Providence First Trust Co.
Providence First Trust Co is a privately-held, independent trust company based in Scottsdale, Arizona, founded in 1990 by attorneys experienced in trustee-related legal services. Regulated by the Arizona Department of Insurance and Financial Institutions, the firm focuses on trustee services for personal family trusts and Native American per capita trusts, particularly for minors and legally incompetent persons. The firm is not owned by or affiliated with any bank, mutual fund, or insurance company, and remains independently owned by its original founders. Providence First Trust serves clients across the United States, including Native American tribes, providing a range of customized trust and fiduciary services. The company has a small staff, with approximately 8 employees.
Investment Strategy
Providence First Trust Co acts purely as an independent trustee and does not offer proprietary investment products or accept commissions, thus avoiding conflicts of interest. They collaborate closely with tribal leaders and investment committees, especially for minors per capita trusts, to create tailored asset allocations designed to prioritize preservation of capital while seeking some long-term growth. Their approach is flexible, avoiding rigid investment models and focusing on frequent evaluation and adjustment based on market conditions and unique client needs. Investment objectives can be customized for different age groups and time horizons, with strict oversight to prevent poor investing and ensure that trust funds are handled with the highest fiduciary standard.
Top Holdings
Equity Positions (111)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
F FLRN | SPDR BLOOMBERG INVESTMENT GRADE FLOATING RATE ETF | 5.41% | $15.3M | 496,907 | $30.66 | $30.83 | -$175.0K |
A AGG | ISHARES CORE U.S. AGGREGATE BOND ETF | 5.30% | $15.0M | 151,188 | $107.33 | $99.20 | -$155.0K |
M MINT | PIMCO ENHANCED SHORT MATURITY ACTIVE EXCHANGE-TRADED FUND | 5.20% | $14.7M | 146,387 | $100.71 | $100.54 | -$33.4K |
L LQD | ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF | 4.85% | $13.7M | 125,355 | $114.08 | $109.61 | +$170.9K |
V VCLT | VANGUARD LONG-TERM CORPORATE BOND ETF | 3.93% | $11.1M | 146,640 | $94.81 | $75.90 | -$28.8K |