Asset management companies play a crucial role in managing investments efficiently and maximizing investor returns. These firms specialize in strategic asset allocation, aligning financial goals with risk appetite. In Rhode Island, a range of these companies offer diverse services including financial planning, retirement income services, education and estate planning services. They cater to a variety of clients like individuals, trusts, foundations, and institutions. As more people are seeking professional help to manage their investments, the future of this industry appears promising with opportunities for expanding services and leveraging advanced investment strategies.


Top 20 asset management companies in Rhode Island

1. Parsons Capital Management, Inc.

Parsons Capital Management is a leading investment management firm with over $1.5 billion in assets under management. They provide personalized asset management services to individuals, trusts, foundations, institutions, and retirement accounts.


2. WealthCare Investment Partners, a Registered Investment Advisor (RIA)

  • Website: wcipllc.com
  • Headquarters: Smithfield, Rhode Island, United States
  • Founded: 2018
  • Headcount: 11-50
  • LinkedIn

WealthCare Investment Partners, LLC is a Registered Investment Advisor creating and maintaining wealth for clients through asset management. Offering financial planning, portfolio management, retirement income, education and estate planning services to high net worth clients.


3. Cornerstone Investment Service

Cornerstone Investment Services, LLC RIA is a fee-based money management and financial planning firm that offers investment advice to clients and prospective clients.


4. Endurance Wealth Management, INC.

Endurance Wealth Management is a financial firm that specializes in providing long-term investment solutions to individuals, families, institutions, and charitable organizations. With over two decades of experience, their team is committed to building and shaping client relationships based on trust, respect, and uncompromising integrity.


5. The Metacomet Group

Metacomet Group is a financial services firm that invests in and manages a portfolio of companies.


6. StepStone Hospitality

StepStone Hospitality is a hotel and restaurant management company dedicated to enhancing the value of clients' assets. With a focus on delivering exceptional results for owners, StepStone Hospitality implements operating strategies that complement investment strategies. The company's world-class leadership team has over 200 years of combined experience and maintains the lowest ratio of hotels per regional team in the industry, allowing for personalized attention to each managed asset.


7. Havener Capital Partners

Havener Capital Partners is an independent sales and marketing firm in the financial services industry. We help investment management clients raise assets by utilizing intelligent data and blending inbound marketing with traditional outbound efforts.


8. Procaccianti Companies

Procaccianti Companies is one of the largest, most sophisticated, and most respected privately-held real estate firms in the United States. They specialize in hospitality, residential & multi-family, commercial, industrial, and land development. With over 60 million square feet of real estate holdings, they offer value-add investment opportunities and deliver meaningful solutions to the industry.


9. Carpionato Properties, Inc.

Carpionato Properties is a real estate development company offering commercial and residential properties in the United States. They specialize in the acquisition, development, and management of high-quality real estate assets.


10. Washington Trust Wealth Management

Washington Trust Wealth Management offers collaborative and comprehensive financial planning and investment management services. Their holistic approach combines banking, lending, and fiduciary services to help individuals and families meet their immediate needs, prepare for the future, and minimize risks.


11. Peace of Mind

  • Website: pmpmre.com
  • Headquarters: Woonsocket, Rhode Island, United States
  • Headcount: 11-50

Peace of Mind Prop. Mgmt. & Real Estate, Inc. helps clients buy and sell homes, manage properties and balance their investment portfolios.


12. Charles E. Millard, INC.

Charles E. Millard, Inc. is a company that specializes in investment banking and financial advisory services.


13. Corvias

  • Website: corvias.com
  • Headquarters: East Greenwich, Rhode Island, United States
  • Founded: 1998
  • Headcount: 501-1000
  • LinkedIn

Corvias is a company that specializes in providing tailored solutions for infrastructure challenges. They work with partners in the higher education, military, and municipal sectors to help them meet their evolving needs and unlock greater value. Corvias focuses on long-term partnerships and offers services such as property management, infrastructure financing, and sustainable solutions. They are dedicated to giving back to the communities they serve and prioritize working with local and small businesses.


