Scott Snider

CPF®, CRPC®
Retirement, Investing, Lifestage Based Planning
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“Scott Snider is a fee-only financial planner and founder of Mellen Money Management, a firm that services the Jacksonville, FL and Columbus, OH markets and works with clients across the country regardless of location. ”
Firm:

Mellen Money Management LLC

Job Title:

Principal, Financial Planner

Biography:

After spending much of his 10-year career advising $44-million in client assets for a large regional bank, Scott Snider decided it was time to break away from corporate America and start a fee-only financial planning firm named in memory of his Grandparents. Mellen Money Management embodies their generosity and serve-first values.  Today Scott's firm works with clients in the Jacksonville, FL and Columbus, OH markets and offers virtual meetings for those that live on the other side of the country.  In fact, several of Scott's clients live around the globe.

Mellen Money Management provides investment management and comprehensive financial planning, with an emphasis on understanding the impact of key life transitions on your money.  In addition, Scott specializes in helping young professionals and families navigate the confusing maze of college tuition, financial aid, and student loans.  It's Scott's mission to ensure you are not letting the astronomical cost of college manage you. More importantly, Scott believes this problem can't be solved in a vacuum and should be balanced with the many other financial goals that compete for your money. Please explore the Mellen Money Management website, check out the blog, or contact Scott to learn more.

Education:

BS, Finance, Miami University

Assets Under Management:

$5 million

Fee Structure:

Fee-Only

CRD Number:

4916509

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4 weeks ago
    Personal Finance
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    Insurance, Personal Finance
August 2017
    Retirement Plans, Retirement Savings

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    Financial Planning, Choosing an Advisor
Will a financial advisor provide an unbiased assessment of a financial plan I already have in place?
100% of people found this answer helpful

Looks like you have plenty of well-qualified advisors to pick from. A lot of good advice has already been written. At any rate, I'll offer you my take...  

Trust is the foundation of every great relationship. Be sure you listen to your gut if something seems "off" about the recommendation you received. I encourage my prospective clients to get a second opinion whenever they are at a key transition point in their life. Ultimately, it's about what's best for you, the client. Even if you just need validation with the current plan, it's smart to do your due diligence before handing your life savings to someone else to manage. At the end of the day, it is the advisor's job to provide you a clear path on how to achieve a successful plan, and then instill the confidence in you to make changes where necessary.

Having previously worked at a brokerage firm and bank, I have a good grasp on varying investment philosophies, including market-driven and insurance-based. It's easy to say one is better than the other if you "sell" or "service" only one particular way of thinking. However, both investing strategies can be beneficial to the client when positioned properly. It really boils down to what features you value the most. I am a fee-only planner, but I think there are plenty of great advisors who work on a commission basis and do right by their clients. Unless the fee-structure totally disagrees with your value system, don't rule someone out solely based on their compensation model.  Try to find someone who you believe will put your best interests first. Getting there is really about finding a good fit for both parties more than anything else.

Feel free to message me if I can be of any help. Good luck!

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April 2017
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Should I use Lifecycle funds or pick my own investments inside my company's retirement plan?
100% of people found this answer helpful
January 2017
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January 2017