Abacus Wealth Partners, LLC

National Financial Planning Firm

Santa Monica, California

United States

www.abacuswealth.com/

About Abacus Wealth Partners

Abacus Wealth Partners is a national financial management firm that is committed to bringing self and global awareness as well as sustainability to investment management. They seek to achieve high investment returns, which in turn provide capital to fund philanthropic projects, as well as investments in sustainable companies without sacrificing return.

Abacus uses comprehensive financial analysis and time-tested financial strategies to create individually- tailored plans helping clients maximize their financial wealth and achieve their most important personal goals. Because they are fee-only™ and independent of any major financial services company, advice from Abacus is completely objective and their choices of planning strategies and financial instruments are unlimited.

We wish to change the way spending, investing and giving are viewed in the financial and larger community, and to promote the standards which being a B Corporation represents. We want to make it easy for our customers to support this incredible movement and continue the drive to create positive social impact in our communities.

The Change We Seek™

Abacus seeks to change the world, one portfolio at a time.

• All of their investment portfolios align personal financial goals with socially responsible investments. They believe that investing in companies making a positive impact in their community increases their success and produces a high rate of return for their clients.

• They donate a minimum of 5% of their profits to charity. In addition to their socially responsible investments, they actively support their local organizations committed to making a difference in the community around them.

• Their profit-sharing compensation structures ensure that all members of the firm are financially committed to their clients' and the firms' success and are being good stewards of their own financial resources. They are focused on annual profitability to ensure the firm's longevity.

What makes us a better company?

B Impact Report

Certified since: 

October 2007
Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

7
7
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

38
18
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

43
N/A
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

28
17
Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

18
6
Overall B Score
133
55

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Environment: >51% office supplies come from recycled materials, >50% facilities near public transit, >50% carbon inventory offset

Employees: 100% employees reimbursed for Continuing Education, All employees paid a living wage, >6% of net profits included in profit sharing plan, >50% individual/family health insurance premiums covered

Community: >50% ownership in same community as 2/3 workforce, >50% employees are women, >75% employees take time off for community service, >5% net profits given to charitable organizations

Miscellany: 

Meet Abacus

• How We Help Go»

• Our Core Values Go»

• Brent Kessel Go»

• Spencer Sherman Go»

Resources

• Education Go»

It's Not About the Money by Brent Kessel Go»

The Cure for Money Madness by Spencer Sherman Go»

Other Locations

• Sebastopol, CA

• Philadelphia, PA

• New York, NY