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Top Financial Advisors in Provo, UT

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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 in your area, try using SmartAsset's free financial advisor matching tool.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Riggs Capital Management, LLC Riggs Capital Management, LLC logo Find an Advisor

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$259,976,961 $500,000
  • Financial planning
  • Portfolio management
  • Portfolio consulting

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Portfolio consulting
2 Paragon Wealth Management Paragon Wealth Management logo Find an Advisor

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$127,288,160 $200,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)

Minimum Assets

$200,000

Financial Services

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

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How We Found the Top Financial Advisors in Provo, Utah

To find the top financial advisors in Provo, Utah, 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:

Riggs Capital Management

Riggs Capital Management, LLC

Riggs Capital Management (RCM), which sometimes goes by RCM Investments, is No. 1 on our list of the top-rated advisory firms in Provo. RCM's advisory team include three certified financial planners (CFPs) and a certified public accountant (CPA). This staff works with a base of non-high-net-worth individuals, high-net-worth individuals, charities, businesses and other institutional clients. Although this firm has a $500,000 minimum investable asset requirement, it reserves the right to accept clients with less than that.

RCM is a fee-based firm, as some advisors can receive commisions from selling insurance and investment products. Although this is a potential conflict of interest, RCM is a fiduciary and is legally bound to act in your best interest at all times.

Riggs Capital Management Background

Riggs Capital Management was founded in 2002 by J. Anthony Riggs, the firm's current president and chief investment officer (CIO). Ownership of the firm is divided between three independent companies, each of which is owned by a partner at RCM.

RCM offers individualized investment management services, along with the "Customized Wealth Management" program. This program invests client assets in multiple funds through a single investment platform, utilizing a strategy of dynamic asset allocation. 

Riggs Capital Management Investment Strategy

Advisors at Riggs Capital Management base their portfolio management strategies on the financial goals, risk tolerance and desired management style of each client. The firm looks to allocate assets effectively, while keeping in line with the client's overarching investment objectives. Securities that the firm commonly uses include mutual funds, variable annuities, exchange-traded funds (ETFs), equities and bonds. The firm will reevaluate and rebalance your portfolio on a consistent basis.

Paragon Wealth Management

Paragon Wealth Management

Paragon Wealth Management, the second highest-rated firm in Provo, 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 upon their financial circumstances and objectives. The firm then uses this information, along with their risk tolerance, to determine compatability 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 indentify 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.

Least
Most
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