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Top Financial Advisors in Provo, UT

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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 Paragon Wealth Management logo Find an Advisor

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$149,408,302 $200,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets


Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)

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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure 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.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research