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 SEC-registered investment adviser structured as an LLC and operating as a capital allocator across both individual/family and institutional client segments. The firm offers fee arrangements that include asset-based fees, hourly billing, fixed fees and other engagement models. Its advisory services span financial planning, portfolio management for individuals, small businesses and institutional clients, pension consulting, and selection of outside managers. Drive Wealth Advisers does not characterize itself as an active ESG investor and reports several professional affiliations — including relationships with accountants, law firms, insurance companies and roles as sponsor/GP or managing member of pooled investment vehicles. The firm was recognized in 2020 by Citywire in its "50 Growers Across America" list.