Abacus Wealth Partners aims to provide comprehensive financial planning and investment advisory services to its clients. Its financial advisors currently holds more than $2 billion in assets under management (AUM).
Abacus Wealth Partners Background
Abacus has been in operations since 2004, following the merger of Abacus Wealth Management, LLC (AWM) and Sherman Financial, Inc. (SFI). Both of these firms serve as the principal owners of Abacus today.
What Types of Clients Does Abacus Wealth Partners Accept?
Abacus serves the following clients:
- High-net-worth individuals, couples and families
- Pension and profit-sharing plans
- Charitable organizations
- Business entities
Abacus Wealth Partners Minimum Account Size
Abacus doesn’t require a minimum account size to receive its services. However, the firm imposes a minimum $120 annual fee per account. For investment advisory services, that minimum can rise to 1% of assets under management (AUM). The firm may alter or waive these minimums at its discretion.
Services Offered by Abacus Wealth Partners
Advisors with Abacus work with individual clients to build holistic financial plans. Depending on the needs and goals of the client, this plan may cover some or all of the following topics:
- Business planning
- Retirement planning
- Education funding
- Estate planning
- Tax and cash flow needs
In addition, the firm’s advisors can create, manage and monitor a diversified investment portfolios on behalf of its clients.
Abacus Wealth Partners Investment Philosophy
Abacus doesn’t engage in market timing or stock picking. Instead, it believes that a well-diversified portfolio can outperform an actively managed one during long-term market cycles. For this reason, it primarily builds client portfolios with mutual funds.
That said, Abacus may also provide advice around exchange-traded funds (ETFs), individual securities such as stocks and bonds, options and variable annuities. Ultimately, the asset allocation for any portfolio depends on the individual needs of the client and circumstances such as risk tolerance and time horizon.
Fees Under Abacus Wealth Partners
For financial planning services, the firm usually charges an hourly fee. The rate depends on the complexity of the services requested. Hourly fees typically range from $150 to $300.
Investment management fees are based on a percentage of the client's account size and follow the current fee schedule we detail below.
|Portfolio Value||Base Fee|
|Up to $3,000,000||1.00%|
|$3,000,001 - $5,000,000||0.75%|
|$5,000,001 - $15,000,000||0.50%|
|More than $15,000,000||0.25%|
These fees are prorated and charged quarterly in advance, based upon the market value of the assets being managed by Abacus on the last day of the previous quarter. If investment advisory clients with account sizes more than $10,000 request financial planning services, the charges for those services are included in the investment management fee.
What to Watch Out For
Abacus is entitled to management and performance fees from partnerships it sponsors, namely the Abacus Sustainable Fund and Align Impact Fund 2013. However, it has chosen to waive or credit those fees for investors who are clients of Abacus’s investment advisory and financial planning business.
Abacus had no legal or disciplinary events to disclose as of the time of this writing. For the latest details, you can access its Form ADV on the official website of the Securities Exchange Commission (SEC).
Opening an Account With Abacus Wealth Partners
To contact the firm, send a message on its website at https://abacuswealth.com/contact/ or call (888) 422-2287.
Where Is Abacus Wealth Partners Located?
You can find headquarters at the following address: 429 Santa Monica Boulevard, Suite 500, Santa Monica, California 90401
Its other offices are at:
San Francisco Bay Area - 101 S. Main Street, Sebastopol, California 95472
San Mateo - 700 S B Street, Suite 200, San Mateo, California 94401
South Bay - 2301 Rosecrans, Suite 4150, El Segundo, California 90245
Philadelphia - 1760 Market Street, Suite 403, Philadelphia, Pennsylvania 19103
Pasadena - 225 S. Lake Ave, Suite 300, Pasadena, California 91101
Westlake Village - 340 N. Westlake Blvd., Suite 160, Westlake Village, California 91362
Woodland Hills- 21550 Oxnard Street, Suite 845, Woodland Hills, California 91367
All information was accurate as of the writing of this article.
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