# Provident Trust Company

> Provident Trust Company is an SEC-registered investment advisory firm in Waukesha, WI, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 8, 2026.

- CRD: 110118
- Filed as: PROVIDENT TRUST COMPANY
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Waukesha, WI
- Filing period: October 2026
- Form ADV filing dated: April 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110118
- AdvisorCensus page: https://advisorcensus.com/firm/provident-trust-company-waukesha-wi-110118

## Quick answers

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

**Where is Provident Trust Company located?**
Provident Trust Company's principal office is in Waukesha, WI, according to its Form ADV.

**Is Provident Trust Company registered with the SEC or a state?**
Provident Trust Company is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 110118.

**How much does Provident Trust Company manage?**
Provident Trust Company reports $6,858,453,576 in regulatory assets under management in its Form ADV filing dated April 8, 2026 (100% discretionary).

**How have Provident Trust Company's assets and staff changed since 2021?**
In the Form ADV data for Provident Trust Company: Regulatory assets under management: $4,676,054,473 in the October 2021 data and $6,858,453,576 in the October 2026 data, up 47%. Total employees: 13 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Provident Trust Company serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (814); individuals (other than high net worth individuals) (178); charitable organizations (41).

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

**Does Provident Trust Company 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/110118

**Does Provident Trust Company state an account minimum?**
Its Form ADV Part 2A brochure dated January 30, 2026 says: "The minimum individually managed client relationship is $3 million." "The minimum individually managed client relationship is $3 million."

**What changed in Provident Trust Company's recent Form ADV filings?**
In the May 2026 filing data: Registered or notice-filed in NC, NY.

## 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 January 30, 2026)

- Account minimum: $3,000,000

> The minimum individually managed client relationship is $3 million.

> The minimum individually managed client relationship is $3 million.

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

### Custodians (Schedule D, Section 5.K(3))
- Northern Trust Securities, 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: $6,858,453,576
- Discretionary: $6,858,369,423
- Non-discretionary: $84,153

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 178 | $877,478 |
| High net worth individuals | 814 | $5,808,508,364 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 1 | $209,118,751 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 41 | $839,864,830 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 3 | $84,153 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2000 (25 years)
- Employees: 12 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, FL, GA, IL, NC, NY, PA, TX, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,676,054,473 | 13 | June 30, 2021 |
| October 2022 | $6,503,624,885 | 13 | March 31, 2022 |
| October 2023 | $4,839,167,748 | 13 | March 30, 2023 |
| October 2024 | $5,743,082,043 | 12 | March 27, 2024 |
| October 2025 | $6,618,137,295 | 12 | July 25, 2025 |
| October 2026 | $6,858,453,576 | 12 | April 8, 2026 |

Regulatory assets under management: $4,676,054,473 in the October 2021 data and $6,858,453,576 in the October 2026 data, up 47%.
Total employees: 13 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Registered or notice-filed in NC, NY.

### February 2026
- Registered or notice-filed in GA.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Provident Trust Company (CRD 110118): Form ADV filing data as of October 2026.