Lone Peak Advisers, Inc. (Draper)

Lone Peak Advisers, Inc. is a large advisory firm based in Draper. It manages $115 million of regulatory assets for 443 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, Texas, and Utah.

Lone Peak Advisers provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lone Peak Advisers: assets under management

The assets under management (AUM) of Lone Peak Advisers, Inc. is $115 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $115 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $259.59 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lone Peak Advisers, Inc. for their services and products based on a percentage of assets under management. 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 Lone Peak Advisers serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lone Peak Advisers is individuals with 438 clients and $105 million of assets under management. Among the 8 most similar advisory firms, Lone Peak Advisers has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $115 million for 443 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.

Lone Peak Advisers doesn't advise any private funds.

Careers at Lone Peak Advisers, Inc.

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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
Travis John Hudak	President, cco & managing member	1 Apr 2018	75% - 100%	3128251
David William James	Vice president, cco, secretary, treasurer	1 Jun 2018	50% - 75%	1241412

Based in Draper

The principal office where Lone Peak Advisers, Inc. performs its advisory services is located at 11650 South State Street, Draper, UT 84020, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-855-8886 or by fax 801-855-8509. The normal business hours are 08:00am - 05:00pm on Monday - Friday.