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Looking for Affordable Financial Advice? Get to Know Abundo Wealth

By  Brian Thorp

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How you pay, and how much you pay, for financial advice is changing. If you thought you couldn’t afford to work with a financial advisor, it’s time to think again.

Most financial advisors charge fees based upon the value of your investment portfolio they manage on your behalf. For example, if the investment account managed by your financial advisor is worth $500,000, you can usually expect to pay a fee of around 1%, or $5,000, per year.

Abundo Wealth is different. Abundo offers flat fee financial planning services with a monthly subscription model starting under $100 a month, after paying an upfront cost of a few hundred dollars for a comprehensive financial plan. Currently, the Abundo pricing options are determined whether you hire them as an individual or as a couple:

  • Individuals: $375 upfront cost, then $89/month
  • Couples: $450 upfront cost, then $139/month

Using the $500,000 portfolio example above, an individual can expect to save $3,500 in their first year working with Abundo Wealth instead of a traditional financial advisor that charges a 1% fee. For couples, the savings in year one could be around $2,800 for a $500,000 portfolio.

What to Expect When You Become an Abundo Wealth Client

The financial plan delivered to Abundo clients near the start of the relationship includes an actionable task list, usually suggesting 15 to 20 tasks to work on. Onboarding with Abundo generally includes an initial meeting to learn about their proprietary tools, another meeting to review their recommendations, followed by a check-in meeting about a month later.

After the onboarding period, it’s typical for most clients to meet with Abundo 5 to 6 times in the first year, and 2 to 3 times in future years. And by conducting all meetings online via Google Meet or Zoom, clients also gain back time otherwise spent commuting to meet with a financial advisor in person.

What also differentiates Abundo Wealth from most other financial advisors is their passion for travel. Clients of Abundo Wealth gain access to The Travel Lounge, an online library of travel advice that features recommendations on where you can fly to maximize your airline rewards points. And while a typical financial advisor doesn’t offer travel services, the team at Abundo also helps their clients with travel planning to find the cheapest flights and additional recommendations.

What do Abundo Clients Say About Working with Abundo Wealth?

Beyond a financial advisor’s experience and credentials, you may find it valuable to learn what clients of Abundo Wealth have to say about their experience working with Abundo financial advisors. Just below, you can scroll through dozens of reviews to help you decide if you’ll enjoy working with the team at Abundo.

✅ Read Certified Advisor Reviews™ for Abundo Wealth:

Reviews for Abundo Wealth

We’ve already happily introduced them to 5 of our friends

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
January 19, 2023

Eric and the team at Abundo are incredible. The monthly fee business model they have set up really builds trust and transparency into the relationship.

I mainly made the intro for my partner, but soon realized I needed his help too 😅. We’ve already happily introduced them to 5 of our friends which is the biggest testament to good service. I wish I found these people years ago! Thanks, Eric. Looking forward to working with you for years to come.

◼ Relationship to Financial Advisor:Current Client
◼ Compensation:This reviewer received no compensation for this review.
◼ Conflicts of Interest:There are no material conflicts of interest.
Avatar for Marcus
Marcus

Five Stars

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
December 1, 2022

Lori is amazing! She’s enthusiastic, highly organized and will get all your financial needs together with a smile!

◼ Relationship to Financial Advisor:Current Client
◼ Compensation:This reviewer received no compensation for this review.
◼ Conflicts of Interest:There are no material conflicts of interest.
Avatar for Noemi Zeigler
Noemi Zeigler

Five Stars

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
October 26, 2022

Great service!

◼ Relationship to Financial Advisor:Current Client
◼ Compensation:This reviewer received no compensation for this review.
◼ Conflicts of Interest:There are no material conflicts of interest.
Avatar for Jon P
Jon P

Five Stars

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
October 26, 2022

My wife and I have been Abundo clients for a few months now. Andrew is our advisor and he is professional and a joy to work with. Abundo’s subscription based flat fees are a tremendous value, especially compared to a traditional 1% AUM advisor(rip off)! We are so grateful we discovered this company.

◼ Relationship to Financial Advisor:Current Client
◼ Compensation:This reviewer received no compensation for this review.
◼ Conflicts of Interest:There are no material conflicts of interest.
Avatar for Steven Johnson
Steven Johnson

Five Stars

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
October 21, 2022

We’ve worked with the Abundo team since the company’s founding and feel 100% confident that these folks are passionate about our financial journey. We’ve got the tools and communication we need to manage our money well and work smarter, not just harder. The apps, tailored investment strategy, and regular check ins feel like financial planning as it should be.

