Introducing Stephanie Petersen

I would like to introduce myself as the newest member of the Provident team.  I have had the pleasure of already meeting some of our clients and look forward to meeting more in the future. Growing up, I loved a good challenge.  I challenged myself with strategic, logical, and mathematical […]

July Investment Comments

The unemployment rate fell to 4.3% in the most recent Bureau of Labor Statistics release.  A tightening labor market ought to push wages higher, but average hourly wage growth remains subdued at around 2.5%.  This keeps a lid on consumer spending and, in turn, also keeps inflation in check. Low […]

Buyer Beware

Yellow flags abound when making even a cursory review of annuities: Anything that uses two sets of books is immediately suspect. Would you invest in something that calls the return a “roll-up rate” instead of an interest rate? Would you invest in something that has a 12% surrender charge as […]

Interest Rates and Oil

By the time you receive this month’s Investment Comments, you have probably learned there is finally a new chapter in the multiyear drama over interest rates.  The Federal Reserve last raised rates in 2006, cutting them down to zero in 2008 at the height of the financial crisis.  Rates have […]