No commissions, no ads, no advice. Each figure below about Abound Wealth Management comes from the firm's own public filings, with a link beside it to the source document.

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The short answer: is Abound Wealth Management a fiduciary?

Yes. Abound Wealth Management is a fee-only registered investment adviser, so it owes clients a fiduciary duty across the whole advisory relationship. In plain terms, it must put your interests ahead of its own. The firm is an SEC-registered investment adviser (CRD #285903) with its main office in Franklin, TN.

Its latest Form ADV (filed September 14, 2026) reports $1.9 billion in regulatory assets under management across 936 clients. Commissions are not among the pay types it reports. The core Wealth Management service is priced as a share of the assets Abound runs for you, according to its Form CRS dated April 30, 2026. Get started with Truthifi

Abound has no broker-dealer inside it or beside it: its Form ADV reports neither a broker-dealer registration nor a related broker-dealer, so the adviser standard is the one that governs its advice.

What "fiduciary" means: a fiduciary carries a legal duty to put a client's interests ahead of its own. For Abound, that duty attaches to its role as an investment adviser.

Abound Wealth Management at a glance

✅ Abound's filings, rechecked October 5, 2026. Abound Wealth Management (SEC CRD #285903) acts as a fee-only fiduciary for the full advisory relationship and reports $1.9 billion in regulatory assets under management. Each row links to the filing it came from.

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Abound Wealth Management fees: what you'll pay

According to that same Form CRS (2026), Abound Wealth Management fees for Wealth Management clients are a percentage of the assets it manages, charged quarterly in advance. Standalone planning instead costs a fixed fee, while consulting is usually priced by the hour. The CRS does not state a maximum asset-based rate. The $750,000 minimum applies to Wealth Management only; households below it are pointed to standalone planning instead.

• Account minimum: $750,000 for Wealth Management. Below that, standalone planning is available.

• Planning and hourly work: LevelUp carries a fixed annual fee, paid in the app. Consulting is normally hourly, agreed at the start.

• Other costs you may pay: Brokerage transaction fees, custodial fees and fund expenses sit on top of Abound's advisory fee.

Abound Wealth Management is fee-only: Item 5.E of its Form ADV lists two kinds of client-paid fee, a percentage of assets and fixed fees, and no commissions. That takes product commissions out of the picture. It says nothing about whether the total is high or low. What you pay Abound is the advisory fee, plus the fund and custody costs listed above.

Our view: the open question with Abound is cost, not legitimacy. Before signing, we'd recommend asking for the full asset-based fee schedule in Form ADV Part 2A, since the CRS does not state a maximum rate.

Who owns Abound Wealth Management, and what conflicts does it disclose?

Abound Wealth Management ownership is privately held and founder-owned. According to its Form CRS (2026), Brian Preston is the principal owner, with Bo Hanson holding a minority stake. Preston also owns the company behind The Money Guy Show, a tie the Form CRS lists among the firm's conflicts.

The April 30, 2026 Form CRS sets out these conflicts of interest.

• Fees tied to assets under management give Abound a reason to encourage you to add money to your account: more assets mean higher fees.

• Abound takes part in adviser programs at Schwab and Fidelity and receives benefits from them, an incentive to keep client accounts at those two firms.

• Preston solely owns 88 Times Over, LLC, which publishes The Money Guy Show podcasts and website. He and Bo Hanson invite listeners to become Abound clients, and both benefit from new clients through their ownership of Abound.

• Standalone Financial Planning through LevelUp is generally provided by a third-party planner, and the fee is shared with that planner when one is involved.

How its financial professionals are paid: advisers draw a salary and can earn bonuses tied to new clients or to overall firm profit. Owners may also take distributions. None of its financial professionals earn commissions.

Abound Wealth Management SEC record: complaints and disclosures

Anyone researching Abound Wealth Management complaints should begin with the firm's filings. Abound's Form ADV gives a No to each firm-level disciplinary-history question, and the Form CRS also answers No when asked whether the firm or its financial professionals have legal or disciplinary history.

Firm-level answers don't replace a check on the person you'd actually work with. Look up that adviser by name on IAPD and BrokerCheck, where any individual record appears.

Abound has been registered with the SEC since November 23, 2016. It makes notice filings in 38 jurisdictions and reports 41 employees, 26 of them in investment advisory roles. That public CRD, confirmed on the SEC's IAPD site, answers the narrow form of "is Abound Wealth Management legit?" because it shows a real, regulated adviser. Fit, total cost and service quality are questions registration leaves open.

