Eric Wathen is a CFA-designated registered investment advisor at Provident Investment Management, INC., based in Novi, MI, with 10 years of industry experience. Eric operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 346 clients with $1.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.70% |
| $5M+ | 0.60% |
Fees are negotiable for client relationships of $10 million or more. Clients with Provident prior to July 1, 2022 are afforded a lower fee on the fixed income portion of their portfolio.
Fee Estimator
Location
39555 Orchard Hill Place, Ste 139, Novi, MI, 48375
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Eric is a member of L2 Investments, LLC, investing in publicly traded securities. This activity takes about 10-20% of his time, with minimal time spent during trading hours.
Employment History
Current Registrations
Provident Investment Management, INC.
Previous Registrations
Ameriprise Financial Services, INC.
Ameriprise Financial Services, INC.Broker
Raymond James & Associates, INC.Broker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.