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Best Financial Advisors in Provo

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Provo, UT
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Business Description

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Yelp
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
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Price: Free consultation

Axio logo
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Axio

1145 S 800 E, Orem, UT 84058
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  • Certified Financial Planner (CFP)

Business Description

Serving the Provo area, Axio helps individuals gain financial literacy. The firm assists executives and business owners in building their wealth through financial planning. The process comprises an in-depth evaluation of a client’s financial picture to draft a comprehensive road map. It also collaborates with client service, marketing, and operations specialists on matters involving assets protection, tax and estate planning, and charitable giving. Founder and wealth manager Robert Shelton has over 15 years of experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
Boss Retirement Solutions & Advisors logo
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Boss Retirement Solutions & Advisors

180 N. University Ave. Suite 150, Provo, UT 84601
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  • Finance Planning
  • Financial Planning

Business Description

B.O.S.S. is an independent financial services firm serving Provo and the surrounding communities. It offers a wide range of services including tax minimization, risk assessment, retirement income planning, and social security maximization. The financial planning process includes uncovering the client's vision of their ideal retirement, assessing their financial situation, and designing a strategy. The firm's CEO, Tyson Thacker, has an extensive background in banking, mortgage, real estate development, and wealth management strategies. He also shares his finance expertise in ABC's Good 4 Utah.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.6 / 5 (139)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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Detail
––
FirstPurpose Wealth logo
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FirstPurpose Wealth

462 East 800, North Orem, UT 84097
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  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Planning

Business Description

FirstPurpose Wealth is a financial advisory firm that serves Provo and the neighboring communities. It assists individuals, retirees, and business owners in achieving financial security and stability. The firm creates integrated financial plans that include tax planning, investment management, and retirement planning. It partners with other firms, such as Equity Trust Company, Dimensional Fund Advisors, and DFPG Investments, LLC. FirstPurpose Wealth also works with the pre-existing financial advisors of clients. It was established in 2000.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.2 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Foresight Wealth Management logo
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Foresight Wealth Management

11550 South 700 East, Suite 100, Draper, UT 84020
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  • Retirement Planning

Business Description

Foresight Wealth Management offers financial planning to the locals of Provo. The company helps its clients achieve their long-term financial goals via income planning, tax planning, and risk management. It is also able to provide hands-on, customized investment management to services individuals, families, and businesses, operating as a fiduciary to its clients. Adam Nugent founded Foresight Wealth Management with a mission to help its clients improve their standard of living and preserve their wealth for themselves and their future generations.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Medicus Wealth Planning logo
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Medicus Wealth Planning

11681 S 700 E Suite 200, Draper, UT 84020
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  • Retirement Planning

Business Description

Founded in 2014, Medicus Wealth Planning is a fiduciary financial firm that serves individuals and businesses in Provo and neighboring areas. It provides tax-efficient financial planning and investment management services for retirees and for those within years of retiring to help them achieve their financial goals. Its financial advisors hold Certified Financial Planner designations. Owner Kevin Michels is also an IRS Enrolled Agent. The firm has appeared on different media outlets like Yahoo Finance, MSN Money, and Utah Business.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.4

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Peterson & Assoc. Inc. logo
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Peterson & Assoc. Inc.

1432 East 840 North, Suite 100, Orem, UT 84097
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  • Private Wealth Advisor

Business Description

Peterson & Assoc. Inc. offers financial advising services to individuals and entities in Provo and surrounding areas. It handles business consulting, tax planning, complete accounting services, and wealth management. It educates the clients about diversities in taxes, investment strategies, and asset classes, such as equities, debts, and alternatives. It also assists clients in preparing income tax returns, processing payroll, and bookkeeping. One of its partners, Layne Peterson, is a certified public accountant who has provided CFO and controller services in the manufacturing, and retail industries.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (14)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
ROI Wealth Management logo
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ROI Wealth Management

2901 W. Bluegrass Blvd, Suite # 200-99, Lehi, UT 84043
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  • Retirement Planning

