Zions Capital Advisors, Inc. (Salt Lake City)

Name: Zions Capital Advisors, Inc.
Address: Zions Capital Advisors, Salt Lake City, UT, 84133
Telephone: 800-608-3202

Zions Capital Advisors, Inc. is a large advisory firm based in Salt Lake City. It manages $870.71 million of regulatory assets for 97 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 6 other states.

Zions Capital Advisors provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Zions Capital Advisors: assets under management

The assets under management (AUM) of Zions Capital Advisors, Inc. is $870.71 million. The firm's AUM has gone down by -40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $804.76 million in discretionary accounts and $65.95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.56 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $21.98 million.

Investments

The firm invests in government bonds the most. They account for 47% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Zions Capital Advisors, Inc. for their services and products based on a percentage of assets under management 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 Chad Jeffery Oviatt serves?

The firm provides services to individuals and state or municipal government entities. The largest group of clients of Chad Jeffery Oviatt is state or municipal government entities with 94 clients and $869.34 million of assets under management. Among the 10 most similar advisory firms, Zions Capital Advisors has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $870.71 million for 97 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.

Zions Capital Advisors also advises several private funds. Namely, one real estate fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Zions Capital Advisors, Inc.

The company employs 12 people that are either part- or full-time employees. 33 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.

Chad Jeffery Oviatt has been acting as President since 1 Jan 2016. National Association Zb joined the executive team most recently as the Parent Company.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Welman Holdings	Parent company	1 Mar 2004	75% - 100%	20-0942463
Lincoln Earl Taylor	Chief compliance officer	1 May 2010	Other	5011548
Julianne Cruz	Director, advisory service	1 Aug 2011	Other	1217012
David Norris Warne	Director, advisory service	1 Aug 2011	Other	2894195
Julie Gamlin Castle	Chief executive officer	1 Jun 2013	Other	1397035
Jennifer Kyle Hash	Chief compliance officer	1 May 2015	Other	4123554
Chad Jeffery Oviatt	President	1 Jan 2016	Other	3234810
Scott Raymond Burnett	President and managing director	1 Nov 2017	Other	1024776
National Association Zb	Parent company	1 Dec 2017	75% - 100%	87-0189025
N. A. Zions Bancorporation	Parent company	1 Dec 2017	75% - 100%	87-0189025

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Zions Bancorporation	Parent	1 Jan 2008	75% - 100%	87-0227400

Based in Salt Lake City

The principal office where Zions Capital Advisors, Inc. performs its advisory services is located at Zions Capital Advisors, Salt Lake City, UT 84133, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-608-3202 or by fax 866-800-0114. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at zionscapitaladvisors.com.