Providence Capital Advisors, LLC

Providence Capital Advisors, LLC is a Registered Investment Adviser founded in 2015, offering investment management and financial planning services. The firm's Principals are Tom Searson, Brian Jones, and Stephen Ratcliffe. They cater to individuals, high net worth individuals, corporations, and small businesses, with a minimum account opening balance of $1,500,000 for financial planning and investment management services, and $500,000 for investment management only. Providence Capital Advisors provides discretionary and non-discretionary investment management services, focusing on individual securities tailored to each client's needs. The firm offers various portfolios, including Core Equity, Diversified Income, Covered Call, Fixed Income, and Exchange Traded Fund portfolios. They do not participate in wrap fee programs. The firm's investment strategies include long-term purchases, short-term purchases, trading, margin transactions, and option writing. Providence Capital Advisors manages approximately $916 million in assets, with fees based on a tiered percentage of assets under management. The firm does not charge performance-based fees and acts as a fiduciary, prioritizing clients' interests. Clients have the option to impose reasonable restrictions on their accounts, and the firm provides comprehensive financial planning services as part of its investment management offerings. The firm's investment analysis methods include fundamental, technical, and cyclical analysis, with a focus on risk management and client-specific goals. Clients receive quarterly reviews and statements, and the firm votes proxies on behalf of clients unless instructed otherwise. Providence Capital Advisors maintains high ethical standards, with no disciplinary information to disclose and no financial constraints that would impact client services.