Finding a Top Financial Advisor Firm in Provo, Utah
Want to work with a financial advisor in Provo, Utah? We compiled this list of the city's top firms to make your search (and decision) a little easier. You can check out information about each firm, like their minimum balance requirements, services, investment strategies and more. If you still find yourself looking for a firm who serve your area, try using SmartAsset's free financial advisor matching tool.
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| Rank | Financial Advisor | Assets Managed | Minimum Assets | Financial Services | More Information |
|---|---|---|---|---|---|
| 1 |
Paragon Wealth Management
Find an Advisor
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$149,408,302 | $200,000 |
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Minimum Assets$200,000Financial Services
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What We Use in Our Methodology
To find the top financial advisors in Provo, we first identified all firms registered with the SEC in the city. 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:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Paragon Wealth Management
Paragon Wealth Management is the only firm in Provo that qualified for our list. The firm works primarily with non-high-net-worth individuals. Its client base also includes some high-net-worth individuals, pension plans and pooled investment vehicles. To become a client, you'll need at least $200,000 ready to invest.
Paragon is a fee-only firm. As a result, it is the sole firm on our list that earns its compensation from just the fees that clients pay for advisory services.
Paragon Wealth Management Background
David A. Young founded Paragon Wealth Management in 1993 and remains the principal owner and president of the firm. Young has been working in financial services since 1987.
Paragon offers clients investment management and supervisory services, along with financial planning. The former is available on both a discretionary and non-discretionary basis, meaning some clients grant Paragon full discretion or authority over their accounts, while others want to be consulted on individual transactions and decisions.
Paragon Wealth Management Investment Strategy
Paragon Wealth Management's advisors work with each client to develop a financial profile based on their financial circumstances and objectives. The firm then uses this information, along with its risk tolerance, to determine compatibility with its investment plans. However, clients can impose reasonable restrictions on how their assets are managed. Advisors continually monitor all client accounts.
The firm uses proprietary quantitative investment models to determine market exposure for clients' asset allocations. Advisors try to identify the best investments for each client by using methods of fundamental, technical and cyclical analysis. When it comes time to invest, the firm tends to use a range of asset classes, including mutual funds, exchange-traded funds (ETFs), individual equities, government securities and corporate bonds.