◼ Relationship to Financial Advisor:Current Client
◼ Compensation:This reviewer received no compensation for this review.
◼ Conflicts of Interest:There are no material conflicts of interest.
Avatar for Drew Lerdal
Drew Lerdal

They deserve all the stars!

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
July 6, 2022

Abundo Wealth has been our financial planner over a year. They have helped us with every financial question possible. They are a super cool group of people who legitimately want you to succeed. But one of the coolest things as an avid traveler is that they will also make sure you are getting the most perks from your flight deals, credit card points, and anything that involves traveling expenses. They don’t only answer your questions whenever you reach out to them. They proactively inform you about changes, rates, etc as they see fit with your financial goals and plans. AND they have a reasonable monthly rate with no hidden fees. They deserve all the stars!

◼ Relationship to Financial Advisor:Current Client
◼ Compensation:This reviewer received no compensation for this review.
◼ Conflicts of Interest:There are no material conflicts of interest.
Avatar for Reelika Huebner
Reelika Huebner

The Best!

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
May 5, 2022

Abundo Wealth is absolutely amazing. Extremely intelligent people and they not only handle investments and financial planning, but also do other helpful things like maximizing credit card points and helping with travel. I work with Eric and he’s the best. Always gets back to me quickly and has provided great advice. Couldn’t recommend enough!

◼ Relationship to Financial Advisor:Client
◼ Compensation:No Compensation Received
◼ Conflicts of Interest:No Material Conflicts of Interest
Avatar for Brett Donnelly
Brett Donnelly

5 Stars

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
May 1, 2022

⭐⭐⭐⭐⭐

◼ Relationship to Financial Advisor:Client
◼ Compensation:No Compensation Received
◼ Conflicts of Interest:No Material Conflicts of Interest
Avatar for Lindsay Dubbeldee
Lindsay Dubbeldee

Five Stars

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
April 7, 2022

These guys know what they are doing.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Marcus Woodard
Marcus Woodard

Gained a sense of understanding and control

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
February 13, 2022

I was never very involved in our finance, my wife was. Now, with the coaching and simplifications from Eric and Nathan, I have gained a sense of understanding and control. I have been more invested and actually excited about our investments. The guidance we received from Eric’s team has helped tremendously in the last 3 or 4 years. I feel I can trust the advice as being genuine because there aren’t ulterior motives or sale behind it. Eric’s team advice and tools are all there to help, even protect my investments down to the details. It is a great place to be and a great partnership to have. One that I am very grateful for. Fred V.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Fred Varin
Fred Varin

Incredible team

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
February 11, 2022

Eric and the team at Abundo are incredible. The monthly fee business model they have set up really builds trust and transparency into the relationship.

I mainly made the intro for my partner, but soon realized I needed his help too 😅. We’ve already happily introduced them to 5 of our friends which is the biggest testament to good service. I wish I found these people years ago! Thanks, Eric. Looking forward to working with you for years to come.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Marcus Clayton
Marcus Clayton

Really impressed

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
February 11, 2022

My partner and I just started working with Abundo and are really impressed by their process, software, and staff. We finally feel like we’re getting the financial advise we need to set ourselves up to accomplish our short and long term goals.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Raleigh Jackson
Raleigh Jackson

An innovative approach

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
February 9, 2022

Andrew and Eric take an innovative approach to charging for their services. The flat rate charge is much less expensive than other financial planners we checked – and good luck actually getting a straight answer on charges from other financial planners. Another thing I really like is the fact that you don’t “shove all your chips” to their firm. They help guide you in your current investments. The tools they provide are very interactive and provides a clear picture of your financial future. You can be as “hands on” as you choose to be with these tools. I’ve been working with them for a little over a year and they’ve provided wise financial advice and I feel they take a personal interest in my future.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for James Carlson
James Carlson

5 Stars

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
November 22, 2021

.

◼ Relationship to Financial Advisor:Not a client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:Friend conflict of interest
◼ Additional Disclosures:

Reviewer is a supportive friend of an Abundo employee

Avatar for psenungi
psenungi

Great team

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
November 20, 2021

Great team to work with!

