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DRIVE WEALTH ADVISERS
Legal name: DRIVE WEALTH MANAGEMENT, LLC
CRD 174728File 801-113223
APPROVED
Retail clients
Custody
Filing as of Sep 2, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$1.50B
Above cohort median (national)
Discretionary AUM
$1.46B
Non-discretionary $40.0M
Clients
1,112
4,196 accounts
Employees
17
Top 25% of cohort in UT
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- DRO
- Registration date
- May 11, 2018
- Principal office
- 3333 N DIGITAL DRIVE, #700, LEHI, UT, 84043
- Phone
- 801-901-6150
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.50B
- Discretionary AUM
- $1.46B
- Non-discretionary AUM
- $40.0M
- Discretionary accounts
- 4,059
- Non-discretionary accounts
- 137
- Total accounts
- 4,196
- AUM per client
- $1.3M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 2 | $781K |
| Charitable organizations | 1 | $302K |
| High net worth individuals | 329 | $1.29B |
| Pension and profit sharing plans | 36 | $40.7M |
| Individuals (other than high net worth individuals) | 744 | $170.4M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Other
- Fixed fees
- Hourly charges
- Other (described) — SHARE IN THE FEE CHARGED BY THE SUB ADVISER
- A percentage of assets under your management
Advisory activities
- Other advisory activities
- Financial planning services
- Selection of other advisers
- Portfolio management for other
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 28 | 17 | decreased by11 |
| Apr 1, 2026 | Clients | 1,384 | 1,112 | decreased by272 |
| Apr 1, 2026 | AUM | $2,175,572,827 | $1,500,752,553 | decreased by$674,820,274 |
| Apr 1, 2026 | Accounts | 4,487 | 4,196 | decreased by291 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 14 | 28 | increased by14 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 517 | 1,384 | increased by867 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $1,230,473,362 | $2,175,572,827 | increased by$945,099,465 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 1,855 | 4,487 | increased by2,632 |
| Apr 1, 2022 | Clients | 514 | 517 | increased by3 |
| Apr 1, 2022 | AUM | $843,140,412 | $1,230,473,362 | increased by$387,332,950 |
| Apr 1, 2022 | Accounts | 1,659 | 1,855 | increased by196 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “DRIVE WEALTH” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“DRIVE WEALTH” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.