Provident Trust provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and selecting other managers.
Provident Trust reports 1,037 clients. They include 814 high-net-worth individuals, 178 individual clients and 41 charitable organizations. Nearly all assets ($6.86B across 1,034 accounts) are managed with discretion; $84.2K across 3 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 17% | <1% |
| High-net-worth individuals | 78% | 85% |
| Investment companies | <1% | 3% |
| Charitable organizations | 4% | 12% |
| Other | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 178 | $877K | 0.0% | $4.93K |
| High-net-worth individuals | 814 | $5.81B | 84.7% | $7.14M |
| Investment companies | 1 | $209M | 3.0% | $209M |
| Charitable organizations | 41 | $840M | 12.2% | $20.5M |
| Other | 3 | $84.2K | 0.0% | $28.1K |
| Total | 1,037 | $6.86B | 100% | $6.61M |
- Clients
- 178
- Regulatory AUM
- $877K
- AUM share
- 0.0%
- Avg. per client
- $4.93K
- Clients
- 814
- Regulatory AUM
- $5.81B
- AUM share
- 84.7%
- Avg. per client
- $7.14M
- Clients
- 1
- Regulatory AUM
- $209M
- AUM share
- 3.0%
- Avg. per client
- $209M
- Clients
- 41
- Regulatory AUM
- $840M
- AUM share
- 12.2%
- Avg. per client
- $20.5M
- Clients
- 3
- Regulatory AUM
- $84.2K
- AUM share
- 0.0%
- Avg. per client
- $28.1K
Total
- Clients
- 1,037
- Regulatory AUM
- $6.86B
- AUM share
- 100%
- Avg. per client
- $6.61M
- 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
- 0
Provident Trust charges 0.60%–1.00% a year for its Separate account standard fee schedule. The fee is billed in arrears, is negotiable and requires an account of at least $3,000,000.
Fee details and sources
J. Scott Harkness 1999 Trust owns 25% to 50% of Provident Trust. James Harkness is CEO; the leadership team includes President Michael Schelble and Chief Operating Officer James Daley. It has 12 employees, 2 of them in advisory roles.
Leadership
- James HarknessDirector/Chief Executive Officer
- Michael SchelblePresident/Treasurer/Director
- Thomas TuttleVice President/Secretary/Director
- James DaleyShareholder/Chief Compliance Officer/Chief Operating Officer
- Eugene JacobusDirector
- John OnzikDirector
- Marifran CreedTrustee, J. Scott & Genevieve Harkness 2003 Trust Fbo Carey T. Harkness
- Allison CreedTrustee, J. Scott Harkness 1999 Trust
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Paul Carl Baures
- Lee G Wolcott
Staff
- 12 employees
- 2 in advisory functions
- 5 state-registered reps
- Owns 25% to 50% of Provident Trust Company
J. Scott Harkness 1999 Trust
Control person · since October 2000
- Owns 25% to 50% of Provident Trust Company
Allison Creed
Control person · since December 2018
- Owns 10% to 25% of Provident Trust Company
Michael A. & Patricia A. Schelble Joint Revocable Trust Agency
Control person · since May 2010
- Owns 10% to 25% of Provident Trust Company
James Daley
Control person · since January 2014
- Owns 10% to 25% of Provident Trust Company
J. Scott and Genevieve Harkness Living Trust DTD 5/11/15
Control person · since April 2017
- Owns 10% to 25% of Provident Trust Company
Michael A. & Patricia A.
Control person · since May 2010
- Owns 5% to 10% of Provident Trust Company
John Onzik
Control person · since August 2003
- Owns 5% to 10% of Provident Trust Company
Marifran Creed
Control person · since August 2003
- Owns 5% to 10% of Provident Trust Company
J. Scott and Genevieve Harkness 2003 Trust Fbo Carey T. Harkness
since August 2003
- Owns 5% to 10% of Provident Trust Company
J. Scott and Genevieve Harkness
since August 2003
- Owns 5% to 10% of Provident Trust Company
J. Scott and Genevieve Harkness 2003 Trust Fbo Genevieve L. Harkness
since August 2003
- Owns 5% to 10% of Provident Trust Company
J. Scott and Genevieve Harkness 2003 Trust Fbo Erin F. Harkness
since August 2003
Provident Trust’s regulatory assets grew from $4.68B (June 2021) to $6.86B (April 2026); clients fell from 1,252 to 1,037 and employees from 13 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $6.86B | 1,037 | 12 | 1 |
| July 2025 | $6.62B | 1,069 | 12 | 1 |
| March 2024 | $5.74B | 1,119 | 12 | 1 |
| March 2023 | $4.84B | 1,206 | 13 | 1 |
| March 2022 | $6.5B | 1,238 | 13 | 1 |
| June 2021 | $4.68B | 1,252 | 13 | 1 |
Besides its headquarters, Provident Trust has 0 offices, with 1 listed address in Wisconsin.
