Summit Investment Advisory Services, Inc. is a large advisory firm based in Roseville. It manages $257.76 million of regulatory assets for 1,197 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, Colorado, Florida, and 3 other states.
Summit Investment Advisory Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 1,075 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Summit Investment Advisory Services, Inc. is $257.76 million. The firm's AUM has grown by 129% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Summit Investment Advisory Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Sean Patrick Mcdermott is individuals with 686 clients and $144.22 million of assets under management. Among the 10 most similar advisory firms, Summit Investment Advisory Services has the 4th highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $257.76 million for 854 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Summit Investment Advisory Services doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Summit Investment Advisory Services, Inc. is owned by Scott Edward Caskey. Sean Patrick Mcdermott has been acting as President since 1 Sep 2013. Russell David Rogers joined the executive team most recently as the Chief Compliance Officer.
The principal office where Summit Investment Advisory Services, Inc. performs its advisory services is located at 3065 Center Pointe Drive, Roseville, MN 55113, which is also the mailing address of the firm. An additional office of the firm is in Hudson, WI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 651-490-2939 or by fax 651-490-7569. The normal business hours are 8:00 am - 5 pm on Monday - Friday. You can find more information about the New York firm at summitinvest.com.