Rhode Island's asset management companies play a vital role in overseeing investments and wealth for individuals, families, and institutions. This industry thrives on personalized financial strategies and comprehensive services like portfolio management, financial planning, and advisory roles. Companies operate in various sectors, including real estate and private equity, often focusing on specific client needs and long-term growth objectives. With the rise of technology, many firms are beginning to integrate digital solutions to enhance client engagement and decision-making. This modernization reflects a trend towards increased transparency and efficiency within the financial sector, shaping its future significantly.

In this list, you will find a collection of Rhode Island's asset management companies, ranging from small family-owned firms to larger private equity aggregates. Founded between 1900 and 2018, these companies vary in size from just a handful of employees to several hundred. Their specializations include wealth management, investment advisory, and property management, with headquarters in cities like Providence, Warwick, and East Greenwich. As they evolve, many are embracing innovative strategies to better serve their clients, creating tailored solutions in an ever-changing financial environment.

Discover the prominent asset management companies in Rhode Island.

Top 20 Asset Management Companies in Rhode Island

1. Lincoln Capital

• Website: lincolncapitalcorp.com
• Ownership type: Family Owned
• Headquarters: East Greenwich, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1991
• Headcount: 1-10
• LinkedIn: lincoln-capital

Lincoln Capital Corporation, founded in 1991 and based in East Greenwich, Rhode Island, is a family-owned financial advisory firm that specializes in asset management, financial planning, and wealth services. The firm serves a range of clients, including individuals, families, businesses, and nonprofit organizations, providing customized financial strategies aimed at achieving specific financial goals. As a fee-only fiduciary, Lincoln Capital emphasizes integrity and transparency, ensuring that client interests are always prioritized. The firm has built a reputation for its personalized approach, leveraging decades of experience in the financial industry. With a small team of dedicated professionals, including Certified Financial Planners and a Chartered Financial Analyst, Lincoln Capital is committed to delivering high-quality financial services without the conflicts of interest often associated with traditional brokerage models. The firm does not report any external funding, indicating a stable, self-sustaining operation focused on long-term client relationships.

2. Parsons Capital Management, Inc.

• Website: parsonscapital.com
• Ownership type: Private
• Headquarters: Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1993
• Headcount: 11-50
• LinkedIn: parsons-capital-management-inc.

Parsons Capital Management, Inc. is an investment management firm based in Providence, Rhode Island, established in 1993. The company specializes in personalized financial planning and asset management services, catering to a range of clients including individuals, trusts, foundations, and institutions. With a focus on understanding the unique financial objectives and risk tolerances of their clients, Parsons Capital has successfully increased its assets under management from $60 million in 1994 to over $1.5 billion today. The firm prides itself on its research-driven investment process, utilizing fundamental, quantitative, and technical analysis to inform its strategies. Their team comprises experienced professionals who bring a wealth of knowledge from various sectors, ensuring that clients receive informed advice tailored to their financial ambitions. With offices in Rhode Island, Florida, and Colorado, Parsons Capital Management continues to expand its reach while maintaining strong ties to the local community.

3. SK Wealth Management, LLC

• Website: skwealth.com
• Ownership type: Private
• Headquarters: Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 88%, Germany 12%
• Founded year: 1998
• Headcount: 1-10
• LinkedIn: sk-wealth-management-llc

SK Wealth Management, LLC, based in Providence, Rhode Island, is a private financial advisory firm established in 1998. The company specializes in personalized financial planning and investment management services, catering to both individuals and businesses. With a strong focus on fiduciary responsibility, SK Wealth operates under a fee-only model, ensuring that clients are aware of costs without hidden commissions. The firm prides itself on building partnerships with clients, guiding them through complex financial landscapes to achieve their goals. SK Wealth's team includes credentialed professionals with extensive experience in various investment strategies, including equities, fixed income, and alternative assets. The firm also engages with a network of strategic partners, enhancing its ability to address multifaceted financial situations. Notably, SK Wealth has been recognized as one of the best places to work in Rhode Island in 2023, reflecting its commitment to a positive workplace culture.

4. Dimeo Properties

• Website: dimeoproperties.com
• Ownership type: Private
• Headquarters: Warwick, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1986
• Headcount: 51-200
• LinkedIn: dimeo-properties

Dimeo Properties, founded in 1986 and based in Warwick, Rhode Island, is a private property management firm that specializes in investment and management services for commercial, industrial, and residential real estate. The company offers a comprehensive suite of services, including facilities management, development management, and compliance with housing regulations. Dimeo Properties manages a significant portfolio that includes approximately 1,000 subsidized apartment units and various commercial properties across Southern New England. Their clientele consists of individual investors and organizations seeking expert management of their real estate assets. The company has built a reputation for timely financial reporting and a responsive staff, which has contributed to its growth and stability in the industry.

