Wealth Care
Wealth Care LLC is a fee-only Registered Investment Advisor founded in 2002, providing comprehensive financial planning and investment management to physicians, dentists, and high-net-worth families across the United States, with offices in Cocoa Beach, FL and Austin, TX.
- Company typePrivate
- Founded2002
- HeadquartersCocoa Beach, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Wealth Care does
Wealth Care LLC is a fee-only Registered Investment Advisor founded in 2002 by Steven D. Podnos (MD, MBA, CFP®) and headquartered in Cocoa Beach, Florida, with a secondary office in Austin, Texas. The firm delivers comprehensive financial planning and investment management to 200+ families nationwide, with a primary vertical specialization in physicians, dentists, and other healthcare professionals from residency through retirement. Adjacent service lines include tax planning consulting, asset protection, and estate planning, all delivered under a fiduciary, no-commission model.
The underlying operating model is service-led rather than technology-led: advisory delivery is hybrid, combining in-person consultations at the two physical offices with virtual service for clients in any U.S. state. Underlying methodology is described as evidence-based investing rather than market timing or active trading; no proprietary technology, patents, AI/ML capabilities, software product, or API surface is disclosed in the input data.
Revenue is generated on a recurring AUM-fee basis with a tiered schedule (1% on the first $1M, 0.5% on the next $2M, 0.25% on assets above $3M) and a $7,500 annual minimum. The firm holds no outside capital, has completed no funding rounds, and is privately held under Podnos family control. The team consists of three named CFP® professionals — founder Steven D. Podnos, Rachel Podnos O'Leary (JD, CFP®, joined 2014), and Lauren Podnos (CFP®, joined 2017) — backed by NAPFA membership and Steven Podnos's ongoing role as CFP Board ambassador since 2014. Distribution rests on thought leadership in medical-industry publications (Medical Economics, Physician's Practice), national media features (WSJ, NYT, U.S. News, Money, Barron's), and recurring Forbes Best-In-State Wealth Advisors recognition in 2020, 2021, and 2023.
Wealth Care firmographics
Firmographics- Name
- Wealth Care
- Legal name
- Wealth Care LLC
- Website
- https://wealthcarellc.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Wealth Care LLC is a fee-only Registered Investment Advisor founded in 2002, providing comprehensive financial planning and investment management to physicians, dentists, and high-net-worth families across the United States, with offices in Cocoa Beach, FL and Austin, TX.
- Ownership category
- akta.pro rank
Wealth Care industry classification
Industry- Product category
- Wealth Management Services
- NAICS
- Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Trusts, Estates, and Agency Accounts (52592)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
- akta.pro secondary industries
- Estate Planning, Trust Structuring & Governance (FSAAADAF), Trust & Estate Tax Planning & Compliance (FSAEAKAE)
Keywords
Where Wealth Care is headquartered
LocationHeadquarters
- HQ city
- Cocoa Beach
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Wealth Care business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Assets Under Management (AUM) Fees: Fee-only compensation model where the firm charges a percentage of assets under management. This creates aligned incentives between advisor and client, as the firm's revenue grows with client wealth. The tiered fee structure (1% / 0.5% / 0.25%) provides decreasing marginal rates for larger portfolios, encouraging deeper client relationships. No commissions, referral fees, or product-based compensation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | 1% on first $1M AUM |
| Subscription | Annual | 0.5% on next $2M AUM |
| Subscription | Annual | 0.25% on assets over $3M |
| Subscription | Annual | Minimum annual fee |
Go-to-market motion4 records
Distribution channels2 records
Marketing channels6 records
Wealth Care product offering
Product offeringCore offering
Wealth Care LLC is a fee-only Registered Investment Advisor that provides comprehensive financial planning and investment management services to individuals and families. The firm coordinates tax planning consulting, asset protection, and estate planning as part of long-term advisory partnerships, with a specialization in serving physicians, dentists, and other healthcare professionals from residency through retirement.
Product overview
Wealth Care LLC operates as a fee-only Registered Investment Advisor offering a unified suite of financial planning and investment management services. The core offering is Comprehensive Financial Planning & Investment Management, supported by Virtual Financial Services for nationwide remote delivery. The firm specializes in serving medical professionals (doctors and dentists) through dedicated specialized services. All offerings operate under a fee-only fiduciary model with no product sales or commissions. The company was founded in 2002 and currently advises over 200 families nationwide.
Differentiator
Problem solved
Functional benefit
Products and services
- Comprehensive Financial Planning & Investment Management
Companies that use Wealth Care
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Wealth Care technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Wealth Care partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- CFP BoardcoreSteven Podnos serves as an official CFP Board ambassador since 2014. CFP Board is the certifying body for Certified Financial Planners and the firm maintains active CFP certification for all advisors. This affiliation demonstrates professional standards and provides access to CFP Board resources and thought leadership.
