Description of Firm
Mallini Complete Financial Planning LLC is a registered investment adviser based in Gainesville,
Florida. We are organized as a Limited Liability Company (LLC) under the laws of the State of Florida
and are currently conducting business as "Together" and/or "Together Planning". We have been
providing investment advisory services since June 2015. We are owned by George Thomas (“Tom”)
Mallini, Judson ("Jud”) T. Mallini, Lia Mallini Bertelson and Virginia Mallini Knoll.
The following paragraphs describe our services and fees. Refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs. As used in this brochure, the words "we", "our" and "us" refer to Mallini Complete Financial
Planning LLC and the words "you", "your" and "client" refer to you as either a client or prospective
client of our firm.
Portfolio Management Services
We offer discretionary and non-discretionary portfolio management services. Our investment advice is
tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio
management services, we will meet with you to determine your investment objectives, risk tolerance,
and other relevant information at the beginning of our advisory relationship. We will use the information
we gather to develop a strategy that enables our firm to give you continuous and focused investment
advice and/or to make investments on your behalf. As part of our portfolio management services, we
will customize an investment portfolio or invest your assets according to one or more model portfolios
developed by our firm, according to your risk tolerance and investing objectives. Once we construct an
investment portfolio for you, or select a model portfolio, we will monitor your portfolio's performance on
an ongoing basis and will rebalance the portfolio as required by changes in market conditions and in
your financial circumstances.
If you participate in our discretionary portfolio management services, we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization will allow us to determine
the specific securities, and the amount of securities, to be purchased or sold for your account without
your approval prior to each transaction. Discretionary authority is typically granted by the investment
advisory agreement you sign with our firm and the appropriate trading authorization forms. You may
limit our discretionary authority (for example, limiting the types of securities that can be purchased or
sold for your account) by providing our firm with your restrictions and guidelines in writing.
If you enter into non-discretionary arrangements with our firm, we must obtain your approval prior to
executing any transactions on behalf of your account. You have an unrestricted right to decline to
implement any advice provided by our firm on a non-discretionary basis. For accounts in which
Together Planning does not have discretion, we will not have the ability to buy or sell securities for your
account without written instructions. You may suffer or benefit from the trading restriction. For example,
if Together Planning cannot reach you to obtain approval, or if you do not place the order upon receipt
of the call, the price of the security to be purchased or liquidated may have fluctuated during this time.
Financial Planning Services
We provide one-time and ongoing financial planning services. These services are typically in
conjunction with investment management services. One-time planning may be provided as a
standalone service. Ongoing financial planning is generally only offered in conjunction with investment
management services. With our financial planning services, our goal is to help you worry less and
enjoy your life more by developing a plan to help you meet the goals that are important to your career
and your family. Our initial conversations will help us understand your values, goals, family structure,
health picture, and financial circumstances. Then we will collect data to develop a financial plan.
Together we will develop an action plan, along with our recommendations, to help you achieve your
objectives. At the end of the initial planning period, you will receive written reports outlining your
projections and our recommendations for each area of financial planning that is pertinent to you
(retirement planning, investment planning, tax planning, insurance planning, education planning, and
estate planning).
If you retain our firm for both financial planning and investment management services, you will also
receive online access to your financial plan, access to your adviser when questions arise, a formal
review of your plan and an annual meeting to check your progress and recommend adjustments, and
assist with coordination with your tax planning, insurance, and estate planning professionals.,
Financial plans are based on your financial situation at the time we present the plan to you, and on the
financial information you provide to us. You must promptly notify our firm if your financial situation,
goals, objectives, or needs change during our engagement.
You are under no obligation to act on our financial planning recommendations. Should you choose to
act on any of our recommendations, you are not obligated to implement the financial plan through any
of our other investment advisory services. Moreover, you may act on our recommendations by placing
securities transactions with any brokerage firm. Together Planning is not authorized or qualified to give
legal advice or prepare legal documents, prepare, or amend the filing of personal income, gift, or
estate tax returns, or to act as a trustee. You should consult your attorney, accountant, and other
personal advisers for these services.
