Summit Portfolio Management Review
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October 4th, 2021
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 |
| Visit Profile | |
| 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.
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").
FAQs
What services can Summit Portfolio Management provide?
As a financial advisory firm, Summit Portfolio Management can provide a variety of financial planning services for Americans. Financial advisors help you achieve your life goals, e.g., saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds).
Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance.
Where is Summit Portfolio Management headquartered? Which states do its financial advisors serve?
Summit Portfolio Management is headquartered in Las Vegas, NV. Summit Portfolio Management offers financial advisor services in 4 states: Arizona, California, Nevada, Texas.
What is the average client balance at Summit Portfolio Management?
While Summit Portfolio Management advises clients across a variety of portfolio sizes, the average client balance is currently $1,110,979. In total, Summit Portfolio Management manages $123,318,681 in assets.
What is the historical performance of Summit Portfolio Management?
The SEC, nor FINRA, tracks portfolio performance metrics for the financial planning industry. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Financial plans and investment portfolios are always unique to the client's personal financial situation.
Can I write a review of Summit Portfolio Management or file a complaint?
investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. As a result, we do not support personal reviews on the site. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form.
Other Firms
GFS Advisors, Vectors Asset Management Company, Sequent Planning, Triagen Wealth Management
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.
*SEC data last verified 10/04/2021. For the most up-to-date information, please view the applicable SEC and FINRA reports above. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Any data inaccuracies, please contact our team. All requests for updated information should also be reported directly to the SEC and/or FINRA. Firm’s/Financial Professional’s investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the “Personal Bio,” “Certifications,” and/or “Investment Philosophy” portions of the profile page. With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com’s Trust Score algorithm or review process.
