Provenance Wealth Advisors
Assets Under Management
$3.5B
Number of Clients
3,226
Number of Advisors
21
Average Client AUM
$1.1M
AUM per Advisor
$167.8M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Provenance Wealth Advisors (PWA) offers a Unified Managed Accounts Wrap Program. Clients pay a single asset-based fee covering investment advisory services, trade execution through Charles Schwab, and custody of assets at Schwab. The program is available to individuals, trusts, charities, and retirement plans.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.85% |
| $5.0M - $10.0M | 0.70% |
| $10.0M - $35.0M | 0.55% |
| $35.0M - $50.0M | 0.45% |
| $50M+ | 0.40% |
Fee Estimator
This firm offers a wrap fee program where a single fee covers investment advice, trade execution, and custody at Charles Schwab. The annual fee is based on the value of your relationship with the firm. For example, the fee is 1.50% on assets up to $500,000. The minimum relationship size is $500,000, but this may be waived at the firm's discretion. The wrap fee does not include internal expenses of mutual funds or ETFs, wire transfer fees, margin interest, or brokerage commissions on fixed income trades executed away from Schwab.
Areas of Practice
Location
200 East Las Olas Boulevard, 19th Floor, Fort Lauderdale, FL, 33301