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Provisions Wealth Planners 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.

Provisions Wealth Planners, a financial advisor firm located in Appleton, Wisconsin, is one of several advisory practices in the Advisors' Pride network. In addition to Provisions Wealth Planners, Advisors' Pride also conducts business as McKenzie Advisors, Strategence Capital, Infinity Wealth Alliance and Union Retirement Alliance. 

For four years running, from 2017 to 2020, Provisions Wealth Planners has made the Financial Times "300 List" for top registered investment advisors (RIAs). 

Provisions Wealth Planners Background

Advisors' Pride became an SEC-registered RIA firm in 2014. Two years later, Hoffman Financial Services and Curtis Wealth Management merged to become Provisions Wealth Planners. In 2018, Provisions merged with Rightsone Financial and then absorbed Stubbe Financial Services in 2020. 

Paul Hoffman is the corporate strategist and chief executive officer of both Provisions Wealth Planners and Advisors' Pride. Hoffman owns 82.50% of Advisors' Pride, while Provisions' president Eric Hall owns the remaining 17.5% of the firm. 

Provisions Wealth Planners has four accredited investment fiduciaries (AIFs) on staff, as well as two certified financial planners (CFPs) and two chartered retirement plans specialists (CRPSs).

Provisions Wealth Planners Client Types and Minimum Account Sizes

Provisions Wealth Planners and the other firms in the Advisors' Pride network serve a variety of clients. They include: 

  • Individuals
  • High-net-worth individuals
  • Pension and profit-sharing plans
  • Trusts, estates and charitable organizations
  • Corporations and other business entities 

The firm doesn’t impose an account minimum for investment advisory services. However, third-party money managers may impose account minimum. Additionally, clients who chose to invest in a wrap fee program offered through LPL may also be subject to account minimums. 

Services Offered by Provisions Wealth Planners

Provisions Wealth Planners offers asset management advice for separate investment accounts. The firm also sponsors an investment management program, Strategic Wealth Management Program, through an arrangement with LPL Financial Corporation. 

Additionally, Provisions Wealth Planners can offer financial planning services that may touch on a variety of topics, including:

  • Legacy planning
  • Estate planning
  • Retirement planning
  • Charitable giving legacy
  • Business succession

Provisions Wealth Planners Investment Philosophy

Investment approaches may varies based on a client's goals and objectives. Provisions Wealth Planners may invest client assets in mutual funds, fixed and variable annuities, stocks and bonds, unit investment trusts (UITs), individual retirement accounts (IRAs) and exchange-traded funds (ETFs). 

As for investment selection and research, advisors at Provisions Wealth Planners may rely on the following forms of analysis:

  • Charting - tries to predict price movements by analyzing charts depicting past trends 
  • Cyclical analysis - involves studying stocks with performance that's closely linked to the overall economy
  • Fundamental analysis - establishes the intrinsic value of a security by examining related economic factors such as its historical performance and where the issuing company stands in the overall market 
  • Technical analysis - involves evaluating securities by closely analyzing market activity statistics 

Fees Under Provisions Wealth Planners

Management fees charged for asset management services vary and may be negotiable. Generally, these asset-based fees tend to stretch from an annual 0.20% to 3.00%. 

Keep in mind that advisory fees don’t cover third-party expenses your account may incur such as brokerage and custodial costs as well as fees associated with any investment funds in your portfolio. 

 

What to Watch Out For

Within the past 10 years, Provisions Wealth Planners and Advisors' Pride have not been the subject of any legal or disciplinary events deemed material to a client or potential client’s evaluation of their business practices. 

Advisors at Provisions Wealth Planners may also be licensed insurance agents and/or registered representatives of a broker-dealer. This means they may earn commissions from vendors, on top of client fees, which can present potential conflicts of interest. Additionally, these multiple roles carry different standards of conduct, which can be confusing. So when receiving a recommendation, clients should be sure they know its basis and whether and how the advisor and firm may benefit from it. However, know that Provisions Wealth Planners has a fiduciary duty to always act in the client's best interests. 

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

More Information About Financial Advisors

  • Provisions Wealth Planners generally focuses on investment management advice, so if you’re interested in financial planning services as well, use our advisor matching tool to find someone who can better meet your needs. After you answer a handful of questions, we'll recommend up to three advisors in your area.
  • Not sure if your finances call for a professional's help? Check out our coverage of the 7 situations when you need a financial advisor the most. 

How Long $1 Million 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.

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

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.