Abbit Management Corp

Abbit Management Corp., established in 1980, offers fee-based portfolio management services for individuals, corporate entities, and financial institutions. The firm specializes in asset management for pre-paid funeral programs through its Master Trust Management service and provides retirement planning services for employers and employees. President Joseph E. Risselade, the firm's sole owner, ensures compliance with federal and state securities regulations. Abbit acts as a fiduciary, prioritizing clients' best interests in investment recommendations. The firm manages $232,652,456 in discretionary assets across 446 accounts as of June 30, 2024. Investment strategies focus on long-term growth and conservative approaches, tailored to individual client needs. Abbit's Master Trust Management service safeguards and grows funds from pre-need funeral contracts, offering investment options ranging from fixed income to equity-based mutual funds. The firm charges a negotiated percentage of assets under management, typically not exceeding 1.5% annually, with fees calculated quarterly. Abbit does not charge performance-based fees and maintains a client-focused approach in brokerage practices, seeking best execution for client transactions. The firm does not vote proxies on behalf of clients and does not have custody of client funds or securities. Clients are encouraged to review account statements regularly and may terminate agreements at any time. Abbit's personnel are registered as investment adviser representatives and have no financial hardship disclosures. The firm prioritizes client privacy and has a Business Continuity Plan in place for emergency situations.