Prentice Wealth Management LLC

Wealth Management Firm in Lakeville, NY

Firm Info
Address: 110 Linden Oaks Suite F, Rochester, NY 14625, USA
Phone: (585) 218-0001

Firm Size
Assets Under Management: $358.8 million
# of Advisors: 5
# of Clients: 1,286
Client to Advisor Ratio: 257:1
Average Account Size: $278,968
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Selection of Others Advisors
  • Publication of Periodicals or Newsletters

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans
  • Charitable Organizations
  • Other Investment Advisors
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)

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Prentice Wealth Management LLC Overview

Prentice Wealth Management LLC is an investment advisory firm offering fee-only services to its clients. The firm is based in Rochester, NY, and has been in the business since 2012. Prentice Wealth Management LLC is solely engaged in providing investment advice to its clients and does not engage in any other financial services. The firm provides a range of services that includes financial planning, portfolio management for individuals and small businesses, as well as the selection of other advisors. The advisors at Prentice Wealth Management LLC take a personalized approach towards investment management and focus on creating customized investment solutions that cater to the unique needs of each client. In addition to its primary services, Prentice Wealth Management LLC also publishes periodicals and newsletters that provide useful information about various investment topics. These publications help clients stay informed of the latest trends in the financial industry and make informed investment decisions. The firm's commitment to providing top-notch investment advice and guidance has earned it a reputation for being one of the best registered investment advisory firms in the region.

PRENTICE WEALTH MANAGEMENT LLC caters to a diverse set of clients, ranging from individuals seeking personal financial advice to high net worth individuals requiring wealth management services. Additionally, the firm serves pension or profit sharing plans, charitable organizations, other investment advisors, and various types of corporations. The company focuses on providing personalized services that meet the unique financial needs of each client, regardless of their industry or background. PRENTICE WEALTH MANAGEMENT LLC offers flexible fee structures to ensure that each client can access the services they need without breaking the bank. The fee structures vary depending on the type of service provided, and clients can choose from a percentage of assets under management (AUM), hourly billing, or fixed fees. For clients who require ongoing investment management, the AUM technique may be the most appropriate, as it reflects the amount of money that the firm is responsible for actively investing. For clients seeking non-investment services, such as financial planning or tax preparation, hourly billing may be the best method for charging fees. Fixed fees are another popular option and allow clients to pay a set rate for a specific service or project. Overall, clients of PRENTICE WEALTH MANAGEMENT LLC can expect a transparent fee structure that is customized to their unique financial needs and goals.

Typical Clients, Fee Structures & Investment Minimum

Unfortunately, the Part 2 Brochure for Prentice Wealth Management LLC does not mention anything about their investment minimum. Therefore, it is unclear what the minimum required investment is for this firm. Investors interested in working with Prentice Wealth Management LLC should contact their office directly to inquire about any investment minimums that may be in place.

How This Office Can Help Lakeville, NY Residents

Prentice Wealth Management LLC provides personalized financial planning services to individuals and families in Lakeville, NY. As a financial advisory firm, they offer customized solutions for each client's unique financial situations. Their team of experienced advisors provides guidance and support on a wide range of financial matters, from retirement planning to tax planning and more. For clients in Lakeville, NY, Prentice Wealth Management LLC can help with specific financial situations such as planning for retirement, saving for college, managing debt, or creating a comprehensive estate plan. For those who are nearing retirement, they can work with them to develop a plan that helps them achieve their retirement goals and provides a comfortable retirement lifestyle. Additionally, for those who want to prepare for unexpected risks, Prentice Wealth Management LLC can help develop a financial plan that includes emergency funds, insurance policies, and other strategies to ensure they are financially prepared for any situation that arises.

To view the Minimum Investment and Fee Schedule for Prentice Wealth Management LLC, visit their Part 2 Brochure.

Services Offered by Prentice Wealth Management LLC

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Prentice Wealth Management LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 110 Linden Oaks Suite F, Rochester, NY 14625, USA
Phone (585) 218-0001
Directions
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Other Office Locations

This firm has no other locations.

State Registrations

Prentice Wealth Management LLC is registered to service clients in the following states:

  • Florida
  • Maryland
  • Massachusetts
  • New Hampshire
  • New York
  • North Carolina
  • Pennsylvania
  • South Carolina
  • Texas
  • Virginia

Disciplinary History

Prentice Wealth Management LLC does not have any disclosures. Please visit it's Form ADV for more details.