Providence Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, and insurance. Financial planning was provided to 26–50 clients last fiscal year.
Providence Wealth Advisors reports 653 clients. They include 617 individuals, 28 corporations and other businesses, and 8 charitable organizations. Of its assets, 100.0% ($684M across 1,384 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 94% | 94% |
| Charitable organizations | 1% | 2% |
| Corporations and other businesses | 4% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 617 | $646M | 94.3% | $1.05M |
| Charitable organizations | 8 | $10.8M | 1.6% | $1.34M |
| Corporations and other businesses | 28 | $28M | 4.1% | $998K |
| Total | 653 | $684M | 100% | $1.05M |
- Clients
- 617
- Regulatory AUM
- $646M
- AUM share
- 94.3%
- Avg. per client
- $1.05M
- Clients
- 8
- Regulatory AUM
- $10.8M
- AUM share
- 1.6%
- Avg. per client
- $1.34M
- Clients
- 28
- Regulatory AUM
- $28M
- AUM share
- 4.1%
- Avg. per client
- $998K
Total
- Clients
- 653
- Regulatory AUM
- $684M
- AUM share
- 100%
- Avg. per client
- $1.05M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Providence Wealth Advisors charges 0.50%–1.25% a year for its Portfolio Management Asset-Based Fee Schedule. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $500 annual minimum.
| Asset band | Annual rate |
|---|---|
| $0–$250K | 1.25% |
| $250K–$500K | 1.00% |
| $500K–$1M | 0.85% |
| $1M–$1.5M | 0.75% |
| $1.5M–$2M | 0.65% |
| $2M and above | 0.50% |
Fee details and sources
Providence Bank LLC owns 75% or more of Providence Wealth Advisors. The leadership team of Providence Wealth Advisors includes Chief Compliance Officer Gery Sadzewicz. It has 11 employees, 6 of them in advisory roles.
Leadership
- Gery SadzewiczChief Compliance Officer
- Douglas DegrootManager
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 11 employees
- 6 in advisory functions
- 5 state-registered reps
- 1 insurance agent
- Owns 75% or more of Providence Wealth Advisors, LLC
Providence Bank LLC
Control person · since May 2010
Providence Wealth Advisors’ regulatory assets grew 1.6× from $420M (February 2021) to $684M (March 2026); clients fell from 1,000 to 653 and employees rose from 10 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $684M | 653 | 11 | 3 |
| February 2025 | $601M | 641 | 11 | 3 |
| July 2024 | $572M | 1,253 | 11 | 3 |
| June 2023 | $497M | 1,186 | 10 | 4 |
| March 2022 | $468M | 1,146 | 10 | 4 |
| February 2021 | $420M | 1,000 | 10 | 4 |
Besides its headquarters, Providence Wealth Advisors has 2 offices, with 3 listed addresses in Illinois and Indiana.
Illinois · 2 listed addresses
- 20220 South Lagrange Road, FrankfortHQ
- 6431 W 127th Street, Palos Heights
Indiana · 1 listed address
- 10100 Calumet Avenue, Dyer
Contact and registration details
- Legal name
- Providence Wealth Advisors, LLC
- Headquarters
- 20220 South Lagrange Road, Frankfort, IL 60423
- Website
- Not reported
- Phone
- 815-306-2020
- SEC file
- 801-71352
- Founded
- 2010
- Structure
- Illinois LLC
- Fiscal year end
- December
Providence Wealth Advisors uses Charles Schwab ($684M) as custodian for its separately managed accounts. Providence Wealth Advisors has custody of $684M in client assets for 692 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Franciso, CA · $684M100%
At year end, Providence Wealth Advisors’ separately managed accounts were largely in funds (40%) and bonds (33%). Its reported 13F holdings for the quarter ended 30 June 2026 total $170M across 84 positions; the largest are Eli Lilly And CO (8.9%), Apple Inc. (8.0%) and Caterpillar Inc. (6.4%).
What the accounts hold
- Stocks26%
- Funds40%
- Bonds33%
- Cash1%
Reported 13F holdings
- $170M
- Reported 13F value
- 84
- Positions
- 47.4%
- In the 10 largest
- +7.9%
- Value vs. prior quarter
- Eli Lilly And CO8.9%
- Apple Inc.8.0%
- Caterpillar Inc.6.4%
- Microsoft Corp.4.7%
- Broadcom Inc.4.7%
- JPMORGAN Chase & CO4.2%
- Walmart Inc.2.8%
- Amazon.com Inc.2.6%
- Nvidia Corp.2.6%
- Waste Mgmt Inc. Del2.5%
Together, the ten largest are 47.4% of reported value.
How many clients does Providence Wealth Advisors have?
Providence Wealth Advisors has 653 clients and manages $684 million for them, as of March 2026. They include 617 individuals, 28 corporations and other businesses, and 8 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 March 2026
What services does Providence Wealth Advisors offer?
Providence Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Providence Wealth Advisors charge?
Providence Wealth Advisors charges 0.50%–1.25% a year for its Portfolio Management Asset-Based Fee Schedule. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $500 annual minimum.
Source: PROVIDENCE WEALTH ADVISORS BROCHURE, filed 2 March 2026
Which custodians does Providence Wealth Advisors use?
Providence Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Franciso, CA), with $684M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 March 2026
How many financial advisors does Providence Wealth Advisors have?
Providence Wealth Advisors has 5 investment adviser representatives registered with state securities authorities, out of 11 employees, and 6 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Providence Wealth Advisors invest in?
At the end of its last fiscal year, Providence Wealth Advisors’ separately managed accounts held 40% registered funds (mutual funds, ETFs, BDCs), 33% U.S. government and agency bonds, 26% exchange-traded equities and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Providence Wealth Advisors?
Providence Wealth Advisors’ direct owner is Providence Bank LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 2 March 2026
How does Providence Wealth Advisors get paid?
Providence Wealth Advisors is paid through a percentage of assets under management and commissions. Its Form ADV lists no 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 Providence Wealth Advisors registered with the SEC?
Yes, Providence Wealth Advisors has been registered with the SEC as an investment adviser since 19 April 2010. Its CRD number is 153646 and its SEC file number is 801-71352.
Source: Form ADV Part 1A, Item 1, filed 2 March 2026; IAPD firm record
How do I contact Providence Wealth Advisors?
Providence Wealth Advisors’ main office is at 20220 South Lagrange Road, Frankfort, IL 60423. Its phone number is 815-306-2020.