What Abound Wealth Management reviews won't tell you

Online ratings capture how clients felt about the service, but they seldom touch the items Abound must put in writing for its Form ADV and Form CRS filings. Before leaning on Abound Wealth Management reviews or complaints, set them against what those filings show.

Abound's owners invite Money Guy Show listeners to become clients, so some public praise or criticism may reflect how people feel about the podcast rather than the advisory fee or the portfolio work. Underneath that noise, the filings say Abound is paid only by its clients. The podcast tie and the Schwab and Fidelity program benefits are both disclosed as conflicts, and its Form ADV shows no firm-level disciplinary history.

How to verify Abound Wealth Management yourself

Three public sources let you verify this:

1. SEC adviser record (IAPD): open Abound's IAPD record and confirm that CRD #285903 shows as registered.

2. Form CRS: read Abound's Form CRS for fees, conflicts and disciplinary history.

3. Confirm the entity: Make sure the record is Abound Wealth Management (CRD #285903), Franklin, TN, before you rely on it.

What Abound Wealth Management does and who it serves

Abound's Form CRS dated April 30, 2026 describes three services. Wealth Management, the core offering for households with $750,000 or more, pairs ongoing portfolio management with financial planning. LevelUp is an app-based standalone planning service for households below that minimum, often delivered by a third-party planner, and consulting is handled project by project. High-net-worth individuals make up 640 of its clients and $1.75 billion of assets.

On its Form ADV, the firm also lists pension consulting, selection of other advisers, educational seminars, and portfolio management for individuals and small businesses. To rank firms by size, Truthifi sorted every SEC-registered adviser in the SEC's 5 October 2026 adviser data (sec.gov/adviserinfo) that reported regulatory assets, largest first. On that snapshot, Truthifi's estimate puts Abound at roughly 3,687th of 16,552 by regulatory assets, or about the top 22% of advisers; the exact rank can shift with each data pull. By Truthifi's own calculation from that same dataset, the median firm reports roughly $449 million, so Abound's $1.9 billion sits well above it.

Abound reports giving financial planning to about 1,000 clients in its last fiscal year (Item 5.H). The form tallies that group separately from the client totals in the breakdown below.

Item 5.D of its Form ADV sorts about 936 clients by type (distinct from the 5,040 client accounts they hold; one client often holds several):

The three rows add to about $1.949 billion, which rounds to the $1.9 billion headline used on this page.

What the rows imply. The 274 individuals average roughly $705,000 each, a little under the $750,000 Wealth Management minimum, and the filings don't explain that gap. The roughly 1,000 planning clients in Item 5.H also outnumber the 936 clients here, which suggests planning reaches beyond the managed-portfolio book. If your assets sit near the threshold, ask Abound how it applies the minimum to you.

All 5,040 client accounts are discretionary (Item 5.F). Once you sign the agreement, the CRS explains, Abound may buy and sell in your account without asking you first. It monitors client investments continuously and reviews each portfolio's allocation at least quarterly.

Abound reports that it or a related person has custody of some client assets (Form ADV Item 9). For a client, the practical check is simple: the statements your custodian sends you directly are the independent record to compare against Abound's own reports.

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Beyond the filings: the accounts Abound doesn't manage

Those quarterly allocation reviews stop at the edge of the book Abound runs. Advisers generally see only the accounts they manage, and Abound's filings describe reviews of managed portfolios rather than outside holdings. A retirement plan left at an old job, a spouse's portfolio and the costs inside each fund usually sit outside that view, unreconciled. Keeping that outside view current is the part Truthifi is designed to handle: link those accounts once, and they stay in one picture as jobs, custodians and advisors change, rather than in a spreadsheet you rebuild every few years.

How Truthifi can help

You connect your bank and brokerage accounts to Truthifi on a read-only basis. From there you can see what you own, how it's allocated, how it's performing and where the risk sits. For your Abound holdings and the rest, it covers single-stock exposure, returns set against a benchmark, a fee breakdown of the fees on each account by type, and your Truthifi Score. You pick which accounts to share with your advisor at Abound. By Truthifi's own internal platform count, which is not independently audited, users have connected more than $6B+ in monitored assets.

