# Provident Investment Management, Inc.

> Provident Investment Management, Inc. is an SEC-registered investment advisory firm in Novi, MI, registered since 1981, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 10, 2026.

- CRD: 106976
- Filed as: PROVIDENT INVESTMENT MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Novi, MI
- Filing period: October 2026
- Form ADV filing dated: June 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106976
- AdvisorCensus page: https://advisorcensus.com/firm/provident-investment-management-inc-novi-mi-106976

## Quick answers

**How is Provident Investment Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Provident Investment Management, Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is Provident Investment Management, Inc. located?**
Provident Investment Management, Inc.'s principal office is in Novi, MI, according to its Form ADV.

**Is Provident Investment Management, Inc. registered with the SEC or a state?**
Provident Investment Management, Inc. is an SEC-registered investment advisory firm, registered since 1981. Status as filed: Approved. CRD 106976.

**How much does Provident Investment Management, Inc. manage?**
Provident Investment Management, Inc. reports $1,133,614,748 in regulatory assets under management in its Form ADV filing dated June 10, 2026 (90% discretionary).

**How have Provident Investment Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Provident Investment Management, Inc.: Regulatory assets under management: $975,554,000 in the October 2021 data and $1,133,614,748 in the October 2026 data, up 16%. Total employees: 9 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Provident Investment Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (227); individuals (other than high net worth individuals) (91).

**Which custodians does Provident Investment Management, Inc. use?**
Provident Investment Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Provident Investment Management, Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106976

**Does Provident Investment Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 16, 2026 says: "Our minimum account size is $500,000. The minimum is applied to all the assets managed for a particular household added together, not on an account-by-account basis. This minimum and other account policies may be waived when, in the judgment of Provident Investment Management, there are valid reasons for doing so."

**What changed in Provident Investment Management, Inc.'s recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 16, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> Our minimum account size is $500,000. The minimum is applied to all the assets managed for a particular household added together, not on an account-by-account basis. This minimum and other account policies may be waived when, in the judgment of Provident Investment Management, there are valid reasons for doing so.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,133,614,748
- Discretionary: $1,019,378,294
- Non-discretionary: $114,236,454

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 91 | $54,811,000 |
| High net worth individuals | 227 | $1,052,458,431 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $18,212,010 |
| Charitable organizations | Fewer than 5 | $8,133,307 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1981 (45 years)
- Employees: 10 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AZ, CA, FL, GA, IL, IN, MA, MI, NC, NE, NH, NY, OH, OR, TN, TX, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- investprovident.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $975,554,000 | 9 | March 29, 2021 |
| October 2022 | $1,178,825,000 | 9 | July 21, 2022 |
| October 2023 | $950,165,583 | 10 | March 24, 2023 |
| October 2024 | $1,087,888,788 | 9 | March 28, 2024 |
| October 2025 | $1,231,074,215 | 10 | March 28, 2025 |
| October 2026 | $1,133,614,748 | 10 | June 10, 2026 |

Regulatory assets under management: $975,554,000 in the October 2021 data and $1,133,614,748 in the October 2026 data, up 16%.
Total employees: 9 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Registered or notice-filed in AZ.

### January 2026
- Registered or notice-filed in NE, NH, OR.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Provident Investment Management, Inc. (CRD 106976): Form ADV filing data as of October 2026.