Drive Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, family office services, insurance, philanthropic planning, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Drive Wealth Management reports 1,112 clients. They include 744 individual clients, 329 high-net-worth individuals, and 36 pension and profit-sharing plans. Of its assets, 97.3% ($1.46B across 4,059 accounts) are managed with discretion; $40M across 137 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 67% | 11% |
| High-net-worth individuals | 30% | 86% |
| Pension and profit-sharing plans | 3% | 3% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 744 | $170M | 11.4% | $229K |
| High-net-worth individuals | 329 | $1.29B | 85.9% | $3.92M |
| Pension and profit-sharing plans | 36 | $40.7M | 2.7% | $1.13M |
| Charitable organizations | 1 | $302K | 0.0% | $302K |
| Corporations and other businesses | 2 | $781K | 0.1% | $390K |
| Total | 1,112 | $1.5B | 100% | $1.35M |
- Clients
- 744
- Regulatory AUM
- $170M
- AUM share
- 11.4%
- Avg. per client
- $229K
- Clients
- 329
- Regulatory AUM
- $1.29B
- AUM share
- 85.9%
- Avg. per client
- $3.92M
- Clients
- 36
- Regulatory AUM
- $40.7M
- AUM share
- 2.7%
- Avg. per client
- $1.13M
- Clients
- 1
- Regulatory AUM
- $302K
- AUM share
- 0.0%
- Avg. per client
- $302K
- Clients
- 2
- Regulatory AUM
- $781K
- AUM share
- 0.1%
- Avg. per client
- $390K
Total
- Clients
- 1,112
- Regulatory AUM
- $1.5B
- AUM share
- 100%
- Avg. per client
- $1.35M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Drive Wealth Management charges up to 2.00% a year for its Portfolio Management Services. The fee is billed in advance or in arrears and is negotiable. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Family Office Services
- A fixed fee set by the client’s total investable assets, billed quarterly in arrears and adjustable annually on 30 days’ notice.
- Financial Planning Services
- Financial planning is charged at a maximum of $300 an hour or a fixed fee of $5,000 to $50,000, depending on the scope of services.
- General Consulting
- Consulting is charged at a maximum of $200 an hour or a fixed fee of $5,000 to $50,000, depending on scope and negotiable.
Crabb Financial, LLC owns 75% or more of Drive Wealth Management and is in turn owned by Lowell Crabb (75% or more). The leadership team of Drive Wealth Management includes President Lowell Crabb, Chief Investment Officer James Hawker and Chief Operating Officer Ryken Harris. It has 17 employees, 15 of them in advisory roles.
Leadership
- Lowell CrabbPresident
- Paul GrinceriChief Financial Officer
- Ryken HarrisChief Operating Officer
- Matthew PendletonChief Compliance Officer
- James HawkerChief Investment Officer
Investment adviser representatives
17 representatives listed in the SEC register as of 9 October 2026.
- Scott Mons Broadbent
- Joshua Paul Coombs
- Lowell Charles Crabb
- Lynn A. Gilbert
- James Kirk Hawker
- Jeffrey Carl Ingersoll
- Dane Joshua Jensen
- Adam Keeler Jones
- Kaige Byron Korth
- Joshua Davis Osmond
- Elias Stephen Patrick
- Michael Daniel Reid JR
- Brenton M Ripley
- Joshua M Ripley
- Grant Milo Rowan
- Michael Jonathan Walsh
- Daniel Mark Wilson
Staff
- 17 employees
- 15 in advisory functions
- 13 state-registered reps
- 10 insurance agents
- 4 soliciting firms
- Owns 75% or more of Drive Wealth Management, LLC
Crabb Financial, LLC
Control person · since January 2015
- Owns 75% or more of Crabb Financial, LLC
Lowell Crabb
Control person · since January 2008
Drive Wealth Management’s regulatory assets grew 1.8× from $843M (June 2021) to $1.5B (September 2026); clients rose from 514 to 1,112 and employees from 14 to 17. In 2021, Magellan Capital joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $1.5B | 1,112 | 17 | 3 |
| March 2025 | $2.18B | 1,384 | 28 | 2 |
| March 2024 | $2.02B | 1,098 | 15 | 4 |
| April 2023 | $1.83B | 1,061 | 14 | 4 |
| March 2022 | $1.23B | 517 | 14 | 2 |
| June 2021 | $843M | 514 | 14 | 2 |
Firms that joined
20211 joined
- Magellan CapitalNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Drive Wealth Management has 2 offices (1 private residence, listed without an address), with 2 listed addresses in California and Utah.
