Davidson Wealth Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Davidson Wealth Management LLC serves individuals (including high‑net‑worth clients), pension and profit‑sharing plans, trusts, estates, charitable organizations and corporate clients, managing approximately $172.4 million for about 228 accounts through a three‑advisor team. The firm provides asset management, financial planning, retirement plan consulting, and access to a variety of third‑party advisory programs and model portfolios.
The firm builds individualized portfolios using fundamental, technical and charting analysis and implements asset allocation and rebalancing through third‑party platforms such as Osaic Wealth’s Vision2020, SEI programs and Schwab Institutional, including SMA and UMA solutions. While Davidson maintains discretion in certain program accounts, a substantial portion of client assets—roughly $111.6 million of the firm’s $172.4 million—are managed on a non‑discretionary basis and clients can impose investment restrictions.
Distinctive features include the firm’s predominantly non‑discretionary asset base and its status as a licensed insurance agency whose associated persons sell life and health insurance and may receive commissions, in addition to providing advisory services. The firm’s principals are also registered representatives affiliated with Osaic Wealth, and Davidson participates in fee‑sharing and third‑party program arrangements and offers retirement plan fiduciary consulting, factors prospective clients may want to consider when evaluating conflicts of interest and oversight.
Client services
Expertise
Occupation focus
Fee options
Financial planning fees generally offered as fixed fees ranging from $1,000 to $10,000, determined on a case-by-case basis.
$0 - $499,999: 1.75% $500,000 - $999,999: 1.50% $1,000,000 - $2,999,999: 1.25% $3,000,000 - $4,999,999: 1.00% $5,000,000+: 0.75%
Commissions are received by associated persons for sales of securities and insurance products, including asset-based sales charges or service fees from mutual funds; however, associated persons do not receive commission compensation related to sales in advisory accounts.
$250 per hour for financial planning services when offered on an hourly basis.
Main office
1041 West Lacey Road, 2nd Floor
Forked River NJ 08731
Advisors at this office
3
Most active in
Florida · Louisiana · New Hampshire · New Jersey · New York · Pennsylvania · South Carolina · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Richard P
Series 63, Series 65
Forked River, NJ
Davidson Wealth Management LLC
Richard Prozzo is an investment advisor representative at Davidson Wealth Management LLC with 37 years of industry experience. He has been with Davidson Wealth Management since 2010 and is also affiliated with OSAIC. Prozzo serves as a trustee alongside his mother for his deceased father’s irrevocable trust, making investment decisions and distributing income to the beneficiary. Davidson Wealth Management LLC serves individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and corporate clients, managing approximately $172.4 million across about 228 accounts. The firm offers asset management, financial planning, retirement plan consulting, and access to third-party advisory programs, employing fundamental, technical, and charting analysis while maintaining a predominantly non-discretionary asset base.
Kristopher S
CFP®, Series 63, Series 65
Forked River, NJ
Davidson Wealth Management LLC
Kristopher Sevcenko is a CFP®-certified financial advisor with 20 years of industry experience. He has been with Davidson Wealth Management LLC since 2012 and is also affiliated with Osaic Wealth, Inc. Sevcenko serves as trustee for his father’s and parents’ irrevocable family trusts, managing investment decisions for those assets. Davidson Wealth Management serves individual clients, including high-net-worth households, as well as retirement plans, trusts, and business entities. The firm offers asset management, financial planning, and retirement plan consulting, using risk-tolerance questionnaires and model portfolios to create individualized strategies across a range of investment vehicles.
Richard P
Series 66
Forked River, NJ
Davidson Wealth Management LLC
Richard Prozzo is a financial advisor with Davidson Wealth Management LLC in Forked River, NJ, holding a Series 66 designation and having two years of industry experience. His prior work includes roles at Osaic and various positions outside the financial industry, including education and municipal work. Davidson Wealth Management serves individual clients, retirement plans, trusts, and business entities by offering asset management, financial planning, and retirement plan consulting. The firm manages client accounts using risk-tolerance questionnaires, asset allocation tools, and model portfolios, providing both discretionary and non-discretionary portfolio management.
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