# EDGAR Filing Document

**Accession Number:** 0001623791
**File Stem:** 0001623791-23-000001
**Filing Date:** 2023-3
**Character Count:** 17384
**Document Hash:** 0df98070ecfee31ec8745b9e500734d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001623791-23-000001.hdr.sgml**: 20230406

**ACCESSION NUMBER**: 0001623791-23-000001

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230406

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Abdo Financial Solutions, LLC
- **CENTRAL INDEX KEY:** 0001623791
- **IRS NUMBER:** 264268214
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-01193
- **FILM NUMBER:** 23804789

**BUSINESS ADDRESS:**
- **STREET 1:** 5201 EDEN AVE, #250
- **CITY:** EDINA
- **STATE:** MN
- **ZIP:** 55436
- **BUSINESS PHONE:** 952-715-3070

**MAIL ADDRESS:**
- **STREET 1:** 5201 EDEN AVE, #250
- **CITY:** EDINA
- **STATE:** MN
- **ZIP:** 55436

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AEM Financial Solutions,LLC
- **DATE OF NAME CHANGE:** 20141030

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0001623791

**Filer CCC:** XXXXXXXX

**Contact Name:** Abdo Financial Solutions, LLC

**Contact Phone:** 952-715-3070

**Contact Email:** jean.mcgann@abdofs.com

**Notification Emails:** brenda.crosby@abdofs.com, victoria.holthaus@abdofs.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** Abdo Financial Solutions, LLC

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** No

**C. IRS Employer Identification Number:** 26-4268214

**D. Registrations:**

- **Municipal Advisor:** SEC File No: 867-01193

**E. Principal Office and Place of Business:** 5201 EDEN AVE, #250, EDINA, MN, 55436

**Telephone Number:** 952-715-3070

**Additional Offices of Employment:**

- **Office #1 (Add):** 100 Warren Street, Ste 600, Mankato, MN, 56001 | Phone: 507-625-2727

**Mailing Address is Different from Principal Office:** No

**F. Website:** https://abdosolutions.com/accounting-services/consulting-and-advisory-services/abdo-financial-solutions/

**G. Chief Compliance Officer (CCO):**

**Name:** Jean Diane McGann

**Titles:** President

**Address:** 5201 Eden Ave, #250, Edina, MN, 55436

**Phone Number:** 952-715-3059

**Email:** jean.mcgann@abdofs.com

**H. Business Affiliates:**

- **Name:** Abdo, LLP

  - **Issuing Agency:** Federal

  - **Jurisdiction:** MN

**I. Location of Books and Records:** No

### Item 2: Form of Organization

**A. Applicant's form of organization:** Limited Liability Company (LLC)

**B. Month of Applicant's Annual Fiscal Year End:** December

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** MN

**D. Date of Organization:** 02-27-2009

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 19

**B. Municipal Advisory Activities - Employees:** 3

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 0

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 0

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 45

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
Not Applicable
, Not Applicable

**I. Compensation Arrangements (Municipal Advisory):** 
Hourly Charges
Fixed Fees
, Hourly Charges, Fixed Fees

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** No

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS, Advice Investment Of Proceeds MS, Advice ME Investments, Advice ME Other Investments, Advice Use Of MD, Advice On Selection

### Item 5: Other Business Activities

**Is applicant engaged in any other non-municipal advisor business?** No

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Accountant or accounting firm, Accountant or accounting firm, Accountant or accounting firm, Accountant or accounting firm

**Total Associated Persons:** 3

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** No

- **Enter into derivatives transactions with clients for the firm's own account?:** No

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** No

- **Recommend to clients products/services of an affiliated person?:** No

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** No

- **Have discretionary authority to buy/sell municipal securities for clients?:** No

