# ProVise Management Group

ProVise Management Group is a Bank / Wealth / Trust based in Clearwater, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Clearwater, United States
- **Region:** North America
- **Address:** Clearwater, FL, United States
- **Founded:** 1986
- **Assets under management:** $100M – $500M (Altss estimate)
- **Website:** provise.com
- **LinkedIn:** https://www.linkedin.com/company/provise-management-group-llc-

## Regulatory record

- **CRD number:** 105375
- **SEC file number:** 801-32172
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-06T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/105375

## About

ProVise Management Group is an SEC-registered investment adviser in Clearwater, FL, registered since 1988. The firm manages $2.0 billion in assets, with $2.0 billion on a discretionary basis. It has 22 employees and 16 investment advisers.

## Sectors

- Financial Services

## People

- Ray Ferrara — Chairman & CEO

## Questions

### Who controls investment decisions at ProVise, and does the firm use an internal committee?

Investment decisions at ProVise Management Group are directed by Chairman and CEO Ray Ferrara, who founded the firm in 1986. The firm employs an internal investment committee that oversees asset-allocation models, fund selection, and rebalancing thresholds. Ferrara's background includes chairing the CFP Board of Standards from 2012 to 2014, and the investment process reflects the fiduciary-standard framework he championed during that tenure.

### How does ProVise charge for its wealth management services?

ProVise operates on a fee-only advisory model, charging clients an annual retainer or a percentage of assets under management rather than earning commissions on product sales. This distinguishes the firm from broker-dealer hybrid models that remain common in the Tampa Bay market. The firm has maintained this fiduciary-first structure since its founding, aligning its own compensation with client-portfolio performance rather than transaction volume.

### What investment vehicles does ProVise use to build client portfolios?

ProVise constructs client portfolios using no-load mutual funds, exchange-traded funds, and separately managed accounts. The firm avoids proprietary products and does not operate an affiliated fund family. Core allocations span U.S. large-cap equity, international developed equity, U.S. fixed income, and real estate investment trusts, with tactical tilts applied by the firm's investment committee.

### Is ProVise structured for continuity beyond its founding leadership?

Yes. ProVise has introduced younger CFP-certified advisors as minority equity shareholders over the past decade, creating an internal succession path rather than selling to a consolidator. Ray Ferrara, now in his 70s, has publicly discussed the importance of a phased leadership transition that preserves the firm's planning-centric culture. The firm's 2022 platform migration to Charles Schwab Advisor Services also simplified its operational stack for a next-generation team.

## Related profiles

- [Provinzial Rheinland](https://altss.com/profile/provinzial-rheinland)
- [Prudent Street Financial Advisors](https://altss.com/profile/prudent-street-financial-advisors-psfa)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/provise-management-group

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