Optivise Advisory Services provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year.
Optivise Advisory Services reports 1,233 clients. They include 1,180 individual clients, 47 high-net-worth individuals, and 6 corporations and other businesses. Of its assets, 100.0% ($288M across 1,842 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 96% | 59% |
| High-net-worth individuals | 4% | 40% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | <1% | <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) | 1,180 | $171M | 59.3% | $145K |
| High-net-worth individuals | 47 | $116M | 40.4% | $2.48M |
| Charitable organizations | Fewer than 5 | $354K | 0.1% | — |
| Corporations and other businesses | 6 | $433K | 0.2% | $72.2K |
| Total | 1,233 | $288M | 100% | — |
- Clients
- 1,180
- Regulatory AUM
- $171M
- AUM share
- 59.3%
- Avg. per client
- $145K
- Clients
- 47
- Regulatory AUM
- $116M
- AUM share
- 40.4%
- Avg. per client
- $2.48M
- Clients
- Fewer than 5
- Regulatory AUM
- $354K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- 6
- Regulatory AUM
- $433K
- AUM share
- 0.2%
- Avg. per client
- $72.2K
Total
- Clients
- 1,233
- Regulatory AUM
- $288M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Optivise Advisory Services is paid through a percentage of assets under management, hourly charges, subscription fees and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is charged a fixed fee of up to $10,000 for broad-based planning, or an hourly fee of up to $200, negotiated by scope.
Michael Wallin owns 25% to 50% of Optivise Advisory Services. The leadership team of Optivise Advisory Services includes Chief Compliance Officer Michael Wallin. It has 25 employees, 22 of them in advisory roles.
Staff
- 25 employees
- 22 in advisory functions
- 22 state-registered reps
- 1 broker-dealer rep
- 22 insurance agents
- 3 soliciting firms
- Owns 25% to 50% of Optivise Advisory Services LLC
Michael Wallin
Control person · since February 2019
- Owns 25% to 50% of Optivise Advisory Services LLC
Allen Hargis
Control person · since May 2019
- Owns 10% to 25% of Optivise Advisory Services LLC
Cory Colquette
Control person · since February 2020
Optivise Advisory Services’ regulatory assets grew 1.5× from $187M (April 2021) to $288M (July 2026); clients were 1,233 in both filings and employees fell from 28 to 25. In 2021, Panthrex Asset Management joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $288M | 1,233 | 25 | 22 |
| May 2025May 2025 | $267M | 1,216 | 25 | 23 |
| Mar 2024March 2024 | $255M | 951 | 23 | 23 |
| Apr 2023April 2023 | $235M | 1,978 | 20 | 20 |
| Feb 2022February 2022 | $259M | 1,691 | 24 | 22 |
| Apr 2021April 2021 | $187M | 1,192 | 28 | 24 |
Firms that joined
20211 joined
- Panthrex Asset ManagementNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Optivise Advisory Services has 21 offices (5 private residences, listed without an address), with 17 listed addresses across 8 states.
Tennessee · 7 listed addresses
- 109 Holiday CT, Suite A6, FranklinHQ
- 6918 Shallowford RD, Chattanooga
- 500 Wilson Pike Circle, Brentwood
- 7307 Cox Run CT, Fairview
- 208 West 5th Street, Columbia
- 109 Holiday Court, Franklin
- 10145 Hwy 114 W, Scotts Hill
Arkansas · 3 listed addresses
- 100 Plaza Carmona Place, Hot Springs Village
- 10301 Maumelle BLVD, Maumelle
- 2894 North McKee Circle, Fayetteville
Texas · 2 listed addresses
- 9507 Beardent Creek Lane, Humble
- 13750 San Pedro Ave, San Antonio
Florida · 1 listed address
- 3239 Commercial Way, Spring Hill
Indiana · 1 listed address
- 3229 Olympia DR, Lafayette
Maine · 1 listed address
- 15 Phillips Road, Bangor
Minnesota · 1 listed address
- 751 9th St SW, Pine Island
Wisconsin · 1 listed address
- 119 N. McCarthy RD., Appleton
Other business names
Optivise Advisory Services has reported 10 other business names to the SEC.
- 401k Wealth Management
- Anchor Wealth
- Both Hands Financial Group
- Kevin Moss Financial Management
- LS Wealth Management
- Pinnacle Wealth Management
- SB Financial Group
- Shield Financial Group
- The Cloquette Group
- Wallin, Hargis, & Colquette, LLC
Contact and registration details
- Legal name
- Optivise Advisory Services LLC
- Headquarters
- 109 Holiday CT, Suite A6, Franklin, TN 37067
- Website
- optiviseria.com
- Phone
- 855-378-1806
- @optivise-advisory-services
- SEC file
- 801-115232
- Structure
- Delaware LLC
- Fiscal year end
- December
Optivise Advisory Services’ named custodian for separately managed accounts is Charles Schwab ($288M). Optivise Advisory Services does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $288M100%
At year end, Optivise Advisory Services’ separately managed accounts were mostly in funds (64%) and stocks (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $197M across 228 positions; the largest are Northern Lts FD TR Iii (3.5%), iShares TR (3.4%) and Northern Lts FD TR Iii (3.3%).
What the accounts hold
- Stocks24%
- Funds64%
- Bonds4%
- Investment grade corporate bonds3%
- U.S. government and agency bonds1%
- Cash8%
How many clients does Optivise Advisory Services have?
Optivise Advisory Services has 1,233 clients and manages $288 million for them, as of July 2026. They include 1,180 individual clients, 47 high-net-worth individuals, and 6 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 July 2026
What services does Optivise Advisory Services offer?
Optivise Advisory Services provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Optivise Advisory Services use?
Optivise Advisory Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $288M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 July 2026
How many financial advisors does Optivise Advisory Services have?
Optivise Advisory Services has 22 investment adviser representatives registered with state securities authorities, out of 25 employees, and 22 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 22 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 Optivise Advisory Services invest in?
At the end of its last fiscal year, Optivise Advisory Services’ separately managed accounts held 64% registered funds (mutual funds, ETFs, BDCs), 24% exchange-traded equities, 8% cash and equivalents, 3% investment grade corporate bonds and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Optivise Advisory Services?
Optivise Advisory Services’ direct owners are Michael Wallin, Cory Colquette and Allen Hargis, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 14 July 2026
How does Optivise Advisory Services get paid?
Optivise Advisory Services is paid through a percentage of assets under management, hourly charges, subscription fees 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
How do I contact Optivise Advisory Services?
Optivise Advisory Services’ main office is at 109 Holiday CT, Suite A6, Franklin, TN 37067. Its phone number is 855-378-1806. Its website is optiviseria.com.