California · 1 listed address
- 16870 W. Bernardo DR., San Diego
Utah · 1 listed address
- 3333 N Digital Drive, #700, LehiHQ
Other business names
Drive Wealth Management has reported 1 other business name to the SEC.
- Drive Wealth Advisers
Contact and registration details
- Legal name
- Drive Wealth Management, LLC
- Headquarters
- 3333 N Digital Drive, #700, Lehi, UT 84043
- Website
- drivewealthadvisers.com
- Phone
- 801-901-6150
- @drive-wealth-advisers
- SEC file
- 801-113223
- Founded
- 2015
- Structure
- Utah LLC
- Fiscal year end
- December
Drive Wealth Management uses Fidelity ($1.08B) as custodian for its separately managed accounts. Drive Wealth Management has custody of $211M in client assets for 329 clients.
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $1.08B100%
At year end, Drive Wealth Management’s separately managed accounts were mostly in funds (50%) and stocks (25%). Its reported 13F holdings for the quarter ended 30 June 2026 total $561M across 459 positions; the largest are Vanguard Tax-managed Fds (5.2%), J P Morgan Exchange Traded F (4.9%) and iShares TR (4.9%).
What the accounts hold
- Stocks25%
- Funds50%
- Registered funds31%
- Pooled vehicles19%
- Bonds13%
- Cash10%
- Other2%
- Derivatives2%
Reported 13F holdings
- $561M
- Reported 13F value
- 459
- Positions
- 31.8%
- In the 10 largest
- +18.4%
- Value vs. prior quarter
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt5.2%
- J P Morgan Exchange Traded F · Betabuildrs US4.9%
- iShares TR · Core S&P500 ETF4.9%
- Nvidia Corporation3.7%
- Apple Inc.3.2%
- Vanguard Intl Equity Index F · FTSE Emr Mkt ETF2.7%
- Microsoft Corp.2.0%
- Amazon Com Inc.1.8%
- Vanguard Index Fds · Mid Cap ETF1.8%
- iShares TR · Core S&P Scp ETF1.7%
Together, the ten largest are 31.8% of reported value.
How many clients does Drive Wealth Management have?
Drive Wealth Management has 1,112 clients and manages $1.5 billion for them, as of September 2026. They include 744 individual clients, 329 high-net-worth individuals, and 36 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 September 2026
What services does Drive Wealth Management offer?
Drive Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, family office services, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Drive Wealth Management charge?
Drive Wealth Management charges up to 2.00% a year for its Portfolio Management Services. The fee is billed in advance or in arrears and is negotiable.
Source: DRIVE WEALTH MANAGEMENT, LLC ADV PART 2 BROCHURE, filed 17 July 2026
Which custodians does Drive Wealth Management use?
Drive Wealth Management’s separately managed account assets are held at Fidelity Distributors Company LLC (Smithfield, RI), with $1.08B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 September 2026
How many financial advisors does Drive Wealth Management have?
Drive Wealth Management has 13 investment adviser representatives registered with state securities authorities, out of 17 employees, and 15 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 10 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Drive Wealth Management invest in?
At the end of its last fiscal year, Drive Wealth Management’s separately managed accounts held 31% registered funds (mutual funds, ETFs, BDCs), 25% exchange-traded equities, 19% pooled vehicles (private funds and similar), 13% state and local bonds, 10% cash and equivalents and 2% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Drive Wealth Management?
Drive Wealth Management is owned through a holding company by Lowell Crabb. Its direct owner is Crabb Financial, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 2 September 2026
How does Drive Wealth Management get paid?
Drive Wealth Management is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Drive Wealth Management registered with the SEC?
Yes, Drive Wealth Management has been registered with the SEC as an investment adviser since 11 May 2018. Its CRD number is 174728 and its SEC file number is 801-113223.
Source: Form ADV Part 1A, Item 1, filed 2 September 2026; IAPD firm record
How do I contact Drive Wealth Management?
Drive Wealth Management’s main office is at 3333 N Digital Drive, #700, Lehi, UT 84043. Its phone number is 801-901-6150. Its website is drivewealthadvisers.com.