Abundo Wealth

CRD#304612
Investment Advisor Firm

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Learn more about Abundo Wealth

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Abundo Wealth is located at 3217 Montrose Blvd, Houston, TX. The firm employs 8 financial advisors to manage client portfolios and provide financial guidance. Abundo Wealth is not a registered broker-dealer.

    Abundo Wealth offers financial planning services. The firm operates on a fixed fee structure. Over the past year, the firm has provided financial planning services to 700 clients.

    Abundo Wealth is registered in the states of California, Minnesota, New York, South Dakota, Texas, Utah, and Washington.

    Number of Advisors

    8

    Disclosures

    No

    Office Location

    3217 Montrose Blvd
    Houston, TX 77006

    Abundo Wealth by the Numbers

    Total Number of Employees

    8

    National Average: 64
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    Products and Services

    Financial services offered by Abundo Wealth include financial planning services. In the last fiscal year, Abundo Wealth provided financial planning services to 700 of its accounts. The Firm does not sell products or offer services apart from investment advisory services to its investment advisory customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Find a firm that offers this service

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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    Fee Structure

    Financial management fees largely vary depending on the type of financial services offered. Fees charged by Abundo Wealth typically consist of the following fee structure: fixed.

    Available

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 69% of firms that offer this fee type

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Disclosures

    Abundo Wealth does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Abundo Wealth

    Damondrick Jack
    Houston, TX
    Richard Cooke
    Houston, TX
    Andrew Dressel
    Minnetonka, MN
    Jeremy Zuke
    New York, NY
    Margaret Klokkenga
    Morton, IL
    Lori Bodenhamer
    Houston, TX
    Olivia Lima
    Sioux Falls, SD
    Eric Simonson
    Houston, TX
    Christopher Mamula
    Ogden, UT

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