◼ Relationship to Financial Advisor:Not a client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:Friend conflict of interest
◼ Additional Disclosures:

Reviewer is a supportive friend of an Abundo employee

Avatar for Devon Francke
Devon Francke

Amazing

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
November 17, 2021

Eric, Andrew and the Abundo Team are amazing. They did an amazing job first determining my goals, creating a plan to help me manage some big time financial questions, guided me through some other questions and challenges and overall are easy to work with. Their online work portal for managing is sweet and they do a great job of empowering you to look at your goals holistically or in detail.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Jason Miskowiec
Jason Miskowiec

A game changer in the industry

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
November 12, 2021

Abundo changed the way I understood and managed my finances, in a very significant way. I had been with many of the big shops and had to put so much trust in them(and $) because I was confused with the guidance and direction they provided. Eric and his team break things down to a point that you really feel in charge of your finances and future. But they also set tough(and achievable) goals that keep you on track.

This team is down to earth, brilliant in what they do, very accesible and a game changer in this industry. HIGHLY recommend

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Molly Johnson
Molly Johnson

Easy to work with

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
November 9, 2021

I was looking for a fee only advisor to help me with retirement planning and someone whom my wife would be comfortable with, Eric at Abundo has satisfied these and more. Abundo has great tools to use and easy to work with.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Mike cars Mike
Mike cars Mike

Trusted Partner

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
November 6, 2021

Top-notch firm and amazing group of people at Abundo. What I like about them?

1. Knowledgeable

2. Responsive

3. They always come to the meetings prepared

4. I am not just a client to them. They really do know me

5. They take their fiduciary duty seriously

6. Above and beyond effort. When my mother-in-law needed help, Andrew stayed on the phone with her, talking to the different financial institutions until the issue was resolved.

Glad to have such a trusted partner as part of my financial journey.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Ming Tan
Ming Tan

5 Stars

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
October 10, 2021

.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Rebecca Xu
Rebecca Xu

They’re awesome!

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
October 10, 2021

They’re awesome! The stuff I’ve learned and the travel advice they’ve given me helped me go to Hawaii for basically free. Love it! So excited to have found them.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for r xu
r xu

Extremely happy

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
October 10, 2021

I’ve been extremely happy with my experience at Abundo. I couldn’t believe the fees I was paying at my old adviser. Would definitely recommend to anyone who hates paying fees.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Lena Liu
Lena Liu

Amazing professionals. We love Abundo!

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
August 6, 2021

Eric and his team are amazing professionals who operate in a true fiduciary capacity. We know we can ask them any question and they are responsive, and they tackle some questions before we even know we have them! Being able to set a meeting any time is great, and we love being able to set the pace of communication. We love abundo!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Lauren Stuyvenberg
Lauren Stuyvenberg

Best decision

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
April 8, 2021

We’ve been using Abundo for over a year now and I can honestly still say that we made the best decision for our family when we signed up.

The advice and education that Eric gives is so valuable and the results are tangible.

Can’t wait to see what the next year brings for Abundo Wealth!!!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Elsbeth Young-Haug
Elsbeth Young-Haug

Abundo is the way to go

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
April 7, 2021

The best people for the job! No questions asked Abundo is the way to go. Personal and professional! Eric and his team are awesome!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Josh Heath
Josh Heath

I cannot say enough good things

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
March 29, 2021

I cannot say enough good things about Eric and his team; I am so glad I found Abundo when I did! I was able to get my financial goals and priorities straightened out and work on executing the plan we set at the beginning. The routine touch bases has been helpful and the team is responsive when I have questions or items I need to discuss outside of our routine review meetings. I highly recommend Abundo Wealth to anyone who is looking for a team who cares about you, your financial goals, and living your best life – anyone can do it if you have the right team beside you!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Sadie Josephs
Sadie Josephs

Highly recommend!

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
March 28, 2021

The Abundo team is amazing. They have helped my family in many ways over the past two years. We never thought we’d be able to save for retirement AND help our kids with future college expenses.

Eric and Ethan helped us create long-term goals (which aligned with our values) and have given us accountability and practical wisdom to be on a solid path to reach these goals. We are so grateful that family introduced us to the Abundo team. Highly recommend!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Traci Taylor
Traci Taylor

I feel so lucky to have found them!

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
March 26, 2021

I want to thank the Abundo team for always taking the time to answer all of my financial questions. Their expertise, attention to detail, transparency, patience, and prompt response time is greatly appreciated! I feel so lucky to have found them!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Linnea Fairbanks
Linnea Fairbanks

Eric and the rest of the Abundo team are amazing.

