How to Select Asset Management Firms in Logan, UT
If you seek professional help to manage your assets and investments in Logan, UT, you might consider working with an asset management firm. In this article, we explain what asset management is and how to find asset management firms in Logan, UT.
What Asset Management Is
Asset management is the practice of managing investments such as stocks, bonds, and real estate on behalf of individuals or organizations. The goal of asset management is to help clients achieve their financial objectives while minimizing risk. Asset managers use their expertise to evaluate investment opportunities, monitor performance, and adjust investment strategies as necessary.
Asset managers may go by different titles, such as investment advisor, wealth advisor, or financial advisor. Regardless of the title, their responsibility is to help clients manage their investments. They may also provide financial planning services such as retirement planning, estate planning, and tax planning.
It’s essential to note that asset management firms are distinct from brokerage firms. Brokerages focus on buying and selling securities on behalf of clients, while asset management firms generally focus on managing investments over the long term. Although brokerages may provide investment recommendations, they typically do not offer comprehensive financial planning services.
Tips for Finding an Asset Management Firm in Logan
When seeking an asset management firm in Logan, UT, it’s vital to understand the services you’re looking for. Some firms provide only asset management, while others offer it as part of a comprehensive wealth management plan. For example, our Registered Investment Advisor (RIA) firm offers several tiers to meet clients at their life stage:
Wealth Choice: Professional advice on your specific subject
Wealth Builder: Our online investment management service
Wealth Management: Ongoing financial planning and investment management by our advisory team
If you’re unsure of the services you require, consider scheduling a consultation with an asset management firm to discuss your objectives and needs.
Finding an Asset Management Firm in Logan, Utah
One way to find an asset management firm in Logan is to ask friends, family members, or colleagues who have previously worked with asset managers for recommendations. You might also ask a professional, such as your estate planning attorney or accountant, for a referral.
Online searches can also provide you with a list of potential firms. You can use search engines like Google or try local advisor listings via sites like FeeOnlyNetwork.com or NAPFA’s Find an Advisor.
You can do background research on potential firms or individual advisors using the Investment Adviser Public Disclosure (IAPD) website by the U.S. Securities and Exchange Commission (SEC).
After identifying potential asset management firms in Logan, schedule a call with them to discuss your goals and how they might help you. Take time to ask any questions you may have about the company’s investment philosophy, process, or fees. Before moving forward, you want to feel confident they are a good fit for your needs.
Final Thoughts
In conclusion, working with an asset management firm in Logan, UT, can help you manage your assets and achieve your financial objectives. By taking the time to research and compare different firms, you can find an asset management firm that meets your needs and helps you achieve your financial goals.
Our fiduciary, fee-only RIA 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.