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Best Financial Advisors in Sandy

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TrueNorth Wealth logo
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TrueNorth Wealth

1935 East Vine Street #120, Salt Lake City, UT 84121
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  • Financial Planning

Business Description

TrueNorth Wealth is a financial management firm serving clients in Sandy and the neighboring areas. Since its establishment in 2006, the firm has managed over $800 million in client assets. Its financial advisors hold more than 30 years of collective experience, providing financial planning, tax counseling, and investment management services, in addition to 401(k) pensions and profit-sharing plans. They cater to individuals, corporations, institutional clients, and small businesses. Its advisors aim to oversee the management of their clients' assets and wealth distribution.

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 (26)

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
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SmartAdvisor by SmartAsset logo
FEATURED
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SmartAdvisor by SmartAsset

Sandy, 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

Cambridge Financial Group logo
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Cambridge Financial Group

6440 S Wasatch Boulevard Suite 150, Salt Lake City, UT 84121
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Business Description

Cambridge Financial Group assists both individuals and businesses with various financial planning matters in the Sandy metro. The firm helps clients in reaching their financial goals by providing a wide variety of income-oriented services, such as insurance protection, estate conservation, and special needs planning. It also utilizes various financial strategies when it comes to guiding clients in achieving financial wellness. Cambridge Financial Group is affiliated with reputable organizations, like the Utah Development Disabilities Council and the National Association of Insurance and Financial Advisors.

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.
4.8
Facebook
5.0 / 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
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Capita logo
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Capita

9980 S 300 W #140, Sandy, UT 84070
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  • Estate Planning

Business Description

Capita is a financial planning firm serving individuals, families, and business owners in Sandy and its surrounding areas. It provides a wide range of financial planning solutions, including investing, income planning, estate planning, and charitable giving. Its team of financial advisors, certified public accountants, estate attorneys, and Medicare providers work together in creating plans for achieving comfortable retirements. President Michael Littledike has been working as an investment advisor for over 15 years. The company has handled more than 2,000 accounts.

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 (15)
Facebook
5.0 / 5 (1)

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
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Coign Capital Advisors logo
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Coign Capital Advisors

12012 S 700 E #100, Draper, UT 84020
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Coign Capital Advisors is a wealth management company that caters to Sandy clients. It generates financial plans for individuals and advises on areas like retirement and taxes. The company also deals with business consulting and portfolio management. It has experience guiding clients through the process of putting capital in alternative investments. The company's founding partner, J. Matthew Zundel, has over 25 years of experience in finance. He served as a board member for the Salt Lake City-based software company JANIIS.

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 (18)

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
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Detail
Dentist Advisors logo
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Dentist Advisors

879 Baxter Drive, South Jordan, UT 84095
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Dentist Advisors is a fiduciary that provides financial planning and investment management services specifically for dentists in Sandy and nearby areas. The firm offers personal financial planning service models for associates and early-career dental clinic owners, established owners, and proprietors of large or multi-location dental clinics. Several dental industry service providers are affiliated with the firm, including Productive Dentist Academy. Founder and CEO Reese Harper is the Dentist Money Show podcast host. He holds a CFP designation.

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
Diversify logo
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Diversify

9017 S. Riverside Drive Suite 200, Sandy, UT 84070
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  • Certified Financial Planner (CFP)

Business Description

Diversify provides financial solutions to individuals and families in Sandy and nearby areas. It offers a comprehensive platform of wealth management solutions, as well as investment and insurance products. It handles retirement and estate planning, asset protection, and business continuation plans. The firm follows an independent model that allows its advisors to explore different investment and insurance arenas in creating personalized financial plans. Diversify has been in the industry since 2004. It is affiliated with DFPG Investments, LLC.

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.
4.5
Google
4.5 / 5 (11)

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
Everspire logo
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Everspire

6900 S. 900 E. Suite 200, Midvale, UT 84047
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  • Retirement Planning
  • Financial Planning

Business Description

Everspire is a financial firm that has been serving clients in the Sandy area since 1953. It provides financial advice for a wide range of areas, including retirement planning, investments, 401Ks, E6 portfolios, 1031 exchanges, and donor-advised funds. Additionally, it works on opportunity zones to assist economically distressed communities with tax benefits and qualified opportunity funds. Its advisors also help find risk scores. Everspire's director of investments, Jason Lindquist, co-founded a start-up investment management firm before joining the team.

