From Deseret News archives:
Investing in Utah: Local money managers gain national attention
Where will you turn for financial advice?
You want a firm that has experience and a track record of making money grow. One that has made a name for itself nationally and will provide personal service to help you meet your financial goals.
Which means you will need to call a company in New York, right? Or maybe San Francisco? Certainly somewhere on the East or West coast.
Or maybe not. Take a look around little old Salt Lake City and you might find just what you're after.
Several local investment firms have grabbed national headlines the past few months. And although they may be flying under the radar in Utah, their leaders say these firms' successes prove that money managers can thrive in the Beehive State.
Consider Alta Capital Management in Holladay. The company has been around since 1981, and managing principals Michael Tempest and Eric Barlow, with nine other employees, manage about $600 million.
"A lot of firms start out like ours on a local basis, but once they start getting a national reputation like we've been able to do. . . , then your clientele is from all over the country," Barlow said.
"Once you get good numbers, you can live a lot of places and make firms like ours successful."
Gaining accolades
Alta Capital isn't alone in finding success along the Wasatch Front.
John Bird, president of Salt Lake-based Albion Financial Group, was listed in the October issue of Worth magazine as one of the nation's "Top 100 Wealth Advisors." He was selected after a year of research by the Worth staff from among hundreds of nominations sent in by readers, as well as executives at private banks, wealth management and investment firms and industry associations.
"As I look at it and as my partner looks at it, it's really nice that a relatively small firm in the Intermountain West gets national recognition," said Bird, who has made the Worth list for three straight years. "It speaks to the quality of service available in Salt Lake City and along the Wasatch Front."
Albion's team of 13 people has about $440 million under management, Bird said. The firm works for about 200 families, with investment minimums at $1 million.
Comments
- Revive full food tax? 9:43 p.m.
- BYU football: Bronco weighs in on Hall 9:41 p.m.
- Witness: Mitchell stalked victims 9:40 p.m.
- Tens of thousands join protests 9:39 p.m.
- Wild horse roundup faces opposition 9:29 p.m.
- Offshore oil drilling in Arctic gets OK 9:28 p.m.
- Chimp's owner will not be charged 9:28 p.m.
- W. Hills appointment will be brief 9:27 p.m.
- Trapped dog reunited with owner 9:26 p.m.
- U. says it needs campus repairs 9:25 p.m.
- Letters: Liberal because LDS
278 - Y. profs: Beck not all-knowing
258 - TCU to play Boise in Fiesta Bowl
202 - Hate not limited to 1 in-state rivalry
191 - Aggies shoot past Cougars
179 - Cougars going back to Vegas
143 - Letters: Global warming a lie
142 - Utah/BYU rivalry can be more civil
131 - George lost in rivalry hatefest
119 - Ed Smart 'appalled' at testimony
99
Amazon.com, Target.com, Sears.com, Walmart.com, Kmart.com and...
Yes, I thank the Fiesta Bowl, first for taking TCU over Cincinnati, Iowa, or...
@Follow the money: "If I drive by the gas station in my fuel efficient car...
believe they, Boise, and TCU are the only interested parties in seeing the...
The only way anything will change is if we do something about it. Start a...
Did you really mention Al Gore and govt. subsidised scientists without...
Climate warms and cools regardless of what we do. Check your history, it has...
@Anonymous: "I see Limbaugh, Hannity and Beck have been shooting their...
Not a rebuilding year, Coach Mac will be reloading! Thanks seniors for all...
@Global Cooling: "I'm counting down the days until all of these logically...
From certain coastal areas in Alaska, one can, in fact, see Russia. If you...



You can be the first to comment on this story.