Melanie Hummer
Melanie Hummer is a CFA, CFP-designated registered investment advisor at Hummer Financial Advisory Services INC, based in Chicago, IL, with 27 years of industry experience. Melanie operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 44 clients with $200M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 0.80% |
| $1.0M - $3.0M | 0.60% |
| $3M+ | 0.40% |
Minimum annual fee is $8,000. If the minimum account size of $1,000,000 is waived, the standard fee schedule is increased by 0.40% per year.
Fee Estimator
Location
Chicago, IL
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Melanie is a self-employed CPA specializing in income tax return preparation since 1985, dedicating minimal time to this activity. She is also the creator, webmaster, president, and owner of Costbasis.com Inc., a website explaining corporate reorganization actions and providing tax basis calculators, spending a few hours per week on this, primarily on weekends.
Employment History
Current Registrations
Hummer Financial Advisory Services INC
State Registrations1 state
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