Summit Financial Ends 2024 with 18 Investments and $8B in Assets
Summit Financial, a leading investment advisory firm with over 40 years of expertise in delivering market-leading multi-family office services, is celebrating a highly successful year. As it approaches $20 billion in assets under advisement entering Q1 2025, Summit has achieved an impressive 70% year-over-year growth. The firm made 18 strategically targeted investments and expanded its workforce by 28 top-tier professionals, further solidifying its commitment to scalable growth and continued industry leadership.
Summit Financial, a renowned investment advisory firm with over 40 years of experience, has had a remarkable year, achieving significant growth and recognition in 2024. The firm, which specializes in providing sophisticated wealth strategies and portfolio diversification for high-net-worth individuals, has seen a 70% year-over-year growth. As Summit approaches $20 billion in assets under advisement entering Q1 2025, its commitment to personalized services, innovative technology, and advisor support has solidified its position as one of the fastest-growing registered investment advisors (RIAs) in the industry.
Summit’s expansive network now includes over 100 financial advisors strategically positioned across the United States. This diverse team leverages access to alternative investments, equipping clients with robust, multi-generational financial planning tools. These advisors focus on providing solutions that drive long-term success, from wealth management to risk mitigation, ensuring that clients are well-positioned to navigate today’s dynamic financial landscape. The firm’s investment offerings empower businesses and individuals to build diversified portfolios that generate enhanced returns and safeguard financial futures.
The company’s dual-pronged strategy—focusing on high-touch, personalized services and equipping advisors with the best-in-class tools for practice management—has been integral to its success. Summit’s focus on technology and innovation has not gone unnoticed in the industry. In 2024, Summit earned prestigious accolades such as being ranked #34 on Forbes’ Top RIA Firms and securing a spot in Barron’s Top 100 RIA Firms, placing it in the top 50. Additionally, several advisors from Summit’s network were recognized on prominent industry lists, including InvestmentNews’ Top Advisors in the USA and Forbes’ 2024 Best-In-State Wealth Advisors. These honors are a testament to the firm’s commitment to excellence, innovation, and delivering exceptional outcomes for clients.
CEO Stan Gregor expressed pride in the firm’s accomplishments, emphasizing the importance of maintaining a long-term vision for growth. “2024 was a pivotal year, marked by record-breaking growth , strategic partnerships, and a significant expansion of our advisor network,” said Gregor. “Since 2016, we’ve increased our asset base fivefold, and this past year’s momentum has positioned as one of the fastest-growing RIAs in the industry. By maintaining our focus on technology, talent, and client experience, Summit strives to deliver innovative solutions that empower both clients and advisors.”
Summit’s continued growth is also underpinned by its founding principles of independence and strong financial planning. The firm’s SummitVantage™ platform is a prime example of this commitment. The platform offers a comprehensive suite of integrated family office services, cutting-edge thought leadership, and innovative technology that accelerates growth for advisors while enhancing client satisfaction. This powerful combination not only supports the growth but also ensures that the firm continues to set new standards of excellence in the wealth management space.
Summit’s reputation for excellence and client-centric services has attracted a number of strategic partnerships. Tim Bello, Co-Founder and Managing Partner at Merchant, commended Summit’s growth and dedication to innovation. “Summit’s growth and commitment to excellence has established them as a highly respected leader in the industry,” Bello said. “We deeply value our partnership with the exceptional team they’ve assembled. Merchant remains committed to supporting their success and collaborating on initiatives that drive meaningful value for advisors and clients.”
About Summit Financial:
The Financial is a preeminent investment advisory firm with over four decades of experience helping financial advisors grow their businesses and deliver exceptional client experiences. The firm’s focus on independence allows it to provide advisors with the resources and tools needed to achieve sustainable growth and success. Summit’s suite of offerings—ranging from comprehensive financial planning to access to sophisticated wealth strategies—empowers both advisors and clients to realize their financial aspirations.
About Summit Growth Partners:
Summit Growth Partners (SGP) is a partnership that specializes in making minority investments in high-quality advisory practices and firms. By providing capital and support, SGP helps advisors accelerate their growth and enterprise value while maintaining a strong alignment with their interests. This partnership model supports the long-term success of advisors, enabling them to continue offering outstanding services to their clients.
The Financial’s impressive growth, commitment to client-centric services, and strategic expansion efforts underscore its dedication to shaping the future of financial advisory services. With a strong foundation and a forward-looking approach, it is poised to continue its upward trajectory in the wealth management industry for years to come.
