Summit Financial Strategies Review


Trust Score 87%
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Summit Financial Strategies, federally registered in 1995, is a Registered Investment Advisor (RIA) in 16 state(s) with a licensed staff of 11 advisors. Summit Financial Strategies manages $1 billion and provides investment advisory services for 725 clients (1:66 advisor/client ratio).

Summit Financial Strategies requires a $333,333 minimum investment and charges a blended rate between 0.75% and 0.35% for ongoing portfolio management services, depending on the size of the portfolio.

Benefits


  • Firm uses a transparent fee-only model
  • Firm uses a trusted custodian
  • Firm has $1B or more in assets under management

Considerations


  • There is only one licensed advisor for every 66 clients (industry average 1:50)
  • Firm serves fewer than 1,000 clients

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Managed Investing


Feature Value
Estimated Fees (Annual) $0 on a $100,000 portfolio
Annual Management Fee Notes None
Minimum Investment $333,333
Minimum Annual Fee $2,500
Average Account AUM $1,640,705
Broker-Dealer Hybrid No
Disciplinary History No
Total AUM $1 billion
Advisor / Client Ratio 1:66
Headquarters Columbus, OH
SEC Filings Forms and Brochures


Annual Fee Ranges Percent
$0 to $1,000,000 0.75%
$1,000,001 to $2,000,000 0.65%
$2,000,001 to $3,000,000 0.55%
$3,000,001 to $4,000,000 0.45%
$4,000,001+ 0.35%


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