Financial Abundance, Inc

CRD#143300
Investment Advisor Firm

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

    • Overview

    Financial Abundance, Inc is located at 2134 Sandy Drive, State College, PA. The firm employs 3 financial advisors to manage client portfolios and provide financial guidance. Financial Abundance, Inc is not a registered broker-dealer.

    Financial Abundance, Inc oversees $204.8 million in assets under management across 1,444 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 11 and 25 clients. The services offered include financial planning services, selection of other advisers, and educational seminars. The firm caters to retail investors and high net worth investors, with retail investors being the largest client type by accounts. The fee structure at Financial Abundance, Inc includes asset-based, fixed, and other fees. The firm has 59 high net worth clients.

    Financial Abundance, Inc is registered in the states of Florida, Nevada, New York, North Carolina, Pennsylvania, South Carolina, Texas, and Virginia.

    Assets Under Management

    $204.8 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    2134 Sandy Drive
    State College, PA 16803

    Financial Abundance, Inc by the Numbers

    Total Assets Under Management

    $204.8 million

    National Average: $8.6 billion
    Total Number of Employees

    4

    National Average: 64
    Total Number of Accounts

    1,444

    National Average: 375,227
    Average Account Size

    $141.8 thousand

    National Average: $23.0 thousand
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    Products and Services

    Financial Abundance, Inc offers multiple financial services, which can include financial planning services, selection of other advisers, and educational seminars. In the past fiscal year, Financial Abundance, Inc provided 45621 of its clients with financial planning services. The Firm does sell products or offer services different than investment advice to its 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.

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      Portfolio Management

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

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      Market Timing Services

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

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial management usually vary depending on the services offered. Fees charged by Financial Abundance, Inc may include some blend of the following fee types: asset-based, fixed, or other.

    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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    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.

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    Types of Clients

    The company works with retail investors and high net worth investors. Out of its 2 clients, Financial Abundance, Inc's largest client type by number of accounts is retail investors, but it also manages money for 59 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 13.47%
    • Other Individuals - 86.53%
    • Corporations - 0%
    • 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

    Financial Abundance, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Financial Abundance, Inc

    Ashton Immel
    State College, PA
    Debra Seaward
    State College, PA
    Rubin Nichols
    State College, PA

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