Salt Lake City Wealth Management is No Longer Exclusive to Billionaires

Most Salt Lake City wealth management focuses solely on brokerage, but completely misses at least 29 other areas. Our comprehensive family office services give you convenient access to 70+ professionals usually only afforded by billionaires.

Serving the greater Salt Lake City area’s 1,098,400 residents and 59,607 businesses spanning Sugar House, Liberty Wells, Central City, and beyond for all of your Salt Lake City small business accounting needs.

Case Study

How We Helped a Couple Save $160,000 in Taxes After a Big Whoopsie!

Break Into the Top 2%

According to a recent Spectrum study, 78% of high-networth clients expect “wealth transfer advice” and “trust services” from their advisors, but only 2% receive it.

Making Billionaire Family Office Services Attainable for Everyone

To grow and retain your wealth today and for generations to come, you’ll need a team of experts comprised of attorneys, accountants, financial advisors, risk mitigation specialists, and business advisors.

The full-time in-house employment of all of these professionals for wealth management is known as a “family office,” and it’s usually reserved for billionaires because hiring all of these services individually could break your bank.

Plus, do you have the time and know-how to assemble this team?

That’s why we’ve done it for you!

Our Wealth Management
Solutions Are for You if You Want…

Your Wealth to Be Protected

We go beyond expectations, helping you structure and preserve your wealth in this lifetime and beyond.

Access to a Team of Professionals

Our family office services give you convenient access to all the accountants, lawyers, and advisors you need.

To Ward Off Issues Before They Happen

With our proactive and holistic guidance, we’ll plan ahead so you and your family always end up on top.

«We’ve assembled 70+ professionals in our family office so you have all the wealth guidance and support you need to ensure your legacy wealth is secured for you and your family.»

Trusted by Salt Lake City Business Owners

“They were quick to get back to us and set up an in person appointment to discuss final taxes on an estate. The office was professional and in a great easy to get location.”

Doddie Dunbar

“We have had our taxes done here for many years. They have always been professional and provided excellent customer service.”

Rhiannon O'Brien

“Tim is wonderful. Easy to work with and very thorough, saving me money on my business taxes. I wouldn't use anyone else.”

Tessie Adams

CPAs With a Passion for Family Office Services

Established in 1964 in Portland’s Hollywood district, this firm already offered extraordinary tax planning services. Since then, I have evolved our company beyond the typical Salt Lake City accounting firm to include estate planning and wealth advisory because I wanted to take care of my family’s legacy wealth and help others do the same.

Over the years, clients have passed away and I’ve seen the disaster it creates for those who don’t have a plan in place. I truly want better for you and your family.

I know what good estate planning looks like for a bereaved family. It takes unnecessary stress off their plate and leaves them in a very good situation for decades.

On behalf of my family and our amazing team at Downing & Co, I look forward to working with you so you can save in taxes today and ensure your legacy for the future.

Tim Downing, CPA, Oregon | Downing & Co. Managing Principal

We’re Not Your Average Salt Lake City Wealth Management Firm. Here’s What You’ll Get When You Hire Us…

Close to 0% Tax Liability

Our family office wealth management services will ensure your tax payments are as close to $0 as possible, so you can keep more of what you worked so hard for.

Up to 10x ROI

Your results are our success, so we design our wealth management solutions to generate at least a 3x return on investment, and in most cases, we hit a 10x ROI.

Streamlined & Convenient

Our comprehensive team of 70+ experts provide a holistic strategy that includes: legal services, wealth management, tax planning, risk mitigation, and business advisory.

Our 5 Phases of
Proactive Planning

Proprietary Client Interview

Customized Proactive Action Plan

Wide Access to Experts

Implementation

Regular
Check Ins

Meet Your Salt Lake City CPA Team

Tim Downing, CPA, Oregon

Managing Principal

Jeannie Ryall, EA

Tax Manager

Dachelle Hattan

Tax Accountant

Lee Schwartz

Advanced Planning Team Lead

Shirley McArthur

Office Manager

Your Comprehensive Family Office
Wealth Management Services

Personal Planning Focus

Financial Planning

✓ Investments
✓ Retirement
✓ Social Security
✓ College Expenses
✓ Safe Money Options

Advanced Planning

✓ Personal Tax Reduction
✓ Asset Protection Planning
✓ Wealth Transfer Advisory
✓ Tax Advantaged Wealth

Legacy Planning

✓ Trust Planning
✓ Estate Planning
✓ Charitable Planning

Insurance/Risk Management

✓ Risk Management
✓ Life Insurance
✓ Personal Health Insurance
✓ Long Term Care
✓ Disability Insurance