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** No

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** No

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** No

- **Recommend broker-dealers to clients?:** Yes

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** No

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** No

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** No

- **SEC/CFTC Found Violation?:** No

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** No

- **SEC/CFTC Imposed Civil Penalty?:** No

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** No

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** No

- **SRO Denied/Suspended/Revoked Registration?:** No

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** No

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** No

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** No

- **Found to Have Violated Regulations?:** No

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** No

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** Yes

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** Yes

### Schedule A: Direct Owners and Executive Officers

| Name                        | Title/Status                            | Date Acquired   | Ownership Code            | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Abdo, LLP                   | Member                                  | 10-24-2001      | E - 75% or more           | No                |  |  |
| Steven Robert McDonald      | Managing Partner                        | 06-01-1998      | B - 10% but less than 25% | Yes               |  | 000000000    |
| Thomas John Olinger         | Partner                                 | 01-01-2007      | A - 5% but less than 10%  | Yes               |  | 000000000    |
| Andrew Kenneth Sanford Berg | Partner                                 | 01-01-2007      | B - 10% but less than 25% | Yes               |  | 000000000    |
| Judd Theodore Nordquist     | Partner                                 | 11-01-2010      | B - 10% but less than 25% | Yes               |  | 000000000    |
| Douglas Mark McDonald       | Partner                                 | 11-01-2010      | A - 5% but less than 10%  | Yes               |  | 000000000    |
| Brad Joseph Falteysek       | Partner                                 | 01-01-2017      | NA - less than 5%         | Yes               |  | 000000000    |
| Christine Perkins Powers    | Partner                                 | 01-01-2016      | A - 5% but less than 10%  | Yes               |  | 000000000    |
| Scott Richard Mason         | Partner                                 | 12-01-2014      | A - 5% but less than 10%  | Yes               |  | 000000000    |
| Jean Diane McGann           | President                               | 01-01-2016      | NA - less than 5%         | Yes               |  | 000000000    |
| John Naiff Abdo             | Partner                                 | 06-01-1995      | B - 10% but less than 25% | Yes               |  | 000000000    |
| Kevin Francis Kalal         | Partner                                 | 01-01-2009      | NA - less than 5%         | Yes               |  | 000000000    |
| Matthew John Ringwelski     | Partner-Equity                          | 01-01-2020      | NA - less than 5%         | Yes               |  | 000000000    |
| Jerome Salvatora Dunphy     | Partner-Equity                          | 01-01-2021      | NA - less than 5%         | Yes               |  | 000000000    |
| Jana Lee Cinnamon           | Chief Operations Officer-Partner-Equity | 01-01-2022      | NA - less than 5%         | No                |  | 000000000    |
| Leah Rae Davis              | Partner-Equity                          | 01-01-2022      | NA - less than 5%         | Yes               |  | 000000000    |

