Wealth manager, independent · Lehi, UT
Drive Wealth Advisers
Drive Wealth Management, LLC · SEC-registered investment adviser · CRD 174728 · SEC 801-113223
At a glance
Drive Wealth Advisers is an SEC-registered investment adviser based in Lehi, Utah, with $1.5B in regulatory assets under management as of its Form ADV filed September 2, 2026. It reports 1,073 individual clients, 329 of them high-net-worth, holding an average of about $1.4 million each, and 17 employees. That ranks it 730th among the nation’s 5,657 independent wealth management RIAs and 11th of 85 in Utah. It reports Fidelity Distributors Company as the custodian for its clients’ separately managed accounts.
Main office 801-901-6150drivewealthadvisers.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among independent wealth managers
- #730 of 5,657
- Rank among all SEC RIAs
- #4,258 of 17,210
- Rank in Utah
- #11 of 85
- Individual clients
- 1,073
- High-net-worth clients
- 329
- Accounts
- 4,196
- Discretionary
- 97% of AUM
- Employees
- 17
- Advisory staff
- 15
- Offices
- 3
Owners and executives on its Form ADV
- Lowell C. CrabbPresident
- Matthew J. PendletonChief Compliance Officer
- Ryken W. HarrisChief Operating Officer
- Paul A. GrinceriChief Financial Officer
- James K. HawkerChief Investment Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Drive Wealth Advisers reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 329 | $1.3B | 86% |
| Individuals | 744 | $170M | 11% |
| Pension and profit sharing plans | 36 | $41M | 3% |
| Corporations or other businesses | 2 | $1M | <1% |
| Charitable organizations | 1 | $0M | <1% |
Disciplinary disclosures
Drive Wealth Advisers reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗drivewealthadvisers.com ↗
AtlasMembers
The full record on Drive Wealth Advisers
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 2,523 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Utah
All of Utah →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Physician Wealth Advisors, Inc.Salt Lake City | $2.0B | 1,088 |
| The Norden Group LLCProvo | $2.0B | 1,271 |
| Alta Capital Management LLCSalt Lake City | $1.6B | 1,193 |
| Portside Wealth Group, LLCProvo | $1.4B | 6,257 |
| B.O.S.S. Retirement Advisors, LLCLehi | $1.4B | 4,956 |
| Iron Gate Global AdvisorsNorth Salt Lake | $1.3B | 1,760 |
Background
Questions
How much does Drive Wealth Advisers manage?
Drive Wealth Advisers reports $1.5B in regulatory assets under management across 4,196 accounts, 97% of it on a discretionary basis, on its Form ADV filed September 2, 2026.
How many clients does Drive Wealth Advisers have?
It reports 1,073 individual clients: 329 high-net-worth individuals and 744 other individuals. Individuals account for about 97% of its regulatory assets.
Where is Drive Wealth Advisers headquartered?
Its main office is in Lehi, Utah. It reports 3 offices in total and 17 employees, 15 of whom perform investment advisory functions.
How does Drive Wealth Advisers charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Drive Wealth Advisers use?
It reports Fidelity Distributors Company as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 2, 2026, it reports these amounts held: Fidelity Distributors Company ($1.1B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Drive Wealth Advisers a hybrid RIA with a broker-dealer?
Drive Wealth Advisers reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Drive Wealth Advisers a fiduciary?
As an SEC-registered investment adviser, Drive Wealth Advisers owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Drive Wealth Advisers’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-02), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →