Overview
A. OWNERSHIP/ADVISOR HISTORY
Provider Financial, Inc. (“We”) was formed in October 2007 as an Indiana corporation. It was
subsequently registered as an Indiana investment adviser in 2013 and became SEC registered in
2018, We are owned by Robert L. Malmquist. Mr. Malmquist is the president and additional
information about Mr. Malmquist can be found in his supplemental brochure.
B. ADVISORY SERVICES OFFERED
Before we enter into an Adviser-Client relationship, we may offer a complimentary general
consultation to discuss services available, give a prospective client time to review services desired,
and determine whether a relationship might benefit the client. Investment advisory services begin
only after we and the client formalize the relationship with a properly executed agreement. We
offer the following services to our clients:
i. FINANCIAL PLANNING SERVICES
We create a written financial plan that typically focuses on one or more specific areas such as
financial and cash management, risk management, financial issues relating to divorce or death of
a family member, tax issues, retirement planning, educational funding, goal setting, or other needs
identified by the client or by our review of the client’s financial circumstances. Through discussion
with the client and/or questionnaires, we will collect pertinent data, identify goals, objectives,
financial concerns and potential solutions. We will present the client with a written analysis.
Following the conclusion
of the consulting services, we may make recommendations regarding
implementation of the financial strategies discussed.
ii. PORTFOLIO MANAGEMENT SERVICES
We manage individualized portfolios for our clients on a discretionary basis through our wrap fee
program. We work with each client to formulate an individualized portfolio based upon his/her
objectives, time frame, risk parameters and other investment considerations. We use marketable
securities that can include mutual funds, exchange traded funds, stock and money markets
instruments. Our investment philosophy is to use principles of value, safety and quality to seek
investment options globally. Clients will be given a copy of our Appendix 1, which contains a
description of the service, the fee and any conflicts of interest associated.
C. TAILORED SERVICES
We tailor all of our services to the client’s stated goals, needs and objectives. For our portfolio
management service clients, we allow them to impose restrictions on investment in certain
securities or types of securities. All restrictions must be presented to us in writing.
D. WRAP PROGRAM
We are a portfolio manager to, the Provider Financial Inc. Wrap Program. Please see Appendix
1 for details.
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E. CLIENTS ASSETS MANAGED
As of December 31, 2023, we manage approximately $240,000,000 in discretionary assets and $0
in nondiscretionary assets.