Provident Advisors LLC is a large advisory firm based in Plymouth. It manages $234.92 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Minnesota.
Provident Advisors provides portfolio management for pooled investment vehicles, selection of other advisers, and portfolio management for hedge funds. 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 Advisors LLC is $234.92 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Provident Advisors LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 only and largest group of clients of Provident Advisors is pooled investment vehicles with 1 clients and $234.92 million of assets under management. Among the 9 most similar advisory firms, Provident Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $234.92 million for 1 clients. None of the firm’s clients are foreign persons or businesses.
Provident Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 6 people that are either part- or full-time employees. 17 percent of the employees work as investment advisers or researchers. No 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.
Irvin Robert Kessler has served as the Chief Investment Officer since 1 Feb 2002. James Krusell Moeller joined the executive team most recently as the Chief Administrative Officer And General Counsel.
The principal office where Provident Advisors LLC performs its advisory services is located at 2800 Niagara Lane, Plymouth, MN 55447, 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 952-345-5200 or by fax (952) 345-5230. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.