Abridge Partners, LLC (Diamond Bar)

Name: Abridge Partners, LLC
Address: 21700 E. Copley Drive, Suite 120, Diamond Bar, CA, 91765
Telephone: 909-860-9992

Abridge Partners, LLC is a large advisory firm based in Diamond Bar. It manages $179.02 million of regulatory assets for 271 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Delaware, and 5 other states.

Abridge Partners provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Abridge Partners: assets under management

The assets under management (AUM) of Abridge Partners, LLC is $179.02 million. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.53 million in discretionary accounts and $59.49 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $548.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.12 million.

Abridge Partners has custody of $39.06 million in cash and securities for 42 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 69% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Abridge Partners, LLC 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 Abridge Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Abridge Partners is high net worth individuals with 22 clients and $140.12 million of assets under management. Among the 7 most similar advisory firms, Abridge Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $179.02 million for 87 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.

Abridge Partners doesn't advise any private funds.

Careers at Abridge Partners, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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
Birgen Living Trust U/T/D 11/15/90	Member	1 Sep 2007	50% - 75%	xxx-xx-xxxx
Robert Michael Birgen	Principal	1 Sep 2007	Other	1659476
Inc. First Financial Service	Member	1 Sep 2007	25% - 50%	51-0354756
Estate Strategies. Inc.	Member	1 Sep 2007	25% - 50%	20-1826480
James David Howard	Principal	1 Sep 2007	Other	1777319
Llc Gene Yates & Associates	Equity owner	1 Oct 2007	50% - 75%	26-1261036
Ltd. Phil A. Younker & Associates	Equity owner	1 Oct 2007	50% - 75%	92-0121555
Jr. Gene A. Yates	Elected managing member	1 Oct 2007	Other	1036736
Jr. Phil Arthur Younker	Elected member and chief compliance officer	1 Oct 2007	Other	1435351
Inc. Gene Yates & Associates	Equity owner	1 Oct 2007	25% - 50%	26-1261036
Gene A. Yates	Chief compliance officer	1 Oct 2007	Other	1036736
Phil Arthur Younker	Elected member	1 Oct 2007	Other	1435351
Jane Fishman Prescott	Chief compliance officer	1 May 2010	Other	2323820
Michael Anthony Sanchez	Chief compliance officer	1 Jan 2012	Other	1447606
Michael Anthony Flanagan	Principal	1 Sep 2012	Other	2206189
Llc Business Prosperity	Member	1 Dec 2012	50% - 75%	27-0046958
Inc Wealth Guardian	Member	1 Dec 2012	50% - 75%	27-0046958
Gery Joseph Sadzewicz	Chief compliance officer	1 Sep 2013	Other	1090963

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Norma J. Flanagan	Shareholder	1 Jun 1968	50% - 75%	4071869
Robert Michael Birgen	Co-trustee	1 Nov 1990	50% - 75%	1659476
Marty Johnson Birgen	Co-trustee	1 Nov 1990	50% - 75%	5655294
Jr. Phil Arthur Younker	Elected member and equity owner	1 Dec 1997	75% - 100%	1435351
Phil Arthur Younker	Equity owner	1 Dec 1997	75% - 100%	1435351
Michael Anthony Flanagan	Shareholder	1 Jun 1998	25% - 50%	804010
James David Howard	Shareholder	1 Dec 2005	50% - 75%	1777319
Joanne Kay Howard	Shareholder	1 Dec 2005	50% - 75%	5455242
Jr. Gene A. Yates	Elected managing member, chief compliance officer and equity owner	1 Mar 2006	75% - 100%	1036736
Gene A. Yates	Equity owner	1 Mar 2006	75% - 100%	1036736
Michael Anthony Flanagan	Managing member	1 Dec 2012	75% - 100%	2206189

Based in Diamond Bar

The principal office where Abridge Partners, LLC performs its advisory services is located at 21700 E. Copley Drive, Suite 120, Diamond Bar, CA 91765, which is also the mailing address of the firm. An additional office of the firm is in Middletown, DE. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 909-860-9992 or by fax 909-860-6613. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at abridgepartners.com.