Intitially Providence Capital was positioned as a wealth manager. However, upon the request of our clients over the years we broadened our service offering. These include strategic advice and family office services.
Providence Capital offers more extensive services, non-in-house financial products and the partnership structure ensures staff loyalty and continuity. In addition we offer tailor made solutions.
With strategic advice we support our clients in taking strategic decisions relating to their wealth. Further we select and monitor their asset managers. Since we are an asset management company ourselves involved in investment decisions on a daily basis, we are in an excellent position to better understand, select and evaluate other asset management companies.
Wealth raises many questions... however large or complex the asset base may be. We offer integrated solutions and make things as easy and convenient as possible for you. A committed team operating together for years, supports you with continued attention, independent and personal.
Providence Capital is independent and not related to any financial institution. We offer total solutions that simplify our client lives. Providence Capital is represented by a strong team already together for many years.
Providence Capital has no in-house products and no ties to any financial institution.
Investable assets of over € 5 million. This minimum is necessary to ensure our continued personal attention as well as to facilitate an optimum risk diversification.
To initiate an introductory discussion please contact us by e-mail at email@example.com or by phone at + 31(0)35 692 67 50
Prior to Providence Capital we all worked for large financial institutions. The core of our asset management team has its roots as far back as 1994 at MeesPierson. The individual resumes can be found on the page 'Our People'.
Shares in Providence Capital are held through a holding company structure with the partners as ultimate owners.
Providence Capital operates under and Asset Management Licence issued by the Dutch Authority for the Financial Markets (AFM) and a Trust Licence issued by the Dutch Central Bank (DNB).
We serve about 75 clients. Since inception, we have hardly had any clients defections and do not expect so either.
They depend on the services. For Asset Management we either charge a percentage over the assets under management or we agree on a fixed fee. For strategic advice and family office services we can propose a fixed fee for an hourly rate.
We consider involvement of the 'Next Gen' an important aspect of our services. The families we service are very focused on their privacy for which reason they also wish the training of the next generation to be handled seperately. Whether to involve them in an annual family meeting or to offer them a traineeship or to act as a mentor.
Yes, we have a 3402 Type 1 report, which scope covers our asset management services.
Track records are available since inception in 2005. Since we do not apply standard risk profiles, the performances are of actual portfolios.
We are not holding any client assets on our books. Our clients maintain their assets through security and bank accounts with custodian banks of their choice. Providence Capital only has a power of attorney for trading purposes in these accounts.
Providence Capital uses the custodian bank of your choice. You can keep your existing banking relationship. However, with our buying power we have been able to negotiate favourable rates with certain custodian banks.
All client information is treated with the outmost discretion and care. For that purpose we strictly separated the different types of services within our IT systems as well as in our data storage. IT and data security is a continuous priority of ours.
Contrary to main banks, we not only utilize our in-house knowhow, but have access to the knowhow of many third party invesment managers. This results in a more deeper understanding of the markets.
For selecting new investment managers in certain sectors of the market we cooperate with a leading external research firm.
As a client you will be serviced by our own team of professionals which always includes one of the partners.
Clients who we advise on strategic issues are mostly long term relationships. However, we also provide advice on a one-off basis, like a second opinion or a request for proposal (RFP) project.
You decide which services you need which means that all our services are offered seperately, including our family office services.
We have no tax laywers on the payroll. We prefer to closely liaise with our clients tax advisors and have ourselves a large network in the international tax arena.
Our company can act as the corporate residency and mail address of the corporate entities of our clients. Further we can provide corporate directorships and facilitate the incorporation of legal entities. To this end, we have a trust licence issued by the Dutch Central Bank (DNB).