Providus Advisors, LLC (Chandler)

Name: Providus Advisors, LLC
Address: 1490 S. Price Road, Chandler, AZ, 85286
Telephone: (480) 704-3024

Providus Advisors, LLC is a large advisory firm based in Chandler. It manages $112.63 million of regulatory assets for 321 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona and Texas.

Providus Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Providus Advisors: assets under management

The assets under management (AUM) of Providus Advisors, LLC is $112.63 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $112.63 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $350.88 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Providus Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Providus Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Providus Advisors is high net worth individuals with 62 clients and $72.28 million of assets under management. Among the 9 most similar advisory firms, Providus Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $112.63 million for 107 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.

Providus Advisors doesn't advise any private funds.

Careers at Providus Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Damien Mcginley	Managing member/chief compliance officer	1 Aug 2005	50% - 75%	2849266
James Daniel Dwyer	Managing member	1 Jun 2013	25% - 50%	4204088

Based in Chandler

The principal office where Providus Advisors, LLC performs its advisory services is located at 1490 S. Price Road, Chandler, AZ 85286, 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 (480) 704-3024. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at providusadvisors.com.