Top Financial Advisors in Utah

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The top-ranking firm on our list is Soltis Investment Advisors, a firm located in St. George, Utah. Its staff includes such advisory certifications as certified financial planner (CFP), certified investment management analyst (CIMA), chartered financial analyst (CFA) and accredited investment fiduciary (AIF).

Soltis generally requires clients to maintain an account size of at least $750,000. The majority of the firm’s clients are individuals and high-net-worth individuals, but it also serves institutions, corporations, endowments, charitable organizations, foundations, pension plans and 401(k) plans. Soltis is a fee-only firm.

Soltis Investment Advisors Background

Soltis Investment Advisors’ roots date back to 1993, when its predecessor, Smith Henderson and Associates, was formed. The firm is currently owned by Soltis, Inc.

Soltis refers to the bundle of advisory services it provides to clients as The Investment Management Discipline. This includes a review of a client's investment goals and objectives, the recommendation of an appropriate asset allocation and investment selection, financial planning and consulting services and pension/401(k) consulting advisory services.

As a firm, Soltis has earned a certification from the independent, globally recognized Centre for Fiduciary Excellence (CEFEX), which demonstrates a firm's adherence to strict fiduciary standards. In addition to this certification, Soltis has earned a number of awards. In 2017, Soltis ranked on Barron's and Financial Times' lists of the top financial advisors in the country.

Soltis Investment Advisors Investment Philosophy

Soltis Investment Advisors applies both quantitative and qualitative methods of analysis when selecting a manager or stock. Quantitative evaluation uses computer databases and securities pricing services to analyze performance, while qualitative evaluation involves looking at the education, experience and performance  of money managers. 

Soltis aims to identify investment opportunities that most closely align with clients' objectives and risk tolerance. These are both outlined in a client's investment policy statement, the creation of which is the first step in a client's investment management process.

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Summit Global Investments is a fee-only firm that caters to a diverse range of client types. They serve individuals who have a high income, either individually or jointly with their spouse, and have a reasonable expectation of maintaining that income level. They also work with trusts with significant assets, entities with accredited investors as equity owners, private business development companies, and organizations such as corporations, partnerships and trusts with total assets exceeding $5,000,000. The firm's name and headquarters address are not mentioned. There is no potential conflict of interest in the sale of securities since the firm doesn't earn additional commissions. 

Summit Global Investments Background

Summit Global Investments was established in 2010 by David Harden. The firm currently has twelve financial advisors who manage more than $1.5 billion in assets under management (AUM) with more than 3,600 clients. 

Summit Global Investments Investment Strategy

implements investment strategies that prioritize risk and return based on the unique risk tolerance and suitability profile of each client. These strategies involve allocating client assets across a diverse range of investment options, including mutual funds, exchange-traded funds, fixed-income and cash instruments, equity securities, corporate debt securities, municipal securities, US government securities, leveraged funds, sector funds, options, structured products, private equity, private capital and more.?The firm takes into account the risk profile and ultimate goals of each client. 

To ensure optimal risk-adjusted returns, SGI follows industry best practices and conducts rigorous quantitative and fundamental analysis in securities selection. The firm's approach to equity investing focuses on managing the overall risk of the portfolio rather than specific exposures to growth or value. This risk management approach is adjusted over time based on market conditions, economic factors and market cycles.?

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Alta Capital Management is a fee-based firm, as some employees are also broker-dealers, meaning they can earn commissions. This is a conflict of interest, but all advisors must act in the best interest of the client when serving as an advisor. The firm works mostly with individuals, the majority of whom are not high-net-worth. Institutional clients include investment companies, pooled investment vehicles, pension and profit-sharing plans, charitable organizations, government entities, corporations, religious groups, limited partnerships and UMA platforms.

Fees at Alta Capital for investment management are based on a percentage of assets under management. The minimum account size is $250,000 for retail equity accounts, $300,000 for retail balanced accounts and $500,000 for retail fixed income accounts. The minimum account size for institutional accounts is $5 million.

The team at Alta includes four chartered financial analysts (CFAs).

Alta Capital Management Background

Alta Capital was founded in 1981, It is principally owned by Guardian Capital, LLC, while Michael Tempest, Melanie Peche, Nathan Rhees, Andrew Schaffernoth, Casey Nelsen and Tyler Partridge all serve as minority owners.

Services offered include investment management, unified managed accounts and wrap programs.

Alta Capital Management Investment Strategy

Nearly all of the money managed by Alta Capital is invested in individual stocks, with bonds and cash holdings each making up a small portion.

