Melody W. Townsend, CFP®

Ph:  (859) 498-2020 

Fax: (859) 274-4122

melody@townsendplanning.com

Harrison Nicholas Bailey

Associate Planner

nick@townsendplanning.com

Tammy Lynn Preston

Office Manager

lynn@townsendplanning.com

Megan Howell

Client Service Specialist

megan@townsendplanning.com

Cindy Emig

Client Service Specialist

cindy@townsendplanning.com

Melody W. Townsend is the founding principal of Townsend Financial Planning, LLC, an independent financial planning and investment management firm headquartered in Mount Sterling, Kentucky, with additional offices in Lexington and Louisville, Kentucky.  Melody focuses on providing Fee-Only financial planning, investment advice, and second opinions to individuals and families from all income levels and walks of life.

 

Melody is a CERTIFIED FINANCIAL PLANNER™ professional.  She holds a Bachelor of Business Administration degree in Finance from Morehead State University.  To enhance her financial advisory practice, Melody is a member of the Garrett Planning Network and the National Association of Personal Financial Advisors (www.napfa.org).  These organizations take the fiduciary oath seriously—meaning to act in the best interest of the client at all times.

 

Melody has always felt that her true calling is to serve as a personal financial planner. "In many households, there is a great deal of stress surrounding the topic of money because it can be difficult to understand all of the financial strategies and how they can help optimize ones current or future financial outcomes.  I want to help our clients better understand the value of financial planning, help them determine their goals, and then see how we can reach them.  I truly believe that with planning comes peace.”

 

Melody very much enjoys lasting relationships and communication with her clients,  and that has caused her to expand to offer wealth management services.  She feels this will allow her to provide a deeper level of service that her clients were asking of her.  In the previous 10 years of working primarily hourly, she found being on the clock left clients' questions unanswered and created a rushed, imperfect planning environment for many clients.  For others, planning was infrequent: Years would pass between portfolio reviews.  Many clients didn’t implement recommendations in a timely manner (or they implemented incorrectly); they did not rebalance their accounts regularly; they tried to time the market; they simply got busy with the rest of their lives and sometimes ignored their finances.  Studies show these behaviors are very costly to investors.  Now she hopes to grow her practice by offering holistic “wealth management” services and helping her clients avoid many of the common pitfalls associated with trying to manage their investments themselves.

Melody has been quoted in national publications such as the Wall Street Journal, Financial Advisor Magazine and USA Today.  She also enjoys her current elected public service role as Montgomery County Commissioner – District 3.

 

In her free time, she enjoys spending time with her husband (Jason) and their two children (Anna & Alden) on their family farm.  Her professional goal is to build long-term relationships with her clients based on trust and integrity, and to continue to expand her business through referrals from satisfied clients.

 

Nick Bailey joined Townsend Financial Planning in December of 2016. Upon graduating from Morehead State University, with his Bachelor of Arts in Business Administration with a concentration in Finance, he became a full-time Paraplanner. Then, in 2019, Nick passed his Series 65 Registered Investment Advisor Exam and became an Associate Planner. He is meeting with his own clients and providing both hourly planning work and investment advice.

 

He has completed the Certified Financial Planner (CFP) Board education program and will sit for the CFP examination in 2020. He is looking forward to developing meaningful relationships with clients and helping them to achieve their financial goals.  His passion for learning and growing in the industry make him an essential part of the Townsend team.

He enjoys leading a small group of young men at his church and spending time with his wife (Terri) and their new puppy (Mango).  His hobbies include hunting & kayak fishing.

Lynn Preston has worked with Townsend Financial Planning since October of 2015, where she began as the Administrative Assistant. After earning her Financial Planner Qualified Professional Certification from the College of Financial Planning, she was able to offer more client support in the role of Registered Para-planner. As the company grew, she transitioned to Office Manager. Lynn makes sure that everything runs smoothly. Her attention to detail and commitment to providing excellent customer service make her a vital part of the team. 

 

Before coming to Townsend Financial Planning, Lynn earned a Bachelor of Arts in Sociology with an emphasis in Criminology from Morehead State University, and then received a Post Baccalaureate certificate in Paralegal Studies from Sullivan University. She enjoys spending time with her husband (Josh) and two children (Lucas & Olivia) and one fur kid (Peanut).  She also enjoys reading and making pottery when she finds spare time. 

 

Megan Howell became the Client Service Specialist at Townsend Financial Planning in July of 2018. Some of her job duties include coordinating client appointments and assisting with meeting preparation and follow-ups. She also helps clients with account paperwork and handles a lot of the administrative duties.  

After receiving a Bachelor of Arts in English and a Bachelor of Arts in Philosophy and Psychology from the University of Kentucky, Megan went on to earn a Master of Science in Clinical Psychology from Morehead State University. She loves to write and travel, checking off states, National Parks, and Major League Baseball Parks around the country. She and her husband (Clark) have two cats (S'more and Bryce).

 

Cindy Emig, Client Service Specialist, is serving in our Louisville location.  Cindy came to Townsend Financial Planning with a wealth of business and technology knowledge.  After experiencing the life-changing benefits of financial planning for herself, she made a career change and is taking the CFP coursework at Bellermine University to become a CERTIFIED FINANCIAL PLANNER(TM). 

 

In her free time Cindy enjoys the great outdoors including hiking, kayaking, etc.

CFP®, CERTIFIED FINANCIAL PLANNER™, and Financial Paraplanner Qualified Professional™ are certification marks owned by the Certified Financial Planner Board of Standards, Inc.  These marks are awarded to individuals who successfully complete the CFP Board’s initial and ongoing certification requirements.