5. Marstone, Inc.

• Website: marstone.com
• Ownership type: Venture Capital
• Headquarters: Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series B, $8.0M, January 2024
• Founded year: 2013
• Headcount: 11-50
• LinkedIn: marstone-inc

Marstone, Inc. is a financial technology company based in Providence, Rhode Island, founded in 2013. The firm focuses on providing digital wealth management solutions tailored for financial institutions. Their platform offers personalized portfolio management, financial planning tools, and investment advisory services, all designed to improve client engagement and financial literacy. Marstone partners with various banks and investment firms, enabling them to offer digital wealth services to their clients. The company has recently secured $8 million in Series B funding as of January 2024, which underscores its commitment to innovation and growth in the financial technology space. Marstone's mission is to make finance more accessible and understandable for all, reflecting a modern approach to asset management that prioritizes user experience and financial education.

6. Hotel Asset Value Enhancement (hotelAVE)

• Website: hotelave.com
• Ownership type: Private
• Headquarters: Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2003
• Headcount: 11-50
• LinkedIn: hotel-asset-value-enhancement-hotelave

Hotel Asset Value Enhancement (hotelAVE) is a hotel asset management and advisory firm based in Providence, Rhode Island. Established in 2003, hotelAVE specializes in enhancing the value and performance of hotel properties through a range of services including asset management, advisory, investment management, and operational effectiveness. The company has a strong focus on the hospitality industry, providing tailored solutions to hotel owners and investors. With a team of experienced professionals, many of whom have backgrounds as hotel owners and operators, hotelAVE is well-equipped to navigate the complexities of hotel management. They have successfully managed over 1,700 hotels and have been involved in significant transactions, contributing to their reputation in the industry. Their commitment to operational excellence and strategic advisory services has allowed them to achieve above-market performance for their clients.

7. Corrigan Financial, Inc.

• Website: corriganfinancialinc.com
• Ownership type: Private
• Headquarters: Middletown, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 87%, Canada 13%
• Founded year: 1989
• Headcount: 11-50
• LinkedIn: corrigan-financial-inc-

Corrigan Financial, Inc. is a private financial advisory firm based in Middletown, Rhode Island, established in 1989. With a team of 23 professionals, including CPAs and certified financial planners, the firm specializes in comprehensive financial planning, investment advisory services, tax planning and preparation, and corporate pension plan services. They cater to individuals, families, and businesses, helping clients navigate their financial journeys. The firm manages investment assets for over 1,000 families, emphasizing a structured approach to financial planning that incorporates clients' unique goals and circumstances. Corrigan Financial is also actively involved in community service, supporting numerous nonprofit organizations in Rhode Island. Their commitment to ongoing education and technology investment keeps them relevant in the financial advisory industry.

8. Procaccianti Companies

• Website: procaccianti.com
• Ownership type: Private
• Headquarters: Cranston, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1958
• Headcount: 201-500
• LinkedIn: the-procaccianti-group

Procaccianti Companies, founded in 1958 and based in Cranston, Rhode Island, is a private real estate investment firm that specializes in investment and management services across various sectors. The company has a strong focus on maximizing asset value and operational efficiency for property owners and investors. With a portfolio that spans over 300 cities across 42 states, Procaccianti has been involved in thousands of transactions, representing tens of billions in real estate investments. Their services include private credit investment, marina management, and hospitality management, catering to businesses in the real estate and hospitality industries. The firm operates through multiple subsidiaries, including Smith Hill Capital, which focuses on commercial real estate debt investment, and TPG Hotels & Resorts, which manages a significant number of hotels. This extensive involvement in real estate investment and management positions Procaccianti Companies as a notable player in the asset management sector.

9. Independence Financial Partners

• Website: indfp.com
• Ownership type: Family Owned
• Headquarters: Warwick, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1909
• Headcount: 51-200
• LinkedIn: independence-financial-partners

Independence Financial Partners, based in Warwick, Rhode Island, is a family-owned financial advisory firm with a rich history dating back to 1909. The firm specializes in a range of services, including financial planning, retirement management, and investment advisory. With a team of over 40 professionals, they provide personalized, concierge-level attention to their clients, which includes individuals, families, and businesses. The firm manages more than $1.25 billion in assets, reflecting their capability and client trust. Independence Financial Partners has a strong focus on building long-term relationships, ensuring that clients receive tailored solutions to meet their unique financial needs. Their commitment to community and client service is evident in their operations, which span across Southern New England. The firm is dedicated to helping clients navigate their financial journeys, whether they are just starting their careers or planning for retirement and legacy transitions.

