{"url":"https://nivawealth.com/firms/provision-asset-282183","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/282183","regulatoryAum":150670233,"crd":"282183","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6613158","suffix":null,"lastName":"Beerley","firstName":"Jay","middleName":"David"},{"crd":"7428513","suffix":null,"lastName":"LOUIE","firstName":"GWENDOLYN","middleName":"DEE"},{"crd":"7204802","suffix":null,"lastName":"McEntire","firstName":"Jonathan","middleName":"David"},{"crd":"6438477","suffix":null,"lastName":"RIZZO","firstName":"ANTHONY","middleName":"STEVEN"},{"crd":"6436752","suffix":null,"lastName":"SHORT","firstName":"CASEY","middleName":"LUKE"},{"crd":"7686978","suffix":null,"lastName":"Thomas","firstName":"Daniel","middleName":null}],"total":6,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2025-03-26","regulatoryAum":100812551,"clients":379,"employees":6,"offices":7},{"filedOn":"2026-05-07","regulatoryAum":150670233,"clients":463,"employees":6,"offices":7}],"secFileNumber":"801-132214","legalName":"Provision Asset, LLC","displayName":"Provision Asset","slug":"provision-asset-282183","website":"https://provisionasset.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/282183/79429ed3cc6b70b5-r1.webp","tone":"light","width":694,"height":200,"sourceUrl":"https://www.provisionasset.com/","sourceLabel":"Provision Asset, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"20 March 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":325593.72331154684,"staff":{"employees":6,"advisory":6,"brokerDealerReps":0,"insuranceAgents":6,"promoters":0},"aum":{"regulatory":150670233,"discretionary":150670233,"discretionaryAccounts":1013,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":454},"clientTypes":[{"label":"Individuals (other than HNW)","clients":417,"regulatoryAum":95456130},{"label":"High-net-worth individuals","clients":42,"regulatoryAum":53991389},{"label":"Charitable organizations","clients":2,"fewerThan5":true,"regulatoryAum":701342},{"label":"Other investment advisers","clients":1,"fewerThan5":true,"regulatoryAum":161765},{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":359607}],"feePrograms":[{"role":"other","program":"Financial Planning and Consulting","summary":"Negotiable flat fee of $1,500 to $10,000, or an hourly rate of $225 per hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1044355","versionId":1044355,"submittedOn":"2026-05-07","documentName":"ADV2A &2B SEC"},{"role":"other","program":"Qualified Plan Consulting","summary":"Hourly fee of $225 for qualified plan consulting.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1044355","versionId":1044355,"submittedOn":"2026-05-07","documentName":"ADV2A &2B SEC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T15:20:09.816941+00:00","documents":[{"name":"ADV2A &2B SEC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1044355","versionId":1044355,"submittedOn":"2026-05-07"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":150670233}],"custodyNote":"Provision Asset does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Jay Beerley","title":"Investment Advisor Representative/ President","crd":"6613158"},{"name":"Casey Short","title":"Chief Compliance Officer/ CFO/ Investment Advisor Representative","crd":"6436752"}],"ownership":[{"label":"Casey Short","detail":"Chief compliance officer/ cfo/ investment advisor representative in the 75% or more ownership band and a control person, since November 2015."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":6,"privateResidences":1},"listedOfficeAddresses":6,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":5,"addresses":[{"street":"6401 Eldorado Pkwy","city":"McKinney"},{"street":"608 Hickory St.","city":"Denton"},{"street":"4500 Mercantile Plaza DR.","city":"Fort Worth"},{"street":"130 N Preston Road","city":"Prosper"},{"street":"305 W. Woodard Street","city":"Denison"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"972-987-9651","stateRegisteredReps":6,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"251-500","assetMix":[{"label":"Exchange-traded equity securities","percent":47},{"label":"Non-exchange-traded equity securities","percent":6},{"label":"Securities issued by registered investment companies or business development companies","percent":43},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"7 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/282183/PDF/282183.pdf","brochureDate":"7 May 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1044355","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Provision Asset have?","answer":"Provision Asset has 463 clients and manages $151 million for them, as of May 2026. They include 417 individual clients, 42 high-net-worth individuals and 2 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 7 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Provision Asset offer?","answer":"Provision Asset provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Provision Asset use?","answer":"Provision Asset’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $151M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Provision Asset have?","answer":"Provision Asset has 6 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 6 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Provision Asset invest in?","answer":"At the end of its last fiscal year, Provision Asset’s separately managed accounts held 47% exchange-traded equities, 43% registered funds (mutual funds, ETFs, BDCs), 6% non-exchange-traded equities and 4% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Provision Asset?","answer":"Provision Asset’s direct owner is Casey Short (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 7 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Provision Asset get paid?","answer":"Provision Asset is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Provision Asset?","answer":"Its phone number is 972-987-9651. Its website is provisionasset.com.","source":"Form ADV Part 1A, Item 1.F, filed 7 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}