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Summit Portfolio Management Review

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Summit Portfolio Management, registered in 1994, serves 4 state(s) with a licensed staff of 2 advisors. Summit Portfolio Management manages $123.3 million and provides investment advisory services for 111 clients (1:56 advisor/client ratio).



Firm Information


Summary Firm
Overall Rating
Minimum Investment $500,000
Average Client Balance $1,110,979
Total AUM $123.3 million
Advisor / Client Ratio 1:56
Website Visit Site
Phone Number 702-838-9999
Headquarters Las Vegas, NV
Locations See locations
Facebook Visit Profile
Twitter summitportfolio
SEC Filings View SEC IAPD CRD #111243


Disciplinary Questions


After checking the disciplinary records of Summit Portfolio Management, our system found no disciplinary questions to ask. Checks take place monthly.



Conflict Questions


After checking the regulatory records of Summit Portfolio Management, our system has identified the following question(s) to ask. Learn more.


Which securities does Summit Portfolio Management trade for itself that it will also be recommending to me?


Summit Portfolio Management has marked in their disclosures that they trade recommended securities. While this often can be seen as "eating your own cooking," there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold (or have sold short) that they will also be recommending to you.


Our system found no other conflict questions to ask. Checks take place monthly.



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Disciplinary History


An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.

As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for Summit Portfolio Management:




Cost


Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.

Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").


View Fee Disclosures




FAQs





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This automated report was generated using SEC and FINRA data and was last updated on October 4th, 2021*. For data support, email "support@investor.com". Views: 546 (trailing six months). Firms that receive a 4.5 or 5-star rating are considered Trusted by investor.com. Learn more.


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