We are fiduciaries, obligated to act in the best interests of our clients. Our Personal Money Management strategy and Results through Research™ approach have rewarded our clients with meaningful wealth creation over the long term.
The best way to build and maintain wealth is to invest in growing businesses. Owning stock in these businesses gives every investor the opportunity to participate in long-term economic growth and innovation.
Most investors also require a degree of safety, insulated from the short-term whims of the stock market. This can take the form of bonds, money markets, cash, or certificates of deposit (CDs). We call this an investor’s “security fund,” tailored to income needs and return expectations.
Provident believes that faithful adherence to the facts produces the best results. We spend most of our time making first-hand evaluations of our clients’ holdings, while closely monitoring new investment opportunities. Our portfolio managers are Chartered Financial Analysts (CFA®), the globally recognized standard in the investment profession.
Our clients do not pay layers of fees for sub-advisors or consultants. We keep all our investment research and portfolio management in-house. Provident clients never pay for “soft-dollar” compensation arrangements. We earn our fee by practicing Personal Money Management for you, and we grow our business by growing your assets.
For combined values of $500,000 or more, the fee is calculated as 1% per year of the first million, 0.8% of the amount from $1 million to $3 million, 0.7% of the amount from $3 million to $5 million, and 0.6% of the amount over $5 million.
Growth at Reasonable Prices
We seek companies positioned to grow faster than the economy, but only when we can buy them at fair valuations. We're not interested in paying premium prices for popular stories—we want good businesses at reasonable prices.
Long-Term Focus
Our typical holding period is 3-5 years, not 3-5 months. This patient approach lets winners compound, minimizes taxes, and avoids the transaction costs of constant trading. We're building wealth, not generating activity.
Quality Over Popularity
We look for companies with competitive advantages, strong management teams, healthy balance sheets, and shareholder-friendly policies. These qualities matter more than whatever sector is currently fashionable.
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Fiduciary wealth management for families building long-term wealth through individual stock selection and truly personal service.
