Best Financial Advisors in Salt Lake City

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
190+
Advisors
4.9/5.0
Average Rating

Salt Lake City Financial Landscape

The economy of Salt Lake City is diverse, with significant contributions from technology, healthcare, and tourism. The city is experiencing steady growth, attracting new businesses and residents.

Major industries
Technology, Healthcare, Tourism
Population
191K (metro: 1.2M)
Median household income
$70,000
Unique needs
Salt Lake City requires tailored financial strategies due to its unique economic landscape and demographic shifts.
Market Insights
Economic Growth
According to BEA (2023), Salt Lake City's economy grew by 4.5% last year, driven by tech and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Salt Lake City is $70,000, reflecting a growing middle class.
Advisor Specializations
Based on BLS (2023), financial advisors in Salt Lake City are increasingly specializing in tech sector investments.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Salt Lake City has risen by 3.2% over the past year, driven by housing costs.
Real Estate Market
According to Zillow (2024), home prices in Salt Lake City have increased by 10% year-over-year, indicating a competitive market.
Business Environment
According to Fortune (2024), Salt Lake City ranks among the top cities for business growth, particularly in tech and healthcare.

Top 5 Financial Advisors in Salt Lake City

TrueNorth Wealth - Financial Advisors
★ ★ ★ ★ ★ 5
Albion Financial Group
★ ★ ★ ★ ★ 5
Salt Lake Financial Advisors
★ ★ ★ ★ ★ 5
Smedley Financial
★ ★ ★ ★ ★ 5
Trenton M Christensen - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Salt Lake City, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Salt Lake City-Specific Expertise
For Salt Lake City residents working in Technology, Healthcare, Tourism, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Salt Lake City's tech focus poses concentration risks; housing market volatility and potential natural disasters (earthquakes) necessitate diversified investments.

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