Providence Wealth Management (PWM) offers investment management through a co-advisor relationship with Gradient Investments, LLC (GI). PWM helps clients select appropriate investment models based on their goals and risk tolerance. PWM also offers financial planning services, including full financial plans, consultation services, and ongoing financial planning for clients in the accumulation phase of their financial lives. PWM does not participate in wrap fee programs.
Fee Structure
Providence Wealth Management uses Gradient Investments, LLC (GI) as a co-advisor for investment management. GI manages the portfolios, and PWM assists clients in selecting the appropriate investment model. The fees are based on the amount of assets managed and are assessed quarterly. The fees are negotiable.
Here's a breakdown of the maximum annual advisory fees for different portfolio types:
Strategic & Tactical Portfolios:
- Under $250,000: 1.67%
- $250,000 - $500,000: 1.42%
- $500,001 - $2,000,000: 1.17%
- $2,000,001 - $3,000,000: 1.07%
- Over $3,000,000: 0.95%
Private Wealth Series, Allocation & Defined Outcome Portfolios:
- Under $250,000: 1.50%
- $250,000 - $500,000: 1.25%
- $500,001 - $2,000,000: 1.00%
- $2,000,001 - $3,000,000: 0.90%
- Over $3,000,000: 0.80%
Preservation Portfolios:
- All Values: 0.80%
The minimum quarterly fee billed will be $25.