Business Planning Focus

Business Strategy

✓ Business Direction/Vision
✓ Business Growth
✓ Leadership Skills
✓ Culture & Accountability
✓ Succession Planning

Business Finance/Costs

✓ Financing Options
✓ Reducing Operational Costs
✓ Business Tax Strategies

Business Protection/Risk Management

✓ Buy-Sell Agreements
✓ Key Man Coverage
✓ Property & Casualty Insurance

Employee Benefits

✓ Reducing Health Costs
✓ Employee Retention
✓ Employee Retirement Plans

Book a Free
Consultation

We’ll start your journey through our proprietary client interview process to review your unique situation and develop actionable recommendations that meet or exceed your tax, bookkeeping, estate, or wealth planning needs quickly and conveniently.

Fixed Fee

No Surprises
Guarantee

We believe in full transparency and respect, which is why we offer a fixed fee for our family office and wealth management services. That way, there are never any surprises!

Yes, We Offer Small Business Accounting in Salt Lake City, Utah

West Valley City, UT
Provo, UT
West Jordan, UT
Orem, UT
Sandy, UT
Ogden, UT
St. George, UT
Layton, UT
South Jordan, UT
Lehi, UT
Millcreek, UT
Taylorsville, UT
Logan, UT
Murray, UT
Draper, UT
Bountiful, UT
Riverton, UT
Roy, UT
Spanish Fork, UT
Pleasant Grove, UT
Cottonwood Heights, UT
Tooele, UT
Clearfield, UT
Springville, UT
Cedar City, UT
Midvale, UT
Kaysville, UT
Holladay, UT
American Fork, UT
Syracuse, UT

Salt Lake Utah Davis Weber Tooele Summit Wasatch Morgan Cache Box Elder Washington Iron Sanpete Sevier Duchesne Uintah Carbon San Juan Grand Emery Garfield Kane Wayne Beaver Millard Juab Piute Rich Daggett

Salt Lake City Small Business Accountants is near Temple Square which is close to North Salt Lake, Farmington, and Bluffdale. Delta Center, Salt Lake City Tabernacle, and the Natural History Museum of Utah are also nearby.

FAQs

What investment strategies do local wealth managers recommend?

Local wealth managers recommend diversified investment strategies based on individual financial goals, risk tolerance, and market conditions. They often suggest a mix of stocks, bonds, real estate, and alternative investments. Strategies may include tax-efficient investing, retirement planning, and asset allocation to maximize returns while minimizing risks.

Are there tax benefits to using a local wealth management service?

Yes, a local wealth management service provides tax benefits by offering personalized strategies tailored to state and federal tax laws. They help optimize deductions, minimize capital gains taxes, and implement tax-efficient investment plans. Their expertise ensures compliance while maximizing after-tax returns and long-term financial growth.

How do local wealth managers help business owners manage their wealth?

Local wealth managers help business owners manage their wealth by offering tax-efficient strategies, investment planning, retirement solutions, and risk management. They assist with cash flow optimization, succession planning, and asset protection, ensuring financial stability and long-term growth while aligning business and personal financial goals.

How do wealth management services in Salt Lake City compare to national firms?

Wealth management services in Salt Lake City offer personalized, locally focused financial strategies, understanding state tax laws and regional economic trends. Unlike national firms, they provide tailored investment and estate planning solutions with a hands-on approach, while still offering competitive financial expertise and access to diverse investment opportunities.

1 Fun And 1 Interesting Fact About Salt Lake City!

Salt Lake City hosted the 2002 Winter Olympics, which brought significant development to the area, including improvements to parks and transportation. The city is characterized by its unusually wide streets, designed to accommodate a team of four oxen and a covered wagon to turn around easily. This design was insisted upon by Brigham Young, the Mormon leader and founder of Salt Lake City, who wanted spacious streets in the new city.

Salt Lake City Small Business Accounting Resources

Utah Association of CPAs

https://www.orcpa.org/

15 W. South Temple
Suite 1625
Salt Lake City, UT 84101

(801) 466-8022

Institute of Management Accountants
https://www.oatc-oregon.org/

saltlake@imachapter.org

What is the Utah Association of CPAs?

The Utah Association of Certified Public Accountants (UACPA) is a professional organization for CPAs in Utah. It aims to bolster the proficiency and ethical standards of its members through continuing education, advocacy, and networking opportunities. The UACPA serves as a vital resource for professional development, legislative updates, and community involvement, supporting its members in maintaining excellence in accounting practices. The association also engages in promoting the CPA profession and provides guidance on compliance with professional standards, thereby ensuring the integrity and reliability of accounting services within the state.

