Provident Financial Planning provides financial planning and portfolio management for individuals and small businesses.
Provident Financial Planning reports 72 clients. They include 57 high-net-worth individuals, 13 individual clients and 1 charitable organization. Of its assets, 100.0% ($174M across 343 accounts) are managed with discretion. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 18% | 4% |
| High-net-worth individuals | 79% | 93% |
| Charitable organizations | 1% | <1% |
| Corporations and other businesses | 1% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 13 | $7.06M | 4.1% | $543K |
| High-net-worth individuals | 57 | $163M | 93.3% | $2.85M |
| Charitable organizations | Fewer than 5 | $129K | 0.1% | $129K |
| Corporations and other businesses | Fewer than 5 | $4.4M | 2.5% | $4.4M |
| Total | 72 | $174M | 100% | — |
- Clients
- 13
- Regulatory AUM
- $7.06M
- AUM share
- 4.1%
- Avg. per client
- $543K
- Clients
- 57
- Regulatory AUM
- $163M
- AUM share
- 93.3%
- Avg. per client
- $2.85M
- Clients
- Fewer than 5
- Regulatory AUM
- $129K
- AUM share
- 0.1%
- Avg. per client
- $129K
- Clients
- Fewer than 5
- Regulatory AUM
- $4.4M
- AUM share
- 2.5%
- Avg. per client
- $4.4M
Total
- Clients
- 72
- Regulatory AUM
- $174M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Provident Financial Planning charges 0.65%–1.00% a year for its Asset Management Fee Schedule. The fee is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Estate Planning Coordination
- Estate planning document coordination through the firm's partner Snug is compensated with a one-time fee; the brochure states no amount.
- Financial Planning and Consulting
- For clients who do not use asset management, financial planning and consulting is charged $300 an hour or a fixed project cost, which may be negotiable.
Paul Michel owns 75% or more of Provident Financial Planning. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 1 soliciting firm
- Owns 75% or more of Provident Financial Planning, LLC
Paul Michel
Control person · since December 2017
- Owns 5% to 10% of Provident Financial Planning, LLC
Neal Reinig
since December 2022
- Owns 5% to 10% of Provident Financial Planning, LLC
Creig Manson
since June 2023
Provident Financial Planning’s regulatory assets grew 1.6× from $107M (January 2022) to $174M (March 2026); clients rose from 43 to 72 and employees from 1 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $174M | 72 | 2 | 5 |
| Mar 2025March 2025 | $155M | 70 | 2 | 6 |
| Jul 2024July 2024 | $133M | 57 | 2 | 6 |
| Jul 2023July 2023 | $103M | 46 | 2 | 5 |
| Jan 2022January 2022 | $107M | 43 | 1 | 5 |
Besides its headquarters, Provident Financial Planning has 4 offices, with 5 listed addresses across 3 states.
Texas · 3 listed addresses
- 15790 Dooley Road, Suite 212, AddisonHQ
- 5100 Westheimer Road, Houston
- 1560 E. Southlake BLVD., Southlake
Arizona · 1 listed address
- 2325 E. Camelback Road, Phoenix
Georgia · 1 listed address
- 3379 Peachtree Road Ne, Atlanta
Other business names
Provident Financial Planning has reported 2 other business names to the SEC.
- Provident
- Provident Financial Planning
Contact and registration details
- Legal name
- Provident Financial Planning, LLC
- Headquarters
- 15790 Dooley Road, Suite 212, Addison, TX 75001
- Website
- providentfp.com
- Phone
- 888-752-6234
- SEC file
- 801-123142
- Structure
- Texas LLC
- Fiscal year end
- December
Provident Financial Planning’s named custodian for separately managed accounts is Charles Schwab ($169M). Provident Financial Planning does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $169M100%
At year end, Provident Financial Planning’s separately managed accounts were largely in funds (38%) and bonds (24%).
What the accounts hold
- Stocks17%
- Funds38%
- Bonds24%
- Investment grade corporate bonds12%
- U.S. government and agency bonds5%
- High-yield corporate bonds4%
- State and local bonds3%
- Cash2%
- Other19%
- Alternatives, reits, etc.19%
How many clients does Provident Financial Planning have?
Provident Financial Planning has 72 clients and manages $174 million for them, as of March 2026. They include 57 high-net-worth individuals, 13 individual clients and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Provident Financial Planning offer?
Provident Financial Planning provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Provident Financial Planning charge?
Provident Financial Planning charges 0.65%–1.00% a year for its Asset Management Fee Schedule. The fee is negotiable.
Source: ADV PART 2A, filed 24 March 2026
Which custodians does Provident Financial Planning use?
Provident Financial Planning’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $169M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Provident Financial Planning have?
Provident Financial Planning has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Provident Financial Planning invest in?
At the end of its last fiscal year, Provident Financial Planning’s separately managed accounts held 38% registered funds (mutual funds, ETFs, BDCs), 19% other, 17% exchange-traded equities, 12% investment grade corporate bonds, 5% U.S. government and agency bonds, 4% high-yield corporate bonds, 3% state and local bonds and 2% cash and equivalents. The 19% other category is described as: Alternatives, Reits, Etc.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Provident Financial Planning?
Provident Financial Planning’s direct owners are Paul Michel (75% or more), Neal Reinig (5% to 10%) and Creig Manson (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Provident Financial Planning get paid?
Provident Financial Planning is paid through hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Provident Financial Planning?
Provident Financial Planning’s main office is at 15790 Dooley Road, Suite 212, Addison, TX 75001. Its phone number is 888-752-6234. Its website is providentfp.com.
