Thrive Wealth Management, LLC is a large advisory firm based in Audubon. It manages $278.59 million of regulatory assets for 846 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Connecticut, Florida, New Jersey, and 3 other states.
Thrive Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Thrive Wealth Management, LLC is $278.59 million. The firm's AUM has grown by 75% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Thrive Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Thrive Wealth Management is high net worth individuals with 69 clients and $199.82 million of assets under management. Among the 12 most similar advisory firms, Thrive Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $272.82 million for 286 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Thrive Wealth Management doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Thrive Wealth Management, LLC performs its advisory services is located at 2650 Audubon Road, Audubon, PA 19403, which is also the mailing address of the firm. An additional office of the firm is in Yardley, PA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 215-376-5530 or by fax 215-376-5532. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at thrivewealth.com.