# Provident Wealth Management

Provident Wealth Management is a Multi Family Office based in Brentwood, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Brentwood, United States
- **Region:** North America
- **Address:** South Jordan, UT, United States
- **Founded:** 2003
- **Assets under management:** $200M - $500M (Altss estimate)
- **Website:** providentwealth.com

## Regulatory record

- **CRD number:** 130417
- **SEC file number:** 801-62799
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/130417

## About

Provident Wealth Management, LLC is an SEC-registered investment adviser in Brentwood, TN, registered since 2004. The firm manages approximately $759 million in assets. It has 9 employees and 6 investment advisers.

## Sectors

- Wealth Management
- Real Estate

## People

- Joseph W. Hebenstreit — Co-Founder & Managing Principal

## Questions

### Does Provident Wealth Management operate a proprietary real estate arm?

Yes. Provident operates an in-house real estate division that originates, structures, and manages direct property investments — primarily in multifamily and self-storage asset classes — across Utah, Idaho, Arizona, and Colorado. This vertically-integrated capability functions more like a family-office direct-investment group than a standard RIA third-party fund allocator. Client capital can access deal-by-deal syndications that the Provident team also operates, aligning the firm's economics with property-level performance.

### What kind of investment vehicles does Provident use?

Provident deploys capital through individually managed equity and fixed-income accounts, direct real estate syndications via its in-house arm, and private capital commitments — including venture and structured credit — accessed through vetted GP relationships. The firm does not operate a proprietary fund-of-funds but evaluates private placements on a deal-by-deal basis for qualified client portfolios.

### How does Provident Wealth Management charge for its services?

The firm operates on a fee-only model, charging a percentage of assets under management rather than commissions, with fees disclosed on its Form ADV Part 2. This structure aligns the firm's compensation with portfolio performance and avoids the transaction-driven conflicts common in brokerage models. Specific fee schedules are negotiated based on household complexity and total relationship size.

### What is the succession plan for Provident Wealth Management?

Provident maintains an internal succession architecture where ownership and operational control are designed to pass to the senior advisory committee led by Joseph Hebenstreit, rather than selling to an outside consolidator or institutional bank. This posture is explicitly communicated to multi-generational client families as a stability guarantee, ensuring continuity of the investment philosophy and real estate operating model over decades.

## Related profiles

- [Financial Integrity Advisors](https://altss.com/profile/financial-integrity-advisors-llc)

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Last updated: 2026-07-06T01:24:23.723Z

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