flow Planning & Modeling
  2. Investment Research Selection and Management
  3. Income Tax Modeling and Planning
  4. Risk Management – Insurance Planning including Life Insurance. Also coordinating with Payant Insurance Services, Inc. dealing with our specialist in Medicare and RTI Insurance dealing with Personal & Business lines of insurance.
  5. Assists clients to create sound Legacy & Estate Plans for their family members and other loved ones.

Jay holds 6, 7, 22, 24, & 63 securities registrations. He is also Life, Health and Variable Insurance licensed.

Jay’s primary focus is working face to face with you, our clients providing outstanding personal care and service.

As a Certified Financial Planner™ Practitioner, Jay brings one of the professions most important designations (skill sets) to our clients.

While Jay has achieved great financial skill,

Jay also holds a Bachelor’s degree in Communication. He is a great communicator and enjoyable to work with.

What it takes to become a CFP


CFP® professionals complete a multi-year, multi-step process to obtain the skills and real-life experience they need to serve your best interests.

The course of study develops expertise in 70 specific topics over eight major areas of personal financial planning:


  • Professional Conduct and Regulation
    • CFP Board's Code of Ethics and Standards of Conduct
    • CFP Board’s Procedural Rules
    • Function, purpose, and general structure of financial institutions
    • Financial services regulations and requirements
    • Consumer protection laws
    • Fiduciary standard and application


  • General Principles of Financial Planning
    • Financial planning process
    • Financial statements
    • Cash flow management
    • Financing strategies and debt management
    • Economic concepts
    • Time value of money concepts and calculations
    • Education needs analysis
    • Education savings vehicles
    • Education funding
    • Gift / income tax strategies


  • Risk Management and Insurance Planning
    • Principles of risk and insurance
    • Analysis and evaluation of risk exposures
    • Health insurance and health care cost management (individual and group)
    • Disability income insurance (individual and group)
    • Long-term care insurance and long-term case planning (individual and group)
    • Qualified and Non-Qualified Annuities
    • Life insurance (individual and group)
    • Business owner insurance solutions
    • Insurance needs analysis
    • Insurance policy and company selection


  • Investment Planning
    • Characteristics, uses and taxation of investment vehicles
    • Types of investment risk
    • Market cycles
    • Quantitative investment concepts and measures of investment returns
    • Asset allocation and portfolio diversification
    • Bond and stock valuation concepts
    • Portfolio development and analysis
    • Investment strategies
    • Alternative investments and liquidity risk


  • Tax Planning
    • Fundamental and current tax law
    • Income tax fundamentals and calculations
    • Characteristics and income taxation of business entities
    • Income taxation of trusts and estates
    • Tax reduction/management techniques
    • Tax consequences of property transactions
    • Tax implications of special circumstances
    • Charitable/philanthropic contributions and deductions


  • Retirement Savings and Income Planning
    • Retirement needs analysis
    • Social Security and Medicare planning
    • Eldercare and special needs planning
    • Types of retirement plans
    • Qualified plan rules and options
    • Non-qualified plan rules and options
    • Key factors affecting plan selection for businesses
    • Distribution rules and taxation
    • Retirement income and distribution strategies
    • Business succession planning


  • Estate Planning
    • Property titling and beneficiary designations
    • Strategies to transfer property
    • Estate and incapacity planning documents
    • Gift, estate, and GST tax compliance and calculation
    • Sources for estate liquidity
    • Types, features, and taxation of trusts
    • Marital deduction
    • Intra-family and other business transfer techniques
    • Postmortem estate planning techniques
    • Planning for divorce, unmarried couples and other special circumstances
    • Planning for special needs and circumstances


  • Psychology of Financial Planning
    • Client and planner attitudes, values, biases
    • Behavioral finance
    • Sources of money conflict
    • Principles of counseling
    • General principles of effective communication
    • Crisis events with severe consequences


  • Additional requirements:
    • A Bachelor's Degree for an accredited college or university
    • 6,000 hours of professional experience related to the financial planning process.
    • Comprehensive multi-day exam with an average pass rate of less than half.
    • Ethics requirements include:
      • Acting as a fiduciary — in the best interests of the client at all times when providing financial advice.
      • Pass a detailed background check.
      • Commit to some of the highest ethical and conduct standards in the industry.