10. Nautic Partners LLC

• Website: nautic.com
• Ownership type: Private Equity
• Headquarters: Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: December 2021
• Founded year: 1986
• Headcount: 51-200
• LinkedIn: nautic-partners

Nautic Partners LLC, founded in 1986, is a private equity firm based in Providence, Rhode Island. The firm specializes in investment management and advisory services, primarily targeting middle market companies across three key sectors: healthcare, industrials, and services. Nautic Partners is known for its hands-on approach, working closely with management teams to drive growth and improve operational efficiency. With a team of experienced investment professionals, Nautic has managed over $9.5 billion in capital and has successfully exited 123 portfolio investments as of December 2021. The firm emphasizes a culture of partnership, integrity, and mutual respect, which it believes is essential for fostering strong relationships with its management partners and achieving shared goals. Nautic's commitment to environmental, social, and governance (ESG) factors further underscores its dedication to responsible investment practices.

11. Peregrine Group LLC

• Website: peregrinegrp.com
• Ownership type: Private
• Headquarters: East Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 82%, India 18%
• Founded year: 2001
• Headcount: 11-50
• LinkedIn: peregrine-group

Peregrine Group LLC is a real estate advisory and project management firm based in East Providence, Rhode Island. Founded in 2001, the company specializes in strategic advisory, transactional support, owner's project management, and asset management services. With a team of skilled professionals from backgrounds in construction, architecture, finance, and policy, Peregrine Group assists clients in navigating complex real estate projects. Their portfolio includes notable projects across various sectors such as commercial, education, hospitality, medical, and residential. The firm is dedicated to delivering thoughtful and cost-effective results, ensuring that projects meet the unique needs of their clients. Peregrine Group's commitment to excellence and attention to detail has fostered long-term relationships with clients, which often span decades.

12. Peregrine Property Management, LLC

• Website: peregrinepm.com
• Ownership type: Private
• Headquarters: East Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2010
• Headcount: 11-50
• LinkedIn: peregrine-property-management

Peregrine Property Management, LLC, founded in 2010 and based in East Providence, Rhode Island, is a private property management company. With a team of 19 professionals, they specialize in managing a variety of real estate investments, including commercial, residential, and institutional properties. Their service offerings include facilities management, accounting and administrative support, property management, and construction management. The company prides itself on treating each property as if it were their own, ensuring that they maintain and enhance the value of their clients' investments. They operate primarily in Rhode Island and Massachusetts, providing tailored solutions to meet the unique needs of their clients. Peregrine is also recognized as an Accredited Management Organization (AMO), which underscores their commitment to professional standards in property management.

13. Providence Equity Partners

• Website: provequity.com
• Ownership type: Private
• Headquarters: Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 71%, United Kingdom (UK) 27%, Other 2%
• Founded year: 1989
• Headcount: 51-200
• LinkedIn: providence-equity-partners

Providence Equity Partners, founded in 1989 and based in Providence, Rhode Island, is a private equity firm that specializes in growth-oriented investments. The firm focuses on sectors such as media, communications, education, and technology, partnering with management teams to provide both capital and expertise. With a team of over 130 professionals, Providence has built a reputation for its deep industry knowledge and commitment to collaboration. The firm has raised more than $36 billion in aggregate private equity capital commitments and has made over 175 investments, demonstrating its active role in the market. Providence's investment strategy prioritizes organic and inorganic growth, aiming to help companies reach their full potential. Their portfolio includes notable companies across various sectors, showcasing their ability to identify and nurture businesses that contribute significantly to their industries.

14. Magna Hospitality Group, L.C.

• Website: magnahospitality.com
• Ownership type: Private
• Headquarters: Warwick, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 94%, United Arab Emirates 6%
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: magnahospitality

Magna Hospitality Group, L.C., founded in 1998 and based in Warwick, Rhode Island, is a private hotel investment firm dedicated to the hotel sector. With a team of over 100 professionals, Magna specializes in hotel investment, development, and management. The firm has a robust portfolio that includes more than $5 billion in hotel real estate under management and development. Magna operates hotels across the United States and Canada, partnering with major national franchise brands such as Hilton, Marriott, Hyatt, and InterContinental Hotel Group. Their strategy focuses on value-add opportunities, leveraging their expertise to enhance property value and ensure effective management. Magna's commitment to investor satisfaction and guest service is evident in their operational practices and team culture, which emphasizes collaboration and shared success.

15. Paolino Properties

• Website: paolinoproperties.com
• Ownership type: Family Owned
• Headquarters: Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1900
• Headcount: 11-50
• LinkedIn: paolino-properties

Paolino Properties is a fourth-generation family-owned real estate investment, development, and management company based in Providence, Rhode Island. Founded in 1900, the firm has built a robust portfolio that includes over forty properties, totaling nearly three million square feet. Their offerings range from prestigious Class A office spaces to high-end residential developments and retail shopping centers. The company prides itself on its commitment to operational excellence and customer service, ensuring that their properties are well-maintained and strategically located. Under the leadership of Joseph R. Paolino, Jr. and Donna Paolino, the firm continues to adapt to the evolving real estate market, providing tailored solutions for businesses and individuals alike. Paolino Properties also manages a world-class marina in Newport, further showcasing their versatility in property management.