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.
4.9
Google
4.9 / 5 (30)
Yelp
5.0 / 5 (1)

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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  • Certified Financial Planner (CFP)

Business Description

Foresight Wealth Management caters to individuals, families, and businesses in Sandy and the surrounding areas. It helps clients take charge of their financial future by providing them with a wide range of services, including risk management, investment management, and income, tax, retirement, and social security planning. Its professionals work with customers to determine their goals and help them develop a financial plan that addresses their needs and wants. Chris Light, one of the company's wealth advisors, has earned the CFP and RICP designations.

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
Integrated Financial Group logo
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Integrated Financial Group

10610 South Jordan Gateway Suite 210, South Jordan, UT 84095
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Investment Management
  • Financial Planning

Business Description

The Integrated Financial Group handles the financial planning needs of individuals, families, and businesses around Sandy. It strives to learn about a client's specific plans and needs to create a tailored plan for them. It covers a selection of concerns, including insurances, income tax management, wealth planning, and asset protection. Senior partner and co-founder James F. Davenport is a Certified Financial Planner who has been part of the Top 50 Advisors for Royal Alliance Associates, Inc., from 2013 to 2021.

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.
4.9
Google
4.5 / 5 (182)
Facebook
4.5 / 5 (57)

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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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Medicus Wealth Planning is a firm serving Sandy and the surrounding communities. It assists retired individuals and those who are approaching retirement with their financial planning and investment management needs. The process includes an initial consultation, data gathering, financial planning, plan presentation, and implementation. Its team of professionals also reviews and updates clients' financial plans and investments. The firm's president, Kevin Michels, is a Certified Financial Planner who has been featured in different publications such as MSN Money, NASDAQ, and Utah Business Magazine.

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
Net Worth Advisory Group logo
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Net Worth Advisory Group

75 W. Towne Ridge Parkway, Ste. 460, Sandy, UT 84070
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  • Finance Planning

Business Description

Net Worth Advisory Group is a firm serving Sandy residents. It offers consultation and customized financial planning services involving education, estate, retirement, and tax. Its other services include insurance evaluation and investment and wealth management. The professionals from the company assist clients in managing their finances and constructing investment portfolios that align with their financial goals. Their client base includes affluent individuals and families, business owners, retirees or professionals contemplating retirement, and companies.

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 (52)
Facebook
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
RFK Capital Management logo
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RFK Capital Management

9425 South Union Square Suite 102, Sandy, UT 84070
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

RFK Capital Management is a project-based financial planning firm that serves DIY investors and those that want to become DIY investors in Sandy. Its main service includes financial review. The firm believes that investors can be well served by a one-time financial review or a one-time financial plan. It assists clients in investment management by creating personalized financial plans, cash flow plans, insurance policies reviews, and investment policy statements. Founder Ryan Kelly is a CFP with more than 10 years of experience in investment management.

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 (8)

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
Stonecreek Wealth Advisors logo
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Stonecreek Wealth Advisors

11650 So. State Street, Suite 360, Draper, UT 84020
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  • Estate Planning

Business Description

Stonecreek Wealth Advisors serves families and small businesses in and around the Sandy metro area. It offers wealth management services, with its financial professionals helping individuals and families in managing their investment portfolios, implementing tax-reduction strategies in retirement and estate planning, and planning for business succession. For businesses, the firm helps owners and corporate clients develop 401k plans for their employees. Founder Mark K. Lund authored “The Effective Investor,” a book detailing investment strategies outside of the speculative method.

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 (20)
Facebook
5.0 / 5 (7)
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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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning
  • Chartered Financial Analyst (CFA)

Business Description

SwitchPoint Financial Planning is a retirement planning and investment management firm serving Sandy. Its range of services focuses on financial planning and investment and wealth management. It assists families and individuals in developing tailored plans that help them achieve their financial goals, including developing and implementing an investment policy statement. In addition, it offers charitable gift, college savings, retirement income, and tax planning assistance. Other services include beneficiary, estate, and life insurance review, and social security maximization analysis.

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
Back to Providers

Frequently Asked Questions

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.

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.

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 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.

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.

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.

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 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.

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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