facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

Thrive Wealth Management, LLC - Form CRS


Item 1 – Introduction

Thrive Wealth Management, LLC (“we” or “us”) is registered with the Securities Exchange Commission 

(“SEC”) as an investment adviser. Our  services  and  compensation  structure  differ  from  a  

registered  broker-dealer,  and  it  is  important  for  you  to understand  the  differences  

between  those  structures.  Free  and  simple  tools  are  available  to  research  firms  and  

financial professionals at www.investor.gov/CRS. The site also provides educational materials about 

broker-dealers, investment advisers and investing. The italicized sentences appearing in text boxes 

below are intended to be “conversation starters” for you to have with us, as required by the 

instructions to Form CRS.


Item 2 – Relationships and Services

What investment services and advice can you provide me?

As fiduciaries, we provide investment advisory services that typically include investment 

management services combined with initial and routine financial planning and consulting services to 

individuals and their trusts and estates (“you,” or “clients”). We begin that process by meeting 

with our clients to develop their unique investment objectives, risk tolerance, investment time 

horizon, withdrawal requirements, and other special circumstances to formulate an investment 

strategy. We then buy and sell securities to implement the strategy, then monitor the portfolios 

periodically and make changes to them as we deem necessary. If we manage your portfolio on a 

discretionary basis, we have the authority to buy and sell investments in your accounts without 

speaking to you before doing so. However, you can place reasonable restrictions on the securities 

that we buy by notifying us, in writing. If we manage your portfolio on a non-discretionary basis, 

you make the ultimate decision regarding the purchase or sale of investments, and we cannot execute 

any account transactions without obtaining your prior consent. We do not have limit the type of 

securities we trade for our clients to proprietary products or a limited group or type of 

investment, but we generally construct and manage portfolios consisting primarily of mutual funds, 

exchange traded funds (“ETFs”), unaffiliated independent investment managers, individual debt 

and/or equity securities. In doing so, we may allocate your investment assets into one or more of 

our model portfolio strategies as described in Item 8 of our Part 2A Brochure. We do not 

necessarily impose a minimum annual investment advisory fee but prefer to work with new clients 

seeking management of at least $500,000. We provide initial and routine financial planning and 

consulting services as part of the investment advisory service offering, but we may also provide 

those services on a stand-alone separate fee basis. When we provide any financial planning and 

consulting services to a client, we rely upon the information they provide and do not verify or 

monitor that information while or after providing these services unless specifically engaged to do 

so. Our financial planning consulting services are completed upon the communication  of  our  

recommendations to  the  client,  delivery  of  a  written  financial  plan,  or  termination  of  

an  applicable agreement. For more detailed information about our Advisory Business and the Types 

of Clients we generally service, please see Items 4 and 7, respectively in our Part 2A Brochure.


Given my financial situation, should I choose an investment advisory service? Why or why not?
How will you choose investments to recommend to me?
What is your relevant experience, including your licenses, education and other qualifications?
What do these qualifications mean?


Item 3 – Fees, Costs, Conflicts, and Standard of Conduct What fees will I pay?

For investment advisory services, and with certain exceptions described in Item 5 of our Part 2A Brochure,

the annual fee is based upon a percentage of the total market value of assets placed 

under our management according to a tiered schedule ranging between 1% on the first $500,000, to 

0.40% for the value of all assets under management exceeding $4,000,001. Our negotiable fee for 

stand-alone financial planning and consulting services is either $200 per hour, or it ranges 

between $1,000 and $100,000 on a fixed fee basis. We either deduct our fees from one or more of 

your investment accounts or bill you for our services quarterly in advance. Because our fee is 

based upon assets under management, the more assets you designate for our management, the more you 

will pay for our services. Therefore, we may have an incentive to encourage you to increase the 

amount of assets that you designate for our management. However, under the fee schedule, as the 

value of assets under our management increases, the applicable fee percentage decreases 

incrementally at each tier.