If you'd rather use your own AI, such as Claude or another one, current consumer plans, including free ones, let you connect it (limits are on the pricing page). Truthifi Connect is for people who want only their own assistant. To ask that assistant about your fees, you'll need Connect Max, Monitoring or Monitoring Plus+.

Ask AI about your Abound Wealth Management accounts

Once your accounts are linked read-only, you can put questions to your AI in everyday language:

• "What do I own across my Abound Wealth Management accounts and everything else, and how is it allocated?"

• "Across all of these accounts, what am I paying in fees in total?"

Try it with Truthifi: begin free at app.truthifi.com and run a Free Checkup (limits apply).

Truthifi takes no commissions, runs no ads and gives no advice of its own. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.

Start free (limits apply). Free Checkup is free. The free tier currently allows up to 10 connections. Current plans and limits are listed on the pricing page at truthifi.com, so check there before you choose.

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FAQ

Is Abound Wealth Management a fiduciary?

Yes, Abound Wealth Management is a fiduciary for the whole advisory relationship. It is an SEC-registered investment adviser (CRD #285903) paid only by client fees, and its Form ADV shows no broker-dealer registration and no related broker-dealer. The adviser's fiduciary duty, putting your interests ahead of its own, is therefore the standard behind its advice.

What does Abound Wealth Management charge?

A percentage of the assets it manages, billed quarterly in advance, is what Wealth Management clients pay, with a $750,000 minimum portfolio required. Clients under that threshold can buy standalone planning for a fixed fee that renews annually, and consulting is usually hourly, according to its Form CRS (April 30, 2026). The full schedule is in Form ADV Part 2A.

Who owns Abound Wealth Management?

Brian Preston is the principal owner and Bo Hanson a minority owner of Abound Wealth Management, LLC, a privately held firm, according to its Form CRS. Preston also solely owns 88 Times Over, LLC, publisher of The Money Guy Show, and both owners invite its listeners to become Abound clients.

Does Abound Wealth Management have complaints or disclosures?

No firm-level disciplinary history shows up in Abound's record. Its Form ADV answers No to the firm-level disciplinary-history questions, and its Form CRS answers No to "Do you or your financial professionals have legal or disciplinary history?" Individual advisers can still have records of their own, so search your adviser on IAPD and BrokerCheck. Get started with Truthifi · See how Truthifi keeps your accounts secure

Is Abound Wealth Management legit?

A real, SEC-registered adviser (CRD #285903), Abound has filings that are public on the SEC's IAPD site. Registration confirms it is regulated. It can't tell you whether Abound suits you or what you'll pay in total, so read the fee and conflict sections of its Form ADV and Form CRS.

Can AI help me see what I pay across my Abound accounts?

Yes, but asking your AI about fees takes a paid plan, while basic account viewing is free. Start free (limits apply): the Free Checkup costs nothing and lets you link up to 10 connections. You can also connect an AI assistant you already use, such as Claude, and on Connect Max, Monitoring or Monitoring Plus+ ask it about the fees on each account. Truthifi itself gives no investment, tax or legal advice. Get started with Truthifi · See how Truthifi keeps your accounts secure

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About this fact pack

Truthifi built this Abound Wealth Management fact pack from the firm's own SEC filings (Form ADV and Form CRS). Every page is reviewed by the Truthifi Team before publishing. The series checks U.S. investment advisers against their own public filings, one firm at a time.

Read next from the Truthifi blog

• Fee-only financial advisor: costs and how to find one

• What is a fiduciary?

• Are you paying too much? Why that might be the wrong question

• How to ask AI about your real investment accounts

• Robo-advisor vs. human financial advisor: which is better?

More advisor fact packs on Truthifi

• Is Creative Planning a fiduciary? Fees, ownership & SEC record

• Is Edelman Financial Engines a fiduciary? Fees, ownership & SEC record

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• Is EP Wealth Advisors a fiduciary? Fees, ownership & SEC record

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A note on sources. Everything here about Abound Wealth Management comes from public documents, chiefly its SEC filings and its Form CRS, linked where each fact appears (SEC data current as of October 5, 2026). Treat it as general information, not financial or legal advice. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Truthifi is not affiliated with Abound Wealth Management. Filings get amended, so check the linked originals before you act. If something here needs correcting, email support@truthifi.com.

At your first meeting, ask Abound which outside accounts, if any, its quarterly reviews will look at, and how it would like to see the ones it won't.