Provident Wealth Management, LLC
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Overview
Provident Wealth Management, LLC is an advisory company headquartered in Brentwood, Tennessee. The company administers $506.3 million in assets over 1,218 customer accounts, placing it among the larger firms in the country by assets under management (AUM). The firm has a small team, including 6 financial advisors. Provident Wealth Management, LLC is not a registered broker-dealer, meaning it is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable financial investments such as options, bonds and stocks.
Provident Wealth Management, LLC manages all of its accounts on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make buy and sell choices for the client's account without needing to seek client consent. The advisory firm manages roughly $415,717 for every account. An average financial advisor at Provident Wealth Management, LLC administers about 203 client accounts.
Provident Wealth Management, LLC's headquarters is located at 101 Winners Circle, Brentwood, Tennessee 37027-5038. Provident Wealth Management, LLC is permitted to provide services to clients across 17 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Provident Wealth Management, LLC by the Numbers
$506.3 million
9
1,218
$415.7 thousand
Fee Structure
Financial management fees usually are based on which services are provided. Fees billed by the firm most likely consist of some combination of 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 the company.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
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 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 company caters to retail investors, high net worth investors and charitable organizations. Out of its 1,218 clients, Provident Wealth Management, LLC's largest client is retail investors, but it also manages money for 147 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are non-U.S. persons.
- High-Net-Worth Individuals* - 45.23%
- Other Individuals - 53.54%
- Corporations - 0%
- Charitable Organizations - 1.23%
* 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
Provident Wealth Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Provident Wealth Management, LLC
Brentwood, TN
Brentwood, TN
Brentwood, TN
Brentwood, TN
Brentwood, TN
Brentwood, TN
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