Wisconsin · 1 listed address
- N16 W23217 Stone Ridge Drive, Suite 310, WaukeshaHQ
Contact and registration details
- Legal name
- Provident Trust Company
- Headquarters
- N16 W23217 Stone Ridge Drive, Suite 310, Waukesha, WI 53188-1199
- Website
- provtrust.com
- Phone
- 262-521-2300
- SEC file
- 801-58213
- Structure
- Wisconsin corporation
- Fiscal year end
- December
Provident Trust uses Northern Trust Securities ($3.36B) as custodian for its separately managed accounts. Provident Trust has custody of $3.59B in client assets for 927 clients.
- Northern Trust SecuritiesNorthern Trust Securities, Inc. · Chicago, IL · $3.36B100%
At year end, Provident Trust’s separately managed accounts were mostly in stocks (86%) and cash (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $4.77B across 22 positions; the largest are Alphabet Inc. CL A (16.5%), Alphabet Inc. CL C (16.3%) and Costco Whsl Corp. New (9.2%).
What the accounts hold
- Stocks86%
- Funds1%
- Cash12%
- Other1%
- Asset types total less than 1% of assets.1%
Reported 13F holdings
- $4.77B
- Reported 13F value
- 22
- Positions
- 90.9%
- In the 10 largest
- −0.2%
- Value vs. prior quarter
- Alphabet Inc. CL A16.5%
- Alphabet Inc. CL C16.3%
- Costco Whsl Corp. New9.2%
- PNC Financial Svs Grp9.0%
- Visa Inc.8.5%
- Schwab Charles CP New7.2%
- TJX Companies Inc.6.6%
- American Express CO6.5%
- Home Depot6.1%
- T Rowe Price Grp Inc.4.9%
Together, the ten largest are 90.9% of reported value.
How many clients does Provident Trust have?
Provident Trust has 1,037 clients and manages $6.86 billion for them, as of April 2026. They include 814 high-net-worth individuals, 178 individual clients and 41 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 8 April 2026
What services does Provident Trust offer?
Provident Trust provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Provident Trust charge?
Provident Trust charges 0.60%–1.00% a year for its Separate account standard fee schedule. The fee is billed in arrears, is negotiable and requires an account of at least $3,000,000.
Which custodians does Provident Trust use?
Provident Trust’s separately managed account assets are held at Northern Trust Securities, Inc. (Chicago, IL), with $3.36B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 April 2026
How many financial advisors does Provident Trust have?
Provident Trust has 5 investment adviser representatives registered with state securities authorities, out of 12 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 Trust invest in?
At the end of its last fiscal year, Provident Trust’s separately managed accounts held 86% exchange-traded equities, 12% cash and equivalents, 1% registered funds (mutual funds, ETFs, BDCs) and 1% other. The 1% other category is described as: Asset Types Total Less Than 1% of Assets.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Provident Trust have a minimum investment?
Yes, Provident Trust’s minimum account size for its Separate account standard fee schedule is $3M.
Who owns Provident Trust?
Provident Trust’s direct owners are J. Scott Harkness 1999 Trust, John Onzik, Marifran Creed, Michael A. & Patricia A. Schelble Joint Revocable Trust Agency, James Daley, J. Scott and Genevieve Harkness 2003 Trust Fbo Carey T. Harkness, J. Scott and Genevieve Harkness Living Trust DTD 5/11/15, Michael A. & Patricia A., Allison Creed, J. Scott and Genevieve Harkness, J. Scott and Genevieve Harkness 2003 Trust Fbo Genevieve L. Harkness, and J. Scott and Genevieve Harkness 2003 Trust Fbo Erin F. Harkness, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 8 April 2026
How does Provident Trust get paid?
Provident Trust 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
How do I contact Provident Trust?
Provident Trust’s main office is at N16 W23217 Stone Ridge Drive, Suite 310, Waukesha, WI 53188-1199. Its phone number is 262-521-2300. Its website is provtrust.com.