After years of devoted management, Mary Beth Storjohann might be stepping down from her position as Co-CEO of Abacus Wealth Companions. We’re deeply grateful for her contributions in shaping the agency’s strategic imaginative and prescient, fostering a tradition of inclusivity, and championing options which have strengthened each our group and the shopper expertise. Mary Beth’s affect might be felt for years to return, and we have a good time all she has achieved throughout her time with Abacus.
With this transition, Neela Hummel will proceed ahead as sole CEO, main Abacus into the longer term. Neela’s journey with Abacus started in 2009 as an intern. Through the years, she has held numerous roles, together with monetary advisor, accomplice, and Chief Advisory Officer, culminating in her appointment as Co-CEO in 2022. A CERTIFIED FINANCIAL PLANNER® skilled and acknowledged chief, Neela has constantly championed values-driven management, fostered innovation, and constructed a people-centered tradition that permits each purchasers and group members to thrive.
In her numerous roles, Neela has been instrumental in:
- Elevating the Shopper Expertise: Championing firm-wide efforts to deepen planning rigor, improve shopper advantages, and undertake built-in expertise—ensuring that purchasers obtain a contemporary and personalised expertise.
- Selling Gender Fairness: Launching the Abacus Sisterhood initiative and creating an industry-leading paid parental depart coverage, leading to over 50% of Abacus companions being ladies, and over 50% of advisors being ladies—surpassing the {industry} norm that averages simply over 20% in response to the CFP Board.
- Thought Management: Contributing to conferences like Barron’s Advisor Impartial Summit and Dimensional Fund Advisor’s Ladies and Wealth Summit, and being acknowledged on the Los Angeles Enterprise Journal’s 2024 record of Ladies of Affect: Finance.
Underneath Neela’s management, Abacus has:
- Modernized and personalised the shopper expertise, introducing instruments and planning approaches that meet purchasers the place they’re and help their evolving monetary lives.
- Constructed a dynamic management group that fosters collaboration, innovation, and client-first service.
- Continued to domesticate an inner tradition rooted in shopper hospitality, group progress, and coronary heart.
The remainder of the Abacus management group stays unchanged, guaranteeing continuity in our agency’s mission, operations, and dedication to the purchasers we serve. We’re assured that with Neela on the helm and our gifted management group in place, Abacus is well-positioned to proceed making a significant distinction within the monetary lives of our purchasers and communities.
A Message from Mary Beth Storjohann
“After six deeply significant years at Abacus Wealth Companions, the time has come for me to step away from my position as Co-CEO.
This determination was not made frivolously. Main alongside Neela Hummel has been one of many biggest honors of my profession. Collectively, we navigated moments of transformation, championed daring concepts, and formed a tradition grounded in objective, affect, and humanity. I’m extremely pleased with the work we’ve performed and of the group we’ve constructed—one which leads with each coronary heart and experience.
To our purchasers, companions, and your complete Abacus group—thanks. Thanks for the belief, the conversations, and the shared perception that monetary planning generally is a device for empowerment and lasting change. I’m leaving with immense gratitude and full confidence within the management and path of this agency.
Whereas my subsequent chapter will take form exterior of Abacus, I stay a proud shareholder and steadfast believer within the essential work occurring right here. I’ll proceed to cheer the group on as they broaden what’s doable in monetary planning.”
The Journey Forward
Please be a part of us in expressing our heartfelt gratitude to Mary Beth for her contributions, and in supporting Neela and the Abacus management group as they information the agency into an thrilling and purposeful new chapter.