16. StepStone Hospitality

• Website: stepstonehospitality.com
• Ownership type: Private
• Headquarters: Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2009
• Headcount: 1001-5000
• LinkedIn: stepstone-hospitality

StepStone Hospitality is a hospitality management company based in Providence, Rhode Island, founded in 2009. With a workforce of around 126 employees, the company focuses on hotel and restaurant management, offering a range of services designed to enhance operational performance. Their offerings include property management, food and beverage development, and advisory services aimed at elevating the value of their clients' assets. StepStone Hospitality has a strong emphasis on strategic partnerships and innovative operating strategies, which are crucial for navigating the complexities of the hospitality industry. They have managed over 1,250 hotels across the United States, showcasing their capability in handling various types of properties, from branded hotels to independent establishments. Their involvement in lender and receiver services further highlights their expertise in asset management, particularly in distressed scenarios, where they provide critical support to safeguard investments and optimize returns.

17. Nexus Property Management

• Website: nexri.com
• Ownership type: Private
• Headquarters: Pawtucket, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2005
• Headcount: 11-50
• LinkedIn: nexus-property-management

Nexus Property Management, founded in 2005 and based in Pawtucket, Rhode Island, is a private property management firm that offers a comprehensive suite of services tailored for property owners and real estate investors. The company operates primarily in Rhode Island and Southeastern Massachusetts, managing a variety of rental properties, from single-family homes to multi-unit apartment buildings. Nexus focuses on tenant placement, rent collection, maintenance, and providing investment advice, which helps property owners maximize their returns. They pride themselves on their technology-driven approach, offering online portals for tenants and owners to facilitate communication and streamline processes. With a dedicated in-house maintenance team and a commitment to 24/7 service, Nexus aims to enhance tenant satisfaction while increasing the value of the properties they manage. Their business model emphasizes transparency and efficiency, making them a notable entity in the property management industry.

18. Upper90

• Website: upper90.io
• Ownership type: Private
• Headquarters: Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: upper90

Upper90 is an investment firm based in Providence, Rhode Island, founded in 2018. The firm specializes in providing customized debt and equity solutions to technology startups, with a particular emphasis on e-commerce and fintech. Upper90 aims to support early-stage companies by offering credit facilities that allow them to scale operations without sacrificing ownership. Their investment strategy is unique, as they prioritize credit over equity, enabling startups to retain more of their business while still accessing the capital needed for growth. Upper90 typically invests in Seed to Series B startups, providing initial credit facilities ranging from $5 million to $25 million, which can scale significantly based on asset performance. The firm has built a network of over 300 business builders, enhancing their ability to add value beyond just capital. This strategic approach positions Upper90 as a significant player in the startup funding ecosystem, particularly for companies looking to optimize their capital structure.

19. Fenway Partners

• Website: fenwaypartners.com
• Ownership type: Private
• Headquarters: Westerly, Rhode Island, United States (USA)
• Founded year: 1994
• Headcount: 1-10
• LinkedIn: fenwaypartners

Fenway Partners is a private equity firm founded in 1994, based in Westerly, Rhode Island. The firm focuses on investing in middle-market companies across the United States, particularly in sectors such as branded consumer products and specialty distribution and logistics. Fenway Partners aims to partner with management teams to enhance business performance and create tangible value. Their investment strategy typically involves companies with revenues between $50 million and $500 million, with investment sizes ranging from $15 million to $50 million. The firm prides itself on its collaborative approach, leveraging industry knowledge and resources to support the growth of its portfolio companies. Fenway has a history of successful investments, including notable companies like 1-800-Contacts and Harry Winston, showcasing their ability to identify and nurture strong market franchises.

20. Bliss Properties

• Website: blissproperties.net
• Ownership type: Private
• Headquarters: Providence, Rhode Island, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1923
• Headcount: 11-50
• LinkedIn: bliss-properties

Bliss Properties is a privately owned real estate management and development company based in Providence, Rhode Island. Established in 1923, it has been a family-run business for four generations. The firm manages over 1.5 million square feet of commercial, office, and retail space, including notable properties like the Warwick Mall and Bliss Place in Wayland Square. In addition to their property management services, Bliss Properties also owns and operates multiple parking lots and garages in Providence. Their commitment to integrity, responsibility, and trust has earned them a respected position in the local business community, making them a reliable choice for clients seeking commercial spaces.

Asset Management Insights: Key Companies in Rhode Island

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