The Providence Group Investment Advisory Company, Inc. (Providence)


The Providence Group Investment Advisory Company, Inc. is a large advisory firm based in Providence. It manages $729.17 million of regulatory assets for 634 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Louisiana, and 4 other states.

The Providence Group Investment Advisory Company provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

The Providence Group Investment Advisory Company: assets under management

The assets under management (AUM) of The Providence Group Investment Advisory Company, Inc. is $729.17 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $729.17 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.15 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Providence Group Investment Advisory Company, 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.

Careers at The Providence Group Investment Advisory Company, Inc.

H James Field has been acting as President since 1 Jul 1999. Bruce Alan Dipietro joined the executive team most recently as the Senior Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
H James Field Chairman 1 Jul 1999 50% - 75% 2050965
Scott Laurans President 1 Jul 1999 50% - 75% 2152306
Harold James Field Chairman 1 Jul 1999 50% - 75% 2050965
Scott Biren Laurans President 1 Jul 1999 50% - 75% 2152306
Bruce Alan Dipietro Senior vice president 1 Aug 2000 Other 2493628

Based in Providence

The principal office where The Providence Group Investment Advisory Company, Inc. performs its advisory services is located at 200 Turks Head Place, Providence, RI 02903, which is also the mailing address of the firm. An additional office of the firm is in Vero Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 401-331-6250 or by fax 401-331-7014. The normal business hours are 8:00 am - 5:00 pm mon-thurs 8:00 am - 4:30 pm fri on Monday - Friday. You can find more information about the New York firm at www.theprovgroup.com.