Finding a Top Financial Advisor Firm in Draper, Utah
Having a professional manage your investments can be a huge relief, especially during downturns. But finding a qualified financial advisor is challenging. To help you with your search, we did the initial heavy lifting of gathering and analyzing the data of all registered investment advisors (RIAs) in Draper, Utah. We then filtered the information to bring you the top three firms in the city. To personalize your search even more, use our advisor matching tool. It recommends three fiduciary advisors in your area based on your preferences.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Foresight Wealth Management, LLC Find an Advisor||$906,462,096||$100,000|| || |
|2||Navigate Private Wealth, LLC Find an Advisor||$376,642,861||$250,000|| || |
|3||Coign Capital Advisors, LLC Find an Advisor||$248,487,614||$500,000|| || |
|4||Lone Peak Advisors, LLC Find an Advisor||$197,000,000||No minimum|| || |
Minimum AssetsNo minimum
|5||Alisa Capital, Inc. Find an Advisor||$175,811,581||No required minimum.|| || |
Minimum AssetsNo required minimum.
|6||Financial Network Wealth Management, LLC. Find an Advisor||$186,317,145||$25,000|| || |
How We Found the Top Financial Advisor Firms in Draper, Utah
To find the top financial advisors in Draper, Utah, we first identified all firms registered with the SEC in the state. Next, we filtered out firms that don't offer financial planning services; those that don't serve primarily individual clients; and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
Foresight Wealth Management
Foresight Wealth Management recently made Inc.’s list of the “5,000 Fastest-Growing Private Companies.” The Draper-based financial advisory manages this list's largest amount in assets and has branches in Provo and Salt Lake City - plus in Hauppage, New York. To receive investment management services, clients generally need a minimum account size of $100,000.
Most clients are non-high-net-worth individuals, but the firm also works with high-net-worth individuals, as well as institutional clients, including pooled investment vehicles, pension and profit sharing, charitable organizations and corporations.
The investment team hold multiple certifications, including one chartered financial consultant (ChFC), one chartered life underwriter (CLU), two chartered financial analysts (CFAs), two certified financial planners (CFPs), one chartered alternative investment analyst (CAIA), two retirement income certified professionals (RICPs), one certified public accountant (CPA) and one accredited investment fiduciary (AIF).
Foresight Wealth Management Background
CEO Adam Edward Nugent established Foresight Wealth Management in 2010. Today, he leads a team with more than 50 years of combined experience. These advisors offer the following:
- Investment supervisory services
- Pension consulting services
- Selection of other advisors
- Financial planning services
Some Foresight Wealth Management advisors are affiliated with broker-dealers and insurance companies. These multiple roles can create potential conflicts of interest, since advisors may have incentive to recommend some products over others. That said, as an SEC-registered advisory, Foresight Wealth Management is legally obligated to provide advice in the client’s best interests.
Foresight Wealth Management Investing Strategy
Foresight Wealth Management provides discretionary and non-discretionary investment management services. The former means the advisor makes all investment decisions and executes trades as deemed suitable in helping the client meet investment objectives. When providing non-discretionary services, the firm will request client approval before placing any trades in the client’s account.
The firm customizes portfolios to the client’s risk tolerance and time horizon. Generally, it constructs them with equity securities, exchange-traded funds (ETFs), mutual funds, U.S. government securities, corporate debt securities, municipal securities and options strategies. To sophisticated, high-net-worth clients, it may recommend investing in limited partnerships such as hedge funds and private equity funds, the Auto Loan Fund, LLC and Agronomic Capital, LP (the latter two are affiliated with firm leadership.) The firm may also recommend third-party money managers. If it does, it will share client fees with the outside manager.
Navigate Private Wealth, LLC
Navigate Private Wealth is a fee-based financial advisor with hundreds of millions in assets under management (AUM). The firm generally requires a minimum investment of $250,000 to provide portfolio management services. Clients are both non-high-net-worth and high-net-worth individuals.
Advisors have an average tenure of 23 years.They include five certified financial planners (CFPs), two chartered retirement planning counselors (CRPCs), one certified public accountant (CPA) and one chartered financial consultant (ChFC).
Some advisors are licensed insurance agents. In that capacity, they are technically salespeople who earn commissions separate from advisory fees. This can create a conflict of interest - and be confusing. Salespeople, of course, don’t have a fiduciary duty to act in their clients' best interest. Only advisors do. So when receiving a recommendation, clients should be clear on what it is based and how the advisor may benefit.
Navigate Private Wealth Background
Navigate Private Wealth first opened its doors in Draper in 2014. Ownership is equally spread among the following individuals:
- D. Scott Bunnell
- Mark H. Burgon
- David K. Eaton
- Jerry L. Ford
- Steven W. Hendrickson
- Paul B. Holbrook
The firm offers portfolio management services. It also provides financial planning that covers topics such as:
- Retirement planning
- Estate planning
- Charitable planning
- Education planning
- Corporate and personal tax planning
- Cost segregation study
- Corporate structure
- Real estate analysis
- Mortgage/debt analysis
- Insurance analysis
- Lines of credit evaluation
- Business and personal financial planning
Navigate Private Wealth Investment Strategies
Navigate Private Wealth gathers information about the client’s financial situation, long-term goals, risk tolerance and other factors in order to create an appropriate portfolio. The firm may build these portfolios with exchange-traded funds (ETFs), mutual funds, individual stocks and bonds and other securities. Advisors will rebalance these portfolios as the client’s financial circumstances change.
