Peak Financial Advisors

CRD#115207
Investment Advisor Firm

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Overview

Peak Financial Advisors is an advisory firm that has its headquarters in Denver, Colorado. The firm has $215.8 million in assets over 408 client accounts, making it a mid-tier financial advisory firm in the United States by assets under management (AUM). Peak Financial Advisors has a small team, including 2 financial advisors. Peak Financial Advisors is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as stocks, bonds and options.

Peak Financial Advisors administers most of the firm's client assets on a discretionary basis. Discretionary management signifies that buy and sell decisions are made by a portfolio manager without requiring the client's permission. It also has 16 non-discretionary accounts with a total of $7.5 million in AUM. The advisory firm's average account size is $528,875. The typical advisor at Peak Financial Advisors manages around 204 client accounts.

The firm's headquarters is located at 50 South Steele Street, Denver, Colorado 80209. Peak Financial Advisors is registered to provide services to clients across 4 states, including Colorado, Nebraska, New Hampshire and Texas.

Assets Under Management

$215.8 million

Number of Advisors

2

Disclosures

No

Office Location

50 South Steele Street
Denver, CO 80209

Peak Financial Advisors by the Numbers

Total Assets Under Management

$215.8 million

National Average: $8.6 billion
Total Number of Employees

3

National Average: 64
Total Number of Accounts

408

National Average: 375,227
Average Account Size

$528.9 thousand

National Average: $23.0 thousand
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Products and Services

Peak Financial Advisors offers multiple services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the past fiscal year, the company provided financial planning services to 101-250 of its customers. Peak Financial Advisors does sell products or offer services other than investment advisory services to its customers. The company also has a number of financial industry affiliations, including with an accountant or accounting firm.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors usually vary depending on which services the firm provides the client. Fees billed by Peak Financial Advisors can include some combination of the following fee types: asset-based or fixed. The company does not participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It works with retail investors, high net worth investors and charitable organizations. Out of its 408 accounts, Peak Financial Advisors's biggest client group by number of accounts is high net worth investors, though it also manages money for 78 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 4% of its customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 61.42%
  • Other Individuals - 37.8%
  • Corporations - 0%
  • Charitable Organizations - 0.79%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Peak Financial Advisors does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Peak Financial Advisors

Debbie Freeman
Denver, CO
Brian Sells
Denver, CO

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