Provident Investment Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, insurance, and tax planning. Financial planning was provided to 26–50 clients last fiscal year.
Provident Investment Management reports 318 clients. They include 227 high-net-worth individuals and 91 individual clients. Of its assets, 89.9% ($1.02B across 905 accounts) are managed with discretion; $114M across 5 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 29% | 5% |
| High-net-worth individuals | 71% | 93% |
| Pension and profit-sharing plans | Fewer than 5 | 2% |
| Charitable organizations | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 91 | $54.8M | 4.8% | $602K |
| High-net-worth individuals | 227 | $1.05B | 92.8% | $4.64M |
| Pension and profit-sharing plans | Fewer than 5 | $18.2M | 1.6% | — |
| Charitable organizations | Fewer than 5 | $8.13M | 0.7% | — |
| Total | 318 | $1.13B | 100% | — |
- Clients
- 91
- Regulatory AUM
- $54.8M
- AUM share
- 4.8%
- Avg. per client
- $602K
- Clients
- 227
- Regulatory AUM
- $1.05B
- AUM share
- 92.8%
- Avg. per client
- $4.64M
- Clients
- Fewer than 5
- Regulatory AUM
- $18.2M
- AUM share
- 1.6%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $8.13M
- AUM share
- 0.7%
- Avg. per client
- —
Total
- Clients
- 318
- Regulatory AUM
- $1.13B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Provident Investment Management charges 0.60%–1.00% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and requires an account of at least $500,000.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$3M | 0.80% |
| $3M–$5M | 0.70% |
| $5M and above | 0.60% |
Fee details and sources
Scott Horsburgh owns 50% to 75% of Provident Investment Management. The leadership team of Provident Investment Management includes President Daniel Boyle and Chief Compliance Officer Eric Pozolo. It has 10 employees, 6 of them in advisory roles.
Leadership
- Daniel BoyleSenior Vice President
- Eric PozoloChief Compliance Officer
- Scott HorsburghShareholder
- James SkubikSenior Portfolio Manager
- Miles PutnamVice
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Daniel J Boyle
- Miles Graham Putnam
- James Matthew Skubik
- Eric Scott Wathen
Staff
- 10 employees
- 6 in advisory functions
- 5 state-registered reps
- 2 soliciting firms
- Owns 50% to 75% of Provident Investment Management, Inc.
Scott Horsburgh
Control person · since October 2004
- Owns 25% to 50% of Provident Investment Management, Inc.
Daniel Boyle
Control person · since December 2023
- Owns 10% to 25% of Provident Investment Management, Inc.
Miles Putnam
since December 2023
- Owns 5% to 10% of Provident Investment Management, Inc.
James Skubik
since December 2023
Provident Investment Management’s regulatory assets grew from $976M (March 2021) to $1.13B (June 2026); clients were 318 in both filings and employees rose from 9 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $1.13B | 318 | 10 | 1 |
| March 2025 | $1.23B | 346 | 10 | 1 |
| March 2024 | $1.09B | 362 | 9 | 1 |
| March 2023 | $950M | 355 | 10 | 1 |
| July 2022 | $1.18B | 338 | 9 | 1 |
| March 2021 | $976M | 320 | 9 | 1 |
Besides its headquarters, Provident Investment Management has 0 offices, with 1 listed address in Michigan.
Michigan · 1 listed address
- 39555 Orchard Hill Place, Ste 139, NoviHQ
Contact and registration details
- Legal name
- Provident Investment Management, Inc.
- Headquarters
- 39555 Orchard Hill Place, Ste 139, Novi, MI 48375
- Website
- investprovident.com
- Phone
- 248-380-1700
- SEC file
- 801-16412
- Founded
- 1981
- Structure
- Michigan corporation
- Fiscal year end
- December
Provident Investment Management uses Charles Schwab ($1.13B) as custodian for its separately managed accounts. Provident Investment Management has custody of $82.3M in client assets for 39 clients.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.13B100%
At year end, Provident Investment Management’s separately managed accounts were mostly in stocks (91%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.03B across 89 positions; the largest are Visa Inc.. (7.6%), Alphabet Inc.. CL C (7.2%) and Vertex Pharmaceuticals Inc.. (6.8%).
What the accounts hold
- Stocks91%
- Funds1%
- Bonds6%
- Cash2%
Reported 13F holdings
- $1.03B
- Reported 13F value
- 89
- Positions
- 58.0%
- In the 10 largest
- +2.2%
- Value vs. prior quarter
- Visa Inc.. · Com CL A7.6%
- Alphabet Inc.. CL C · Cap Stk CL C7.2%
- Vertex Pharmaceuticals Inc..6.8%
- Taiwan Semiconductor ADR · Sponsored ADS6.5%
- Corning Inc..6.0%
- Corpay, Inc..5.5%
- Microsoft5.4%
- Amazon.com Inc..4.8%
- Blackrock Inc..4.4%
- Caci International Inc.. · CL A3.8%
Together, the ten largest are 58.0% of reported value.
How many clients does Provident Investment Management have?
Provident Investment Management has 318 clients and manages $1.13 billion for them, as of June 2026. They include 227 high-net-worth individuals and 91 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 June 2026
What services does Provident Investment Management offer?
Provident Investment Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Provident Investment Management charge?
Provident Investment Management charges 0.60%–1.00% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and requires an account of at least $500,000.
Source: PROVIDENT INVESTMENT MANAGEMENT ADV PART 2A, filed 16 March 2026
Which custodians does Provident Investment Management use?
Provident Investment Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.13B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 June 2026
How many financial advisors does Provident Investment Management have?
Provident Investment Management has 5 investment adviser representatives registered with state securities authorities, out of 10 employees, and 6 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 Investment Management invest in?
At the end of its last fiscal year, Provident Investment Management’s separately managed accounts held 91% exchange-traded equities, 6% state and local bonds, 2% cash and equivalents and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Provident Investment Management have a minimum investment?
Yes, Provident Investment Management’s minimum account size for its Investment Management Fees is $500K.
Source: PROVIDENT INVESTMENT MANAGEMENT ADV PART 2A, filed 16 March 2026
Who owns Provident Investment Management?
Provident Investment Management’s direct owners are Scott Horsburgh (50% to 75%), Daniel Boyle (25% to 50%), James Skubik (5% to 10%) and Miles Putnam (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 10 June 2026
How does Provident Investment Management get paid?
Provident Investment Management is paid through a percentage of assets under management. 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
Is Provident Investment Management registered with the SEC?
Yes, Provident Investment Management has been registered with the SEC as an investment adviser since 14 September 1981. Its CRD number is 106976 and its SEC file number is 801-16412.
Source: Form ADV Part 1A, Item 1, filed 10 June 2026; IAPD firm record
How do I contact Provident Investment Management?
Provident Investment Management’s main office is at 39555 Orchard Hill Place, Ste 139, Novi, MI 48375. Its phone number is 248-380-1700. Its website is investprovident.com.