- WELCOME -
Hello! Thank you for stopping by.
We are Harkins Wealth Management, a financial planning and investment management firm in Providence, Rhode Island.
We strongly believe that financial planning is at the core of our relationship with our clients. What does that mean? We want to know all about you, the goals you have, and where you want to go. Our clients’ needs are varied: some are focused on retirement, some want to open a business, others want to give to the causes they love, and we have clients who want to have options for the next phase of their life.
Our motto is really what drives our relationship and financial planning process with you: Life. Money. Balance both.
We want you to feel like you can live your life, all while using your money in the best possible way. Life isn’t about black and white choices. It is about balance. And making each step of achieving your goals work for you. We are here to support you, and help you find the best balance in your unique situation.
When you work with us you will find that we are different. Our practice focuses on friendship, community, sustainability, transparency, and on being a lifelong financial partner.
And yes, we do have experience. All together, we share over 40 years of combined experience in the financial services world. Over our careers we have been lucky enough to have partnered with our clients as they move from single adults to marriage, to homeownership, having children, sending them off to college, and all the way through retirement.
We always welcome questions and offer free consultations. We also provide fee-based financial planning outside of investment management. Click here to schedule a time that works for you!
Check the background of investment professionals associated with this site on FINRA’s BrokerCheck.
Making Your Money Matter. Sustainable. Responsible. Impact.
“Remember, remember always, that all of us, and you and I especially, are descended from immigrants and revolutionists.” ~ Franklin D. Roosevelt
This quote is a reminder of our country’s make-up and resonates with everyone in some capacity. For us, Rick’s hip replacement a few summers ago limited our cycling, and in its place we have spent time exploring our family trees. As we traced our roots we found pieces of information like small bits of gold. Michelle found her mother’s naturalization application to become a US citizen. Her family history goes back hundreds of years in Mexico. Tracing back Rick’s family lead to Plymouth and then Suffolk, England. We discovered Civil War draft papers, captains, shipbuilders, and farmers.
All of this has led us to reflect on how it is possible, in this generation, to have a beautiful mixture of rich cultures that would never have met in the past. We wonder how each side of our families felt landing on a new shore and building a life in a strange country. It has also confirmed our viewpoint that diversity, social justice, and being positively impactful in our life and business is a key principle for us. Investing with your values is not a new concept, and was a practice carried out by those in the New World who opposed slavery and smuggling.
Today, there are more options than ever for those of us who want to support socially conscious, sustainable, and ethical business practices, women in leadership, gender equality, and projects that encourage positive environmental benefits.
So what exactly is the idea behind socially responsible investing? First, it is good to know that it comes with many names: SRI (socially responsible investing), ESG (environmental, social, and governance factors), Impact Investing, and Responsible Investing. And it can encompass a wide range of parameters. You can exclude investments or look to actively include investments. Traditionally tobacco, gambling, and firearms have been excluded in the narrow definition of socially responsible investing. Today it is less about excluding and more about including and supporting companies that have women in leadership, family friendly policies, positive environmental practices, and governance structures that are diverse and inclusive. It is making an impact through investing.
It is a way to make your voice heard and with enough voices, create change.
Are We Fiduciaries?
At Harkins Wealth Management we act as a fiduciary while managing clients' assets, which is the highest standard of care in the financial services industry. Our belief is that at HWM we must act in our clients’ best interests. We put our clients’ interests before our own by:
- Acting in good faith and providing all relevant facts to clients;
- Mitigating conflicts of interest and disclosing any potential conflicts of interest to clients; and,
- Doing our best to ensure that the advice we provide is accurate and thorough;
We are given discretionary authority by our clients over their assets allowing us to buy and sell securities on our clients’ behalf without their express consent before each trade. This allows us to react quicker to changes in the market and perform rebalancing to align portfolios with each clients’ specific investment strategy, risk tolerance and time frame. Because of this discretionary authority, we are held to a higher standard than non-fiduciary advisors.
What is a fiduciary?