# Lone Peak Advisers

> Lone Peak Advisers is an SEC-registered investment advisory firm in Draper, UT, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 3, 2026.

- CRD: 296772
- Filed as: LONE PEAK ADVISERS
- Legal name: Lone Peak Advisers, LLC
- Also doing business as: CARTOGRAPH WEALTH, DK FINANCIAL NETWORK, PEPPERWOOD FINANCIAL, TB ADVISERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Draper, UT
- Filing period: October 2026
- Form ADV filing dated: March 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/296772
- AdvisorCensus page: https://advisorcensus.com/firm/lone-peak-advisers-draper-ut-296772

## Quick answers

**How is Lone Peak Advisers compensated?**
On its Form ADV (Item 5.E, October 2026), Lone Peak Advisers reports these compensation arrangements: a percentage of assets under its management.

**How much does Lone Peak Advisers charge?**
Its Form ADV Part 2A brochure dated March 3, 2026 states: Hourly rate: $330.36 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Lone Peak Advisers located?**
Lone Peak Advisers' principal office is in Draper, UT, according to its Form ADV.

**Is Lone Peak Advisers registered with the SEC or a state?**
Lone Peak Advisers is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 296772.

**How much does Lone Peak Advisers manage?**
Lone Peak Advisers reports $125,444,600 in regulatory assets under management in its Form ADV filing dated March 3, 2026 (100% discretionary).

**How have Lone Peak Advisers' assets and staff changed since 2021?**
In the Form ADV data for Lone Peak Advisers: Regulatory assets under management: $197,000,000 in the October 2021 data and $125,444,600 in the October 2026 data, down 36%. Total employees: 10 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lone Peak Advisers serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (855); high net worth individuals (50).

**Which custodians does Lone Peak Advisers use?**
Lone Peak Advisers' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Assetmark Inc, Charles Schwab & Co., Inc. and Interactive Brokers LLC as custodians holding 10% or more of its separately managed account assets.

**Does Lone Peak 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/296772

**Does Lone Peak Advisers state an account minimum?**
Its Form ADV Part 2A brochure dated March 3, 2026 says: "LPA does not have a required minimum account size."

**What changed in Lone Peak Advisers' recent Form ADV filings?**
In the April 2026 filing data: Added the business name TB Advisers. Employees performing advisory functions went from 6 to 8. Registered or notice-filed in CA, NV.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 3, 2026)

- Account minimum: None

> LPA does not have a required minimum account size.

- Hourly rate: $330.36 an hour (financial planning services)

> LPA charges a non-negotiable financial planning fee of $330.36 per hour (3-hour minimum).

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Assetmark Inc
- Charles Schwab & Co., Inc.
- Interactive Brokers 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: $125,444,600
- Discretionary: $125,444,600
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 855 | $75,444,600 |
| High net worth individuals | 50 | $50,000,000 |
| 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) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2023 (3 years)
- Employees: 8 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, IA, ID, MN, NV, OH, PA, TX, UT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- lonepeakadvisers.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $197,000,000 | 10 | May 13, 2021 |
| October 2022 | $148,039,344 | 10 | March 14, 2022 |
| October 2023 | $148,039,344 | 10 | May 30, 2023 |
| October 2024 | $114,600,000 | 10 | June 13, 2024 |
| October 2025 | $119,000,000 | 10 | March 3, 2025 |
| October 2026 | $125,444,600 | 8 | March 3, 2026 |

Regulatory assets under management: $197,000,000 in the October 2021 data and $125,444,600 in the October 2026 data, down 36%.
Total employees: 10 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Added the business name TB Advisers.
- Employees performing advisory functions went from 6 to 8.
- Registered or notice-filed in CA, NV.

### January 2026
- No longer registered or notice-filed in CO, KY.

### December 2025
- Employees performing advisory functions went from 8 to 6.
- Registered or notice-filed in FL, KY, MN, OH, PA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lone Peak Advisers (CRD 296772): Form ADV filing data as of October 2026.