Provider Financial, Inc. (Indianapolis)

Name: Provider Financial, Inc.
Address: 3091 East 98 Th Street, Indianapolis, IN, 46280
Telephone: 317-706-0890

Provider Financial, Inc. is a large advisory firm based in Indianapolis. It manages $140 million of regulatory assets for 653 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida and Indiana.

Provider Financial provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Provider Financial: assets under management

The assets under management (AUM) of Provider Financial, Inc. is $140 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $140 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $214.4 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Provider Financial, Inc. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Laine Malmquist serves?

The only and largest group of clients of Robert Laine Malmquist is individuals with 400 clients and $128 million of assets under management. Among the 6 most similar advisory firms, Provider Financial has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $128 million for 400 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Provider Financial doesn't advise any private funds.

Careers at Provider Financial, Inc.

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Laine Malmquist	President/chief compliance officer	1 Sep 2013	75% - 100%	2730102

Based in Indianapolis

The principal office where Provider Financial, Inc. performs its advisory services is located at 3091 East 98 Th Street, Indianapolis, IN 46280, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-706-0890 or by fax (317)706-0910. The normal business hours are 8:30-4:30 on Monday - Friday. You can find more information about the New York firm at provider-financial.com.