14. Breachway Investments

Breachway Investments is committed to helping our clients reach their most important goals. We provide comprehensive planning and guidance, and we also coordinate with your outside experts, including accountants and attorneys, to ensure that your plan is implemented cohesively and completely. Our services fall into two main categories:


15. bxCommerce

  • Website: bxcommerce.com
  • Headquarters: Providence, Rhode Island, United States
  • Headcount: 1-10

bxCommerce is the premier eCommerce application developed by bx.com to fully integrate your business model. Our award winning technology has been at the forefront of the Internet since 1994. The bxCommerce application provides a complete scalable system for increasing sales, maximizing customer loyalty, and effectively managing all of your back office responsibility. bxCommerce combines eCommerce with campaign management, advanced merchandising, data-mining, inventory and warehouse management, accounting integration, and personalization to execute the most advanced multi channeled eCommerce system available. bxCommerce enables effective direct sales to businesses and consumers across multiple touch points. Its interactive selling provides product, pricing, quote configuration, and a personalized selling experience for your customers. Our multi channel approach increases revenues through integration of channel partners, affiliates and online marketplaces with advanced customer service and unparalleled collaboration for phone and Web support. bxCommerce is architected for multiple user groups to maximize their potential. Business users easily manage their catalogs, content, analyze results as well as manage multiple campaigns in their native language. Developers easily build upon packaged functionality and the robust development environment allows for any customizations. IT professionals appreciate the open standards, scalability, and ease of integration. Remote contributors can securely access the application via the Web. Exploit critical touch points with bxCommerce and see your sales explode. Our applications provide convenient and rich interaction for customers, partners and vendors via a broad array of touch points, including: website; partner portals; affiliates; mobile devices; wireless devices; call centers; in-store kiosks; online marketplaces; and e-mail. bxCommerce personalization drives loyalty and reduce the costs to serve across every channel.


16. Pioneer Financial Group, Inc.

Pioneer Financial Group is a comprehensive financial services firm that offers a suite of products and services to help individuals and businesses manage their finances and achieve their life goals.


17. Beaulieu Wealth Management

Beaulieu Wealth Management is a financial services firm that offers retirement planning, investment consulting, estate planning, insurance products, and tax planning solutions to help clients pursue their financial goals with confidence.


18. Ivy Wealth Advisors

  • Website: ivywealth.net
  • Headquarters: West Warwick, Rhode Island, United States
  • Founded: 2006
  • Headcount: 11-50
  • LinkedIn

Ivy Wealth is an investment firm that offers personal financial planning and guides its clientele towards financial stability, independence, and prosperity.


19. Nautic Partners LLC

  • Website: nautic.com
  • Headquarters: Providence, Rhode Island, United States
  • Founded: 1986
  • Headcount: 51-200
  • Latest funding type: Private Equity
  • LinkedIn

Nautic Partners provides investment and private equity services, focusing on three specialties: healthcare services, industrials, and IT solutions. They support the long-term value creation of their portfolio companies through operating advisors and strategic guidance. With a commitment to reliable, top-quality products and services, Nautic partners with businesses to enhance operations, execute growth strategies, and drive success.


20. Hotel Asset Value Enhancement (hotelAVE)

  • Website: hotelave.com
  • Headquarters: Providence, Rhode Island, United States
  • Founded: 2003
  • Headcount: 11-50
  • LinkedIn

hotelAVE is a leading hotel real estate asset manager and advisor in the hospitality industry. Their team of former hotel owners, operators, and financial professionals is focused on enabling clients to reach their ambitious goals. They offer asset management, advisory, investment management, and lender & receivership services. hotelAVE helps hotels optimize their operations, increase profitability, and achieve targeted performance goals.


Want to find more asset management companies?


If you want to find more companies that offer comprehensive financial planning, investment management, and retirement planning services you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.


With Inven you'll also get to know the company's:


  • Ownership: Which of these are private equity backed? Which are family-owned?
  • Contact data: Who are the owners and CEO's? What are their emails and phone numbers?
  • Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!