Your account will be held with a qualified custodian. You will also be responsible for the fees and 

expenses charged by qualified custodians and imposed by broker dealers according to their fee 

schedules. Those fees and expenses include but are not limited to  transaction  charges,  wire 

transfer  and  electronic  fund  fees,  and  other  fees  and  taxes  on  brokerage  accounts,  

securities transactions, or maintaining an account. If your assets are invested in mutual funds, 

ETFs, or other registered and unregistered investment companies, you will bear your pro rata share 

of the investment management fees and other fees of the funds, which are  in addition to the  fees  

you  pay  us. These  fees  and expenses  are  described  in each fund’s prospectus or other  

offering documents. If your assets are allocated to unaffiliated independent investment managers, you will 

incur an additional charge for their services as stated in the separate agreement you sign with the 

independent investment managers. You will pay fees and costs whether you make or lose money on your 

investments. Fees and costs will reduce any amount of money you make on  your  investments  over  

time. Please  make  sure  you  understand  what  fees  and  costs  you  are  paying. For  more  

detailed information about our fees and costs related to our management of your account, please see 

Item 5 in our Part 2A Brochure.


Help me understand how these fees and costs might affect my investments. If I give you $500,000 to 

invest, how much will go to fees and costs, and how much will be invested for me?


What are your legal obligations to me when acting as my investment adviser? How else does your firm 

make money and what conflicts of interest do you have?

When we act as your investment adviser, we have to act in your best interest and not put our 

interest ahead of yours. At the same time, the way we make money creates some conflicts with your 

interests. You should understand and ask us about these conflicts because they can affect the 

investment advice we provide you. Here are some examples to help you understand what this means:

* Our firm and certain of our financial professionals may offer commission-based insurance 

products. This presents conflicts of interest,  because  we  or  they  can  recommend  that  you  

purchase  insurance  commission-based  products  based  upon  the compensation we or they will 

receive, rather than your individual need. You are not under any obligation to purchase those 

products.

* We may recommend that you engage a particular custodian from whom we receive support services. 

This presents a conflict of interest, because our receipt of their support makes us more inclined 

to continue using and recommending them.

* We may recommend rollovers out of employer-sponsored retirement plans and into Individual 

Retirement Accounts that we manage for an asset-based fee. If we don’t currently manage your 

account held with your employer’s plan, this will increase our compensation.


How might your conflicts of interest affect me, and how will you address them?


For more detailed information about our conflicts of interest, please review Items 4, 5, 10, 11, 12, and 14 of Part 2A Brochure.

How do your financial professionals make money?

Some of our financial professionals are compensated on a salary basis and are eligible to receive 

ongoing discretionary bonuses that  can  be  but  are  not  necessarily  based  on  the  

acquisition  of  new  clients  and  their  growth  of  assets.  Other  financial professionals are 

compensated based upon the amount of client assets that they manage on behalf of the firm. Finally, 

certain of our financial professionals are equity owners of the firm, who stand to receive a share 

of the firm’s profits. These payment structures  present  conflicts  of  interest,  as  they  could 

 incentivize  our  financial  professionals  to  recommend  that  you  place additional assets 

under our management. We mitigate that conflict by adhering to our fiduciary duty when making 

investment recommendations,  so  that  we  make  recommendations  in  conformity  with  each  

client’s  investment  objectives  and  savings strategy. You should discuss your financial 

professional’s compensation directly with your financial professional.


Item 4 – Disciplinary History

Do you or your financial professionals have legal or disciplinary history?

No.  We  encourage  you  to  visit  www.Investor.gov/CRS  for  free  and  simple  tools  to  

research  our  firm  and  our  financial professionals.


As a financial professional, do you have any disciplinary history? If so, for what type of conduct?


Item 5 – Additional Information

Additional information about our firm is available on the SEC’s website at www.adviserinfo.sec.gov

You may contact our Chief Compliance Officer to request a current copy of our Part 2A Brochure or 

our relationship summary. Our Chief Compliance Officer is available by phone at 215-376-5530.


Who is my primary contact person? Is he or she a representative of an investment adviser or 

broker-dealer? Who can I talk to if I have concerns about how this person is treating me?



A copy of our Form ADV Part 2A Brochure is available by selecting “Part 2 Brochures” at: https://adviserinfo.sec.gov/firm/summary/168777


I'm Ready To Thrive