Promontory Financial Planning, LLC (Farmington)

Name: Promontory Financial Planning, LLC
Address: 240 N. East Promontory Suite 245, Farmington, UT, 84025
Telephone: 801-791-1081

Promontory Financial Planning, LLC is a large advisory firm based in Farmington. It manages $135 million of regulatory assets for 345 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 3 other states.

Promontory Financial Planning provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Promontory Financial Planning: assets under management

The assets under management (AUM) of Promontory Financial Planning, LLC is $135 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $135 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $391.3 thousand each.

Investments

The firm invests in pooled investment vehicles the most. They account for 95% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Promontory Financial Planning, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Brock Don Williamson serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Brock Don Williamson is individuals with 290 clients and $70 million of assets under management. Among the 7 most similar advisory firms, Promontory Financial Planning has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $135 million for 345 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.

Promontory Financial Planning doesn't advise any private funds.

Careers at Promontory Financial Planning, LLC

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 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.

Promontory Financial Planning, LLC is owned by Tyra Williamson. Brock Don Williamson has been acting as President since 1 Apr 2010.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tyra Williamson	Owner/advisor	1 Apr 2010	50% - 75%	4864359
Brock Don Williamson	President/owner/cco	1 Apr 2010	50% - 75%	4876027

Based in Farmington

The principal office where Promontory Financial Planning, LLC performs its advisory services is located at 240 N. East Promontory Suite 245, Farmington, UT 84025, which is also the mailing address of the firm. An additional office of the firm is in West Jordan, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-791-1081 or by fax 801-618-4869. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at promontoryfp.com.