OUR FOUNDATION

Founded on Friendship and Investment Club Values

Provident's origins trace back to two friends Ralph Seger, an engineer, and Maury Elvekrog, a psychologist who bonded over their shared passion for stock analysis and ethical investing. They met through Michigan's investment club community, where amateur investors collaborated to research stocks and share knowledge. In 1981, they launched their own firm with just one client family. What began as a hobby in investment clubs grew into a business grounded in thorough research, strong relationships, and tangible results.
Focused on delivering thoughtful, research-driven investment insights.
Built on a culture that values collaboration, integrity, and clarity.
Driven by a passion for continual learning and informed decision-making.
Our History

Our Journey So Far

Explore the milestones that have shaped our growth and commitment to excellence.
1981
Founded
Ralph Seger and Maury Elvekrog start Seger-Elvekrog Inc. with investment club principles and one client family.
1992
Growth
Scott Horsburgh joins, bringing institutional experience and business organization to scale the firm.
2004
Leadership
Scott becomes President as Ralph retires. Dan Boyle joins the investment team.
2005
Milestone
Managed assets surpass $100 million.
2006
Expansion
Seger-Elvekrog begins managing fixed income portfolios.
2010
Team Growth
Miles Putnam joins the investment team.
2012
Milestone
Managed assets surpass $250 million.
2013
Rebranding
Firm becomes Provident Investment Management, reflecting our commitment to "planning carefully for the future."
2017
Milestone
Managed assets surpass $500 million.
2017
Team Growth
James Skubik joins the investment team.
2021
Milestone
Managed assets surpass $1 billion.
2023
Strategy Launch
Provident introduces its Dividend Total Return strategy.
Today
Continued Excellence
Managing over $1 billion+ for 350+ families with 100% CFA senior staff and unwavering independence.
OUR GUIDING PRINCIPLES

Built Different Since 1981

What started as two friends recognizing they shared deeper values than the firm they worked for has grown into a team committed to preserving that same authenticity at scale. It's how we still operate today. You'll work directly with senior portfolio managers who research and select individual stocks, not layers of mutual funds that obscure what you actually own. You can call anyone on our team without being "processed" through phone trees or reassigned when your advisor gets promoted. And we've structured ourselves to remain independent because those relationships always come first.

Radical transparency in what you own.
Direct access to the people managing your money.
Relationships that don't get reassigned.
Independence that protects your interests.
Our Team

Meet Your Portfolio Managers

Our senior investment team averages over 20 years of experience, and every portfolio manager is a Chartered Financial Analyst charterholder.
Scott Horsburgh, CFA®
Scott Horsburgh, CFA®
President · Senior Portfolio Manager
Dan Boyle, CFA®
Dan Boyle, CFA®
Senior Vice President · Senior Portfolio Manager
Miles Putnam, CFA®
Miles Putnam, CFA®
Vice President · Senior Portfolio Manager
James Skubik, CFA®
James Skubik, CFA®
Portfolio Manager
Our Full Team
Contact US

Get in Touch with Us

Reach out today to discuss how we can support your investment goals. Our team is ready to provide answers, offer solutions, and start your journey toward success.
Schedule a Consultation

Have any Questions?

(800) 449-6970