Uma Financial Services Inc (Salt Lake City)

Name: Uma Financial Services Inc
Address: 310 East 4500 South, Salt Lake City, UT, 84107
Telephone: 801-747-0800

Uma Financial Services Inc is a large advisory firm based in Salt Lake City. It manages $997.78 million of regulatory assets for 5,649 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Idaho, and 5 other states.

Uma Financial Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Uma Financial Services: assets under management

The assets under management (AUM) of Uma Financial Services Inc is $997.78 million. The firm's AUM has grown by 334% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $549.66 million in discretionary accounts and $448.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $237.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $134.45 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is government bonds, which make up 15% of the firm’s portfolio. Investments in sovereign bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Uma Financial Services Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mcomber Michelle serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mcomber Michelle is pension and profit sharing plans with 46 clients and $448.12 million of assets under management. Among the 7 most similar advisory firms, Uma Financial Services has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $997.78 million for 1,030 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Uma Financial Services doesn't advise any private funds.

Careers at Uma Financial Services Inc

The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mcomber Michelle has been acting as President since 1 Sep 2009. Matthew Tyler Newton joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Utah Medical Association	Shareholder	1 Sep 1993	Other	87-0204459
John Leon Sorenson	President	1 Sep 1993	Other	4361624
Martin Arthur Watkins	Chief operating officer	1 Sep 1993	Other	2251777
Richard Clifton Brown	Director	1 Sep 1993	Other	4361642
Brent Stanley Child	Director	1 Sep 1993	Other	4361644
Lynn Taylor Dayton	Director	1 Sep 1993	Other	4361649
Gary D Lower	Director	1 Sep 1993	Other	4361654
A Robert Thorup	Director	1 Sep 1993	Other	1903997
Alvin Robert Thorup	Director	1 Sep 1993	Other	1903997
Alvin Robert Thorup	Director	1 Jan 1998	Other	1903997
Scott Bergeson	Director	1 Jan 1999	Other	4361659
Val Johnson	Director	1 Oct 1999	Other	4361668
Craig L Smith	Director	1 Nov 1999	Other	4433706
Trent Lynn Searle	Vp of operations	1 Jan 2000	Other	4433677
James Fowler	Director	1 Oct 2000	Other	4361663
Douglas Reinhart	Director	1 Oct 2000	Other	4361671
Douglas James Reinhart	Director	1 Oct 2000	Other	4361671
Richard J Sperry	Director	1 Apr 2001	Other	4433693
Richard Jones Sperry	Director	1 Apr 2001	Other	4433693
Bateman Val	Director	1 Jan 2005	Other	5031360
Jerry Marsden	Director	1 Mar 2005	Other	5031358
Gordon Daniels Brown	Director	1 Nov 2005	Other	4361637
Kurt Bodily	Director	1 Nov 2005	Other	5109217
Mark Thompson Woodruff	Director	1 Jan 2006	Other	2368330
Catherine Jeanne Wheeler	Director	1 Jan 2007	Other	5288406
John Leon Sorenson	Director	1 Jul 2007	Other	4361624
Trent Lynn Searle	President/chief compliance officer	1 Jul 2007	Other	4433677
John Leon Sorenson	Director	1 Jan 2008	Other	4361624
Craig Lamont Israelsen	Director	1 Jan 2008	Other	5496657
Steven Scharmann	Director	1 Jan 2008	Other	5496662
George Cannon	Director	1 Jan 2008	Other	5496665
Stephen D. Scharmann	Director	1 Jan 2008	Other	5496662
David Glen Morrell	Director	1 Sep 2008	Other	5767203
John Leon Sorenson	President	1 Mar 2009	Other	4361624
Trent Lynn Searle	Chief compliance officer	1 Mar 2009	Other	4433677
Mcomber Michelle	Director	1 Sep 2009	Other	5031360
Cole F. David	Director	1 Sep 2009	Other	4433677
David Frederic Cole	Director	1 Sep 2009	Other	5791442
Douglas J. Reinhart	Director	1 Jan 2010	Other	5109217
F. Tempel Riekhof	Director	1 Jan 2010	Other	5288406
Margaret Melissa Saez	Chief compliance officer	1 Jan 2010	Other	2691049
Brian E. Shiozawa	Director	1 Sep 2010	Other	6042344
Jefforey R. Thorpe	Director	1 Jan 2011	Other	6042348
Brian C. Hales	Director	1 Sep 2011	Other	6043526
Kim Bateman	Director	1 Jan 2012	Other	6040479
C. Kerry Stratford	Director	1 Jan 2012	Other	6040484
Steven K. Miller	Director	1 Oct 2012	Other	6179864
Jeffrey Dell Zesiger	Chief compliance officer, president	1 Mar 2013	Other	2649450
B. Dee Allred	Director	1 Sep 2013	Other	6464034
William Hamilton	Director	1 Sep 2014	Other	6464037
John C. Bailey	Director	1 Jan 2016	Other	6776451
Paul N. Clayton	Director	1 Jan 2016	Other	6776450
Nicole D. Jeffreys	Director	1 Jan 2017	Other	6776448
Elizabeth F. Howell	Director	1 Jan 2017	Other	6776919
Matthew Tyler Newton	Director	1 Jan 2018	Other	2756792
Howard R Weeks	Director	1 Jan 2018	Other	6908585

Based in Salt Lake City

The principal office where Uma Financial Services Inc performs its advisory services is located at 310 East 4500 South, Salt Lake City, UT 84107, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-747-0800 or by fax 801-747-3520. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at umafs.org.