### Schedule B: Indirect Owners

| Owning Entity                | Name                   | Title/Status       | Date Acquired   | Ownership Code                                          | Control Person?   | IRS Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Abdo Financial Solutions LLC | Abdo, LLP              | Member             | 10-24-2001      | E - 75% or more                                         | No                |  |
| Abdo, LLP                    | Scott William Danger   | Partner-Non Equity | 01-01-2008      | F - Other (general partner, trustee, or elected member) | No                |  |
| Abdo, LLP                    | Steven Dale Anseth     | Partner-Non Equity | 11-01-2013      | F - Other (general partner, trustee, or elected member) | No                |  |
| Abdo, LLP                    | Victoria Mary Holthaus | Partner-Non Equity | 01-01-2020      | F - Other (general partner, trustee, or elected member) | No                |  |
| Abdo, LLP                    | Wendy Sara Keenan      | Partner-Non Equity | 01-01-2021      | F - Other (general partner, trustee, or elected member) | No                |  |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity                | Name                        | Title/Status                            | Date Acquired   | Ownership Code                                          | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | Abdo, LLP                   | Member                                  | 10-24-2001      | E - 75% or more                                         | No                |  |  |
|  | Indirect    | Abdo Financial Solutions LLC | Abdo, LLP                   | Member                                  | 10-24-2001      | E - 75% or more                                         | No                |  |  |
|  | Direct      |  | Steven Robert McDonald      | Managing Partner                        | 06-01-1998      | B - 10% but less than 25%                               | Yes               |  | 000000000    |
|  | Direct      |  | Thomas John Olinger         | Partner                                 | 01-01-2007      | A - 5% but less than 10%                                | Yes               |  | 000000000    |
|  | Direct      |  | Andrew Kenneth Sanford Berg | Partner                                 | 01-01-2007      | B - 10% but less than 25%                               | Yes               |  | 000000000    |
|  | Direct      |  | Judd Theodore Nordquist     | Partner                                 | 11-01-2010      | B - 10% but less than 25%                               | Yes               |  | 000000000    |
|  | Direct      |  | Douglas Mark McDonald       | Partner                                 | 11-01-2010      | A - 5% but less than 10%                                | Yes               |  | 000000000    |
|  | Direct      |  | Brad Joseph Falteysek       | Partner                                 | 01-01-2017      | NA - less than 5%                                       | Yes               |  | 000000000    |
|  | Direct      |  | Christine Perkins Powers    | Partner                                 | 01-01-2016      | A - 5% but less than 10%                                | Yes               |  | 000000000    |
|  | Direct      |  | Scott Richard Mason         | Partner                                 | 12-01-2014      | A - 5% but less than 10%                                | Yes               |  | 000000000    |
|  | Direct      |  | Jean Diane McGann           | President                               | 01-01-2016      | NA - less than 5%                                       | Yes               |  | 000000000    |
|  | Direct      |  | John Naiff Abdo             | Partner                                 | 06-01-1995      | B - 10% but less than 25%                               | Yes               |  | 000000000    |
|  | Direct      |  | Kevin Francis Kalal         | Partner                                 | 01-01-2009      | NA - less than 5%                                       | Yes               |  | 000000000    |
|  | Direct      |  | Matthew John Ringwelski     | Partner-Equity                          | 01-01-2020      | NA - less than 5%                                       | Yes               |  | 000000000    |
|  | Direct      |  | Jerome Salvatora Dunphy     | Partner-Equity                          | 01-01-2021      | NA - less than 5%                                       | Yes               |  | 000000000    |
|  | Direct      |  | Jana Lee Cinnamon           | Chief Operations Officer-Partner-Equity | 01-01-2022      | NA - less than 5%                                       | No                |  | 000000000    |
|  | Direct      |  | Leah Rae Davis              | Partner-Equity                          | 01-01-2022      | NA - less than 5%                                       | Yes               |  | 000000000    |
|  | Indirect    | Abdo, LLP                    | Scott William Danger        | Partner-Non Equity                      | 01-01-2008      | F - Other (general partner, trustee, or elected member) | No                |  | 000000000    |
|  | Indirect    | Abdo, LLP                    | Steven Dale Anseth          | Partner-Non Equity                      | 11-01-2013      | F - Other (general partner, trustee, or elected member) | No                |  | 000000000    |
|  | Indirect    | Abdo, LLP                    | Victoria Mary Holthaus      | Partner-Non Equity                      | 01-01-2020      | F - Other (general partner, trustee, or elected member) | No                |  | 000000000    |
|  | Indirect    | Abdo, LLP                    | Wendy Sara Keenan           | Partner-Non Equity                      | 01-01-2021      | F - Other (general partner, trustee, or elected member) | No                |  | 000000000    |
| NewAdd | Indirect    | Abdo, LLP                    | Phillip Reino Wuollet       | Partner-Non Equity                      | 07-11-2022      | F - Other (general partner, trustee, or elected member) | No                |  | 000000000    |

### Execution Page

**Signature:** Steven R. McDonald

**Signer Name:** Steven R. McDonald

**Title:** Chief Executive Officer

**Date:** 03-31-2023