Provident Trust Company
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$5,809,385,842
Clients
992
Advisors
5
of 12 employees
About
Provident Trust Company provides discretionary portfolio management and trust services to a broad mix of clients, including individuals (both retail and high-net-worth), trusts and estates, foundations, and investment companies. It also serves as adviser to an open-end mutual fund (the Provident Trust Strategy Fund) and acts as a model portfolio adviser for unified managed account programs.
The firm follows a multi-cap core growth equity strategy described as “Growth at Reasonable Prices,” typically running focused equity portfolios with fewer than 25 U.S. securities and supplementing fixed income exposure with ETFs and individual bonds. Portfolio construction is bottom-up, emphasizes revenue and earnings strength, and includes the ability to adjust equity, cash and bond concentrations in response to market risk; most services are provided on a discretionary basis.
Provident operates as a State of Wisconsin‑chartered trust company in addition to its registered investment adviser role, a combination that is uncommon among peers and results in trustee and custodial services alongside investment management. The firm manages a mutual fund and provides portfolio management for investment-company clients while supporting nearly 1,000 client relationships and roughly $6.9 billion in assets with a compact, five-person advisor team, and it focuses on investment and trust services rather than ongoing financial planning.
Client services
Expertise
Fee options
$0 - $3 million: 1.00% annually (for individually managed accounts under $100,000) $0 - $3 million: Not explicitly stated, but standard minimum client relationship is $3 million with graduated fees starting at 0.80% $0 - $3 million: (implied tier, although accounts under $3 million generally not accepted individually) $0 - $3 million: (minimum individually managed client relationship is $3 million; smaller accounts may be aggregated) $0 - $3 million: some individual accounts less than $100,000 charged 1.00% $0 - $3 million: (minimum $3 million for individually managed client relationships) $0 - $3 million: (accounts less than $100,000 charged 1.00%) $0 - $3 million: accounts aggregated for fee purposes, graduated schedule below applies starting at $3 million $0 - $3 million: not clearly defined for below $3 million individually $0 - $3 million: 1.00% for individually managed accounts under $100,000 $0 - $3 million: (minimum $3 million except for smaller accounts aggregated) $0 - $3 million: (minimum $3 million, fee tiers apply to aggregated accounts) $0 - $3 million: 1.00% for accounts under $100,000 even if part of larger relationship $0 - $3 million: minimum $3 million for individually managed accounts $0 - $3 million: 1.00% for individual accounts under $100,000 $0 - $3 million: minimum $3 million for individually managed client relationships $0 - $3 million: 1.00% for accounts under $100,000 $0 - $3 million: minimum $3 million $0 - $3 million: 1.00% for individually managed accounts under $100,000 $0 - $3 million: minimum $3 million $0 - $3 million: 1.00% for accounts under $100,000 $0 - $3 million: minimum $3 million $0 - $3 million: 1.00% for accounts under $100,000 $0 - $3 million: minimum $3 million $0 - $3 million: 1.00% for accounts under $100,000 $0 - $3 million: minimum $3 million $0 - $3 million: 1.00% for accounts under $100,000
Account minimum: $3 million Fee-only: Graduated tiered fees as described below
Main office
N16 W23217 Stone Ridge Drive, Suite 310
Waukesha WI 53188-1199
Advisors at this office
5
Most active in
Arizona · California · Colorado · Connecticut · Florida · Georgia · Illinois · New York · North Carolina · Pennsylvania · Texas · Washington · Wisconsin
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Trust company
They provide trust and estate administration services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Michael S
CFA®, Series 63
Waukesha, WI
Provident Trust Company
Michael Schelble is a CFA® charterholder with 27 years of industry experience. He has been with Provident Trust Company in Waukesha, WI since 1999. Provident Trust Company provides investment advisory, fiduciary, and custody services to a diverse client base that includes individuals, trusts, estates, corporations, and investment companies. The firm employs a multi-cap, "Growth at Reasonable Prices" equity discipline with focused portfolios and balanced strategies, combining bottom-up stock selection with top-down economic forecasts.
Paul B
Series 63, Series 65
Waukesha, WI
Provident Trust Company
Paul Baures is a financial advisor at Provident Trust Company with 22 years of industry experience. He holds Series 63 and Series 65 credentials and has been with Provident Trust Company since 2020, alongside his ongoing role at Broadview Advisors, LLC since 2001. Provident Trust Company provides investment advisory, fiduciary, and custody services to a diverse client base, including individuals, trusts, estates, corporations, and investment companies. The firm employs a multi-cap, “Growth at Reasonable Prices” equity discipline, focusing on concentrated U.S. equity portfolios complemented by balanced strategies and fixed-income exposure, with most accounts managed on a discretionary basis.
James H
CFA®
Waukesha, WI
Provident Trust Company
James Harkness is a CFA® charterholder with 27 years of industry experience. He has been with Provident Trust Company since 1999. Provident Trust Company provides investment advisory, fiduciary, and custody services to a diverse client base including individuals, trusts, estates, corporations, and investment companies. The firm employs a multi-cap, "Growth at Reasonable Prices" equity strategy, focusing on concentrated portfolios complemented by balanced and fixed-income exposures.
Thomas T
Series 65
Waukesha, WI
Provident Trust Company
Thomas Tuttle Jr. is a financial advisor at Provident Trust Company in Waukesha, WI, with 14 years of industry experience. He holds a Series 65 designation and has been with Provident Trust Company since 2010. Provident Trust Company provides investment advisory, fiduciary, and custody services to a diverse client base including individuals, trusts, estates, corporations, and investment companies. The firm employs a multi-cap, “Growth at Reasonable Prices” equity strategy, managing focused portfolios alongside balanced and fixed-income exposures, and offers discretionary portfolio management.
Lee W
Series 63, Series 65
Waukesha, WI
Provident Trust Company
Lee Wolcott is a financial advisor at Provident Trust Company in Waukesha, WI, with 24 years of industry experience. He holds Series 63 and Series 65 designations and has been with Provident Trust Company since 2001. Provident Trust Company provides investment advisory, fiduciary, and custody services to a diverse client base, including individuals, trusts, estates, corporations, and investment companies. The firm employs a multi-cap, “Growth at Reasonable Prices” equity strategy and manages focused portfolios typically containing fewer than 25 U.S. securities, complemented by balanced strategies and fixed-income exposure.
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