Michael Kostelnik
Family Life Financial Planning · Mentor, Ohio
Michael Kostelnik is a fee-only financial advisor at Family Life Financial Planning in Mentor, Ohio. Michael charges a percentage of assets, hourly fees, a one-time planning fee and a flat fee or retainer (ongoing planning from $3,000 a year and one-time plans from $500) and focuses on retirement planning.
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Specialties
Who they serve
- Retirees
- Pre-retirees
Facts
| Firm | Family Life Financial Planning |
|---|---|
| Based in | Mentor, Ohio |
| Fee model | Percentage of assets · Hourly · One-time planning fee · Flat fee or retainer |
| Fees (firm's website) | Ongoing planning from $3,000 a year · One-time plans from $500 · $200 an hour · No asset minimum |
| Works virtually | Yes |
| Accepting new clients | Yes |
| Assets under management | $5.8M across 54 accounts |
| SEC registration | Investment adviser representative in OH · CRD 4941681 |
| Exams passed | Series 65 (2016) · Series 66 (2005) |
| Firm size | 1 employee |
| Disclosures | None reported |
| Website | www.saveforyourfamily.com |
| Profile |
How Michael's firm compares
- Ongoing planning starts at $3,000 a year, in line with the Ohio median of $3,000 for fee-only firms that publish prices.
- A one-time plan starts at $500, below the Ohio median of $1,500 for fee-only firms that publish prices.
- The hourly rate is $200, below the US median of $300 for fee-only firms that publish prices.
- Family Life Financial Planning's average account is about $107,000, from its Form ADV (assets managed divided by 54 accounts).
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Questions about Michael
Is Michael Kostelnik a fee-only financial advisor?
Yes, according to SEC records as of October 29, 2026: Michael holds no broker registration, and Family Life Financial Planning reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.
How does Michael charge for financial advice?
Michael charges a percentage of assets, hourly fees, a one-time planning fee and a flat fee or retainer.
How much does Michael charge?
According to Family Life Financial Planning's website, checked October 30, 2026: ongoing planning from $3,000 a year; one-time plans from $500; $200 an hour; no asset minimum.
Does Michael work with clients virtually?
Yes. Family Life Financial Planning says on its website that it works with clients remotely.
Where is Michael Kostelnik based?
Michael Kostelnik is based in Mentor, Ohio.
What does Michael specialize in?
Michael's specialties include retirement planning. Michael works with retirees and pre-retirees.
Is Michael Kostelnik registered with the SEC?
Yes. Michael Kostelnik is registered as an investment adviser representative in OH (CRD 4941681), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.
How much does Family Life Financial Planning manage?
Family Life Financial Planning reports $5.8M across 54 accounts in assets under management.
How do I contact Michael Kostelnik?
Through Michael's website, www.saveforyourfamily.com.
What these terms mean: fee-only · fiduciary · CFP · CRD number · all terms
Where this information comes from
- SEC adviser records : the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- Family Life Financial Planning website : specialties, clients served, and fees, checked October 30, 2026
- SEC Investment Adviser Public Disclosure : registration, exams, and the firm's Form ADV, data as of October 29, 2026
- Directory listing last checked October 30, 2026.
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