Thrive Wealth Management, Llc (Audubon)
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...
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.
Thrive Wealth Management: assets under management
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 firm manages $247.65 million in discretionary accounts and $30.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $298.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.82 million.
Investments
The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.
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