Provise Management Group, LLC (Clearwater)

Provise Management Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Provise Management Group: assets under management

The assets under management (AUM) of Provise Management Group, LLC is $1.33 billion. The firm's AUM has grown by 214% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.33 billion in discretionary accounts and $7.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $400.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $411.25 thousand.

Provise Management Group has custody of $62.66 million in cash and securities for 58 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is investment and business development companies, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Provise Management Group, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Vincent Raymond Ferrara serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Vincent Raymond Ferrara is high net worth individuals with 200 clients and $631.79 million of assets under management. Among the 10 most similar advisory firms, Provise Management Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.33 billion for 1,193 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Provise Management Group doesn't advise any private funds.

Careers at Provise Management Group, LLC

The company employs 19 people that are either part- or full-time employees. 74 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There are 9 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Vincent Raymond Ferrara has been acting as President since 1 Feb 2002. L.P. Kingfisher Holding joined the executive team most recently as the Owner.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 28 indirect owners.

Based in Clearwater

The principal office where Provise Management Group, LLC performs its advisory services is located at 611 Druid Rd E. Ste 105, Clearwater, FL 33756, which is also the mailing address of the firm. An additional office of the firm is in Tampa, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number [727] 441-9022 or by fax [727] 449-1625. The normal business hours are 8:00am-5:00pm eastern on Monday - Friday. You can find more information about the New York firm at provise.com.

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