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
March 25, 2021

Eric and the rest of the Abundo team are amazing. By taking a holistic look at our finances they helped us shift our planning from the standard advice everyone gives to a plan that will help us achieve our personal goals. They are also incredibly responsive no matter the question.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Joshua Nelson
Joshua Nelson

I only have amazing things to say about the Abundo team!

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
March 25, 2021

I only have amazing things to say about the Abundo team! They are extremely knowledgeable about the markets, responsive to help, and most of all, focused on you and your best interests. And that can be tough to find in the finance space. Eric has helped me for years now (even before he started Abundo) and I trust him to set me on the right path to achieve my life and financial goals. They also have a great extra perk of sharing travel insights and deals. I highly recommend!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Hannah Erdman
Hannah Erdman

I have been EXTREMELY impressed with Abundo

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
March 24, 2021

I have been EXTREMELY impressed with Abundo and have recommended them to a ton of my family and friends (literally my entire immediate family has transitioned to using Abundo as well). Eric, Andrew and Ethan are PHENOMENAL – so responsive. So helpful. So personable. So smart. The amount of money they have already helped us save in the 9 or so months we’ve been with them is insane – looking forward to many more savings and solid financial decisions in the years to come! I wouldn’t recommend ANYONE ELSE for financial guidance!!!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Claire Streitman
Claire Streitman

To borrow a phrase, Abundo is “simply the best”!

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
March 24, 2021

To borrow a phrase, Abundo is “simply the best”! If you want personal attention from people who actually care about you and your finances, and who care about charging a reasonable rate for the work they do, then there’s no reason to look elsewhere! Their subscription system is far more affordable than the percentage method that so many large banks/financial planners use. Call off the search, you’ve found what you’re looking for!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Aubrey Johnson
Aubrey Johnson

5 Stars

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
March 16, 2021

.

◼ Relationship to Financial Advisor:Not a client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:Family member conflict of interest
◼ Additional Disclosures:

This review was written by a supportive spouse of an Abundo employee.

Avatar for Alexis Simonson
Alexis Simonson

Very happy I chose Abundo as our financial advisor.

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
October 31, 2020

Very happy I chose Abundo as our financial advisor. Their fees are fair, easy to understand and transparent. They embrace technology and everything is integrated and easy to use. Looking forward to working with long term.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Luke Huebner
Luke Huebner

Highest recommendation for Abundo Wealth!

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
August 10, 2020

Eric at Abundo Wealth is amazing! The structure of Abundo is like no other advising experience I have had. Eric’s fees are transparent and structured in a way that truly makes you feel like you have a sincere partner in securing your financial future. Eric is available and willing to assist with both large financial decisions and every-day, small decisions alike. Eric is exceptionally knowledgeable, yet able to simplify complex financial concepts. He makes the process user-friendly and convenient for very busy clients. Highest recommendation for Abundo Wealth!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Emilie Del Mastro
Emilie Del Mastro

Abundo crushes it!!!

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
June 1, 2020

Abundo crushes it!!! If you are using any other company for your financial advice you definitely need to chat with the Abundo crew ASAP!! Number one, they are turning the financial services industry upside down! Number two, they have fair and transparent fees unlike other advisors that charge you on a percentage of your assets which is NOT cool. the bottom line is that Abundo totally cares about their clients and are a true fiduciary at a fair fee! Do yourself a favor and reach out to them ASAP to learn more!

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Joey Torkildson
Joey Torkildson

Amazing experience

✅ Wealthtender Certified Advisor Review™
Rated 5 out of 5
October 24, 2019

My experience has been amazing with Eric at Abundo! He’s super easy to work with and always has my best interest in mind. I appreciate the full transparency with fees and investing – something my old advisor never explained well to me. I would recommend him without hesitation.

◼ Relationship to Financial Advisor:A client
◼ Compensation:No compensation was provided for this review
◼ Conflicts of Interest:No material conflicts of interest
Avatar for Katey Lund
Katey Lund

Certified Advisor Reviews are designed for compliance with the Securities and Exchange Commission Marketing Rule to help consumers make more informed and educated hiring decisions when choosing a financial advisor.

Are you preparing to hire a financial advisor? With Certified Advisor Reviews™, you will always know if a reviewer was paid to write their review and whether or not they have ever been a client of the financial advisor. You will also learn about any conflicts of interest so you can make a smarter hiring decision.


