Wealth manager, independent · Salt Lake City, UT
Physician Wealth Advisors, Inc.
SEC-registered investment adviser · CRD 106043 · SEC 801-63664
At a glance
Physician Wealth Advisors, Inc. is an SEC-registered investment adviser based in Salt Lake City, Utah, with $2.0B in regulatory assets under management as of its Form ADV filed March 19, 2026. It reports 1,088 individual clients, 371 of them high-net-worth, holding an average of about $1.2 million each, and 15 employees. That ranks it 554th among the nation’s 5,657 independent wealth management RIAs and 8th of 85 in Utah. It reports 3 custodians for its clients’ separately managed accounts: Fidelity, Charles Schwab and Ameritas Investment Company.
Main office 801-747-0800pwa.orgLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.0B
- Rank among independent wealth managers
- #554 of 5,657
- Rank among all SEC RIAs
- #3,626 of 17,210
- Rank in Utah
- #8 of 85
- Individual clients
- 1,088
- High-net-worth clients
- 371
- Accounts
- 5,906
- Discretionary
- 67% of AUM
- Employees
- 15
- Advisory staff
- 7
- Offices
- 1
Owners and executives on its Form ADV
- Michelle S. McOmberDirector
- Jeffrey D. ZesigerChief Compliance Officer, President
- Steven K. MillerDirector
- Howard R WeeksDirector
- Ryan M BladenExecutive Vice President
- Eric A. HalvorsenExecutive Vice President
- Jason R HoaglandDirector
- Rachel KollDirector
- Curtis T. LambDirector
- Wallace C. PetersonDirector
- Katherine M. SecrestDirector
- Jesse N SpencerDirector
Custody and brokerage
Broker-dealer
No broker-dealer ties
Physician Wealth Advisors, Inc. 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 | 371 | $1.1B | 56% |
| Pension and profit sharing plans | 36 | $663M | 33% |
| Individuals | 717 | $213M | 11% |
Disciplinary disclosures
Physician Wealth Advisors, Inc. 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
- Pension consulting
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗pwa.org ↗
AtlasMembers
The full record on Physician Wealth Advisors, Inc.
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, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,972 peers of its type and size
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- Owners and executives, with titles and stakes
- 12 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 |
|---|---|---|
| Crewe AdvisorsSalt Lake City | $3.1B | 514 |
| Capita Financial Network, LLCDraper | $2.3B | 2,888 |
| Albion Financial GroupSalt Lake City | $2.0B | 722 |
| The Norden Group LLCProvo | $2.0B | 1,271 |
| Alta Capital Management LLCSalt Lake City | $1.6B | 1,193 |
| Drive Wealth AdvisersLehi | $1.5B | 1,073 |
Background
Questions
How much does Physician Wealth Advisors, Inc. manage?
Physician Wealth Advisors, Inc. reports $2.0B in regulatory assets under management across 5,906 accounts, 67% of it on a discretionary basis, on its Form ADV filed March 19, 2026.
How many clients does Physician Wealth Advisors, Inc. have?
It reports 1,088 individual clients: 371 high-net-worth individuals and 717 other individuals. Individuals account for about 67% of its regulatory assets.
Where is Physician Wealth Advisors, Inc. headquartered?
Its main office is in Salt Lake City, Utah. It reports 1 office in total and 15 employees, 7 of whom perform investment advisory functions.
How does Physician Wealth Advisors, Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Physician Wealth Advisors, Inc. use?
It reports 3 custodians for its clients’ separately managed accounts: Fidelity, Charles Schwab and Ameritas Investment Company. On Schedule D of its Form ADV filed March 19, 2026, it reports these amounts held: Fidelity ($1.2B); Charles Schwab ($27M); Ameritas Investment Company ($14M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Physician Wealth Advisors, Inc. a hybrid RIA with a broker-dealer?
Physician Wealth Advisors, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Physician Wealth Advisors, Inc. a fiduciary?
As an SEC-registered investment adviser, Physician Wealth Advisors, Inc. 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 Physician Wealth Advisors, Inc.’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 (2026-03-19), 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 →