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Drive Wealth Advisors is a fee-based firm located in Lehi. The staff here includes such certifications as certified financial planner (CFP), chartered financial analyst (CFA) and certified public accountant (CPA).

This is a fee-based firm, so some advisors earn commissions in addition to advisory fees. This is a potential conflict of interest, but advisors still must act in the client's best interest. Clients at Drive include individuals (some of whom are high-net-worth), pension and profit-sharing plans, charitable organizations and corporations.

There is no set account minimum.

Drive Wealth Advisers Background

Drive Wealth Advisers was founded in 2015 and is owned by Crabb Financial, LLC. That firm is solely owned by Lowell C. Crabb, who is also the chief compliance officer at Drive.

Services include portfolio management, recommendation of subadvisors, financial planning, pension consulting and general consulting.

Drive Wealth Advisers Investment Strategy

Stocks make up about half of the investments at Drive Wealth Advisers. Bonds are also used, as are mutual funds, pooled investment vehicles and cash holdings. Advisors at Drive work directly with clients to determine an overall financial profile for each client. This allows advisors to craft investment strategies to the needs of each client.

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Albion Financial Group has a number of advisory certifications on staff, such as certified financial planner (CFP), chartered financial analyst (CFA) and chartered life underwriter (CLU) on its advisory team. This firm is also on SmartAsset's list of the top financial advisor firms in Salt Lake City.

The fee-only firm does not require a minimum account size. Its typical clients are individuals, families, corporations and businesses. Albion tends to serve more non-high-net-worth clients than high-net-worth clients.

The firm may charge performance-based fees when an account performs better than projected.

Albion Financial Group Background

Albion Financial Group is one of the oldest firms on this list, as it was established in 1982. Albion is independently owned by CEO William Levitt, President John Bird and partner Doug Wells, among a few other of the firm's employees.

Regardless of the type of financial services you need, this firm likely has something to offer you. Its wide range of services includes:

• Education fund planning
• Divorce planning
• Retirement planning
• Net worth and cash flow analysis
• IRA, 401(k) and pension guidance
• Albion Wealth Builder robo-advisor
• Philanthropic investing
• Non-profit consulting
• Corporate trust services
• Small business consulting

Albion Financial Group Investing Strategy

At Albion Financial Group, your personal financial goals, risk tolerance and time horizon will shape your final investment plan. To iron out these details, your advisor will meet with you face-to-face so you can discuss your current financial life and determine your financial goals.

This firm believes in using many different types of investments in client portfolios. Your assets may be invested in equity and debt securities, exchange-traded funds (ETFs), no-load and closed-end mutual funds, corporate and municipal bonds, convertible securities and U.S. government securities.

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Foresight Wealth Management is a fee-based firm in Draper that works with individuals, high-net-worth individuals, pooled investment vehicles, pension and profit sharing plans and corporations. The team at Foresight includes such certifications as chartered financial advisor (CFA), chartered alternative investment advisor (CAIA), retirement income certified professional (RICP), chartered life underwriter (CLU) and chartered financial counselor (ChFC).

The minimum investment at Foresight is $100,000. Some advisors earn commissions from the sale of financial products This is a potential conflict of interest, but advisors must always act in the best interest of the client.

Foresight Wealth Management Background

Foresight was founded by CEO Adam Nugent in 2010. Services include investment supervision, pension consulting, selection of other advisors and financial planning. It only became an SEC-registered investment advisor in 2015.

Foresight Wealth Management Investing Strategy

The most commonly used investments for clients of Foresight are stocks, bonds, ETFs, mutual funds and options. For some sophisticated clients, it may recommend using hedge funds and private equity funds. The firm looks to tailor its investment advisory services and strategies to the needs of its clients.

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Physician Wealth Advisors is a financial advisory firm that is owned by the Utah Medical Association and caters to its members. The firm, which describes its team as "specialists in financial planning for physicians," primarily serves physicians and their families. It also works with other entities connected to the Utah Medical Association, like corporations, foundations, endowments, pension and profit-sharing plans, trusts, estates and charitable organizations. Clients don't have to meet a minimum account requirement to work with the firm.

UMA Financial Services is a fee-based firm, as it earns money from avenues other than the fees its clients pay. Certain employees are licensed insurance agents, and the firm directly earns commissions from the sale of insurance products. It is a fiduciary though, requiring it to act in clients' best interests.

