Abacus Planning Group Inc (Columbia)

Name: Abacus Planning Group Inc
Address: 2500 Devine Street, Columbia, SC, 29205 2400
Telephone: 803-933-0054

Abacus Planning Group Inc is a large advisory firm based in Columbia. It manages $1.06 billion of regulatory assets for 2,491 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, North Carolina, and 3 other states.

Abacus Planning Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Abacus Planning Group: assets under management

The assets under management (AUM) of Abacus Planning Group Inc is $1.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 288% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $424.03 thousand each.

Abacus Planning Group has custody of $385.94 million in cash and securities for 192 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 66% 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 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Abacus Planning Group Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cheryl Renee Holland serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Cheryl Renee Holland is high net worth individuals with 193 clients and $983.04 million of assets under management. Among the 13 most similar advisory firms, Abacus Planning Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.06 billion for 259 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.

Abacus Planning Group also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $50,000.

Careers at Abacus Planning Group Inc

The company employs 19 people that are either part- or full-time employees. 79 percent of the employees work as investment advisers or researchers. 15 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.

Cheryl Renee Holland has been acting as President since 1 Mar 1998. Charles Warren Hammer joined the executive team most recently as the Chief Compliance Officer Coo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cheryl Renee Holland	President	1 Mar 1998	75% - 100%	1250450
Cheryl Rene Holland	President	1 Mar 1998	75% - 100%	1250450
Stephen Barton Valley	Chief compliance officer	1 Jan 2004	Other	3175953
Stephen Barton Valley	Shareholder	1 Jan 2006	Other	3175953
Charles Warren Hammer	Chief operations officer	1 Mar 2009	Other	5653238
Charles Warren Hammer	Chief compliance officer - coo	1 Jun 2010	Other	5653238

Based in Columbia

The principal office where Abacus Planning Group Inc performs its advisory services is located at 2500 Devine Street, Columbia, SC 29205 2400 The mailing address of the firm is P.O. Box 5478, Columbia, SC 29250 5478. An additional office of the firm is in Greenville, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 803-933-0054 or by fax 803-753-9476. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at abacusplanninggroup.com.