Description of Advisory Firm Abundo Wealth Inc.initially filed for registration as an Investment Adviser with the SEC in September of 2021. We were founded in August, 2019. Eric Simonson is the principal owner of Abundo Wealth.
Abundo Wealth does not currently report any discretionary or non-discretionary Assets Under Management as of December 31, 2023.
Types of Advisory Services Investment Management Services & Ongoing Comprehensive Financial Planning We do not manage assets. We provide web-based investment management services, and ongoing comprehensive financial planning through the firm's website and client portal. Prior to providing any non discretionary services, Abundo Wealth will provide Client’s with an investment management & Ongoing Comprehensive Financial Planning Agreement (the “Agreement”). Under the Agreement, the Client’s provide their current and anticipated financial condition as well as their investment objectives and risk tolerance. Abundo Wealth begins by assessing Client risk profiles through an online Questionnaire via Abundo Wealth’s website.
Financial planning involves an evaluation of a Client's current and future financial state by using currently known variables to predict future cash flows, asset values, and withdrawal plans. The key defining aspect of financial planning is that through the financial planning process, all questions, information, and analysis will be considered as they affect and are affected by the entire financial and life situation of the Client.
Abundo Wealths platform maintains and monitors Client’s Individual account parameters. This review may include types of account, investment objectives, overall financial conditions, personal and business assets, risk tolerances, and other factors unique to the Client’s individual situations. Based on our Client’s parameters, our platform will develop a customized financial plan. Periodic reviews of online questionnaires may result in the Client’s Financial Plan being revised.
Client’s will be directed to establish their goals and values around money through our online client portal. They will be required to provide information to help complete the following areas of analysis: net worth, cash flow, insurance, credit scores/reports, employee benefit, retirement planning, insurance, investments, college planning, and estate planning. Once the Client's information is reviewed, their detailed financial plan will be built and delivered to the Client electronically.
In general, the financial plan will address any or all of the following areas of concern. These areas may include, but are not limited to, the following: ●Business Planning: We provide consulting services for Clients who currently operate their own business, are considering starting a business, or are planning for an exit from their current business.
Under this type of engagement, we work with you to assess your current situation, identify your objectives, and develop a plan aimed at achieving your goals.
●Cash Flow and Debt Management: We will conduct a review of your income and expenses to determine your current surplus or deficit along with advice on prioritizing how any surplus should be used or how to reduce expenses if they exceed your income. Advice may also be provided on which debts to pay off first based on factors such as the interest rate of the debt and any income tax ramifications. We may also recommend what we believe to be an appropriate cash reserve that should be considered for emergencies and other financial goals, along with a review of accounts (such as money market funds) for such reserves, plus strategies to save desired amounts.
●College Savings: Includes projecting the amount that will be needed to achieve college or other post-secondary education funding goals, along with advice on ways for you to save the desired amount. Recommendations as to savings strategies are included, and, if needed, we will review your financial picture as it relates to eligibility for financial aid or the best way to contribute to grandchildren (if appropriate).
●Employee Benefits Optimization: We will provide review and analysis as to whether you, as an employee, are taking the maximum advantage possible of your employee benefits. If you are a business owner, we will consider and/or recommend the various benefit programs that can be structured to meet both business and personal retirement goals.
●Estate Planning: This usually includes an analysis of your exposure to estate taxes and your current estate plan, which may include whether you have a will, powers of attorney, trusts, and other related documents. Our advice also typically includes ways for you to minimize or avoid future estate taxes by implementing appropriate estate planning strategies such as the use of applicable trusts.

We always recommend that you consult with a qualified attorney when you initiate, update, or complete estate planning activities.
●Financial Goals: We will help Clients identify financial goals and develop a plan to reach them.
We will identify what you plan to accomplish, what resources you will need to make it happen, how much time you will need to reach the goal, and how much you should budget for your goal.
●Insurance: Review of existing policies to ensure proper coverage for life, health, disability, long-term care, liability, home, and automobile.
●Investment Analysis: This may involve developing an asset allocation strategy to meet Clients’ financial goals and risk tolerance, providing information on investment vehicles and strategies, reviewing employee stock options, as well as assisting you in establishing your own investment account at a selected broker/dealer or custodian. The strategies and types of investments we may recommend are further discussed in Item 8 of this brochure.
●Retirement Planning: Our retirement planning services typically include projections of your likelihood of achieving your financial goals, typically focusing on financial independence as the primary objective. For situations where projections show less than the desired results, we may make recommendations, including those that may impact the original projections by adjusting certain variables (e.g., working longer, saving more, spending less, taking more risk with investments).
If you are near retirement or already retired, advice may be given on appropriate distribution strategies to minimize the likelihood of running out of money or having to adversely alter spending during your retirement years.
●Risk Management: A risk management review includes an analysis of your exposure to major risks that could have a significant adverse impact on your financial picture, such as premature death, disability, property and casualty losses, or the need for long-term care planning. Advice may be provided on ways to minimize such risks and about weighing the costs of purchasing insurance versus the benefits of doing so and, likewise, the potential cost of not purchasing insurance (“self-insuring”).
●Tax Planning Strategies: Advice may include ways to minimize current and future income taxes as a part of your overall financial planning picture. For example, we may make recommendations on which type of account(s) or specific investments should be owned based in part on their “tax efficiency,” with the consideration that there is always a possibility of future changes to federal, state or local tax laws and rates that may impact your situation.
We recommend that you consult with a qualified tax professional before initiating any tax planning strategy, and we may provide you with contact information for accountants or attorneys who specialize in this area if you wish to hire someone for such purposes. We will participate in meetings or phone calls between you and your tax professional with your approval.
●Charitable Giving Strategies: A thorough review of any charitable giving goals you have will be conducted and advice will be given on the best way to accomplish these goals. For example, gifting highly appreciated stock directly to a charity versus giving cash gifts or using life insurance death benefits as a way to leverage your annual gifts. We will work with a qualified tax professional on any recommendations that are dependent on your ability to deduct these contributions.
●Multi-generational Planning: As part of the ongoing financial planning process, we will discuss if there are considerations that need to be made around taking care of aging parents financially or helping ensure a smooth transfer of wealth between generations. We will also be available to answer questions from our client’s children as they begin to earn and save money.
●Travel Financial Planning: As travel has taken up a larger and larger share of younger clients' annual expenses, we will work together to help you save money here while still enjoying this lifestyle.
This would include helping you responsibly use credit card rewards for free flights as well as working to find your flight and hotel deals at your desired destination.
Client Tailored Services and Client Imposed Restrictions We offer the same suite of services to all of our Clients. However, specific Client financial plans and their implementation are dependent upon the Client Investment Policy Statement which outlines each Client’s current situation (income, tax levels, and risk tolerance levels) and is used to construct a Client specific plan to aid in the selection of a portfolio that matches restrictions, needs, and targets.
Wrap Fee Programs We do not participate in wrap fee programs.