Business Description

ROI Wealth Management is a Utah-based insurance agency that helps individuals in Provo to achieve their personalized financial goals. Under its comprehensive financial planning services, its team deals with clients' cash flow, taxes, family concerns, retirement, and long-term care. The agency's financial planners also consider affairs, including the death of a loved one, while working to protect clients against financial obstacles such as fear and greed. In addition, its staff has over five decades of shared experience in the industry.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (21)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Squire Wealth Advisors logo
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Squire Wealth Advisors

1329 South 800 East, Orem, UT 84097
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  • Estate and Trust Specialist
  • Retirement Planning
  • Tax Planning

Business Description

Squire Wealth Advisors helps clients in Provo achieve long-term financial wellness. Its advisors manage clients' investment portfolios and plan financial resources for achieving clients' desired retirement lifestyle. They also offer recommendations to help minimize tax burdens and to purchase insurance products to protect their assets from risks. In addition, they guide individuals in education, business, and charitable giving planning. Wayne Barben, a partner in the firm, is a certified public accountant and a Personal Financial Specialist specializing in tax, pension, and retirement planning.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (1)
Stonecreek Wealth Advisors logo
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Stonecreek Wealth Advisors

11576 South State Street, Bldg. 1002, Draper, UT 84020
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  • Retirement Planning

Business Description

Stonecreek Wealth Advisors is a fiduciary firm that serves families and small businesses in Provo and the surrounding areas. Its financial advisors assist clients in their investment management, retirement planning, and financial planning. They advise individuals who accumulate wealth through inheritance, lotto jackpot, or legal decisions on what to do with their finances. For small businesses, the company provides 401k and cash balance plans. Founder Mark K. Lund is the author of The Effective Investor.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (6)
SwitchPoint Financial Planning logo
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SwitchPoint Financial Planning

2901 W, Bluegrass Blvd Suite 200-26, Lehi, UT 84043
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  • Certified Financial Planner (CFP)
  • Tax Planning

Business Description

SwitchPoint Financial Planning is an advisory firm that serves individuals, high-income professionals, and business owners in the Provo metro. It provides wealth management services, guiding clients in securing financial independence through investment strategies. The company helps individuals plan their estate and retirement with the focus on achieving their financial goals. One of its advisors, James Sweeney, is a member of NAPFA. He earned the Chartered Financial Analyst designation from CFA Institute. Sweeney is also a CFP.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (13)
Google
5.0 / 5 (7)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
The Norden Group logo
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The Norden Group

5255 N Edgewood Drive, Suite 225, Provo, UT 84604
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  • Certified Financial Planner (CFP)
  • Private Wealth Advisor
  • Tax Planning

Business Description

The Norden Group is a firm in Provo that offers financial solutions such as tax optimization, investment management, estate planning, and asset protection. It serves clients including business owners, retirees, working professionals, and corporations. Using a client-centered approach, the business coordinates closely with clients in the drafting, implementing, and managing of their comprehensive financial roadmaps. Ray Johns, the managing partner of The Norden Group, has almost 20 years of experience in the financial planning industry.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (15)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
Timpanogos Financial Advisors logo
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Timpanogos Financial Advisors

821 North 900 West Suite 304, Orem, UT 84057
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  • Certified Financial Planner (CFP)

Business Description

Timpanogos Financial Advisors serves clients in Provo. It assists individuals in reaching their financial goals through various financial planning services that include cash flow, asset, and debt management. Its financial advisors work with clients in identifying strategies that fit their unique financial situations and objectives. They also provide proactive financial planning services by sharing their insights on current industry developments and emerging trends. Jason F. Payne is a certified financial planner with more than 26 years of industry experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)
White Cap Wealth Management logo
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White Cap Wealth Management

3325 N. University Ave Build 3 Suite 150, Provo, UT 84604
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  • Retirement Planning
  • Tax Planning

Business Description

White Cap Wealth Management assists clients in Provo and the neighboring areas handle their finances and maximizing their net worth. Its services, which include assistance in 401(k) asset allocation, caters to various clients, such as early-career professionals, retirees, and divorcees. Its financial advisors treat clients as partners, establish long-term relationships, and offer a personalized approach to individuals depending on their situation. Branch manager David Johnston worked most of his 37 years with Smith Barney and Morgan Stanley.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

Introduction

There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

Are financial advisors worth it?

Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

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

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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