Company Information

Get to know Providence Asset Management

Providence Asset Management was an Australian financial services company, part of the broader Providence Asset Group (PAG). The company's primary business was to raise funds from wholesale and sophisticated investors, promising attractive returns through investments in a portfolio of renewable energy assets, with a significant focus on solar farms across Victoria and New South Wales. The firm collapsed in 2021 and was placed into administration and subsequently liquidation, leading to significant investor losses and regulatory investigations.

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Providence Asset Management

United States

Founded in

2013 (13 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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ASIC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.