Coign Capital Advisors, LLC
Coign Capital Advisors works primarily with high-net-worth and non-high-net-worth individuals, as well as corporations. The team includes two certified financial planners (CFPs) and one chartered retirement planning counselor (CRPC).
To provide investment advisory services, the fee-based firm generally requires a minimum household account size of $500,000. Some advisors are also licensed insurance agents who receive sales commissions on top of client fees. These dual roles can create potential conflicts of interest. However, all advisors at Coign Capital Advisors are legally obligated to follow a fiduciary standard, which means providing advice that is only in the best interests of their clients.
Coign Capital Advisors Background
Coign Capital Advisors was established in 2014. Founding partner James Matthew Zundel is the majority owner. Previously, he was a private wealth advisor with Ameriprise. He set his sights on providing financial advice to people after serving in the Utah National Guard between 1987 and 1996. Today, he leads a team with more than 70 years of combined experience in the financial space.
Coign Capital Advisors Investment Strategy
Coign Capital Management gathers information about a client’s goals, risk tolerance and financial situation before recommending a proprietary portfolio model. Each of its five portfolio models adheres to a specific risk level:
- Income (conservative)
- Aggressive Income (moderate with an income bias)
- Moderately Aggressive
The firm reviews these portfolios at least quarterly and makes adjustments if deemed necessary based on the client’s goals and financial condition.
Lone Peak Advisors, LLC
Lone Peak Advisors, LLC (LPA) works primarily with high-net-worth and non-high-net-worth individuals. The fee-based firm says that it also offers investment supervisory services and financial planning services to institutional clients, including trusts, estates, 401(k)s, charitable organizations, corporations and other business entities.
The firm does not have a minimum account size. LPA, however, charges a non-negotiable financial planning fee of $1,500 for a 10-hour minimum. And it may also charge an annual management fee up to 2.9% of total assets under management.
Lone Peak Advisors Background
Headquartered in Draper, Utah, LPA was founded in 2018. The firm is owned by Travis Hudak, David James and Rich Tolotti.
As a fee-based firm, some advisors are licensed to sell insurance and investment products, and could earn commissions on those transactions - something that could pose a conflict of interest. LPA’s fiduciary duty, however, requires advisors to act in the best interests of their clients.
Lone Peak Advisors Strategy
LPA manages and evaluates portfolios based on client investment goals and objectives. The firm focuses primarily long-term investments. These generally use ETFs, stocks and mutual funds.
Investment advisory services include:
- Financial planning
- Portfolio planning
- Cash flow planning
- Retirement planning
- Education planning
Alisa Capital, Inc.
Alisa Capital, Inc. works primarily with high-net-worth and non-high-net-worth individuals, as well as pension and profit sharing plans, charitable organizations and corporations.
As a fee-based firm, some advisors are licensed to sell insurance and investment products, and could earn commissions on those transactions. Advisors are required by Alisa Capital's fiduciary duty to act in the best interests of their clients.
The firm does not have a minimum account size. Alisa Capital, however, charges an annual management fee, ranging between .35% and 1.57% of total assets under management.
Alisa Capital Background
Headquartered in Draper, Utah, Alisa Capital was founded in 2005. The firm is wholly owned by John A. Martindale.
The advisor team includes one certified financial planner (CFP).
Alisa Capital Strategy
Alisa Capital manages and evaluates portfolios based on client investment goals and objectives.
- Financial planning
- Portfolio management
- Recommends third-party managers
Financial Network Wealth Management, LLC.
Financial Network Wealth Management, LLC. (FNWM) works primarily with high-net-worth and non-high-net-worth individuals, as well as pension and profit-sharing plans, charitable organizations, other investment advisors and corporations.
As a fee-based firm, some advisors are licensed to sell insurance and investment products, and could earn commissions on those transactions, something that could pose a conflict of interest. FNWM’s fiduciary duty, however, requires advisors to act in the best interests of their clients.
The firm has a minimum account requirement of $25,000. FNWM also charges an annual management fee ranging between .6% and 1.1% of total assets under management.
Financial Network Wealth Management Background
Headquartered in Draper, Utah, FNWM does business as Olde Wealth Management and was founded in 2020. The principal owners of the firm are Micah Brooks and Denton Olde.
The advisor team includes one certified financial planner (CFP) and one chartered market technician (CMT).
Financial Network Wealth Management Strategy
FNWM manages and evaluates portfolios based on client investment goals and objectives. The firm’s investment philosophy is based on modern portfolio theory (MPT), which selects assets based on how they interact with one another instead of how they perform on their own.
- Investment planning
- Retirement planning
- Estate planning
- Charitable planning
- Insurance planning
- Tax planning
- College planning
- Business planning
- Debt/credit planning