Thrive Wealth Management, LLC
Thrive Wealth Management, LLC is a Pennsylvania-based SEC-registered investment advisory firm founded in 2013 and headquartered in Audubon, PA. The firm is principally owned by Stephen Erfle and Michael Ptaszenski and provides investment management, retirement plan consulting, and financial planning services mainly to individuals, high net worth individuals, and select organizations. Thrive employs around 15 staff and prides itself on a fiduciary, transparent, and client-focused approach. The firm manages over $1.3 billion in assets as of February 2025 and serves primarily US-based clients.
Investment Strategy
Thrive Wealth Management adopts a diversified investment approach tailored to individual client goals, emphasizing long-term and short-term purchases based on fundamental and technical analysis. The firm utilizes model portfolios and may allocate assets to independent managers, aligning strategies with each client's objectives and risk tolerance. Thrive's portfolios incorporate a broad selection of equities and ETFs, with top holdings in large-cap growth and value ETFs and leading public companies. The firm does not participate in wrap fee programs or accept performance-based fees and regularly reviews accounts for alignment with client goals, focusing on prudent risk management—including market, credit, and interest rate risks.
Top Holdings
Equity Positions (238)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SCHG | SCHWAB STRATEGIC TR | 23.91% | $158.5M | 4,968,190 | $19.16 | $31.91 | +$10.2M |
V VTV | VANGUARD INDEX FDS | 22.54% | $149.4M | 801,260 | $142.04 | $186.49 | +$12.5M |
S SPY | SPDR S&P 500 ETF TR | 3.35% | $22.2M | 33,373 | $443.04 | $666.18 | +$1.3M |
V VUG | VANGUARD INDEX FDS | 2.23% | $14.8M | 30,812 | $268.26 | $479.61 | +$1.3M |
A AAPL | APPLE INC | 2.21% | $14.7M | 57,585 | $191.30 | $254.63 | +$3.1M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | New | Call | $221.1K | 39 | $666.18 | $666.18 | +39 | +$221.1K |