# Drive Wealth Advisers

> Drive Wealth Advisers is an SEC-registered investment advisory firm in Lehi, UT, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 2, 2026.

- CRD: 174728
- Filed as: DRIVE WEALTH ADVISERS
- Legal name: Drive Wealth Management, LLC
- Also doing business as: DRIVE WEALTH ADVISERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lehi, UT
- Filing period: October 2026
- Form ADV filing dated: September 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/174728
- AdvisorCensus page: https://advisorcensus.com/firm/drive-wealth-advisers-lehi-ut-174728

## Quick answers

**How is Drive Wealth Advisers compensated?**
On its Form ADV (Item 5.E, October 2026), Drive Wealth Advisers reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.

**Where is Drive Wealth Advisers located?**
Drive Wealth Advisers' principal office is in Lehi, UT, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Drive Wealth Advisers registered with the SEC or a state?**
Drive Wealth Advisers is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 174728.

**How much does Drive Wealth Advisers manage?**
Drive Wealth Advisers reports $1,500,752,553 in regulatory assets under management in its Form ADV filing dated September 2, 2026 (97% discretionary).

**How have Drive Wealth Advisers' assets and staff changed since 2021?**
In the Form ADV data for Drive Wealth Advisers: Regulatory assets under management: $843,140,412 in the October 2021 data and $1,500,752,553 in the October 2026 data, up 78%. Total employees: 14 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Drive Wealth Advisers serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (744); high net worth individuals (329); pension and profit sharing plans (but not the plan participants or government pension plans) (36).

**Which custodians does Drive Wealth Advisers use?**
Drive Wealth Advisers' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Distributors Company LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Drive Wealth Advisers report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/174728

**What changed in Drive Wealth Advisers' recent Form ADV filings?**
In the October 2026 filing data: Added an office in San Diego, CA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Distributors Company LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,500,752,553
- Discretionary: $1,460,718,486
- Non-discretionary: $40,034,067

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 744 | $170,353,255 |
| High net worth individuals | 329 | $1,288,649,349 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 36 | $40,666,822 |
| Charitable organizations | 1 | $302,286 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 2 | $780,841 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2018 (8 years)
- Employees: 17 total, 15 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, GA, ID, MO, NC, NE, NM, NV, OR, TX, UT, VA, WA, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- San Diego, CA

### Websites listed on Form ADV (Item 1.I)
- drivewealthadvisers.com
- Facebook @DRIVEWEALTH100
- Instagram @drivewealthadvisers
- LinkedIn @DRIVE-WEALTH-ADVISERS
- X @drive_wealth

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $843,140,412 | 14 | June 16, 2021 |
| October 2022 | $1,230,473,362 | 14 | September 7, 2022 |
| October 2023 | $1,830,137,115 | 14 | April 24, 2023 |
| October 2024 | $2,016,635,518 | 15 | March 14, 2024 |
| October 2025 | $2,175,572,827 | 28 | March 17, 2025 |
| October 2026 | $1,500,752,553 | 17 | September 2, 2026 |

Regulatory assets under management: $843,140,412 in the October 2021 data and $1,500,752,553 in the October 2026 data, up 78%.
Total employees: 14 in October 2021 and 17 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Added an office in San Diego, CA.

### May 2026
- Registered or notice-filed in NC.

### April 2026
- Employees performing advisory functions went from 26 to 15.
- Regulatory assets under management went from $2,175,572,827 to $1,500,752,553 (-31%).
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in AL, NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Drive Wealth Advisers (CRD 174728): Form ADV filing data as of October 2026.