Lone Peak Advisers - Draper, Utah

Jonathan Rodriguez

The financial advisers from Lone Peak are packed with integrity and intelligence. I have been working with Travis Hudak and David James for a few years now and can say that they are friendly and very capable. They offer a wide range of services and can help anyone. When I meet with them, I have their full attention; they don’t pull out their smart phones and laptops. They take notes as I am speaking to ensure they get every detail.

Paige Sjoblom

My family was with LPA for over a decade, blindly trusting them. They fared the 2008 collapse well, so we all invested more. However, they had a massive split when they forced their leading advisor out of the company. This ensued a tug-of-war where the lead advisor, who had built up the trust with clients, tried to get us all to leave LPA and let him manage our funds. It became so nasty we wanted nothing to do with either of them. When we finally moved our money, the new advisor informed us we had a large amount of money sitting in cash accounts, not even invested in index funds. We missed out on the COVID wave due to their negligence, oversight, and lies. I’m shocked to see they still have a website, it was such a mess.

Eric Flygare

Cautionary Tale: Beware of Lone Peak Advisors!

As a conscientious investor, I feel compelled to share my disheartening experience with Lone Peak Advisors (LPA). In 2018, I entrusted $15,000 of my daughter's funds to LPA, hoping for fruitful returns. However, what ensued was a six-year journey marred by disappointment and financial loss.

Despite the broader market trends indicating growth, my investments with LPA dwindled to a mere $12,300 by the end of this period. Shockingly, when I endeavored to retrieve my remaining funds, LPA inflicted yet another blow by skimming off an additional $1300, leaving me with a paltry $11,000.

Throughout this ordeal, it became apparent that LPA's exorbitant fees and mishandling of funds led to abysmally negative returns. While my other investments flourished, LPA's management fell woefully short, failing to capitalize on opportunities and safeguard my assets.

To anyone contemplating entrusting their financial future to an advisor, I urge you to exercise utmost caution when considering LPA. My experience serves as a cautionary tale, emphasizing the importance of thorough due diligence and vigilance in selecting a trustworthy financial partner.

Redwood Inspiration

If you are looking for or thought you've found a trustworthy financial advisor who has integrity and will take good care of your life-long saving, think twice and stay as far away from Lone Peak Advisers as you can. They seem to be nice and persuasive until you dig into their dark side. If they try to sell you or have sold you Jackson annuity, call Jackson on your own to find out how many hidden fees and facts that Lone Peak Advisers didn't reveal to you. If they have you pay more than a 2% fee in total for using Interactive Brokers or other trading platforms, ask them the reason why the other firms commonly charge 1.5% or less. Review your fee statements persistently. Be careful to evaluate everything they told you, and be cautious to study through all their contracts and agreements that may lead to unnecessary fee increase without your acknowledgment. It sounds like a lot of work for a client, but you have to do your diligence to protect your money. You don't want to be taken advantage of when your money is in the wrong hands. I learned my painful experience from trusting Lone Peak Advisers. I hope you are wiser than me.

Steve Pollmann

I worked with this group for several years with good success but when COVID hit their service and responsiveness were dramatically impaired. I think that they are good people but incapable of doing the necessary adjustments in challenging times. Frequently, they were long on talk and short on execution. I was working with two different financial advisors and because of the lack of transparent communications on the investment strategy, I elected to move all my money out of their management a few months ago and glad I did.

Joe Goff

Tyler Olson with Lone Peak Advisers is great to work with. We did some signs for their offices and they were great to work with. They even remember which soda I like when I go there. Now that's service!