Abaris Financial Group, LLC (Concord)

Name: Abaris Financial Group, LLC
Address: Damonmill Square, 9 Pond Lane, Concord, MA, 01742
Telephone: 978-371-9649

Abaris Financial Group, LLC is a large advisory firm based in Concord. It manages $145.52 million of regulatory assets for 543 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Florida, Massachusetts, and 5 other states.

Abaris Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Abaris Financial Group: assets under management

The assets under management (AUM) of Abaris Financial Group, LLC is $145.52 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 419% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $145.52 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $267.99 thousand each.

Abaris Financial Group has custody of $114.76 million in cash and securities for 75 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 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Abaris Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Abaris Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Abaris Financial Group is high net worth individuals with 47 clients and $88.47 million of assets under management. Among the 12 most similar advisory firms, Abaris Financial Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $141.33 million for 139 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.

Abaris Financial Group doesn't advise any private funds.

Careers at Abaris Financial Group, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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
Abbey Lee Henderson	Managing member / chief compliance officer	1 Sep 2001	75% - 100%	3190203
Abbey Henderson Lombardi	Managing member / chief compliance officer	1 Sep 2001	75% - 100%	3190203

Based in Concord

The principal office where Abaris Financial Group, LLC performs its advisory services is located at Damonmill Square, 9 Pond Lane, Concord, MA 01742, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 978-371-9649 or by fax 978-371-9758. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at abarisfinancial.com and its LinkedIn profile.