Provident Investment Management is a money management firm founded in 1981 that specializes in managing portfolios of individual securities, including growth stocks, dividend-paying stocks, and fixed income investments like bonds. Provident Investment Management aims to grow client portfolios and outperform the broader stock market through fundamental research and direct stock selection. The firm provides discretionary and non-discretionary investment advisory services to individuals, trusts, estates, and other entities. While investment management is the primary focus, financial planning and consulting services can be included upon request as part of the standard advisory fee, though Provident Investment Management does not handle tax return preparation or estate document drafting. Provident Investment Management requires a minimum investment of $500,000 and primarily recommends Charles Schwab & Co. as the custodian for client assets.
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. Grandfathered clients prior to July 1, 2022, may receive a lower fee on the fixed income portion of their portfolio.