Abridge Partners, LLC (Diamond Bar)


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. 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 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.