General Information
Abound Wealth Management, LLC (“Abound”) was formed in 2016 and provides financial
planning, portfolio management and consulting services to our clients.
J. Brian Preston is the principal owner of Abound. Bo Hanson is also a shareholder. Please see
Brochure Supplement(s), Exhibit A, for more information on these owners and other individuals
who formulate investment advice and have direct contact with clients, or have discretionary
authority over client accounts.
As of December 31, 2022, Abound managed $787,153,136 of assets on a discretionary basis, and
no assets on a non-discretionary basis. Abound also provided pension consulting advice on $27,
564,765 of assets.
SERVICES PROVIDED
At the outset of each client relationship, we spend time with you, asking questions, discussing
your investment experience and financial circumstances, and reviewing options for you. Based
on our review, we generally develop with you:
• a financial outline for you based on your financial circumstances and goals, and your risk
tolerance level (the “Financial Profile” or “Profile”); and
• your investment objective and guideline (the “Investment Plan” or “Plan”).
The Financial Profile reflects your current financial picture and a look to your future goals. The
Investment Plan outlines the types of investments we will make or recommend on your behalf to
meet those goals. The Profile and the Plan are discussed regularly with you, but are not
necessarily written documents.
Where we provide general consulting services, we will work with you to prepare an appropriate
summary of the specific project(s) to the extent necessary or advisable under the
circumstances.
Financial Planning
We generally offer financial planning services in conjunction with Portfolio Management
services. Like all services we provide, financial planning is customized to meet your individual
needs. Services begin with a data gathering and interview process designed to help understand
your goals, objectives, time horizon and risk tolerance. Financial planning is typically not offered
as a stand-alone service or for a separate fee, but is provided as a part of the management of the
portfolio.
Portfolio Management
As described above, at the beginning of our relationship, we meet with you, gather information,
and perform research and analysis as necessary to develop your Investment Plan. The
Investment Plan will be updated from time to time when requested by you, or when determined
to be necessary or advisable by us based on updates to your financial or other circumstances.
To implement your Investment Plan, we will manage your investment portfolio on a discretionary
or a non-discretionary basis. As a discretionary investment adviser, we will have the authority to
supervise and direct the portfolio without prior consultation with you. Plan sponsors may
engage us to provide non-discretionary services to retirement plans. Under such a non-
discretionary arrangement, clients must be contacted prior to the execution of any trade in the
account(s) under management. This can result in a delay in executing recommended trades,
which could adversely affect the performance of the portfolio. In a non-discretionary
arrangement, you retain the responsibility for the final decision on all actions taken with respect
to your portfolio.
Notwithstanding the foregoing, clients may impose certain written restrictions on Abound in the
management of their investment portfolios, such as prohibiting the inclusion of certain types of
investments in an investment portfolio or prohibiting the sale of certain investments held in the
account at the commencement of the relationship. Each client should note, however, that
restrictions imposed by a client may adversely affect the composition and performance of the
client’s investment portfolio. Each client should also note that his or her investment portfolio is
treated individually by giving consideration to each purchase or sale for the client’s account.
For these and other reasons, performance of client investment portfolios within the same
investment objectives, goals and/or risk tolerance may differ and clients should not expect that
the composition or performance of their investment portfolios would necessarily be consistent
with similar clients of Abound.
General Consulting
In addition to the foregoing services, we may provide general consulting services to you. These
services are generally provided on a project basis, and usually include, without limitation,
minimal cash flow planning for certain events such as education expenses or retirement, estate
planning analysis, income tax planning analysis and review of your insurance portfolio, as well as
other matters specific to you as and when requested by you and agreed to by Abound. The
scope and fees for consulting services will be negotiated with you at the time of engagement for
the applicable project.
Investment Consulting to 401(k)/Defined Contribution Plans
We also provide investment advice to defined contribution retirement plans including but not
limited to 401(k) and profit sharing plans. We assist the plan sponsor with developing model
portfolios, evaluating and monitoring investment options, assisting the plan sponsor with
developing the Investment Policy Statement, and other miscellaneous services as agreed upon
by the plan sponsor and Abound. We serve as the investment consultant and do not provide
discretionary management services to defined contribution retirement plans or individual
participant accounts. Plan Fiduciaries retain responsibility for the final determination of
investment options and for compliance with ERISA section 404(c).
The Employee Retirement Income Security Act of 1974 (“ERISA”) sets forth rules under which
Plan Fiduciaries may retain investment advisers for various types of services with respect to
Plan assets. For certain services, we will be considered a fiduciary under ERISA. For example, we
will act as an ERISA § 3(21) fiduciary when providing non-discretionary investment advice to the
Plan Fiduciaries by recommending a suite of investments as choices among which Plan
Participants may select. We may also provide non-fiduciary services such as assistance with
participant education and enrollment.
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement
Income Security Act of 1974 (“ERISA”) and/or the Internal Revenue Code, as applicable, which
are laws governing retirement accounts. The way we make money creates some conflicts with
your interests, so we operate under a special rule that requires us to act in your best interest and
not put our interests ahead of yours. Additional disclosure may be found elsewhere in this
Brochure or in the written agreement between you and Abound.