PARSIPPANY, N.J.--()--Summit Financial (“Summit”), ​​a preeminent investment advisory firm with more than 40 years of experience* providing market-leading, multi-family office services that empower financial advisors to accelerate growth, today celebrates one of its best years ever. Approaching $20 billion in assets under advisement entering Q1 2025, Summit achieved 70% year-over-year growth. The firm executed 18 precision-targeted investments while strategically expanding its workforce by 28 high-caliber professionals, reinforcing its commitment to scalable growth and industry leadership.

Summit’s network comprises more than 100 advisors, strategically positioned across the nation to deliver comprehensive financial expertise to drive financial success. This diverse team utilizes access to alternative investments that empower clients with sophisticated wealth strategies, robust portfolio diversification, enhanced return potential and comprehensive multi-generational financial planning in today's dynamic market landscape.

Summit’s dual-pronged strategy is rooted in personalized, high-touch services and equipping advisors with enhanced tools to optimize practice management. This commitment to innovation has garnered industry accolades with Summit ranking #34 on Forbes’ Top RIA Firms and being named as one of Barron’s Top 100 RIA Firms, securing a spot in the top 50. Additionally, advisors across Summit’s network earned spots on highly regarded industry lists, including InvestmentNews’ Top Advisors in the USA, Forbes 2024 Best-In-State Wealth Advisors and AdvisorHub’s Advisors to Watch. These honors reflect the firm’s commitment to excellence, innovation and support of exceptional client outcomes.

“2024 was a pivotal year, marked by record-breaking growth for Summit, strategic partnerships and a significant expansion of our advisor network,” said Stan Gregor, CEO of Summit Financial Holdings. “Since 2016 we’ve increased our asset base fivefold, and this past year’s momentum has positioned Summit 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 clients and advisors alike.”

As Summit continues its ascent, the firm remains steadfast in its founding principles of independence and powerful financial planning. The SummitVantage™ platform stands as a testament to this commitment, offering a premiere suite of fully integrated family office services, thought leadership and innovative technology. This potent combination not only accelerates Summit's growth but also helps Summit continue to push a standard of excellence in wealth management, positioning the firm to shape its future of financial advisory services for years to come.

"Summit's growth and commitment to excellence has established them as a highly respected leader in the industry," added Tim Bello, Co-Founder and Managing Partner at Merchant. “We deeply value our partnership with Summit and 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

Summit Financial (“Summit”) is a preeminent investment advisory firm with over 40 years of experience helping advisors elevate their businesses and deliver exceptional client experiences. Built by advisors for advisors, Summit champions independence while providing the tools, capital and resources needed to achieve growth and success.

Guided by a legacy of partnership, Summit and its affiliate firms prioritize personalized solutions and financial planning tailored to individual needs and values. Whether it’s delivering objective advice to clients or offering advisors a pathway to long-term growth, Summit works to ensure that every offering reflects its commitment to independence and excellence. With a growing national footprint, Summit remains dedicated to turning aspirations into achievements and empowering advisors and clients alike to live life on their terms.

ABOUT SUMMIT GROWTH PARTNERS

Summit Growth Partners (“SGP”) is a partnership focused on making minority investments in high-quality advisory practices and firms. SGP provides capital and support to help advisors accelerate their growth, enterprise value and the ability to participate in future monetization events. SGP represents a truly aligned partnership model placing the advisors’ interest side by side with management and capital.

*Summit Financial, LLC, a SEC Registered Investment Adviser established November 2018, is the successor firm to Summit Equities, Inc. (registered with the SEC in 1991) and Summit Financial Resources, Inc. (registered with the SEC in 1983) for all of their investment advisory and financial planning business.

Source: Forbes|SHOOK (October 2024) America’s Top RIA Firms. Barron's 2024 Top RIA Firms (October 2024). InvestmentNews 2024 Top Financial Advisors, Christopher Stappas (January 2024). Forbes|SHOOK 2024 Best-In-State Wealth Advisors, Joseph Spada NJ, John LeRoy NJ, Monish Verma MI (April 2024). AdvisorHub 2024 1000 Advisors to Watch, multiple advisors included (June 2024). RIA rankings were determined based on an evaluation process conducted by Forbes|SHOOK (Oct. 2023-Oct. 2024), Barron’s (Data as of 3/31/2024), InvestmentNews (September 2022 - September 2023), Forbes|SHOOK Best-In-State (Data as of 6/30/23), and AdvisorHub (Dec. 2022- Dec. 2023). Summit Financial, LLC, did not pay a fee to obtain or use these rankings.