DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Provence Wealth Management Group

Former SEC-registered adviserIrvine, CaliforniaCRD 279037SEC 801-112522websiteIAPD
Legal name Provence Registered Investment Advisor, LLC
Latest filing Oct 2, 2024
First filing on the tape Jan 26, 2018 · 20 filings
SEC status approved since Feb 23, 2018
RAUM
$276M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
89%
$244M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$276M as of Mar 28, 2024
Feb 7, 2019$159M then
HNW client RAUM$207M as of Mar 28, 2024
Feb 7, 2019$73.8M then
State-registered IARs (5.B.3)6 as of Mar 28, 2024
Feb 7, 20194 then
Employees (5.A)6 as of Mar 28, 2024
Feb 7, 20194 then
Private funds: no history
RAUM +2.0% over the last fiscal year+11% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Oct 2, 2024; every figure names its basis
RAUM per advisor
$46.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
68derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.0MderivedHNW RAUM over HNW clients
Average account
$354,867derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
10%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+2.0%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+16%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program
$141MreportedItem 5.I
Custody
$228M, 276 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$207M75%
  • Individuals$37.0M13%
  • Pension and profit-sharing plans$26.7M9.7%
  • Corporations and businesses$2.3M0.8%
  • Charitable organizations$2.2M0.8%
Individual clients
202reported
HNW clients
204reported
Pension plan clients
35reported
Charitable clients
n/areported
Accounts
777reported
Financial planning clients
1-10reported
Wrap fee programs
$141M sponsored, $0 managedreported
Custody of client assets
$228M for 276 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Kochikar Avinash Pai · Managing Member / Chief Compliance Officercontrol
      since 12/2015 · owns 50% to 75%
    • Scott Mike Sheets · Managing Membercontrol
      since 12/2015 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    • David Mckenzie
      n
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Denver, Co000
    Irvine, Ca · principal000
    Nampa, Id000
    Newport Beach, Ca000
    Offices
    Schedule D 1.F, the 25 largest
    • Newport Beach, CA1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 951 to 777
      Apr 20, 2023 to Mar 28, 2024
    • Advisory activities · 5 to 4
      Apr 20, 2023 to Mar 28, 2024
    • Charity clients · 7.0 to unset
      Apr 20, 2023 to Mar 28, 2024
    • Corporate clients · 8 to 6
      Apr 20, 2023 to Mar 28, 2024
    • HNW clients · 150 to 204
      Apr 20, 2023 to Mar 28, 2024
    • Individual clients · 201 to 202
      Apr 20, 2023 to Mar 28, 2024
    • Pension plan clients · 38 to 35
      Apr 20, 2023 to Mar 28, 2024
    • Assets in custody · $193M to $228M
      Apr 20, 2023 to Mar 28, 2024
    • Discretionary RAUM · $252M to $276M
      Apr 20, 2023 to Mar 28, 2024
    • HNW RAUM · $199M to $207M
      Apr 20, 2023 to Mar 28, 2024
    • Individual RAUM · $40.3M to $37.0M
      Apr 20, 2023 to Mar 28, 2024
    • Non-discretionary RAUM · $18.1M to $0
      Apr 20, 2023 to Mar 28, 2024
    • Pension RAUM · $24.8M to $26.7M
      Apr 20, 2023 to Mar 28, 2024
    • RAUM · $270M to $276M
      Apr 20, 2023 to Mar 28, 2024
    • Wrap assets (sponsor) · $71.0M to $141M
      Apr 20, 2023 to Mar 28, 2024
    • Accounts · 764 to 951
