Navigate Private Wealth, LLC (Draper)

Name: Navigate Private Wealth, LLC
Address: 12012 South 700 East, Draper, UT, 84020
Telephone: 801-676-4588

Navigate Private Wealth, LLC is a large advisory firm based in Draper. It manages $306.67 million of regulatory assets for 2,118 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 9 other states.

Navigate Private Wealth provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and estate planning & consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Navigate Private Wealth: assets under management

The assets under management (AUM) of Navigate Private Wealth, LLC is $306.67 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $306.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $144.79 thousand each.

Navigate Private Wealth has custody of $137.72 million in cash and securities for 485 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Navigate Private Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Navigate Private Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Navigate Private Wealth is individuals with 2,086 clients and $241.54 million of assets under management. Among the 10 most similar advisory firms, Navigate Private Wealth has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $306.67 million for 2,118 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Navigate Private Wealth doesn't advise any private funds.

Careers at Navigate Private Wealth, LLC

The company employs 13 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David King Eaton	Managing member	1 Apr 2014	Other	2573700
Mark Harold Burgon	Managing member	1 Apr 2014	Other	4217852
Paul Bryson Holbrook	Managing member	1 Apr 2014	Other	1173817
David Scott Bunnell	Managing member and chief compliance officer	1 Apr 2014	Other	2135586
Steven William Hendrickson	Managing member	1 Apr 2014	Other	712741
Michael Brandon Riley	Managing member	1 Apr 2014	Other	2703660
Jerry Lynn Ford	Managing member	1 Apr 2014	Other	1509169
David King Eaton	Managing member	1 May 2014	Other	2573700
Mark Harold Burgon	Managing member	1 May 2014	Other	4217852
Paul Bryson Holbrook	Managing member	1 May 2014	Other	1173817
David Scott Bunnell	Managing member and chief compliance officer	1 May 2014	Other	2135586
Steven William Hendrickson	Managing member	1 May 2014	Other	712741
Michael Brandon Riley	Managing member	1 May 2014	Other	2703660
Jerry Lynn Ford	Managing member	1 May 2014	Other	1509169

Based in Draper

The principal office where Navigate Private Wealth, LLC performs its advisory services is located at 12012 South 700 East, Draper, UT 84020, which is also the mailing address of the firm. An additional office of the firm is in Layton, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-676-4588 or by fax 801-676-4565. The normal business hours are 8am - 5pm (mst) on Monday - Friday. You can find more information about the New York firm at navigateprivatewealth.com.