AdvisorCensus / Financial advisors / Utah / Salt Lake City / Physician Wealth Advisors, Inc.
Physician Wealth Advisors, Inc.
Filed as PHYSICIAN WEALTH ADVISORS, INC.
Physician Wealth Advisors, Inc. is an SEC-registered investment advisory firm in Salt Lake City, UT, registered since 2005, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 19, 2026.
Quick answers
From the filingHow is Physician Wealth Advisors, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Physician Wealth Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Physician Wealth Advisors, Inc. located?
Physician Wealth Advisors, Inc.'s principal office is in Salt Lake City, UT, according to its Form ADV.
Is Physician Wealth Advisors, Inc. registered with the SEC or a state?
Physician Wealth Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 106043.
How much does Physician Wealth Advisors, Inc. manage?
Physician Wealth Advisors, Inc. reports $2,006,590,538 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (67% discretionary).
How have Physician Wealth Advisors, Inc.'s assets and staff changed since 2021?
In the Form ADV data for Physician Wealth Advisors, Inc.: Regulatory assets under management: $1,310,285,466 in the October 2021 data and $2,006,590,538 in the October 2026 data, up 53%. Total employees: 13 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Physician Wealth Advisors, Inc. serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (717); high net worth individuals (371); pension and profit sharing plans (but not the plan participants or government pension plans) (36).
Which custodians does Physician Wealth Advisors, Inc. use?
Physician Wealth Advisors, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Ameritas Investment Company, LLC, Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Physician Wealth Advisors, Inc. 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/106043
What changed in Physician Wealth Advisors, Inc.'s recent Form ADV filings?
In the April 2026 filing data: No longer lists the business name Physician Wealth Advisors. No longer lists the business name UMA Financial Services. No longer lists the business name Umafs. Regulatory assets under management went from $1,729,828,110 to $2,006,590,538 (+16%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated March 19, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$2,006,590,538 as of October 2026, filing dated March 19, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Also doing business as
- PWA
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2005 (21 years)
- Employees
- Total: 15. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
11 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $2,006,590,538 | 15 | March 19, 2026 |
| October 2025 | $1,729,828,110 | 15 | March 19, 2025 |
| October 2024 | $1,532,368,890 | 15 | April 12, 2024 |
| October 2023 | $1,326,456,795 | 14 | May 9, 2023 |
| October 2022 | $1,468,605,085 | 13 | March 15, 2022 |
| October 2021 | $1,310,285,466 | 13 | March 15, 2021 |
Regulatory assets under management: $1,310,285,466 in the October 2021 data and $2,006,590,538 in the October 2026 data, up 53%.
Total employees: 13 in October 2021 and 15 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- No longer lists the business name Physician Wealth Advisors.
- No longer lists the business name UMA Financial Services.
- No longer lists the business name Umafs.
- Regulatory assets under management went from $1,729,828,110 to $2,006,590,538 (+16%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Physician Wealth Advisors, Inc. (CRD 106043): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/physician-wealth-advisors-inc-salt-lake-city-ut-106043