Working with Asset Management Firms in Lehi, UT

Are you seeking professional help managing your investments and assets in Lehi, Utah? If so, you may want to consider working with an asset management firm. In this article, we define asset management, explain what an asset manager does, and share how to find asset management firms in Lehi, UT.

What Is Asset Management?

Asset management is a term used to describe the management of investments, such as stocks, bonds, and real estate, on behalf of individuals or organizations. A goal of asset management is to help clients achieve their financial goals while minimizing risk. Asset managers use their expertise to evaluate and advise on investment options, monitor the performance of investments, and adjust investment strategies as needed.

Asset managers may go by various titles, such as investment advisor, wealth advisor, or financial advisor. Regardless of the title, the responsibility of an asset manager is to help clients manage their investments. They may also provide financial planning services, such as retirement planning, estate planning, and tax planning.

It is important to note differences in firm types. Brokerage firms typically focus on buying and selling securities on behalf of clients. Registered Investment Advisors, on the other hand, advise clients on their portfolios and may manage investments over the long term. While brokers may offer investment recommendations, they do not typically provide comprehensive financial planning services. They also may not serve as full-time fiduciaries like RIAs are required to do.

How to Find Asset Management Firms in Lehi, Utah

When looking for an asset management firm in Lehi, it is important to understand what services you are looking for. Some firms provide asset management only, while others may include it in a comprehensive wealth management plan. If you are unsure about the services you need, consider scheduling a consultation with an asset management firm to discuss your goals and needs.

One way to find an asset management firm in Lehi is to ask for recommendations from friends, family members, or colleagues who have worked with asset managers. You can also research local advisors using Google and other search engines.

You can vet potential asset managers using the Investment Adviser Public Disclosure (IAPD) website. The IAPD website is maintained by the U.S. Securities and Exchange Commission (SEC). It provides registration and background information about individual advisors and RIAs such as our Lehi wealth management firm.

Similarly, BrokerCheck is a tool provided by the Financial Industry Regulatory Authority (FINRA) that allows you to check for brokers and brokerage firms.

Once you have identified potential asset management firms in Lehi, consider scheduling a call with each firm to discuss how they can help you meet your goals. During the call, you can ask questions about the firm’s investment philosophy, the types of investments they typically recommend, and their fee structure. For instance, are they fee-only, or do they accept commissions? Be sure to ask for a clear explanation of any fees and how they will impact your overall investment returns.

In conclusion, working with an asset management firm in Lehi, Utah, could help you manage your investments and achieve your financial goals. When looking for an asset management firm, it is important to understand the available services and ask questions. By doing your due diligence, you can find an asset management firm that meets your needs and helps you achieve your financial objectives.

Schedule a complimentary, 15-minute call with a fee-only, fiduciary financial advisor today to discuss your personal situation.

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.

Parkshore Wealth Management