Summit Financial, LLC

RIASEC RegisteredEst. 2018

Total AUM

$22.5B

Discretionary

$12.2B

54% of AUM

Avg account

$620K

Accounts

36,236

Employees

490

Advisory reps

233

Firm details

Headquarters: Parsippany, New Jersey
CRD number: 299322
Registered since: December 3, 2018
Website: summitfinancial.com
Custodians: NATIONAL FINANCIAL SERVICES LLC, CHARLES SCHWAB & CO., INC., GOLDMAN SACHS CUSTODY SOLUTIONS
Fee structure: Percentage of AUM, Fixed Fees
Client types: HNWI62.49%
Individuals26.35%
Pension & Profit Sharing Plans10.93%
Corporations / Businesses0.17%
Charitable Organizations0.06%
Services: Financial PlanningPortfolio Management for IndividualsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Summit Financial, LLC is an independent registered investment adviser formed in 2018 and organized as a limited liability company. The firm acts as a capital allocator and serves both high-net-worth individuals and families as well as institutional clients. Its advisory services include financial planning, portfolio management for individuals and small businesses, pension consulting and selection of sub-advisers. Summit charges clients both percentage-of-assets and fixed fees and does not list itself as an active ESG investor. The firm maintains industry affiliations that span broker-dealer, insurance company relationships, other investment adviser partnerships, and roles as sponsor, general partner or managing member of pooled investment vehicles. Summit has been recognized in multiple industry rankings, including appearances on Forbes’ and Barron’s lists (Forbes Top RIA Firms 2022 and 2023, Forbes America’s Top RIA Firms 2023, Forbes Top RIA Firms 2024; Barron’s Top 100 RIA Firms 2023 and 2025) and AdvisorHub’s 50 RIA Firms to Watch in 2026.