How to Find Investment Firms in Lehi, UT
If you’re considering investing your hard-earned money, selecting the right investment firm to manage your assets is crucial. This article provides investment-firm basics, including their services and how to find investment firms in Lehi, UT.
The Importance of a Fiduciary
You might consider working with a fiduciary investment firm if you want objective advice. Our wealth management firm in Lehi, UT, is a fiduciary because we believe unbiased advice is the best way to help clients achieve their goals.
Because of our belief, this article focuses on fiduciary firms, such as Registered Investment Advisors (RIAs). An RIA must provide fiduciary investment advice, which means they have a legal obligation to act in clients’ best interests.
In addition, you might consider a fee-only firm. A fee-only investment firm charges clients for its services and doesn’t receive commissions for recommending certain products. A fee-only structure helps eliminate the conflict of interest arising when firms receive third-party compensation for recommending products.
Investment Services
Now, let’s talk about what investment firms offer. Many investment firms will create and implement long-term investment strategies based on your goals. They may perform asset allocation, which involves dividing your investments among asset classes such as stocks, bonds, and real estate.
Additionally, they may diversify portfolios to help you achieve the returns needed for your goals without exposing you to too much risk. They may offer ongoing portfolio management to monitor progress toward your goals and update it as needed. They may also rebalance, adjusting your portfolio to help ensure it aligns with your target asset allocation.
Depending on your needs, you might prefer investment management only or have your investment management integrated into a comprehensive financial plan. Your planning would coordinate all your financial areas, such as retirement, tax, and estate planning.
Finding Investment Firms in Lehi, Utah
So, how do you select an investment firm in Lehi? One option is to ask for recommendations from family, friends, or colleagues. They may have experience with investment firms and can offer insights into their experiences. Similarly, you might ask your CPA or attorney for a referral.
Another option is to research investment firms online. Many firms have websites that provide information on their investment philosophy, services, fees, and process. This can give you a good idea of what the firm offers and whether it aligns with your goals.
You can check out the advisor on the Securities and Exchange Commission’s Investment Adviser Public Disclosure (IAPD) page. This page contains information on investment advisors and firms, including their registration status, background, and any disciplinary actions taken against them.
Finally, once you’ve narrowed your options, it’s a good idea to schedule a consultation with potential advisors. This call can give you an opportunity to ask questions and get a sense of the firm’s investment philosophy and approach. You can share your concerns and goals that prompted you to seek an investment firm, and they can share how they may help you.
Our fiduciary wealth management firm offers a 15-minute call to discuss your concerns and situation. Schedule a call today.
This material was generated using artificial intelligence (ChatGPT) and edited by Kaleido Inc. from information derived from sources believed to be accurate. This information should not be construed as investment, tax, or legal advice.
Parkshore Wealth Management is a family-owned, independent, fee-only Registered Investment Advisor with offices in Roseville and Folsom, CA, and Lehi and Logan, UT. We partner with financially responsible individuals and families who are eager to take positive steps that will allow them to use their money to build the life they desire. The firm is led by Harold Anderson, CFP®, and Daniel Andersen, CFP®, both members of NAPFA, the country’s leading professional association of fee-only financial advisors.