From Deseret News archives:
2 financial advisers remember Alta roots
But, though they've long since moved from the cramped office in the ski lodge's basement to their Sugar House office, John Bird and Toby Levitt, co-founders of Albion Financial Group, still call Alta home.
"There is a place in my heart from there," Bird said. "We took our name from there. The culture of our company has a lot to do with our roots being from that mountain town and the people of that mountain town."
Since their first days, handing out advice while dressed in shorts and flip-flops up the canyon, Bird has been named one of the nation's top 100 financial advisers by Worth magazine for the past three consecutive years. And Bird and Levitt's wealth-management firm has received awards from some of the nation's top financial publications.
Albion, which began with one client and $250,000, has grown significantly over the past 23 years to accommodate 200 clients and roughly $420 million.
"Pretty good for a couple of guys hanging out in a ski lodge," said Bird, who still regularly dresses down in a polo shirt.
But, despite the firm's casual atmosphere, Bird stressed that its progress hasn't been a cake walk for its founders. Success has grown slowly as he and Levitt have put their clients' interests first. It has required hard work and perseverance.
"It comes back to having a passion for what they do and having integrity," said Debbie Knotts, vice president and a financial adviser who has worked at Albion for 18 years. "That's built their business and put them where they are."
Though both Bird and Levitt are avid skiers, the partners only became friends at Alta after discovering they both shared a zeal for investments and financial matters. Bird had come to Alta, fresh out of college to ski and climb while he searched for something he could feel passionate spending his life doing.
"I grew up in the home of a Boston banker and I knew the idea of putting on a suit and taking a train into the city was not for me," Bird said.
But though he could ski powder all day, he said he soon became bored not having anything to engage his mind.
At that time, Levitt, who was in his late 20s, managed the finances for his father's ski lodge. He'd spent his growing-up years bouncing back and forth between New York and Alta, reading the Wall Street Journal while other kids were playing football, he said.
Comments
- Black Friday sales promising 10:28 a.m.
- Twists and turns in pilot case 10:22 a.m.
- Living with children 10:14 a.m.
- Bangladesh ferry capsizes at dock 10:08 a.m.
- NASA: Floating 'junk' not a threat 10:04 a.m.
- Multiple victims in Wis. shooting 9:57 a.m.
- Red air alert issued 9:50 a.m.
- Older Americans go to food pantries 9:47 a.m.
- Idaho woman dies after fall 9:40 a.m.
- Iran could leave nuclear treaty 9:35 a.m.
- Cave to be sealed with body inside
- Efforts to save a life praised
- Predicting the unpredictable: BYU wins
- Rivalry Week is highly profane
- BYU's old uniforms?
- Man trapped in Nutty Putty cave dies
- Vegas, Poinsettia bowls or bust
- Hall's legacy measured today
- Glover gives Utes last-second upset
- Cougars turn back Wildcats'
- BYU would like friendlier rivalry
268 - Protests against Phoenix LDS temple
212 - Thunder rolls by Jazz
136 - Letters: Rushing to judge Palin
133 - Boys basketball rankings
129 - Editorial: Poor welcome for Palin
113 - Man trapped in Nutty Putty cave dies
109 - Letters: Trump card for believers
93 - Rivalry Week is highly profane
86 - Cave to be sealed with body inside
85
I wanted to tell them not to go. I dropped subtle hints. "My money is on...
When I was a kid, I worshipped my grandpa. He was undoubtedly my hero....
Anyone who thinks Tiger was NOT under the influence of alcohol is in trouble...
The constitution doesn't gurantee health care? True, but neither does the...
It occurs to e that 5% of $100,000 is almost double 8% of $30,000.Who isn't...
Have your son do in-person or online community college classes - in many...
# of time each coach won the national COY: Whittingham - 1, Bronco - 0
I honestly must say that as a BYU fan I am shocked...absolutely shocked at...
to those who are complaining about the rescue efforts not being enough, don't...
Excuse me! I am supposed to feel better about our loss because Utah beat a...
I honestly must say that as a BYU fan I am shocked...absolutely shocked at...
Please forgive the typo. I should have written "considering the number of...



You can be the first to comment on this story.