Providence Capital manages investment portfolios and offers comprehensive financial planning for individuals, high-net-worth clients, and charitable organizations. Providence Capital creates personalized investment policy statements and constructs portfolios using mutual funds, exchange-traded funds, fixed income securities, equities, and insurance products. The firm's ongoing portfolio management services cover asset allocation, strategy, and regular monitoring. In addition to investment management, Providence Capital provides financial planning that addresses retirement, tax concerns, insurance, college savings, and debt management. Clients can engage Providence Capital for ongoing planning or project-based financial plans. The firm operates with a fiduciary duty to act in clients' best interests and primarily utilizes Charles Schwab and Altruist Financial as custodians for client accounts.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 1.50% |
| $100K - $250K | 1.25% |
| $250K - $1.0M | 1.00% |
| $1.0M - $5.0M | 0.80% |
| $5M+ | 0.60% |
Portfolio management fees are generally negotiable and may include financial planning services.