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Melanin Million Movement!

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Disclaimer: Melanin Money is not a Registered Investment Advisor. Investment advisory services are offered through Capitalwize, LLC. Acheampong Enterprise, LLC DBA "Melanin Money" is a marketing campaign that sells lifestyle apparel and accessories that were created to bring awareness to the movement of helping people of color build wealth. Clients of Capitalwize are under no obligation to purchase products from Melanin Money. Additionally, Customers of Melanin Money are under no obligation to become investment advisory clients.

Why invest with Capitalwize?

  • Transparent and intuitive interface. Whether you have an account that is directly managed with us or not, you have the ability to sync up all of your accounts in one place to get a more visible depiction of their current status.


  • Simple and transparent pricing- Your annual fee of 1.25% covers all transactions, trades, transfers, rebalancing, advice, and account administration. Unlike many other companies, we do not charge you additional transaction fees to buy and sell securities. Fund level fees are directly to fund providers; we receive no part of these fees.


  • Socially Responsible Investing - Socially responsible investing (SRI) is an approach to investing that reduces exposure to companies that are deemed to have a negative social impact—e.g., companies that profit from poor labor standards or environmental devastation—while increasing exposure to companies that are deemed to have a positive social impact—e.g., companies that foster inclusive workplaces or commit to environmentally sustainable practices.  


  • Automated behavioral guardrails – We put strategic guardrails in place to prevent you from making decisions that could negatively impact your performance.


  • Consolidate your investments - Have an old 401(K) from a previous employer(s). initiate a rollover in minutes.


  • Smart Deposit - You can invest automatically and incrementally without having to lift a finger. Simply tell us your bank balance you want to maintain and the maximum amount you would like to invest and we will do the rest.  
  • Tax impact preview – That shows you the potential tax impact of withdrawal or allocation changes.  
  • Tax loss harvesting – A strategy which is the practice of selling a security that has experienced a loss. By realizing, or “harvesting” a loss, investors are able to offset taxes on both gains and income. The sold security is replaced by a similar one, maintaining an optimal asset allocation and expected returns.  
  • Tax Coordinated Portfolios – With a TCP, you have the potential to increase your portfolio value by an estimated 15% over 30 years. Betterment conducted research that shows Tax-Coordinated PortfolioTM (TCP) can boost after-tax returns by an average of 0.48% each year, which approximately amounts to an extra 15% over 30 years. TCP optimizes and automates a strategy called asset location. It starts by placing your assets that will be taxed highly in your IRAs, which have big tax breaks. Then, it places your lower-taxed assets in your taxable accounts. It does this in a way that keeps your overall allocation the same, while boosting your after-tax returns.  
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Frequently Asked Questions

How will my money be invested?

We have proven strategies that have been around for decades and use technology to make them more efficient. Our goals are aligned: to increase your long-term returns. Our investment philosophy is backed by decades of research. Your money will be invested in a diversified portfolio of low-cost index funds. Which over the long term, is likely to outperform a high-cost, actively managed portfolio. We have several portfolio options, and we can help choose which is right for you. We have partnered with the largest online advisor to offer you world class investment management. For a deeper understanding, you can learn more here.


What is the minimum amount I can invest to be apart of this movement?

The goal is to have everyone invest $1,000. Whether that's 1,000 all at once, quarterly ($250.00) or Monthly ($84.00) however you can invest a minimum of $50.00 per month if thats all you can do.


Can I invest more than $1,000? Absolutely. The goal is to build wealth for everyone, regardless of where they are on their journey. We recognize that some people may be further along on their journey, or may simply have the means to do more, and if that applies to you, we certainly welcome the opportunity to help you build as much wealth as possible.


What type of account(s) will my money be invested in? 

This will be contingent upon your goal for the money and the time horizon associated with that goal. Whether it’s for a future major purchase, retirement or general wealth building, we have account options that will work best for your goals. Account types included but not limited to: an individual taxable account, IRA and Roth IRA.


Can you help me with other accounts that I may have such as my current 401(k) or one from a previous employer? 

Yes. If you have an account that you would like our firm to manage such as a 401(k) from a previous employer, we can help you roll that over into a new account with our firm. Also, once you have an account with us, you can even add accounts that we don't manage, such as your current 401(k) so that you can have an organized view of all your accounts to better track and manage your overall wealth.


Does Melanin Money invest my money for me? 

No. Melanin Money is not a Registered Investment Advisor. Investment advisory services are offered through Capitalwize, LLC. Melanin Money is a marketing campaign that sells lifestyle apparel and accessories that were created to bring awareness to the movement of helping people of color build wealth.


Is my money pooled together with other investors?

No. Each account is opened for you as an individual. While this is a movement to create awarness around building wealth as a person of color, our money is invested soley for you and your goals. 


What's the purpose of the merchandise?  

The reason why we created merchandise was to create visual awareness for the movement. We wanted a way to spark conversation that would ultimately drive people back to the real cause at hand. some of profits that we generate from the merchandise aid in our efforts of putting together financial literacy initiatives that help educate those in communities who would otherwise not have access to the resources or information that can help change the trajectory of their financial situation.  

Are you ready to start the journey to build wealth for you and your families legacy? Open your account today.

OPEN YOUR ACCOUNT

Wear your walking affirmations about building wealth & start conversations wherever you go without having to say a word.

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