Abg Consultants, LLC (Salt Lake City)

Name: Abg Consultants, LLC
Address: 7090 South Union Park Avenue, Salt Lake City, UT, 84047
Telephone: 801-486-5069

Abg Consultants, LLC is a large advisory firm based in Salt Lake City. It manages $318.34 million of regulatory assets for 267 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Colorado, Texas, and Utah.

Abg Consultants provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Abg Consultants: assets under management

The assets under management (AUM) of Abg Consultants, LLC is $318.34 million. The firm's AUM has grown by 335% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $217.59 million in discretionary accounts and $100.75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $968.73 thousand.

Abg Consultants has custody of $318.34 million in cash and securities for 256 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 99% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Abg Consultants, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Abg Consultants serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Abg Consultants is pension and profit sharing plans with 164 clients and $301.67 million of assets under management. Among the 7 most similar advisory firms, Abg Consultants has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $318.34 million for 247 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Abg Consultants doesn't advise any private funds.

Careers at Abg Consultants, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence Nmi Solomon	President, owner, chief compliance officer	1 Mar 2004	Other	4786557
Inc Rocky Mountain Employee Benefits	Owner	1 Jan 2010	75% - 100%	87-0364490

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
William Jeffrey Zobell	Owner	1 Jan 2010	25% - 50%	4904775
Dallin Brett Zobell	Owner	1 Jan 2010	25% - 50%	4904717
Lawrence Nmi Solomon	Owner, president	1 Jan 2010	Other	4786557
Shawn K. Oram	Owner	1 Jan 2010	25% - 50%	6631462
Christopher A Mautz	Owner	1 Jan 2010	25% - 50%	5014170
Dennis Eugene Zobell	Owner	1 Jan 2010	50% - 75%	4786569

Based in Salt Lake City

The principal office where Abg Consultants, LLC performs its advisory services is located at 7090 South Union Park Avenue, Salt Lake City, UT 84047, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-486-5069 or by fax 801-483-1255. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at consultabg.com.