Provident Wealth Management Inc fees and pricing

Financial planner in Erie, Pennsylvania. Registered with state securities regulators.

According to its Form ADV Part 2A brochure dated March 25, 2024, Provident Wealth Management Inc charges $300⁠-⁠$500 an hour for financial planning.

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 25, 2024. Fees can change, so confirm with the firm before you hire them.

Hourly rate: $300⁠-⁠$500/hr; “Financial planning fees are based on an hourly rate that ranges from $300 to $500 per hour plus direct costs that are incurred.”

Payment and refund terms, quoted from the fee section of the brochure.

“If the inception date of an investment advisory contract occurs at a time other than the beginning of a calendar quarter, fees are prorated from the contract acceptance date to the end of the current calendar quarter.”
“The period for which the initial quarter's fees are prorated is the contract acceptance date through the last business day of the current calendar quarter.”
“Thereafter, the quarterly fee will continue to be payable in advance based on the Account's value on the last business day of the previous calendar quarter and will become due the following business day ("payment date").”

Its hourly rate of $300-$500 is above the Pennsylvania median of $250. 83% of the 267 other Pennsylvania planners that publish an hourly rate charge less.
2 of the 2 other planners in Erie that publish an hourly rate charge less.

Principal: Donald Smith
Solo practice: one person runs the firm, so you work directly with the planner.
Credentials named in the brochure: CFP®.
Registered as an adviser: 2012 (14 years).

How the firm is paid: Hourly fees, fixed or flat fees, percentage of assets under management
Charges a % of assets: Yes
Highest asset based fee in brochure: 1% a year
Clients: 64
Employees: 1
Works with: Individuals, high net worth individuals, and pension and profit sharing plans
Services reported to regulators: Financial planning, portfolio management for individuals and small businesses, portfolio management for businesses and institutions, pension consulting, selecting other advisers, and educational seminars and workshops
Assets managed: $25,744,055
Registered with: State securities regulators
Disciplinary disclosures: None reported
SEC CRD number: 107021
Website: providentwealth.com (opens in new tab)
Phone: (814) 455-7523

Is something on this page wrong or out of date? Email corrections@plannerfees.com and PlannerFees will check it against the firm's latest filing.