The Top Financial Advisors in Draper, UT

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Foresight Wealth Management is a Draper-based financial advisory that 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 holds 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 an 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.

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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.

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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)
• Moderate
• Moderately Aggressive
• Aggressive 

These portfolios generally offer exposure to individual stocks, bonds, exchange-traded funds (ETFs), options, mutual funds, structured notes and other public and private securities.

The firm reviews these portfolios at least quarterly and makes adjustments if deemed necessary based on the client’s goals and financial condition.

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Ailsa Capital is a fee-based advisory firm offering services of financial planning and consulting, asset management and the recommendation of third-party managers. As a fee-based firm, its advisors may earn commissions on the sale of certain securities that are recommended to its clients. This has the potential of creating a conflict of interest, but the firm and its advisors are bound by a fiduciary duty to put the needs of the client first. 

The firm primarily works with high-net-worth individuals, pension plans, profit-sharing plans, corporations and other business entities. There is no minimum account requirement in order to work with the firm. 

Ailsa Capital Background 

Ailsa Capital was founded in 2005 and today is managed by the Managing Partner, John Martindale, who has been awarded the chief financial planner (CFP) designation. The firm currently has four advisors. The name of the firm comes from Ailsa Craig, which is considered a land-based beacon to mariners navigating the seas between Ireland and Scotland. Likewise, the firm aims to be a financial beacon for its clients.

Ailsa Capital Investment Strategy

The firm provides advisory services based on the individual client's investment goals, financial goals, financial capabilities, expected time horizon and the client's overall risk tolerance. A client's portfolio may have a combination of mutual funds, stocks, real estate, the use of money managers and other investment advisors. Every client account is classified into one of these categories: 

• Capital Preservation: Emphasizes current income, low risk and prevention of capital loss
• Balanced Income: Emphasizes current income with low to moderate risk in equities
• Income & Growth: Emphasizes current income with moderate risk in equities
• Balanced Growth: Emphasizes reasonable growth with moderate risk, weighted more in equities
• Growth: Emphasizes long-term growth with moderate to high risk in equities
• Aggressive Growth: Emphasizes maximum growth and capital appreciation in equities (highest risk)

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Lone Peak Advisers (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 of 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

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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 0.6% 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.

Services include:

• Investment planning
• Retirement planning
• Estate planning
• Charitable planning
• Insurance planning 
• Tax planning
• College planning
• Business planning
• Debt/credit planning