Provident Financial Group

What Provident Financial Group does

Provident Financial Group, LLC is a privately held financial advisory practice headquartered at 3017 Village Office Place, Champaign, Illinois. Founded in 2009 and operating as an LLC with 1–10 employees, the firm delivers personalized financial planning and investment management services to individual clients and families in the Champaign-Urbana area. The practice is staffed by five named financial advisors — Eric Boland, Starla Carr (co-founder and managing partner), Robert Meyer (co-founder and managing partner), Eric Boland (co-founder and managing partner), Melinda Taylor, and Mitchell "Mitch" M. Carr — and serves four explicitly defined client niches: Business Owners, Families & Individuals, Retirees, and Pre-Retirees.

The firm's service catalog spans ten discrete offerings: Education Planning, Financial Planning, Portfolio Management, Retirement Planning, Risk Management, Investment Management, Investment Strategies, Fixed Income Services, Estate/Charitable Giving & Trust, and Longevity Planning. Operationally, the firm is independent of Raymond James Financial Services, Inc., but delivers investment advisory services through Raymond James Financial Services Advisors, Inc., and offers securities through the Raymond James broker-dealer network (member FINRA/SIPC). Client account access is delivered through the third-party clientaccess.rjf.com portal rather than proprietary technology.

Revenue mechanics are not publicly disclosed; pricing is described as quote-based, and the indicated revenue model is subscription/recurring advisory work likely fee-based on assets under management, billed annually. The go-to-market motion is sales-led and relationship-driven, with content marketing (niche-specific website pages and Raymond James-published market commentary) supporting top-of-funnel awareness, and a client portal supporting post-sale service. The firm has no disclosed venture capital or private equity backing, no parent company, and no subsidiaries.

Name

Provident Financial Group

Legal name

Provident Financial Group, LLC

Website

https://providentfinancialgroupllc.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Provident Financial Group, LLC is a privately held, Champaign, Illinois–based financial advisory practice offering personalized financial planning, investment management, and retirement services to individuals, families, business owners, and retirees through five Raymond James-affiliated advisors.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Investment Advisory Services: Investment advisory services offered through Raymond James Financial Services Advisors, Inc. The firm provides personalized financial planning, portfolio management, and investment management services to individuals, families, business owners, and retirees.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Provident Financial Group, LLC is a private financial advisory firm that provides personalized financial planning, investment management, and retirement planning services to individuals, families, pre-retirees, retirees, and business owners. The firm operates through an affiliation with Raymond James Financial Services, leveraging the larger broker-dealer's infrastructure while maintaining an independent, client-focused advisory practice.

Product overview

Provident Financial Group is a financial advisory firm offering personalized financial planning and investment management services. The company provides a comprehensive suite of financial services including Education Planning, Financial Planning, Portfolio Management, Retirement Planning, Risk Management, Investment Management, Investment Strategies, Fixed Income Services, Estate and Charitable Giving Planning, and Longevity Planning. Services are delivered through a team of advisors and supported by a client access portal managed through the Raymond James platform. The firm serves individual clients including business owners, families, pre-retirees, and retirees.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Planning Holistic financial planning service covering budgeting, cash flow, insurance, tax, and estate considerations, delivered to individuals, families, pre-retirees, retirees, and business owners.
• Investment Management Ongoing portfolio and investment management for clients, executed through the firm's affiliation with Raymond James Financial Services for brokerage and custody.
• Retirement Planning Retirement-focused planning covering accumulation, decumulation, Social Security coordination, withdrawal sequencing, and income strategies for pre-retirees and retirees.
• Client Access Portal Online portal that gives clients account access, document sharing, and ongoing communication with their advisory team.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• Cetera Financial Group: Independent broker-dealer / RIA platform serving a broad network of independent financial advisors. Operates a similar affiliation model to Provident's Raymond James arrangement and serves overlapping client segments.
• Edward Jones: Large national advisory firm with a localized branch model heavily focused on individual investors, families, and retirees. Highly comparable to Provident's relationship-based, planning-led approach to households and small-business owners.
• Ameriprise Financial: National diversified financial services firm with a large branch channel of advisors serving clients in retirement, investment, and financial planning. Comparable in client segments (retirees, families, business owners) and product breadth.
• Stifel Financial: Diversified wealth management and investment banking firm with a growing advisor channel. Comparable business profile in the personal financial planning and investment management services that Provident delivers.
• Wells Fargo Advisors: Large wirehouse brokerage and advisory business offering investment, retirement, and financial planning services. Overlaps with Provident in core offerings and target segments, though at vastly larger scale and broader geographic reach.
• Northwestern Mutual: Large U.S. financial services firm offering comprehensive financial planning, investment, and insurance products through a network of local advisors. Overlaps with Provident in its planning-led, locally-delivered service model for individuals and business owners.
• LPL Financial: Largest independent broker-dealer and RIA platform in the U.S., supporting thousands of independent advisors with similar affiliation-style service models. Directly comparable to Provident in how a small advisory practice leverages a third-party platform for compliance, custody, and technology.
• Commonwealth Financial Network: Independent broker-dealer and RIA supporting hundreds of advisor practices. Comparable to Provident as a peer affiliation model for small advisory firms offering financial planning, investment management, and retirement services.
• Cambridge Investment Research: Independent broker-dealer and RIA supporting thousands of financial advisors across the U.S. Comparable as an affiliation-based platform enabling small advisory practices to deliver financial planning and investment management.

Emerging players

• Creative Planning: Large independent RIA that has grown rapidly through organic recruiting and acquisitions of small advisory firms. Comparable service offerings (financial planning, investment management, retirement, estate) and a similar historical profile of a small multi-advisor RIA that scaled via roll-up.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/first-providence-financial-gro

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Provident Financial Group