Physician Wealth Advisors Background

As mentioned above, the firm is owned by the Utah Medical Association. The group markets the firm's services to its members. The firm has provided investment advisory services since 1993.

The firm says it strives to make financial planning less confusing and complicated for its clients so they can better protect and grow their budding wealth. It provides its clients with investment management and a range of financial planning services. This includes retirement planning, income planning, risk management, debt management and college funding planning. 

Physician Wealth Advisors Investment Strategy

The investment philosophy of the firm rests on the fundamental belief that securities prices are a reflection of all publicly available information, with the exception of misinformation. It acknowledges that misinformation can cause pricing inefficiencies.

When constructing client portfolios, the firm diversifies assets across countries and throughout asset classes. The firm strives to build portfolios in accordance with each client's risk tolerance and time horizon. It believes in regularly dynamically rebalancing portfolios whenever pre-determined asset weightings fall out of line.

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Requiring a $2 million minimum account size, Crewe Advisors is next on our list. It primarily serves individual investors, businesses, charitable organizations and insurance companies. More specifically, the firm’s individual client base is split between high-net-worth individuals and those without a high net worth, though it works with slightly more high-net-worth individuals.

Crewe Advisors is a fee-based firm. Advisors may earn commissions from trading certain investments in your account or from selling insurance policies. However, the firm's fiduciary duty binds the firm and its representatives to act in clients' best interests at all times.

Crewe Advisors Background

Crewe Advisors was founded in 2014. Crewe is owned by business services company HH2007, LLC, business management firm Tidus, LLC and holding firms T2, LLC and Crewe Holdings, all of which are owned or controlled by members of the firm.

The firm’s financial planning services encompass investment management, college fund planning, debt and credit planning, retirement planning, tax minimization, executive counseling, business succession planning and life insurance review.

Crewe Advisors Investing Strategy

There are several basic factors that Crewe Advisors takes into account when building your personalized financial plan: your current financial situation including your income and tax status, your level of risk tolerance, your overall time horizon and any financial goals you may want to reach in that time span. Based on these factors, the firm will invest your assets across exchange-traded funds, mutual funds, individual fixed-income and equity securities and private securities.

Like many other firms, Crewe believes in long-term investing. However, because some clients may have a need for liquidity, the firm does engage in some short-term strategies like short-term trading, short sales and margin transactions to ensure it meets those needs.

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Capita Financial Network is a fee-based firm in Sandy. It works only with individuals, most of whom are not high-net-worth. There is no minimum account size.

The firm does not provide a list of advisor certifications. Some advisors at the firm earn commissions for selling financial products. This is a potential conflict of interest, but advisors must always act in the client's best interest.

Capita Financial Network Background

Capita Financial Network was founded in 2018 by Michael Littledike. The firm is owned by MBL Financial, LLC, which is owned by Michael and Britney Littledike.

Services at Capita include wealth management, investment management and financial planning.

Capita Financial Network Invesment Strategy

Capita Financial Network use seperately managed accounts to create strategies for each client. Investments include mutual funds, exchange-traded funds, annuities, stocks and bonds. Like most advisory firms, Capita works with clients on an individual basis to determine their financial situation. That way they can easily craft tailored advisory services.

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Olympus Wealth Managementis, LLC is based in Cottonwood Heights. It works with a mix of high-net-worth and non-high-net-worth individuals, plus institutional clients including pooled investment vehicles, charitable organizations and corporations.

The team at Olympus includes four certified financial planners (CFPs). Other certifications earned include chartered financial counselor (ChFC), certified investment management analyst (CIMA), certification for long-term care (CLTC), chartered retirement plan counselor (CRPC) and accredited financial counselor (AFC). This is a fee-only firm, so advisors at Olympus don't earn commissions or transaction-based fees. Instead, their only compensation is the fees they charge clients.

There is no set account minimum at Olympus, but there is a minimum annual fee of $14,000, so it won't make sense for some smaller accounts to use this firm.

Olympus Wealth Management Background

Olympus Wealth Management was founded in 2013 and is owned by The Bird Family Trust, Matthew T. Bloom-Krull and the Poelman Family Trust, with each owner having exactly one-third of the firm.

Services include financial planning and investment management.

Olympus Wealth Investment Strategy

Mutual funds, index funds and ETFs are the most popular investments made by advisors at Olympus Wealth Management. Individual equities and bonds may also be used. Advisors work with clients on an individual basis to determine their investment goals and financial situations. This way, they can create individualized portfolios instead of taking a single, broad-brush approach.