Summit Financial, LLC

RIASEC RegisteredEst. 2018

Total AUM

$26.3B

Discretionary

$15.2B

58% of AUM

Avg account

$649K

Accounts

40,628

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: HNWI56.68%
Individuals32.47%
Pension & Profit Sharing Plans10.65%
Corporations / Businesses0.15%
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 organized as an LLC and SEC-registered since 2018. The firm serves both individual/family and institutional clients and operates as a capital allocator, selecting third-party managers and acting as sponsor or managing member for pooled vehicles in some situations. Its advisory services include financial planning, portfolio management for individuals and small businesses, pension consulting, and selection of other advisers. Summit charges a mix of asset-based fees and fixed fees. Summit reports that it does not position itself as an active ESG investor. The firm has been recognized in the industry, with appearances on Forbes’ lists of top RIA firms (multiple years), Barron’s Top 100 RIA firms (including 2023 and 2025), and AdvisorHub’s 50 RIA Firms to Watch in 2026.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Public Funds/Mutual Funds52%
Exchange Traded Equities31%
Cash & Cash Equivalents8%
State & Local Bonds7%
US Government Bonds2%

Owners & executives

3 of 17

Evgeniy Yashin
Partner, Chief Executive Officer, Chief Investment OfficerCRD 5704938
John Kamal
Chief Operating Officer, Managing PartnerCRD 6811427
Daniel Murphy
Founding Partner & Chief Investment OfficerCRD 1033528