Davidson Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year.
Davidson Wealth Management reports 228 clients. They include 174 individual clients and 54 high-net-worth individuals. Of its assets, 35.2% ($60.7M across 310 accounts) are managed with discretion; $112M across 343 accounts are not. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 76% | 27% |
| High-net-worth individuals | 24% | 72% |
| Pension and profit-sharing plans | Fewer than 5 | 1% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 174 | $46M | 26.7% | $264K |
| High-net-worth individuals | 54 | $124M | 71.9% | $2.29M |
| Pension and profit-sharing plans | Fewer than 5 | $2.05M | 1.2% | — |
| Charitable organizations | Fewer than 5 | $16.9K | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $378K | 0.2% | — |
| Total | 228 | $172M | 100% | — |
- Clients
- 174
- Regulatory AUM
- $46M
- AUM share
- 26.7%
- Avg. per client
- $264K
- Clients
- 54
- Regulatory AUM
- $124M
- AUM share
- 71.9%
- Avg. per client
- $2.29M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.05M
- AUM share
- 1.2%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $16.9K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $378K
- AUM share
- 0.2%
- Avg. per client
- —
Total
- Clients
- 228
- Regulatory AUM
- $172M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Davidson Wealth Management charges 0.75%–1.75% a year for its Asset Management Program. The fee is billed in advance or in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial planning is a fixed fee of $1,000.00 to $10,000.00, or $250.00 an hour in special circumstances.
Richard Prozzo owns 75% or more of Davidson Wealth Management. The leadership team of Davidson Wealth Management includes Chief Compliance Officer Richard Prozzo. It has 5 employees, 3 of them in advisory roles.
Leadership
Richard ProzzoManaging Member and Chief Compliance Officer
Kristopher SevcenkoFinancial Planner and Minority Owner
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- 3 broker-dealer reps
- 4 insurance agents
- Owns 75% or more of Davidson Wealth Management LLC
Richard Prozzo
Control person · since February 2010
- Owns 10% to 25% of Davidson Wealth Management LLC
Kristopher Sevcenko
since January 2020
Davidson Wealth Management’s regulatory assets grew from $124M (March 2021) to $172M (June 2026); clients rose from 209 to 228 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $172M | 228 | 5 | 1 |
| February 2025 | $148M | 221 | 5 | 1 |
| February 2024 | $131M | 224 | 5 | 1 |
| July 2023 | $119M | 218 | 5 | 1 |
| February 2022 | $137M | 224 | 5 | 1 |
| March 2021 | $124M | 209 | 5 | 1 |
Besides its headquarters, Davidson Wealth Management has 0 offices, with 1 listed address in New Jersey.
New Jersey · 1 listed address
- 1041 West Lacey Road, 2nd Floor, Forked RiverHQ
Contact and registration details
- Legal name
- Davidson Wealth Management LLC
- Headquarters
- 1041 West Lacey Road, 2nd Floor, Forked River, NJ 08731
- Website
- davidsonwealthmgmt.com
- Phone
- 732-409-1060
- SEC file
- 801-71216
- Structure
- New Jersey LLC
- Fiscal year end
- December
Davidson Wealth Management uses SEI Investments Distribution ($111M, 65%), Pershing ($37M, 21%) and Charles Schwab ($23.9M, 14%) as custodians for its separately managed accounts. Davidson Wealth Management does not have custody of client assets.
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $111M65%
- PershingPershing LLC · Jersey City, NJ · $37M21%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $23.9M14%
At year end, Davidson Wealth Management’s separately managed accounts were mostly in funds (67%) and stocks (24%).
What the accounts hold
- Stocks24%
- Funds67%
- Bonds6%
- State and local bonds4%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash3%
How many clients does Davidson Wealth Management have?
Davidson Wealth Management has 228 clients and manages $172 million for them, as of June 2026. They include 174 individual clients and 54 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 June 2026
What services does Davidson Wealth Management offer?
Davidson Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Davidson Wealth Management charge?
Davidson Wealth Management charges 0.75%–1.75% a year for its Asset Management Program. The fee is billed in advance or in arrears and is negotiable.
Source: DAVIDSON WEALTH MANAGEMENT LLC AMENDED FORM ADV, PART 2A., filed 15 June 2026
Which custodians does Davidson Wealth Management use?
Davidson Wealth Management’s separately managed account assets are held at SEI Investments Distribution Co. (Oaks, PA), with $111M, Pershing LLC (Jersey City, NJ), with $37M and Charles Schwab & Co., Inc. (Westlake, TX), with $23.9M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 June 2026
How many financial advisors does Davidson Wealth Management have?
Davidson Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 4 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Davidson Wealth Management invest in?
At the end of its last fiscal year, Davidson Wealth Management’s separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 24% exchange-traded equities, 4% state and local bonds, 3% cash and equivalents, 1% U.S. government and agency bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Davidson Wealth Management?
Davidson Wealth Management’s direct owners are Richard Prozzo (75% or more) and Kristopher Sevcenko (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 15 June 2026
How does Davidson Wealth Management get paid?
Davidson Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Davidson Wealth Management registered with the SEC?
Yes, Davidson Wealth Management has been registered with the SEC as an investment adviser since 22 March 2010. Its CRD number is 153227 and its SEC file number is 801-71216.
Source: Form ADV Part 1A, Item 1, filed 15 June 2026; IAPD firm record
How do I contact Davidson Wealth Management?
Davidson Wealth Management’s main office is at 1041 West Lacey Road, 2nd Floor, Forked River, NJ 08731. Its phone number is 732-409-1060. Its website is davidsonwealthmgmt.com.