Centennial Wealth Advisory, LLC
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Overview
Centennial Wealth Advisory, LLC operates as an advisory company located in Traverse City, Michigan. The firm administers $230.4 million in assets throughout 2,337 accounts, making it a mid-tier financial advisory firm in the United States by assets under management (AUM). The company has a small team, including 5 financial advisors. Centennial Wealth Advisory, LLC is not a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like bonds, equities and options.
Centennial Wealth Advisory, LLC oversees all of the firm's client assets in a discretionary manner. Discretionary management signifies that an investment advisor makes transaction decisions for the client's account without needing to seek client consent. The firm administers an average of $98,605 in assets for each client account. The typical advisor at Centennial Wealth Advisory, LLC manages around 467 client accounts.
The firm's main office is at 701 Third Street, Traverse City, Michigan 49684. Centennial Wealth Advisory, LLC is permitted to provide services to customers across 4 states, including Florida, Illinois, Michigan and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Centennial Wealth Advisory, LLC by the Numbers
$230.4 million
10
2,337
$98.6 thousand
Products and Services
Services that Centennial Wealth Advisory, LLC offers can include portfolio management for individuals and small businesses and selection of other advisers. Centennial Wealth Advisory, LLC is engaged in selling products or offering services apart from investment advisory services to its clients. Centennial Wealth Advisory, LLC is affiliated with a number of other service providers in the financial services industry, including with an insurance company or agency.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advice typically vary depending on which service is provided. However, fees billed by Centennial Wealth Advisory, LLC likely include the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Centennial Wealth Advisory, LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm provides services to retail investors, high net worth investors and corporations. Out of its 2,337 customers, Centennial Wealth Advisory, LLC's largest client is retail investors, although it also serves 64 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 7.56%
- Other Individuals - 92.09%
- Corporations - 0.35%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Centennial Wealth Advisory, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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