Question 1

Why should I hire a financial advisor to manage my money?

Accepted Answer

The core objective of a financial advisor is to get your finances on the right track & help you strategize your spendings, investments & savings to mitigate the future financial risks. A financial advisor creates a plan for you based on your short term & long term financial goals keeping the market situations into consideration and provides you a roadmap to attain those goals.

Question 2

How can I pick a good financial advisor?

Accepted Answer

A good financial advisor is the one who has a sound knowledge of managing finances, the experience of working with market ups & downs & most importantly - understands your financial goals & needs well. To find a 'good' financial advisor, you need to get your financial goals defined & choose the best fiduciary financial advisor that puts your best interest on priority. Choose the best financial advisor for you with our financial advisor's directory.

Question 3

What's the difference between a financial planner and a financial advisor?

Accepted Answer

A financial Advisor provides a vast spectrum of advisory investment management, debt repayment, tax planning, estate planning, retirement planning, insurance depending on your need, whereas a financial planner helps you create a financial plan to help you meet your goals. While the work of a financial planner & a financial overlap at a certain point, there is a fine line of difference based on cost, goals & way of working between the two.

Question 4

How much money should you have before getting a financial advisor?

Accepted Answer

The cost of a financial advisor depends upon factors like experience, certifications & the type of financial advisor. Cost varies as per the type of financial advisor you choose as no one-size-fits-all compensation option for advisors. The most common ways a financial advisor is compensated are fee-only, hourly rates, commission-based, fixed flat rates & percentage of the account. You need to talk to your advisor about the cost involved before hiring the one.

Question 5

What type of financial advisor do I need?

Accepted Answer

Given a wide variety of financial advisors, if you are unable to analyze the type of financial advisor you need, you should consult an advisor who can look at the complete picture. In general terms, the CFP or ChFC certified financial advisor is a preferred choice as in order to achieve the certification one needs a good amount of hands-on experience.

Firm Name	Firm CRD#	Total AUM	No. of Clients	Fee Structure
FORESIGHT WEALTH MANAGEMENT, LLC 11550 South 700 East, Suite 100 Draper, UT, 84020	153881	$1,347,928,530	3243	A Percentage of AUM, Hourly charges, Fixed Fees, Performance Based
HEALTHEQUITY ADVISORS 15 West Scenic Pointe Drive, Suite 100 Draper, UT, 84020	167105	$1,069,392,062	102270	A Percentage of AUM, Fixed Fees
TOWER ARCH CAPITAL 14034 S. 145 E., Suite 300 Draper, UT, 84020	169057	$890,840,879	5	A Percentage of AUM, Performance Based
NAVIGATE PRIVATE WEALTH, LLC 12012 South 700 East, Suite 100 Draper, UT, 84020	170774	$338,929,515	2059	A Percentage of AUM, Hourly charges, Fixed Fees
ELEVATED CAPITAL ADVISORS, LLC 11925 South 700east, Draper, UT, 84020	226721	$311,943,709	2139	A Percentage of AUM, Hourly charges, Fixed Fees, Other (REFERRAL FEES FROM THIRD-PARTY MONEY MANAGERS, WORKSHOPS / SEMIN)
COIGN CAPITAL ADVISORS LLC 12012 South 700 E., Suite 100 Draper, UT, 84020	171306	$278,904,679	875	A Percentage of AUM, Fixed Fees
LONE PEAK ADVISERS 11650 South State Street, Suite 200 Draper, UT, 84020-7150	296772	$148,039,344	440	A Percentage of AUM

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Last Updated - 13-Jun-2023

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