Provenio Capital Management Inc. is a large advisory firm based in Newport Beach. It manages $570.31 million of regulatory assets for 147 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of California.
Provenio Capital Management 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 less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Provenio Capital Management Inc. is $570.31 million. The firm's AUM has grown by 448% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Provenio Capital Management Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Provenio Capital Management is high net worth individuals with 66 clients and $514.41 million of assets under management. Among the 8 most similar advisory firms, Provenio Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $530.04 million for 71 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.
Provenio Capital Management doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Kevin Michael Murphy joined the executive team most recently as the Partner.
The principal office where Provenio Capital Management Inc. performs its advisory services is located at 4400 Macarthur Blvd., Newport Beach, CA 92660, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 949-301-9060 or by fax 949-482-2277. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at proveniocapital.com.