- National Association of Personal Financial Advisors (NAPFA)coreWealth Care LLC is a member of NAPFA, the leading professional organization exclusively dedicated to the advancement of fee-only financial planning. NAPFA membership requires fee-only compensation structure and adherence to fiduciary standards.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Wealth Care competitors and assessment
Company assessmentOthers
- Kitces.com / Kitces Advisor Research: Industry research and education platform serving independent fee-only advisors, including those serving physicians and HNW clients. Not a competitor but a thought-leadency and operating-resource peer ecosystem for firms like Wealth Care.
Broad incumbents
- Vanguard Personal Advisor Services: Vanguard's hybrid robo-plus-human advisory service for mass-affluent and HNW investors. Targets similar fee-only, fiduciary-aligned investors who want low-cost portfolio management with planning add-ons.
- Fisher Investments: Large fee-based asset manager serving HNW retail clients. Targets some of the same affluent and retiree demographic as Wealth Care, but at vastly larger scale and with managed-account style portfolios rather than personalized planning.
- Merrill Lynch Wealth Management: Largest wirehouse wealth platform with dedicated programs targeting physicians and other professionals. Overlaps Wealth Care on physician clientele, HNW planning needs, and nationwide reach, though operates under a broader product-distribution model.
- Charles Schwab Wealth Advisory: Schwab's fee-based wealth advisory program targets mass-affluent and HNW households. Competes with Wealth Care for client relationships at the lower end of AUM, often leveraging scale and platform costs that small RIAs cannot match.
Direct peers
- The White Coat Investor: Dr. Jim Dahle's physician-focused financial planning brand and affiliated advisor network. Operates a fee-only, evidence-based model serving physicians nationwide — directly comparable to Wealth Care's niche specialization, content-led GTM and AUM-style advisory offering.
- Doctor Wealth / MD Wealth Partners: Boutique advisor firm serving physicians and dentists with holistic planning and investment management. Overlaps Wealth Care on physician specialization, fee-only fiduciary structure, and lifetime client relationship model.
- Polaris Financial Planning: Fee-only, virtual-first RIA working with young professionals and high earners on comprehensive financial planning. Comparable in fee-only model, virtual delivery, and planning-led engagement with HNW individuals.
Emerging players
- Facet Wealth: Flat-fee, virtual-first RIA serving HNW households across the U.S. Directly competes with Wealth Care for geographically unconstrained clients who prefer digital onboarding and transparent annual subscription pricing over AUM-based fees.
- Empower (formerly Personal Capital): Tech-enabled wealth advisory serving HNW clients with digital dashboards plus human advisors. Represents the type of digital-first competitor that pressures traditional boutique RIAs on convenience and price for physician and professional clients.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Wealth Care social profiles
Digital presenceWealth Care financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wealth Care leadership team
Management profileNumber of profiles
Profiles3 records
Wealth Care funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wealth Care M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wealth Care
What does Wealth Care do?
Wealth Care LLC is a fee-only Registered Investment Advisor that provides comprehensive financial planning and investment management services to individuals and families. The firm coordinates tax planning consulting, asset protection, and estate planning as part of long-term advisory partnerships, with a specialization in serving physicians, dentists, and other healthcare professionals from residency through retirement.
Is Wealth Care a public or private company?
Wealth Care is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Wealth Care founded?
Wealth Care was founded in 2002. It employs 1 to 10 people.
Where is Wealth Care based?
Wealth Care is headquartered in Cocoa Beach, United States, in the North America region.
How does Wealth Care make money?
One revenue line is on record: assets Under Management (AUM) Fees.
Who are Wealth Care's main competitors?
Kitces.com / Kitces Advisor Research is listed as an others. Broad incumbents are Vanguard Personal Advisor Services, Fisher Investments, Merrill Lynch Wealth Management and Charles Schwab Wealth Advisory. Direct peers are The White Coat Investor, Doctor Wealth / MD Wealth Partners and Polaris Financial Planning. Emerging players are Facet Wealth and Empower (formerly Personal Capital).
Does Wealth Care have an API?
No public API is recorded for Wealth Care.
What industry is Wealth Care in?
Wealth Care's product category is Wealth Management Services. Its primary akta.pro industry code is FSAEABAA, Registered Investment Advisor (RIA) Wealth Management, with a secondary code of FSAAADAF, Estate Planning, Trust Structuring & Governance. Its NAICS code is 52394 and its SIC code is 6282.