Provident Investment Management, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Provident Investment Management serves individual and institutional clients — including high net worth individuals, trusts, estates, pension and profit-sharing plans, and charitable organizations — by providing discretionary and non-discretionary investment advisory services, portfolio management, and limited financial planning as part of its advisory relationship. The firm also offers management of “held-away” accounts (401(k)s, HSAs, annuities, 529 plans) through the Pontera platform and advises clients on implementation while custodial services are provided primarily through Charles Schwab.
Provident’s investment process is a fundamental, bottom-up approach that emphasizes individual security research and active portfolio construction, with separate strategies for growth equities, a Dividend Total Return strategy, laddered fixed income, and occasional fixed income alternatives. Accounts are monitored continuously, with clients receiving quarterly account statements and periodic personal letters, as well as a monthly “Investment Comments” publication discussing the firm’s market views and portfolio changes.
Compared with many peer teams, Provident manages a relatively large asset base for its size — roughly $1.13 billion across five advisors — and the brochure emphasizes performance-oriented goals (including the stated aim to “beat the market”) alongside client reporting and commentary, which the firm distributes to clients. The firm’s use of the Pontera order-management platform to integrate and rebalance held-away workplace accounts, its practice of seeking internal cross prices for fixed-income trades, and limited proxy-voting activity (handled by custodians except for one institutional client) are additional operational features that distinguish it from many peers.
Client services
Expertise
Fee options
$0 - $1,000,000: 1.0% per year $1,000,000 - $3,000,000: 0.8% per year $3,000,000 - $5,000,000: 0.7% per year $5,000,000+: 0.6% per year
Account minimum: $500,000 Fee-only: Fee only basis; no commissions or other compensation
Main office
39555 Orchard Hill Place Suite 139, Novi
Novi MI 48375
Advisors at this office
4
Most active in
Alabama · Arizona · California · Colorado · Florida · Georgia · Illinois · Indiana · Massachusetts · Michigan · Nebraska · New Hampshire · New York · North Carolina · Ohio · Oregon · Tennessee · Texas · Virginia · Washington
Also doing business as
Provident Investment Management, Inc. · Seger Elvekrog Inc
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
James S
CFA®, Series 63
Novi, MI
Provident Investment Management, Inc.
James Skubik is a CFA® charterholder with four years of industry experience. He has been with Provident Investment Management, Inc. since 2017 and previously worked at Long Lake Capital Management, LLC from 2015 to 2017. Provident Investment Management provides discretionary portfolio management to individuals, trusts, pension and profit-sharing plans, charitable organizations, and other entities. The firm employs a fundamental, bottom-up investment approach with distinct strategies for growth equities, dividend total return, and laddered fixed-income portfolios, managing approximately $1.23 billion for about 349 clients.
Eric W
CFA®, Series 66
Novi, MI
Provident Investment Management, Inc.
Eric Wathen is a CFA® charterholder and holds a Series 66 license with 10 years of industry experience. He is currently with Provident Investment Management, Inc., where he has worked since 2023. Prior to that, he was with ESW Management Services, LLC from 2018 to 2023 and Ameriprise Financial Services, Inc. from 2015 to 2018. Provident Investment Management provides discretionary portfolio management to individuals, trusts, estates, pension and profit-sharing plans, and charitable organizations. The firm employs a fundamental, bottom-up investment process focused on individual securities and manages approximately $1.23 billion for about 349 clients.
Miles P
CFA®, Series 65
Novi, MI
Provident Investment Management, Inc.
Miles Putnam is a CFA® charterholder with 15 years of industry experience, currently serving at Provident Investment Management, Inc. since 2010. He holds the Series 65 designation and works out of Novi, MI as part of a six-advisor team. Provident Investment Management provides discretionary portfolio management to individuals, trusts, estates, pension and profit-sharing plans, charitable organizations, and other entities. The firm employs a fundamental, bottom-up investment approach focused on individual securities, managing approximately $1.23 billion for about 349 clients.
Daniel B
CFA®
Novi, MI
Provident Investment Management, Inc.
Daniel Boyle is a CFA® charterholder with 16 years of industry experience. He has been with Provident Investment Management, Inc. since 2004. Provident Investment Management serves individual and institutional clients, including high net worth individuals, trusts, estates, pension and profit-sharing plans, and charitable organizations. The firm uses a fundamental, bottom-up investment approach focused on active portfolio construction and offers a range of strategies alongside management of held-away accounts through the Pontera platform.
Not sure where to start?
We'll help you think it through—whether you ultimately need an advisor or not. Warmer helps you compare advisors clearly, so you can choose with confidence.
For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Advisors are independent and may not have reviewed or updated this information. Please review an advisor’s Form ADV and do your own diligence before deciding whether to work with them.
Advisor matching and introductions are provided by FinanceHQ LLC (“FHQ”), a wholly-owned subsidiary of Warmer and an SEC-registered investment advisor. We receive compensation from certain participating advisors for introductions or referrals. This creates a conflict of interest because we have an incentive to recommend advisors who compensate us, including those who pay us more. You pay no fee to use our matching service, and advisor fees are not increased because of a referral or introduction. We do not review the ongoing performance of advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.
By using our service, you agree to our Terms of Service and Advisory Agreement, and acknowledge our Privacy Policy. Please review FHQ’s ADV Part 2A and Form CRS. Logos provided by Logo.dev
© 2026 Warmer Holdings Inc. (“Warmer”)