Abens Financial Services provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
Abens Financial Services reports 98 clients. They include 52 individual clients, 41 high-net-worth individuals and 5 charitable organizations. Of its assets, 100.0% ($120M across 98 accounts) are managed with discretion. Of its clients, 1% are outside the U.S. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 53% | 21% |
| High-net-worth individuals | 42% | 76% |
| Charitable organizations | 5% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 52 | $25.2M | 21.0% | $484K |
| High-net-worth individuals | 41 | $90.9M | 75.6% | $2.22M |
| Charitable organizations | 5 | $4.07M | 3.4% | $814K |
| Total | 98 | $120M | 100% | $1.23M |
- Clients
- 52
- Regulatory AUM
- $25.2M
- AUM share
- 21.0%
- Avg. per client
- $484K
- Clients
- 41
- Regulatory AUM
- $90.9M
- AUM share
- 75.6%
- Avg. per client
- $2.22M
- Clients
- 5
- Regulatory AUM
- $4.07M
- AUM share
- 3.4%
- Avg. per client
- $814K
Total
- Clients
- 98
- Regulatory AUM
- $120M
- AUM share
- 100%
- Avg. per client
- $1.23M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Abens Financial Services charges 0.50%–1.50% a year for its Asset management. Each asset band is charged at its own rate. The fee is billed in advance.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.50% |
| $1M–$3M | 1.20% |
| $3M–$5M | 0.80% |
| $5M and above | 0.50% |
Fee details and sources
Arnold Abens owns 50% to 75% of Abens Financial Services. The leadership team of Abens Financial Services includes President Arnold Abens. It has 3 employees.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- Owns 50% to 75% of Abens Financial Services Inc
Arnold Abens
Control person · since June 1986
- Owns 50% to 75% of Abens Financial Services Inc
Jennifer Abens
Control person · since June 1986
Besides its headquarters, Abens Financial Services has 0 offices, with 1 listed address in 1 state.
Minnesota · 1 listed address
- 4926 Lincoln Drive, EdinaHQ
Contact and registration details
- Legal name
- Abens Financial Services Inc
- Headquarters
- 4926 Lincoln Drive, Edina, MN 55436
- Website
- abens.com
- Phone
- 952-933-9650
- SEC file
- 801-135938
- Structure
- Minnesota corporation
- Fiscal year end
- December
Abens Financial Services’ named custodian for separately managed accounts is Charles Schwab ($107M). Abens Financial Services has custody of $55.8M for 124 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $107M100%
At year end, Abens Financial Services’ separately managed accounts were mostly in stocks (92%).
What the accounts hold
- Stocks92%
- Exchange-traded equities86%
- Non-exchange-traded equities6%
- Cash1%
- Other7%
- Private equity/private notes7%
How many clients does Abens Financial Services have?
Abens Financial Services has 98 clients and manages $120 million for them, as of March 2026. They include 52 individual clients, 41 high-net-worth individuals and 5 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026
What services does Abens Financial Services offer?
Abens Financial Services provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Abens Financial Services charge?
Abens Financial Services charges 0.50%–1.50% a year for its Asset management. Each asset band is charged at its own rate. The fee is billed in advance.
Source: ABENS FINANCIAL SERVICES FIRM BROCHURE, filed 23 March 2026
Which custodians does Abens Financial Services use?
Abens Financial Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $107M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026
How many financial advisors does Abens Financial Services have?
Abens Financial Services has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Abens Financial Services invest in?
At the end of its last fiscal year, Abens Financial Services’ separately managed accounts held 86% exchange-traded equities, 7% other, 6% non-exchange-traded equities and 1% cash and equivalents. The 7% other category is described as: Private Equity/Private Notes.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Abens Financial Services?
Abens Financial Services’ direct owners are Arnold Abens (50% to 75%) and Jennifer Abens (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026
How does Abens Financial Services get paid?
Abens Financial Services is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Abens Financial Services?
Abens Financial Services’ main office is at 4926 Lincoln Drive, Edina, MN 55436. Its phone number is 952-933-9650. Its website is abens.com.