Wealth manager, independent · Charlotte, NC
Providence Capital Advisors, LLC
SEC-registered investment adviser · CRD 174631 · SEC 801-107683
At a glance
Providence Capital Advisors, LLC is an SEC-registered investment adviser based in Charlotte, North Carolina, with $1.1B in regulatory assets under management as of its Form ADV filed March 10, 2026. It reports 424 individual clients, 254 of them high-net-worth, holding an average of about $2.5 million each, and 14 employees. That ranks it 1028th among the nation’s 5,657 independent wealth management RIAs and 24th of 160 in North Carolina. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 704-215-4420providencecapitaladvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.1B
- Rank among independent wealth managers
- #1,028 of 5,657
- Rank among all SEC RIAs
- #5,161 of 17,210
- Rank in North Carolina
- #24 of 160
- Individual clients
- 424
- High-net-worth clients
- 254
- Accounts
- 2,745
- Discretionary
- 99% of AUM
- Employees
- 14
- Advisory staff
- 7
- Offices
- 1
Owners and executives on its Form ADV
- Thomas M. SearsonManaging Member, Chief Investment and Chief Compliance Officer
- Brian S. JonesManaging Member and Director of Financial Planning
- Stephen P. RatcliffeManaging Member and Director of Financial Planning
- Melissa S. WallMember
- Brian P AldersonMember
Custody and brokerage
Broker-dealer
No broker-dealer ties
Providence Capital Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 254 | $999M | 93% |
| Individuals | 170 | $59M | 5% |
| Charitable organizations | 5 | $8M | <1% |
| Pension and profit sharing plans | – | $7M | <1% |
Disciplinary disclosures
Providence Capital Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
Form ADV and brochures on the SEC’s adviser search ↗providencecapitaladvisors.com ↗
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The full record on Providence Capital Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 9 years of filings
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- Growth over one, three and five years
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- Rank against 3,370 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in North Carolina
All of North Carolina →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Founders Financial Alliance, LLCRaleigh | $1.2B | 2,354 |
| Verity Asset ManagementDurham | $1.2B | 5,803 |
| Laurel Wealth Advisors, LLCCharlotte | $1.1B | 520 |
| Cardinal Capital Management IncRaleigh | $1.0B | 287 |
| Capital Investment Counsel IncRaleigh | $1.0B | 1,221 |
| Verum Partners LLCCharlotte | $1.0B | 361 |
Background
Questions
How much does Providence Capital Advisors, LLC manage?
Providence Capital Advisors, LLC reports $1.1B in regulatory assets under management across 2,745 accounts, 99% of it on a discretionary basis, on its Form ADV filed March 10, 2026.
How many clients does Providence Capital Advisors, LLC have?
It reports 424 individual clients: 254 high-net-worth individuals and 170 other individuals. Individuals account for about 99% of its regulatory assets.
Where is Providence Capital Advisors, LLC headquartered?
Its main office is in Charlotte, North Carolina. It reports 1 office in total and 14 employees, 7 of whom perform investment advisory functions.
How does Providence Capital Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Providence Capital Advisors, LLC use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 10, 2026, it reports these amounts held: Fidelity ($1.1B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Providence Capital Advisors, LLC a hybrid RIA with a broker-dealer?
Providence Capital Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Providence Capital Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Providence Capital Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Providence Capital Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-10), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →