Abundance Wealth Counselors, LLC

CRD#111740
Investment Advisor Firm

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Learn more about Abundance Wealth Counselors, LLC

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

    • Overview

    Abundance Wealth Counselors, LLC is located at 232 Regent Court, State College, PA. The firm employs 10 financial advisors to manage client portfolios and provide financial guidance. Abundance Wealth Counselors, LLC is not a registered broker-dealer.

    Abundance Wealth Counselors, LLC oversees $1.2 billion in assets under management across 1,638 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 26 and 50 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. The firm caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, insurance companies, and corporations, with retail investors being the largest client type by accounts. The fee structure at Abundance Wealth Counselors, LLC includes asset-based and fixed fees. The firm has 185 high net worth clients and maintains affiliations with a lawyer or law firm and an insurance company or agency.

    Abundance Wealth Counselors, LLC is registered in the states of California, Delaware, Florida, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas, and Virginia.

    Assets Under Management

    $1.2 billion

    Number of Advisors

    10

    Disclosures

    No

    Office Location

    232 Regent Court
    State College, PA 16801

    Abundance Wealth Counselors, LLC by the Numbers

    Total Assets Under Management

    $1.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    26

    National Average: 64
    Total Number of Accounts

    1,638

    National Average: 375,227
    Average Account Size

    $723.7 thousand

    National Average: $23.0 thousand
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    Products and Services

    Abundance Wealth Counselors, LLC provides a variety of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. In the last fiscal year, Abundance Wealth Counselors, LLC provided 26-50 of its clients with financial planning services. The Firm is not engaged in selling products or offering services apart from investment advice to its investment advisory accounts.

    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.

    • Offered by 46% of firms

      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

    Fees charged by financial advisors typically depend on which services are offered. Fees charged by Abundance Wealth Counselors, LLC can consist of some combination of the following fee structures: asset-based or fixed.

    Available

    • Offered by 69% of firms

      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.

    • 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 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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    Types of Clients

    The company works with a broad range of investors. It provides services to retail investors, high net worth investors, pooled investment vehicles, pension plans, insurance companies, and corporations. Out of its 6 clients, Abundance Wealth Counselors, LLC's largest client type by number of accounts is high net worth investors, though it also serves 185 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 40.48%
    • Other Individuals - 48.58%
    • Corporations - 10.94%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Abundance Wealth Counselors, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Abundance Wealth Counselors, LLC

    John Schaffer
    State College, PA
    Sean Walker
    State College, PA
    Toner Corl
    State College, PA
    Lauren Gretchen
    State College, PA
    Aaron Krasney
    State College, PA
    Derek Varner
    State College, PA
    Ann Mallison
    State College, PA
    Martin Wildy
    State College, PA
    Jamie Felker
    State College, PA

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