Providence Financial and Insurance Services, Inc. offers investment management, comprehensive financial and estate planning, and insurance services. Providence creates diversified investment portfolios using a buy-and-hold strategy, investing in stocks, bonds, exchange-traded funds, mutual funds, and alternative assets. The firm also provides ongoing supervision of accounts and can manage held-away assets, such as retirement plan accounts, through third-party software. Additionally, the firm offers referrals to an external money manager. Providence tailors its services to individual client needs and allows clients to place restrictions on their accounts. The firm serves individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and corporations.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.50% |
| $250K - $1.0M | 1.50% |
| $1M+ | 1.25% |
Accounts between $0 and $250,000 are subject to a $2,500 flat fee. Fees are negotiable based on financial circumstances, assets under management, and complexity.