Melone Private Wealth, LLC

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Client assets under management

$262,203,000

Clients

155

47% high-net worth

Advisors

of 4 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

High

Average account size

$1,691,632

About

Melone Private Wealth, LLC is an SEC‑registered advisory firm that serves individuals, high‑net‑worth clients, families, trusts, estates, businesses and retirement plans. The firm provides customized investment advisory services, project‑based and ongoing financial planning, and retirement plan advisory services designed to support fiduciary obligations under ERISA.

The firm constructs customized portfolios that blend active and passive strategies, primarily using ETFs, mutual funds, closed‑end funds and municipal securities, and generally pursues a long‑term investment horizon while allowing shorter‑term trades for rebalancing or tactical needs. MPW relies on fundamental analysis, conducts at least annual portfolio and planning reviews, and manages the majority of client assets on a discretionary basis (the brochure reports approximately $313.2 million in total AUM with most assets discretionary).

What is distinctive about the firm is that it sponsors a wrap fee program that bundles securities transaction costs into its advisory fee (disclosed as Appendix 1), a structure that the firm notes separately and that is uncommon among similar supported advisers. The brochure also discloses the firm’s institutional relationship with a national custodian that provides platform software and other economic benefits, and that advisory personnel are licensed insurance professionals who may receive separate commission‑based compensation, a potential conflict the firm identifies and discloses.

Client services

Financial planning Portfolio management Pension consulting

Expertise

Wealth management Retirement plans for business owners (SEP, solo 401k) Cash flow / budgeting

Fee options

Fixed

Fixed fees for financial planning typically range from $950 to $4,800 per engagement; ongoing financial planning fees typically range from $2,000 to $20,000 annually

Percentage

$0 - $500,000: 1.25% $500,001 - $1,000,000: 1.10% $1,000,001 - $2,000,000: 1.00% $2,000,001 - $5,000,000: 0.90% $5,000,001 - $8,000,000: 0.80% $8,000,001 - $10,000,000: 0.70% $10,000,001 - $25,000,000: 0.60% $25,000,001 - $50,000,000: 0.50% $50,000,001+: 0.40%

Commissions

Insurance commissions earned by Advisory Persons from selling insurance products; separate from advisory fees

Project-based

Hourly fees for financial planning services range from $250 to $400 per hour; also hourly retirement plan advisory services up to $400 per hour

Other

Account minimum: $500,000 (minimum relationship size, can be waived at sole discretion of Advisor) Fee-only: Financial planning services offered on hourly ($250-$400/hr), fixed fee ($950-$4,800 per engagement), or ongoing annual fee basis ($2,000-$20,000 annually, negotiable)

Main office location

Melone Private Wealth, LLC

3121 University Drive, Suite 180

Auburn Hills MI 48326, United States

Number of offices

Most active in

Michigan

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website 877-293-5830

Advisors at this firm

Branden C

CFP®, Series 65

Auburn Hills, MI

Melone Private Wealth, LLC

Branden Carney is a CFP® with seven years of industry experience, currently serving as an advisor at Melone Private Wealth, LLC. His prior roles include positions at Portfolio Solutions LLC, Fratarcangeli Wealth Management, State Farm Insurance, and Plante Moran Financial Advisors. Carney is also involved in insurance sales outside of his advisory work. Melone Private Wealth, LLC provides customized investment advisory and financial planning services to individuals, families, trusts, estates, businesses, and retirement plans. The firm combines active and passive strategies in portfolio construction, emphasizes fundamental analysis, and manages most client assets on a discretionary basis.

Wealth management Retirement plans for business owners (SEP, solo 401k) Cash flow / budgeting

Louis M

CFP®, Series 63, Series 66

Auburn Hills, MI

Melone Private Wealth, LLC

Louis Melone is a CFP® with 30 years of industry experience, currently serving as an advisor at Melone Private Wealth, LLC since 2020. His prior experience includes roles at LPL Financial, Budd, Melone & Co. LLC, and Wells Fargo Advisors Financial Network. Outside of advising, he is an author working on a book. Melone Private Wealth, LLC is an SEC-registered advisory firm that serves individuals, high-net-worth clients, families, trusts, estates, businesses, and retirement plans. The firm offers customized investment advisory and financial planning services, employing a blend of active and passive strategies with a long-term investment horizon, and manages most client assets on a discretionary basis.

Wealth management Retirement plans for business owners (SEP, solo 401k) Cash flow / budgeting

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