Retirement Plan Services – SIMPLE IRA Plans
Together
Planning will provide investment advisory services to individuals participating in an employee
sponsored Simple Plan. Plans will be administered by American Fund Services (AFS) and the Client
will execute documents with the Custodian, Capital Bank and Trust, authorizing Together Planning to
trade in your account. Together Planning will oversee the plan and assist you in establishing and
managing your account. Together Planning is available for consultation and offers annual online review
meetings.
Additional Services - Use of Third-Party Insurance Analysis Platform
As part of our portfolio management and financial planning services Together Planning reviews your
overall allocation, including your existing annuities / insurance products, if applicable. Upon review of
your financial status, Together Planning may propose that you include, as part of your financial
portfolio, one or more types of products that are not part of the investment advisory services provided
by Together Planning, such as insurance products. If you choose to include such a product in your
financial portfolio, Together Planning recommends that you work closely with your attorney,
accountant, insurance agent and other related professionals. Incorporation of the non-advisory
financial product into your financial plan is entirely at your discretion.
To assist with this review, Together Planning has entered into an agreement with a non-affiliated
insurance firm to provide solutions to clients with existing insurance / annuity products. This agreement
provides our clients access to a platform of insurance products by DPL Financial Partners, LLC
("DPL"). As a client of Together Planning, you are under no obligation to use DPL's service, and may
seek insurance advice from any licensed agent. The insurance products and fee structures available
from DPL may differ from those available from other third-party insurance agents. Together Planning
recommends that you fully evaluate products and fee structures to determine which arrangements are
most favorable prior to making an investment decision. Together Planning does not receive
compensation for insurance products selected by the investor, whether secured through DPL or any
other agent. In some cases, Together Planning may charge an asset management fee on insurance
and annuity products that are part of your portfolio. Please refer to Item 5 Fees and Compensation for
additional details.
Advisory Consulting Services
We offer consulting services that primarily involves advising clients on specific financial-related topics.
The topics we address may include, but are not limited to, risk assessment/management, investment
planning, financial organization, or financial decision making/negotiation. These engagements are
more limited in scope and are billed on an hourly basis.
IRA Rollover Recommendations
As part of our investment advisory services to you, we may recommend that you withdraw the assets
from your employer's retirement plan and roll the assets over to an individual retirement account
("IRA") that we will manage on your behalf. If you elect to roll the assets to an IRA that is subject to our
management, we will charge you an asset-based fee as set forth in the agreement you executed with
our firm. This practice presents a conflict of interest because persons providing investment advice on
our behalf have an incentive to recommend a rollover to you for the purpose of generating fee-based
compensation rather than solely based on your needs. You are under no obligation, contractually or
otherwise, to complete the rollover. Moreover, if you do complete the rollover, you are under no
obligation to have the assets in an IRA managed by our firm.
For purposes of complying with the DOL’s Prohibited Transaction Exemption 2020-02 (“PTE 2020-02”)
where applicable, we are providing the following acknowledgment to you. When we provide investment
advice to you regarding your retirement plan account or individual retirement account, we are
fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the
Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we
make money creates some conflicts with your interests, so we operate under a special rule that
requires us to act in your best interest and not put our interest ahead of yours. Under this special rule’s
provisions, we must:
Meet a professional standard of care when making investment recommendations (give prudent
advice);
Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
Avoid misleading statements about conflicts of interest, fees, and investments;
Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
Charge no more than is reasonable for our services; and
Give you basic information about conflicts of interest.
Wrap Fee Programs
We do not participate in any wrap fee program.
Types of Investments
We primarily offer advice on equity securities ("stocks"), corporate debt securities ("bonds"), master
limited partnerships ("MLPs"), mutual funds and exchange traded funds ("ETFs"). Additionally, we may
advise you on various types of investments based on your stated goals and objectives. We may also
provide advice on any type of investment held in your portfolio at the inception of our advisory
relationship. You may request that we refrain from investing in particular securities or certain types of
securities. You must provide these restrictions to our firm in writing.
We are not a broker, nor are we insurance agents. Therefore, we do not receive commissions.
Assets Under Management
As of January 1, 2024, we provide continuous management services for $127,940,402 in client assets
on a discretionary basis, and $962,638 in client assets on a non-discretionary basis.