Providence Equity Partners L.L.C
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Learn more about Providence Equity Partners L.L.C
Overview
Providence Equity Partners L.L.C is a financial advisor firm based in Providence, Rhode Island. It has $21.9 billion in assets across 37 customer accounts, placing it among the largest investment advisory firms in the United States by assets under management (AUM). Providence Equity Partners L.L.C has a large group, including 66 financial advisors. Providence Equity Partners L.L.C is not a registered broker-dealer, meaning it cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable financial investments such as stocks, bonds and options.
Providence Equity Partners L.L.C oversees all of its accounts on a discretionary basis. Discretionary management signifies that buy and sell decisions for the client's account are made by a portfolio manager without requiring client consent. Providence Equity Partners L.L.C's average account size is $592.9 million. An average advisor at Providence Equity Partners L.L.C manages fewer than one client account, making it one of the most personalized financial advisor firms in the country.
Providence Equity Partners L.L.C's main office is located at 50 Kennedy Plaza, 18Th Floor, Providence, Rhode Island 2903. The firm is registered to provide services to investors throughout a few states, including Georgia, Massachusetts and Rhode Island.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Providence Equity Partners L.L.C by the Numbers
$21.9 billion
165
37
$592.9 million
Fee Structure
Fees charged by financial advisors typically are based on which services the firm provides the client. However, fees billed by Providence Equity Partners L.L.C likely include any combination of the following fee structures: asset-based or performance-based. Providence Equity Partners L.L.C does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to pooled investment vehicles. Out of its 37 accounts, Providence Equity Partners L.L.C's biggest client group is pooled investment vehicles. About 49% of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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
Providence Equity Partners L.L.C does not have any disclosures.
Please visit its Form ADV for more details.
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