Drive Wealth Advisers

RIASEC RegisteredEst. 2018

Total AUM

$1.5B

Discretionary

$1.5B

97% of AUM

Avg account

$358K

Accounts

4,196

Employees

Advisory reps

Firm details

Headquarters: Lehi, Utah
CRD number: 174728
Registered since: May 11, 2018
Website: drivewealthadvisers.com
Custodians: FIDELITY DISTRIBUTORS COMPANY LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees, Other
Client types: HNWI85.87%
Individuals11.35%
Pension & Profit Sharing Plans2.71%
Corporations / Businesses0.05%
Charitable Organizations0.02%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Drive Wealth Advisers is an independent registered investment adviser organized as an LLC and operating as a capital allocator for both individual/family and institutional clients. The firm provides a mix of financial planning and discretionary portfolio management across household and small-business relationships, along with advisory services to institutional clients and selection of other managers. Drive Wealth Advisers charges by percentage of AUM and also uses hourly and fixed fees in certain engagements. Investment activity centers on traditional public funds and managed portfolios, and the firm does not identify as an active ESG investor. Industry relationships include accountants, law firms, insurance companies and roles as sponsor or managing member of pooled investment vehicles. Drive Wealth Advisers was named among Citywire’s "50 Growers Across America" in 2020.