Tenet Wealth Partners

What Tenet Wealth Partners does

Tenet Wealth Partners is a fee-only, fiduciary registered investment advisor founded in 2021 and headquartered in Champaign, Illinois. The firm delivers integrated financial planning and wealth management under a single transparent fee structure, covering cash flow, retirement, tax, estate, insurance, and investment management. Its proprietary "Household Alpha" framework is designed to capture measurable value beyond portfolio returns through tax minimization, cost savings, and risk mitigation, supported by a hybrid investment approach that blends strategic (passive/indexed) and tactical (active, diversifying) allocations.

The firm's client base is diversified across nine segments, with a primary vertical focus on healthcare professionals (physicians and dentists), and additional segments including business owners, university employees, high-income professionals, empty nesters, multigenerational high-net-worth families, corporate retirement plans, and institutional clients (corporations and non-profits). Service delivery is direct-to-client via scheduled consultations, with intentionally limited client-to-advisor ratios to support personalization. The firm operates across 12 states from a single Champaign office and runs on an institutional technology stack: eMoney for financial planning and client portal, Orion for portfolio management and reporting, BNY Mellon Pershing for custody ($37T under custody globally), and tru Independence for back-office operational and compliance support.

The firm is privately held and 100% employee-owned by co-founders Kevan Melchiorre and Kyle Wetters, both CERTIFIED FINANCIAL PLANNER professionals with prior tenures at Busey Wealth Management and Goldman Sachs. As of 2024 the team comprises four people: the two co-founders, an Associate Wealth Advisor, and a Client Service Associate. Revenue is generated exclusively through subscription-style advisory fees billed annually, with no commissions or product-related compensation.

Name

Tenet Wealth Partners

Legal name

Tenet Wealth Partners, LLC

Website

https://tenetwealthpartners.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Tenet Wealth Partners is a fee-only fiduciary RIA in Champaign, IL, founded in 2021, delivering integrated financial planning and wealth management to individuals, families, and institutions across 12 states, with a primary focus on physicians, dentists, and business owners.

Ownership category

akta.pro rank

Product category

Wealth Management and Fiduciary Financial Advisory

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Financial Planning–Led RIAs (FSAAACAB)

akta.pro secondary industries

Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF), Retirement Plan Participant Advice & Managed Accounts (FSAEABAF), Tax-Focused Wealth Management RIAs (FSAAACAD)

Keywords

• Fee-only financial planning
• Fiduciary wealth advisory
• Investment management services
• Retirement planning services
• Estate and tax planning

Headquarters

HQ city

Champaign

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Investment Advisory Fees: Fee-only fiduciary model where the firm is compensated solely by clients for advice and services provided. Does not earn commissions or other sales-related compensation. Costs are transparent, competitive, and tiered, starting below industry average with no hidden costs. All financial planning and family-oriented services are included under one transparent cost structure.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Tenet Wealth Partners is a fee-only fiduciary registered investment advisor that delivers integrated financial planning and wealth advisory services to individuals, families, and institutional clients. Its core offering unifies Core Financial Planning, Investment Management & Advisory, Retirement Planning, Tax Planning, Estate Planning, Cash Flow Planning, Life Insurance & Long-Term Care Planning, the proprietary Household Alpha advanced-planning approach, Strategic Wealth Advisory & Family Office services, and Corporate Retirement Plan advisory under one transparent tiered fee structure.

Product overview

Tenet Wealth Partners is a next-generation financial planning and wealth advisory firm offering a unified, integrated suite of services under one transparent cost structure. The core offering consists of Core Financial Planning that serves as the foundation, supported by specialized Investment Management & Advisory (incorporating Household Alpha for measurable value beyond portfolio returns), Retirement Planning Services, Tax Planning, Estate Planning, Cash Flow Planning, Life Insurance & Long-Term Care Planning, and Strategic Wealth Advisory & Family Office for high-net-worth clients. The firm also offers specialized Corporate Retirement Plan services and focuses on serving specific clientele including physicians, dentists, business owners, university employees, and multigenerational families.