Getting Started with Abundo Wealth

If your bags are packed and you’re ready to climb aboard with Abundo Wealth, first schedule time to speak with a member of the team for free to be sure you’re a good fit to work together. Abundo offers an introductory call to everyone for free so they can learn more about you and your financial goals. They will also tell you more about how Abundo works with clients and can answer all of your questions. Simply visit their calendar to schedule a call at a time convenient for your schedule.


📈 Get to Know Abundo Wealth

This page is organized into sections to help you quickly find the information you need and get answers to your questions:

  1. Q&A with Eric Simonson, Founder of Abundo Wealth
  2. Quick Facts About Abundo Wealth
  3. Get Answers to Your Questions About Abundo Wealth

– Q&A With Eric Simonson, Founder of Abundo Wealth –

Three Questions with Eric Simonson, CFP, CRPC, CLTC

We asked financial advisor and Abundo Wealth founder, Eric Simonson, to answer a few questions to help us learn more about what makes his firm unique.

Q: You promote a low-cost investing strategy with your clients. Can you elaborate on your investment approach and how you build portfolios?

Eric: We believe the best long-term investment strategy is to invest in the market as a whole while paying the least amount of fees possible.

An overwhelming majority of data points to the fact that actively managed mutual funds produce worse returns over the long term than diversified, low fee, passively managed exchange-traded funds (ETFs) when you account for fees charged by the actively managed funds. All of our portfolios are built using ETFs.

Get to Know Abundo Wealth:

Are you interested in featuring your advisory firm on Wealthtender?

✅ Visit this page to learn more about the benefits available to financial advisors and advisory firms (2+ advisors) that join Wealthtender.

To achieve diversification, our portfolios have one ETF with at least 40 holdings for each of ten asset classes including Large-Cap, Mid-Cap, Small-Cap, International Developed, Emerging Markets, Real Estate, Government Bonds, Corporate Bonds, High Yield Bonds, and International Bonds. This means that all of our portfolios represent the combined return of at least 400 individual holdings across 11 unique asset classes when you include USD cash.

We have seven versions of each of our portfolios, accounting for our clients’ different risk tolerances. Each portfolio allocates a different percentage of its assets according to the model provided by the Modern Portfolio Theory to achieve the best risk-adjusted return.

We also help our clients invest in their values. As a result, we’ve created unique socially responsible portfolios, some broadly reaching while others focusing around specific causes such as Climate Action, Gender Equality, and Inclusive Economies.

Q: What type of people do you believe can benefit most from working with Abundo Wealth vs a traditional advisor?

Eric: Simply from a cost standpoint, we think that everyone would likely be better off working with us than with a traditional advisor.  We also believe we do a great job of providing valuable, comprehensive advice that other advisors may not do if they only focus their advice on investment or insurance sales.  We also believe we are a great fit for people who are comfortable with technology, are willing to take an active ownership role in their finances, and want a team for ongoing advice (rather than a one-and-done financial plan).  

Q: When a new client signs up with Abundo Wealth, how do you decide which financial advisor they will work with on your team? 

Eric: It’s based on advisor capacity and the client’s schedule.  Depending on which day of the week (or time of day) the client chooses they will be assigned to one of our available, amazing advisors.  That will be their point person moving forward but the whole team is always ready to support them in any way they need.

Q: What is one of your favorite travel hacks?

Eric:  I don’t know if I could pick one, but if I had to pick, one common mistake we see is people getting too concerned with maintaining loyalty to one airline.  The appeal of free checked bags or upgrades pales in comparison to what people could be getting for their points if they had a credit card that can be used on multiple airlines.  For example, Delta charges 200,000+ SkyMiles for their Delta One Suite to Europe.  For that very same flight (on Delta!), Virgin Atlantic can charge as low as 50,000.  You just need a credit card that has points that can be transferred to Virgin Atlantic.


📗 Quick Facts About Abundo Wealth

Year Founded:2019
Website:www.abundowealth.com
Wealthtender Profile Page:Abundo Wealth
Founder: Eric Simonson, CFP, CRPC, CLTC
HQ Location:Minneapolis, Minnesota

🙋‍♀️ Have Questions About Abundo Wealth?


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About the Author
Brian Thorp, Founder and CEO of Wealthtender profile picture

Brian Thorp

Founder and CEO, Wealthtender

Brian and his wife live in Texas, enjoying the diversity of Houston and the vibrancy of Austin.

With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress.

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