Overview of Services

At Mellen Money Management we provide a variety of services and structure our offerings in a way that emphasizes the importance of win-win relationships. Pick 1 of the 4 services listed below. If you are a comprehensive financial planning client, the investment management fee is rolled in and included. Our mission is working with clients who value our collaborative process and understands the  benefits of working with an independent fee-only Certified FInancial Planner®.

 
 
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Comprehensive Financial Planning

SERVICES

  • Investment management
  • Retirement planning
  • College and student loans
  • Budgeting and debt management 
  • Optimize company benefits
  • Stock options
  • Life insurance analysis 
  • Risk management
  • Real estate and 1031 exchanges
  • Tax planning
  • Estate plan overview
  • Business planning
  • Professional referrals

3 Meeting Process

  1. Gather data, get organized, and set goals 
  2. Review findings and recommendations
  3. Implement plan with an action item list

* 2-4 meetings a year thereafter (or as needed)

Cost 

  • Plan implementation fee is $500 - $1,500
  • Ongoing fee starts at $150/month
  • Monthly fee is calculated based on your net worth: 
    • 0.75% on the first $1M
    • 0.50% for amounts above $1M

 
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Investment management

Services

  • Portfolio construction, allocation, rebalancing, and oversight
  • Review time horizon, risk tolerance, and investment objectives
  • Quarterly performance reports and holdings analysis
  • 1 meeting per year

Cost 

  • 1% of assets under management 
  • 0.25% deducted quarterly from TD Ameritrade account(s)

 

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Hourly Consultations

Services

Short-term engagements and on-demand consulting. Services may include, but are not limited to the following: investments, retirement, budgeting, debt, college, and employee benefits.

Cost 

  • $250/hour
  • Fee can be used to offset upfront planning costs when a client elects to use our comprehensive planning services

 
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Student loan Planning

Services

  • Help determine most effective way to pay down student debt
  • Goal is to minimize interest costs and/or monthly payments
  • Evaluate debt forgiveness options versus refinancing
  • Incorporate payment plan with other cash flow needs

cost

  • Individual borrowers -- $495 flat fee or $50/month for 12 months
  • Two borrowers -- $695 flat fee or $70/month for 12 months