Provident Trust Company is a large advisory firm based in Waukesha. It manages $3 billion of regulatory assets for 1,170 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 4 other states.
Provident Trust Company provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Provident Trust Company is $3 billion. The firm's AUM has grown by 834% since the beginning of its operation, and $38.69 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Provident Trust Company for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of James Scott Harkness is high net worth individuals with 907 clients and $2.48 billion of assets under management. Among the 6 most similar advisory firms, Provident Trust Company has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $3 billion for 1,167 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Provident Trust Company doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 15 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
James Scott Harkness has been acting as President since 1 Oct 2000. J. Scott And Genevieve Harkness Living Trust Dtd 5/11/15 joined the executive team most recently as the Shareholdder.
The principal office where Provident Trust Company performs its advisory services is located at N16 W23217 Stone Ridge Drive, Waukesha, WI 53188 1199, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 262-521-2300 or by fax 262-521-2301. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at provtrust.com/.