One Providence Capital, LLC

One Providence Capital primarily serves individual investors and also works with churches, non-profits, corporations, and other business entities, managing roughly $23 million in client assets. As with many supported firms, it charges percentage-of-assets-under-management fees and provides ongoing discretionary portfolio management for individuals.

The firm emphasizes a long-term, strategic, risk-based asset-allocation approach and documents client objectives with investment policy statements and risk-tolerance profiles to construct diversified portfolios using stocks, bonds, ETFs, closed-end funds, and mutual funds. It provides quarterly monitoring and rebalancing and discloses that it does not engage in active trading, options, digital assets, interval funds, or the use of margin.

Noteworthy for its size category, the firm has formal affiliations with both banking and insurance businesses: the firm’s principal serves on the board of a regional bank and on the trustees of a mutual fund trust, and is also involved in an affiliated insurance agency that offers fixed insurance products for which supervised persons may receive commissions. The brochure outlines conflict-management measures—such as prohibitions on recommending the affiliated bank’s stock or the affiliated trust’s funds for client accounts, pre-approval and monitoring of insurance sales, and other written policies—and indicates the client base is principally non-high-net-worth individuals rather than affluent clients.