financial planning

Utah Financial Advisors

By Mark Davenport 7 May, 2023 2 mins read

There are many options available to you if you plan on investing your money in Utah. Foresight Wealth Management, UMA Financial Services and Cetera Advisor Networks are just a few of the options available. Each of these financial advisers offers different services. They are not affiliated or sponsored by the Bank of Utah. Your investments could lose value because they are not FDIC-insured. Therefore, you should understand that you should only use them if you are comfortable risking your own money.

Alta Capital Management

Alta Capital Management's Utah office specializes in portfolio management and investment advisory services for institutions and high-net worth individuals. Their clients include corporations, insurance companies as well public funds. Clients pay for Alta Capital Management's services as a percentage of the assets they have under management. This arrangement encourages long-term relationships. The firm doesn't charge for brokerage commissions or taxes.

Foresight Wealth Management

Foresight Wealth Management Utah was founded in 2010 and has over 45 years of experience. They also have a number of certifications. Financial advisors at the firm include chartered financial counselors (ChFC), certified financial planers (CFPs), certified investor fiduciaries (CIFs), and certified public accountants. Adam Nugent is part of the firm's financial service team.

Soltis Investment Advisors

Soltis Investment Advisors Utah has received many awards in the area of financial planning. Their services range from investments in stock markets to retirement funds. This firm caters to a sophisticated clientele. Some of their largest accounts include a top law firm in Southern California. Clients love Soltis for its experience, consistency in results and excellent service model. The firm is large but operates like a small boutique.

UMA Financial Services

Based in Salt Lake City, UMA Financial Services are a team of experienced financial advisers who work with physicians and other high-net-worth individuals. The firm offers a range of services including retirement planning, income planning, college funding planning, debt management, and risk management. UMA Financial Services strongly believes in education and transparency as an investment strategy. This philosophy stems from the realization that misinformation often leads to pricing inefficiencies.

Drive Wealth Advisors

Drive Wealth Advisers specializes in financial planning and portfolio management. It provides services such as financial planning and writing plans. Its investment philosophy encourages diversification and investments in many markets. These investments could include stocks or bonds, ETFs and mutual funds as well limited partnerships. The firm maintains a clean record and no disciplinary marks.

Decker Retirement Planning, Inc.

Decker Retirement Planning, Inc. was created with the simple concept that common-sense financial money management solutions are possible. This company specializes in retirement planning and was created to help people navigate the financial services industry. Whether you are approaching retirement or are in the process of preparing for your future, this firm has the expertise to help you find the solutions you need. Read on to learn more about how Decker helps people navigate the financial services industry.

FAQ

What is Estate Planning?

Estate Planning is the process of preparing for death by creating an estate plan which includes documents such as wills, trusts, powers of attorney, health care directives, etc. These documents are necessary to protect your assets and ensure you can continue to manage them after you die.

What are the benefits associated with wealth management?

Wealth management gives you access to financial services 24/7. Saving for your future doesn't require you to wait until retirement. It also makes sense if you want to save money for a rainy day.

You have the option to diversify your investments to make the most of your money.

You could, for example, invest your money to earn interest in bonds or stocks. You could also buy property to increase income.

If you hire a wealth management company, you will have someone else managing your money. This means you won't have to worry about ensuring your investments are safe.

How does Wealth Management work

Wealth Management involves working with professionals who help you to set goals, allocate resources and track progress towards them.

Wealth managers assist you in achieving your goals. They also help you plan for your future, so you don’t get caught up by unplanned events.

They can also help you avoid making costly mistakes.

Statistics

As of 2020, it is estimated that the wealth management industry had an AUM of upwards of $112 trillion globally. (investopedia.com)
If you are working with a private firm owned by an advisor, any advisory fees (generally around 1%) would go to the advisor. (nerdwallet.com)
US resident who opens a new IBKR Pro individual or joint account receives a 0.25% rate reduction on margin loans. (nerdwallet.com)
According to Indeed, the average salary for a wealth manager in the United States in 2022 was $79,395.6 (investopedia.com)