      Dec 20, 2022 to Mar 20, 2023
    • Charity clients · unset to 7.0
      Dec 20, 2022 to Mar 20, 2023
    • Corporate clients · 9 to 8
      Dec 20, 2022 to Mar 20, 2023
    • HNW clients · 91 to 150
      Dec 20, 2022 to Mar 20, 2023
    • Individual clients · 216 to 201
      Dec 20, 2022 to Mar 20, 2023
    • Pension plan clients · 20 to 38
      Dec 20, 2022 to Mar 20, 2023
    • Assets in custody · $161M to $193M
      Dec 20, 2022 to Mar 20, 2023
    • Employees · 7 to 6
      Dec 20, 2022 to Mar 20, 2023
    • Insurance-licensed employees · 5 to 6
      Dec 20, 2022 to Mar 20, 2023
    • Discretionary RAUM · $302M to $252M
      Dec 20, 2022 to Mar 20, 2023
    • HNW RAUM · $218M to $199M
      Dec 20, 2022 to Mar 20, 2023
    • Individual RAUM · $57.4M to $40.3M
      Dec 20, 2022 to Mar 20, 2023
    • Non-discretionary RAUM · $0 to $18.1M
      Dec 20, 2022 to Mar 20, 2023
    • Pension RAUM · $19.8M to $24.8M
      Dec 20, 2022 to Mar 20, 2023
    • RAUM · $302M to $270M
      Dec 20, 2022 to Mar 20, 2023
    • Wrap assets (sponsor) · $130M to $71.0M
      Dec 20, 2022 to Mar 20, 2023
    • Advisory employees · 5 to 6
      Sep 15, 2022 to Dec 20, 2022
    • BD registered reps · 5 to 6
      Sep 15, 2022 to Dec 20, 2022
    • Employees · 5 to 7
      Sep 15, 2022 to Dec 20, 2022
    • Insurance-licensed employees · 0 to 5
      Sep 15, 2022 to Dec 20, 2022
    • State-registered IARs · 5 to 6
      Sep 15, 2022 to Dec 20, 2022
    • Accounts · 586 to 764
      Sep 1, 2021 to Mar 21, 2022
    • Advisory employees · 4 to 5
      Sep 1, 2021 to Mar 21, 2022
    • BD registered reps · 4 to 5
      Sep 1, 2021 to Mar 21, 2022
    • Corporate clients · unset to 9.0
      Sep 1, 2021 to Mar 21, 2022
    Signals
    10 dated events
    • Provence Wealth Management Group no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $275.7M)
      May 2, 2025 · Left the SEC roster · derived
    • Kevin Umesh Shah left Provence Wealth Management Group for Independent Advisor Alliance, Llc (registered 2024-12-16)
      Mar 28, 2025 · Advisor changed firm · fact
    • Darla M Serrano left Provence Wealth Management Group for Independent Advisor Alliance, Llc (registered 2024-12-16)
      Mar 28, 2025 · Advisor changed firm · fact
    • Stephanie Marie Hammell left Provence Wealth Management Group for Lpl Financial Llc (registered 2021-07-29)
      Mar 28, 2025 · Advisor changed firm · fact
    • Fina Laura Sneed left Provence Wealth Management Group for Lpl Financial Llc (registered 2022-10-04)
      Mar 28, 2025 · Advisor changed firm · fact
    • David Everett Mckenzie left Provence Wealth Management Group for Independent Advisor Alliance, Llc (registered 2024-12-16)
      Mar 28, 2025 · Advisor changed firm · fact
    • Avinash Kochikar Pai left Provence Wealth Management Group for Independent Advisor Alliance, Llc (registered 2024-12-16)
      Mar 28, 2025 · Advisor changed firm · fact
    • Mike Scott Sheets left Provence Wealth Management Group for Independent Advisor Alliance, Llc (registered 2024-12-16)
      Mar 28, 2025 · Advisor changed firm · fact
    • Provence Wealth Management Group's advisors moved to Independent Advisor Alliance, LLC (Irvine, CA): 4 of 7 registered, on the same day
      Mar 28, 2025 · Firm absorbed (people side) · derived
    • Provence Wealth Management Group filed its initial SEC registration (Form ADV)
      Jan 26, 2018 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026