What is the Utah Division of Professional Licensing?

The Utah Division of Professional Licensing (DOPL) is a regulatory agency within the Utah Department of Commerce. It oversees the licensing and regulation of various professions and occupations in the state to ensure public safety and compliance with statutory and regulatory standards. The division is responsible for setting licensure requirements, conducting examinations, and enforcing regulations across numerous fields, including accounting, healthcare, construction, and cosmetology. DOPL also investigates complaints and disciplines licensees who violate professional standards. By maintaining rigorous professional criteria, DOPL aims to protect consumers and ensure high standards of practice among professionals in Utah.

Salt Lake City, Utah Local Resources

Small Business Accountant
Salt Lake City

776 Ramona Ave
Salt Lake City, UT 84105

(385) 519 0666

The Salt Lake Chamber

201 S Main St #2300
Salt Lake City, UT 84111

(801) 364-3631

Salt Lake City Office of Finance

P.O. Box 145451
Salt Lake City, UT 84114

Salt Lake City IRS Taxpayer Assistance Center

78 S Rio Grande St
Salt Lake City, UT 84101

(844) 545-5640

Salt Lake City Police Department

P.O. Box 145497
Salt Lake City, UT 84114

(801) 799-3000

Salt Lake City and County Building

451 S State St
Salt Lake City, UT 84111

(801) 535-7704

Top Companies in Salt Lake City, Utah

Zions Bancorporation

One South Main Street
Salt Lake City, UT 84133

(801) 844-7000

ARUP Laboratories

500 Chipeta Way
Salt Lake City, UT 84108

(800) 522-2787

Health Catalyst

3165 Millrock Dr #400
Salt Lake City, UT 84121

(801) 708-6800

Pluralsight

42 Future Way
Draper, UT 84020

(801) 784-9007

Extra Space Storage

2795 E Cottonwood Pkwy #400
Salt Lake City, UT 84121

(801) 562-5556

Clarus Corporation

2084 East 3900 South
Salt Lake City, UT 84124

(801) 278-5552

More About Small Business Accounting in Salt Lake City, Utah

Nestled against the stunning backdrop of the Wasatch Mountains, Salt Lake City stands as the vibrant capital of Utah, boasting a population of around 200,000 residents within the city limits and over 1.2 million in the metropolitan area. With a median age of approximately 31 years old, the city attracts a diverse range of residents, from young professionals drawn to its burgeoning tech scene to families seeking a high quality of life. Salt Lake City’s demographics reflect a mix of cultures and backgrounds, with a significant portion of the population identifying as Caucasian, followed by Hispanic, Asian, and African American communities, contributing to its rich cultural fabric.

Residents of Salt Lake City enjoy a unique blend of urban amenities and outdoor recreation, with easy access to world-class skiing, hiking, and biking trails just minutes away from downtown. The city’s thriving arts and culinary scenes, coupled with its strong sense of community, foster a dynamic and inclusive atmosphere. Whether exploring the historic streets of downtown, attending cultural events, or simply soaking in the natural beauty of nearby national parks, Salt Lake City offers something for everyone, making it a beloved destination for both locals and visitors alike.

In Salt Lake City, small business accounting plays a crucial role in supporting the city’s vibrant entrepreneurial ecosystem. With a growing number of startups and small businesses calling the area home, there’s a demand for specialized accounting services tailored to the unique needs of these enterprises. From managing day-to-day finances to navigating tax regulations and financial planning, local accounting firms and professionals provide essential support to help businesses thrive in a competitive market.

Organizations such as the Salt Lake Chamber of Commerce and local Small Business Development Centers offer valuable resources and networking opportunities for entrepreneurs looking to establish sound financial practices. Through workshops, seminars, and one-on-one consultations, small business owners gain access to expertise and guidance that can help them make informed financial decisions and achieve long-term success. As Salt Lake City continues to evolve as a hub for innovation and entrepreneurship, small business accounting remains a vital component of the city’s economic landscape, contributing to its growth and prosperity.

Downing & Co works with businesses and high-networth individuals to minimize their taxes and grow their bottom line, while building and preserving their legacy. Offering tax planning, accounting services, estate planning, and wealth management services in the greater Salt Lake City area, we work holistically and proactively for you. Our clients love our quick response time, fixed fees, friendly advisors, and our creative, results-focused approach.