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Endurance Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Endurance Wealth Management says its firm name comes from Alfred Lansing’s book, “Endurance: Shackleton’s Incredible Voyage.” The firm believes its approach reflects the principles of teamwork, commitment and leadership that were demonstrated in the book. 

Endurance Wealth Management is a registered investment advisor (RIA) overseeing more than a billion in client assets. The firm offers customized portfolio management solutions. It made both our lists of the top financial advisor firms in Providence, Rhode Island and the top finanical advisors in Rhode Island

Endurance Wealth Management Background

Endurance Wealth Management can trace its roots back to 1997, when it formed as the Providence branch of an investment firm. In 2009, the firm became independent. 

J. Michael Costello, its owner, has been active in the investment management industry for more than 30 years. He leads a team that includes a chartered financial analyst (CFA) and one certified financial planner (CFP). 

Endurance Wealth Management Client Types and Minimum Account Sizes

The firm provides investment advice to high-net-worth individuals and families, entrepreneurs, pension and profit-sharing plans, trusts, estates, charitable organizations and businesses. 

To establish a relationship with Endurance Wealth Management, you generally need a minimum account size of $1 million. The firm may occasionally accept accounts with less than $1 million in total asset value.

Services Offered by Endurance Wealth Management

Endurance Wealth Management helps clients meet investment objectives by designing what it calls, "Client Investment Profiles." These profiles outline strategies for income, liquidity and tax management needs. The firm may alter these strategies in response to changes in a client’s financial profile or long-term goals. 

In addition to portfolio management, Endurance can provide financial planning in certain circumstances and also publishes periodicals/newsletters. 

Endurance Wealth Management Investment Philosophy

The firm’s investment committee makes decisions based on a client’s risk tolerance, long-term goals and other factors. Depending on this data, the firm may build portfolios with such securities as: 

Endurance Wealth Management's research team analyzes the global economic, financial and political landscape to identify favorable securities and make investment recommendations.

Fees Under Endurance Wealth Management

Endurance Wealth Management charges annual management fees that are based on percentages of your account balance. The firm’s current tiered fee schedule is as follows: 

Asset-based Fee Account Size
1.25% First $1MM 
1.00% On the next $2MM 
0.80% On the next $2MM
Negotiable More than $5MM

Fees for accounts with $5 million or more are negotiable. So are fees for financial planning services and assets managed on a non-discretionary basis.

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Endurance Wealth Management*
Your Assets Endurance Wealth Management Fee Amount
$500K N/A
$1MM $12,500
$5MM $48,500
$10MM Negotiable

What to Watch Out For

Endurance Wealth Management has not been the subject of any disciplinary, criminal or civil legal action within the past 10 years. For the latest information, check out the firm’s Form ADV on the official website of the Securities Exchange Commission (SEC).

While Endurance Wealth Management provides financial planning services under certain circumstances, most of its advisory team’s time is spent managing investments. You may want to look elsewhere if you’re looking for advice on specific topics like retirement planning or estate planning.

Opening an Account With Endurance Wealth Management

If you'd like to set up an account with Endurance Wealth Management, you can visit the firm's Providence office or you can contact a financial advisor at (401) 854-0993.

Tips for Finding the Right Financial Advisor

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • To get an even better sense of fees and services available in your state, check out our roundup of the top financial advisors in Rhode Island

All information was accurate as of the writing of this article.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research