Optivise Advisory Services LLC
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Overview
Optivise Advisory Services LLC is an advisory firm headquartered in Franklin, Tennessee. It handles $234.5 million in assets under management over 1,978 accounts, placing it in the mid-tier of investment advisory firms in the nation by assets under management (AUM). The firm has a small team, including 20 financial advisors. Optivise Advisory Services LLC is not a registered broker-dealer, signifying that the firm 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 defined as exchangable fiscal investments like options, bonds and stocks.
Optivise Advisory Services LLC oversees all of the firm's client assets in a discretionary manner. Discretionary management means that buy and sell choices are made by an investment advisor without needing to seek the client's consent. The investment advisory firm administers roughly $118,557 in assets for every customer account. The typical advisor at Optivise Advisory Services LLC manages around 99 client accounts.
Optivise Advisory Services LLC's headquarters is located at 109 Holiday Ct, Franklin, Tennessee 37067. The firm is legally registered to provide services to investors across 16 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Optivise Advisory Services LLC by the Numbers
$234.5 million
20
1,978
$118.6 thousand
Products and Services
Optivise Advisory Services LLC provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers and educational seminars. In the last financial year, it provided financial planning services to 11-25 of its accounts. It does sell products or offer services different than investment advice to its customers. It is also affiliated with one or more other companies in the financial services industry, including with an accountant or accounting firm and insurance company or agency.
Core Advisor Services
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Offered by 31% of firms
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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Find a firm that offers this service
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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Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees largely vary depending on which services are offered. However, fee types charged by the company can include the following fee structures: asset-based, hourly or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Optivise Advisory Services LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 0% of firms
Subscription
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Offered by 10% of firms
Other
Unavailable
Types of Clients
It provides services to retail investors and high net worth investors. Out of its 1,978 accounts, Optivise Advisory Services LLC's biggest client type is retail investors, though it also caters to 315 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 15.93%
- Other Individuals - 84.07%
- Corporations - 0%
- 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
Optivise Advisory Services LLC does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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