About Us

 
 

Our Vision, Mission & Services

OUR VISION:
With planning comes peace.

 

OUR MISSION:

  • Fostering trust through personal relationships

We listen. We know who our clients are and what is important to them.

  • Delivering expert advice

We are dedicated to continuing our education. We are committed to protecting our clients and acting in their best interest.

We are a fiduciary.

  • Inspiring confidence

We walk with our clients while holding their hand. We help them make sound financial decisions.

  • Providing exceptional service

We have a team that genuinely cares about each other and the clients we serve. We pay attention to the details. We are knowledgeable, friendly and always ready to help. This is not just a job to us; it’s our mission.
 

 

OUR SERVICES

Wealth Management

Melody very much enjoys lasting relationships and communication with her clients, and that has caused her to expand to offer wealth management services. She feels this will allow her to provide a deeper level of service that her clients were asking of her.  In the previous 10 years of working primarily hourly, she found being on the clock left clients' questions unanswered and created a rushed, imperfect planning environment for many clients.  For others, planning was infrequent: Years would pass between portfolio reviews.  Many clients didn’t implement recommendations in a timely manner (or they implemented incorrectly); they did not rebalance their accounts regularly; they tried to time the market; they simply got busy with the rest of their lives and sometimes ignored their finances.  Studies show these behaviors are very costly to investors.

To that end, Townsend Financial Planning, LLC now offers holistic “wealth management” services.  We help our clients avoid many of the common pitfalls associated with trying to manage their investments themselves. 

The cost associated with this service is generally:

Account Asset Value

 

First $2,000,000

 

Above $2,000,001

 

Annualized Fee

 

1.00%

 

0.75%

 

Hourly Engagements

Customized engagements are also available, and the cost associated can be discussed with Melody.

Our Process

The Process: 7 Steps to Financial Success

Initial Inquiry/Community Outreach

Our Responsibilities: Townsend Financial Planning, LLC, will provide a brief description of our services, philosophies, methodology, and fee structure.

 

Your Responsibilities: If our services fit your needs, we will schedule a free Get Acquainted Meeting, conducted in person or on the telephone, and at the same time provide you with additional information to help you learn more. We will also request you complete our Confidential Questionnaire in our RESOURCE CENTER section of the website.

FREE Get Acquainted Meeting/Teleconference

Our Responsibilities: We will meet with you free of charge in person or via teleconference. It's an opportunity to exchange information about your needs and objectives, to further discuss which of our services are right for you, and to provide you an estimate of the cost of our services. We do not accept commissions and instead charge for our services on an hourly (or portions of) or flat-fee basis.

 

Your Responsibilities: If you choose to use our services, we will provide a list of additional information that we will need to begin formulating your personal financial plan.

Data Gathering and Initial Preparation

Our Responsibilities: After receiving your information, we will begin to review and develop your custom financial plan. We will prepare initial reports that will be discussed with you at your next meeting.

Your Responsibilities: You will need to gather the requested data and then possibly complete a Risk Tolerance Questionnaire that we will provide. This information will need to be provided to us before your next meeting.

Interactive Goal Setting

Our Responsibilities: Depending on your individual circumstances, this meeting may or may not be necessary. If it is, it can be conducted in person or via teleconference. We will work with you to further discuss and clarify the information you have provided thus far and to refine your financial goals and objectives.

 

Your Responsibilities: This is another opportunity for you to clarify your current situation, financial goals and objectives, and to discuss with your advisor any additional questions and concerns.

Analysis and Plan Formulation

Our Responsibilities: We will refine the information you have provided and study various plan scenarios. We will provide analysis and research based on our findings and produce the final reports that include observations, assumptions, specific recommendations, and an action plan for your unique situation.

Your Responsibilities: The ball is in our court. All you have to do at this point is await your next meeting with us.

Presentation of Your Financial Plan

Our Responsibilities: We will meet to review your personal financial plan and our specific recommendations.

Your Responsibilities: Congratulations! You now hold your personal blueprint for financial success designed with your financial goals in mind. You are empowered with specific recommendations to implement your financial plan. If you wish, you may employ Townsend Financial Planning to further assist you in carrying out that plan as described under 'Our Services'.

Financial Checkups

Our Responsibilities: Periodic update meetings and reviews are essential to maintain good fiscal health. We can schedule these periodic meetings with you at whatever frequency you think appropriate.

Your Responsibilities: Financial planning is an ongoing process, not a one-time event. Proper implementation of a financial plan and periodic professional reviews are crucial to reaching your financial goals. We urge prompt attention. It's about your financial future!

Resource Center

Client Confidential Questionnaire

When we meet for our Get Acquainted Meeting, we'll review the important financial information you provide via this confidential questionnaire.

Form ADV P2A & Privacy Policy

As a Registered Investment Advisory firm, Townsend Financial Planning, LLC, is required to provide you with Part 2A: Firm Brochure upon the initial engagement and to deliver it to you on an annual basis.

 
 

Contact

Townsend Financial Planning, LLC
44 East Main Street
Mt. Sterling, KY 40353
Ph:
 (859) 498-2020 

Fax: (859) 274-4122

melody@townsendplanning.com

For directions, Click Here

Townsend Financial Planning, LLC
710 East Main St.

Lexington, KY 40502
Ph:
(859) 498-2020

Fax: (859) 274-4122

melody@townsendplanning.com

For directions, Click Here

Townsend Financial Planning, LLC
7508 New LaGrange Road, Suite 6

Louisville, KY 40222
Ph:
(859) 498-2020

Fax: (859) 274-4122

melody@townsendplanning.com