Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Other
Everspire Overview
Everspire is a registered investment advisory firm that offers fee-based investment advice. Based in Midvale, UT, the firm has been in business since 2019. Everspire's services are geared towards individuals, small businesses, and businesses or institutional clients who are looking for professional portfolio management. Through their financial planning services, they help clients develop and achieve their financial goals. At Everspire, they take a personalized approach to their portfolio management services, tailoring their strategies to meet each client's unique needs. Their educational seminars and workshops provide invaluable resources to clients looking to expand their knowledge about investing and finance. Whether you are an individual looking to grow your personal wealth or a business looking to manage your investments, Everspire is committed to helping you succeed. As an investment advisory firm, Everspire is solely focused on providing investment advice to clients, ensuring that they have the expertise and resources they need to guide their clients towards sound financial decisions. With Everspire, you can be confident that you are working with a dedicated team of professionals who are committed to your success and financial well-being.
EVERSPIRE is a leading financial advisory firm that caters to an extensive range of clientele, including individuals, high net worth individuals, and other corporations that are not specifically listed. The firm caters to clients from diverse backgrounds, ranging from those seeking to establish a solid financial foundation to those looking for more complex investment strategies. EVERSPIRE's team of experts are particularly skilled in devising customized financial plans that cater to clients' specific needs and goals. To ensure clients receive suitable payment arrangements, EVERSPIRE provides various fee structures that are dependent on the services provided. Clients seeking investment management services are charged a percentage of assets under management (AUM). The percentage charged varies based on the size of the client's portfolio and the complexity of the investment strategy. Clients who are interested in specialized financial planning, tax, or estate planning services can select other types of fees, which vary depending on the type of service rendered. EVERSPIRE prides itself on offering transparent fee arrangements that allow clients to understand precisely what they are paying for.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for EVERSPIRE's e6Portfolios program through the Schwab IIP platform is $5,000. This information is stated in their Part 2 Brochure note about investment minimums, which also specifies that organization accounts such as corporations and partnerships are not eligible to participate.
How This Office Can Help Midvale, UT Residents
Everspire assists clients in Midvale, UT with a variety of financial situations. For those who are struggling with high-interest credit card debt, Everspire can provide them with debt consolidation options. They can also help those who have lost their jobs or are facing unexpected medical expenses by offering financial coaching and budgeting assistance. In addition, Everspire can provide investment advice and help clients create a retirement plan that aligns with their financial goals. One common financial challenge faced by those living in Midvale, UT is the cost of living. According to a recent study, the cost of living in Midvale is 6% higher than the national average, with housing costs being the biggest contributor. This can make it difficult for residents to save for retirement or other long-term financial goals. Everspire can help clients navigate these challenges by providing personalized financial solutions that address their unique circumstances.
Services Offered by Everspire
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Everspire most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Everspire is registered to service clients in the following states:
- Arizona
- California
- Florida
- Idaho
- Nevada
- Texas
- Utah
- Washington
Disciplinary History
Everspire does not have any disclosures. Please visit it's Form ADV for more details.