Providence Capital Partners Inc. (Greenwood Village)

Name: Providence Capital Partners Inc.
Address: 5299 Dtc Blvd, Suite 1350, Greenwood Village, CO, 80115
Telephone: (303) 261-8015

Providence Capital Partners Inc. is a large advisory firm based in Greenwood Village. It manages $134.39 million of regulatory assets for 893 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, New Mexico, and Texas.

Providence Capital Partners provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Providence Capital Partners: assets under management

The assets under management (AUM) of Providence Capital Partners Inc. is $134.39 million. The firm's AUM has grown by 34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $133.93 million in discretionary accounts and $461.45 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $150.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $461.45 thousand.

Providence Capital Partners has custody of $2.51 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in government bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Providence Capital Partners Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Providence Capital Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Providence Capital Partners is high net worth individuals with 67 clients and $94.01 million of assets under management. Among the 10 most similar advisory firms, Providence Capital Partners has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $133.59 million for 368 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.

Providence Capital Partners doesn't advise any private funds.

Careers at Providence Capital Partners Inc.

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 6 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
Bryson Blair Braden	Principal and chief compliance officer	1 Aug 2016	25% - 50%	5721333
Zachary Tobias Bouck	Chief investment officer, principal	1 Aug 2016	25% - 50%	5523748
Richard Paul Goblirsch	Managing partner	1 Jan 2018	Other	1402758

Based in Greenwood Village

The principal office where Providence Capital Partners Inc. performs its advisory services is located at 5299 Dtc Blvd, Suite 1350, Greenwood Village, CO 80115, 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 (303) 261-8015 or by fax (720) 285-1923. The normal business hours are 7:30am - 4:00pm mst on Monday - Friday. You can find more information about the New York firm at facebook.com/denverwealthmanagement/.