Differentiator

Problem solved

Functional benefit

Products and services

• Core Financial Planning Comprehensive financial planning service encompassing key areas of the client's financial picture including cash flow planning, retirement planning, investment planning, tax planning, estate analysis, and insurance planning; offered to individuals and families under one integrated cost structure.
• Investment Management & Advisory Full-service in-house investment management solution including goal-based portfolio construction, optimized diversification, tax-aware investing, direct-indexed US Large Cap Stock Strategy, alternative private investment opportunities, equity compensation planning, and values-based portfolio customization; offered to individuals and families as a fee-only service.
• Retirement Planning Services Retirement planning service covering retirement goals assessment, retirement plan savings maximization, tax-efficient distribution strategies, qualified retirement plan review, RMD strategies, Roth IRA conversion planning, and business retirement plan options (401K, 403B, 457, Cash Balance Pension Plans); offered to individuals and business owners.
• Tax Planning Tax planning service including tax-efficient investment strategies, Roth conversion planning, charitable giving strategies, tax bracket management, tax-qualified account funding, deductions and credits analysis, equity compensation planning, and executive compensation structuring; offered to individuals and high-income professionals.
• Estate Planning Estate planning service including document review, beneficiary and account ownership review, insurance needs analysis, family gifting strategies, business succession planning, charitable giving techniques, trust planning, and estate tax planning; offered to individuals, families, and business owners.
• Cash Flow Planning Cash flow planning service including emergency fund establishment, retirement income planning, savings strategies for secondary education and retirement, spending goal analysis, liability payoff strategies, and prioritization of cash flows; offered to individuals and families.
• Life Insurance & Long-Term Care Planning Insurance needs assessment and analysis, current policy review, estate liquidity strategies, and asset protection planning to ensure appropriate coverage for income, debts, and other expenses; offered to individuals and families.
• Household Alpha Proprietary advanced-planning approach designed to capture measurable value beyond investment portfolio returns through tax minimization (tax-loss harvesting, asset location, tax-efficient distribution strategies), cost savings (insurance cost-benefit analysis, investment cost management), and risk mitigation (life insurance needs analysis, long-term care insurance needs analysis, asset protection strategies); offered to individuals and families.
• Strategic Wealth Advisory & Family Office Private wealth advisory service for high-net-worth individuals and families including estate & gift tax planning, trust services, philanthropic planning (Donor Advised Funds, Private Foundations), private investments (hedge fund & private equity opportunities), personal CFO services, executive compensation planning, private banking, and family education & next generation planning.
• Corporate Retirement Plans Corporate retirement plan advisory for traditional 401(k), 403(b), SIMPLE IRA, SEP IRA, and Cash Balance Pension Plans with fiduciary oversight (3(21), 3(38), 3(16) services), participant guidance and education, plan health and cost reviews, and investment research and due diligence; offered to employer plan sponsors.

Quantifiable outcome

• Household Alpha approach delivers measurable value beyond investment portfolio returns by focusing on tax minimization, cost savings, and risk mitigation.
• +2 more outcomes

Named customers10 records

Segments9 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• BNY Mellon PershingcoreTechnology or IntegrationWorld-class custodian for safeguarding client assets. Pershing custodies $820 billion in fiduciary assets and is the world's largest custodian with $37 trillion in assets under custody. Provides high-level cybersecurity, safety, and security of client assets. Pershing's private banking services, depository and lending solutions, and open-architecture platform align with Tenet's client-first service model.
• tru IndependencecoreTechnology or IntegrationA $12.5 billion advisory platform (as of 12/31/25) based in Portland, Oregon, providing Tenet with operational, compliance, technology, and practice-management support to grow and manage their practices.
• eMoneycoreTechnology or IntegrationInnovative financial planning platform and client portal allowing clients to view their entire financial life and plan in one place.
• OrioncoreTechnology or IntegrationPowerful and intuitive investment platform delivering best-in-class performance reporting and portfolio management solutions.
• BNY MelloncoreTechnology or IntegrationParent company of Pershing. Has over $2 trillion in global client assets under custody. World-class custodian infrastructure providing security and scale for client assets.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Kochis Fitz Quantitative Wealth Management: Fee-only RIA offering goal-based financial planning and investment management to HNW individuals and retirees. Similar mid-sized, planning-led RIA model with comparable client segments to Tenet.
• Buckingham Wealth Partners: Fee-only RIA focused on comprehensive financial planning for HNW individuals and families with similar emphasis on tax planning, retirement, and evidence-based investing. Closely matches Tenet's planning-led model and small-to-mid RIA structure.
• Carson Wealth (part of Mariner): Fee-only RIA built on a coaching and practice-management platform for financial advisors, serving HNW clients with integrated planning. Highly comparable business model; tru Independence is in the same OSJ/RIA platform ecosystem as Carson-affiliated partners.

Broad incumbents

• Creative Planning: One of the largest independent fee-only RIAs in the U.S., serving HNW clients with comprehensive financial planning, investment management, and tax services. Directly comparable business model to Tenet (fee-only fiduciary, CFP-led, integrated planning), but at substantially greater scale and national footprint.
• Moneta Group: Independent fee-only RIA providing comprehensive financial planning, investment management, and family office services. Comparable integrated planning approach and fee-only fiduciary positioning, but at significantly larger scale.
• Edelman Financial Engines: Large fee-only RIA offering comprehensive financial planning and investment management to HNW households. Comparable fiduciary, planning-led model and channel mix (media presence, employer-sponsored plans), but at much greater scale and brand recognition.
• Wealth Enhancement Group: Fee-only wealth management firm offering financial planning, investment management, and tax services with a national footprint built through advisor acquisitions. Comparable fee-only fiduciary model; provides a relevant 'what-success-looks-like' benchmark for an independent RIA scaling through M&A.
• Mariner Wealth Advisors: Large national RIA offering comprehensive wealth advisory, retirement plan services, and family office solutions. Comparable fee-only fiduciary model with strong vertical specializations, but operates at much greater scale than Tenet.
• Schwab Wealth Advisory (Charles Schwab): Schwab's in-house fee-based advisory service offering financial planning and portfolio management through CFP-credentialed advisors. Represents the large-incumbent alternative in the same fee-based advice market Tenet competes in.

Emerging players

• Facet Wealth: Tech-enabled fee-only RIA offering financial planning and investment management to HNW clients via a remote advisory model. Represents a digitally native, emerging approach to the same fee-only planning market Tenet serves with a traditional high-touch model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/tenetwealthpartners
• LinkedInlinkedin.com/company/tenetwealthpartners

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tenet Wealth Partners