{ "crd_number": 299322, "slug": "summit-financial-llc-parsippany-nj-299322", "primary_business_name": "SUMMIT FINANCIAL, LLC", "legal_name": "SUMMIT FINANCIAL, LLC", "dbas": [ "ADVOCUS PRIVATE WEALTH", "ARGOSY WEALTH MANAGEMENT LLC", "ARMSTRONG ADVISORS", "BFG WEALTH", "BRAD WERNER & COMPANY", "CANON CAPITAL WEALTH MANAGEMENT", "CLARITY CAPITAL PARTNERS", "CONWAY WEALTH GROUP, LLC", "CROW FINANCIAL ADVISORS", "DULWORTH JASKOL", "ESSEX WEALTH MANAGEMENT", "EVEREST CONSULTANTS, LLC", "GARRETT, PERKINS & HORTON ADVISORY PARTNERS", "GATEWAY ADVISORY, LLC", "GENEX CONSULTING", "GLOBAL FINANCIAL PARTNERS, LLC", "GORDON ASSET MANAGEMENT, LLC", "GRANDVIEW SQUARE FINANCIAL", "GREAT LAKES PRIVATE WEALTH", "HERITAGE WEALTH PARTNERS", "IVY WEALTH ADVISORS", "IVY WEALTH MANAGEMENT", "KAMAL CAPITAL GROUP", "KEYSTONE CAPITAL GROUP", "KYROS PRIVATE WEALTH", "LANDSDOWNE PRIVATE WEALTH MANAGEMENT", "LEROY WEALTH MANAGEMENT GROUP", "LIFETIME WEALTH MANAGEMENT, LLC", "LPF FINANCIAL ADVISORS", "LPWM 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"https://linkedin.com/company/meederwealthmanagement", "https://linkedin.com/company/midway-wealth", "https://linkedin.com/company/mrk-wealth-advisors", "https://linkedin.com/company/my-sentinel-wealth/about?viewAsMember=true", "https://linkedin.com/company/oracle-private-wealth-advisors", "https://linkedin.com/company/parsons-broach-financial-services", "https://linkedin.com/company/radiance-private-wealth", "https://linkedin.com/company/salvo-wealth-group", "https://linkedin.com/company/signet-financial-management", "https://linkedin.com/company/silvertree-llc", "https://linkedin.com/company/srm-private-wealth/posts?feedView=all", "https://linkedin.com/company/summit-financialllc", "https://linkedin.com/company/the-jaskol-group", "https://linkedin.com/company/vardhanwealth", "https://linkedin.com/company/wealthplanadvantage", "https://linkedin.com/company/wealthqb", "https://linkedin.com/in/a-shap-invest", "https://linkedin.com/in/executivewealth", 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"https://thepcg.com", "https://twitter.com/Summit_Finan", "https://twitter.com/conwaywealth", "https://vardhanwealth.com", "https://wealthplanadv.com", "https://wealthqb.com", "https://weinermanwealth.com", "https://youtube.com/@SummitFinancialLLC", "https://youtube.com/channel/UCl2MKohov96lWEotfiN3nBw", "https://youtube.com/channel/UCyrqUdKBX4n-JkpUgUfx7Jw", "https://youtube.com/user/ConwayWealthGroup" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/299322", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.E(2)", "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?" } ], "city_as_filed": "PARSIPPANY", "url": "https://advisorcensus.com/firm/summit-financial-llc-parsippany-nj-299322", "display_name": "Summit Financial, LLC", "summary": "Summit Financial, LLC is an SEC-registered investment advisory firm in Parsippany, NJ, registered since 2018, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 3, 2026.", "citation": "AdvisorCensus. Summit Financial, LLC (CRD 299322): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Pension consulting services", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Summit Financial, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Summit Financial, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)." }, { "q": "Where is Summit Financial, LLC located?", "a": "Summit Financial, LLC's principal office is in Parsippany, NJ, according to its Form ADV; the October 2026 filing also lists 57 other offices (Schedule D, Section 1.F)." }, { "q": "Is Summit Financial, LLC registered with the SEC or a state?", "a": "Summit Financial, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 299322." }, { "q": "How much does Summit Financial, LLC manage?", "a": "Summit Financial, LLC reports $26,348,347,965 in regulatory assets under management in its Form ADV filing dated September 3, 2026 (58% discretionary)." }, { "q": "How have Summit Financial, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Summit Financial, LLC: Regulatory assets under management: $4,146,510,021 in the October 2021 data and $26,348,347,965 in the October 2026 data, up 535%. Total employees: 185 in October 2021 and 490 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Summit Financial, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (15,561); high net worth individuals (2,248); pension and profit sharing plans (but not the plan participants or government pension plans) (561)." }, { "q": "Which custodians does Summit Financial, LLC use?", "a": "Summit Financial, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Goldman Sachs Custody Solutions and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Summit Financial, LLC report any disciplinary disclosures?", "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/299322" }, { "q": "What changed in Summit Financial, LLC's recent Form ADV filings?", "a": "In the October 2026 filing data: Regulatory assets under management went from $22,470,472,144 to $26,348,347,965 (+17%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 4146510021.0, "total_employees": 185, "filing_date": "2021-09-01" }, { "period": "2022-10-01", "regulatory_assets_under_management": 6475288062.0, "total_employees": 222, "filing_date": "2022-09-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 6154141421.0, "total_employees": 226, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 8015765521.0, "total_employees": 236, "filing_date": "2024-08-06" }, { "period": "2025-10-01", "regulatory_assets_under_management": 14959048272.0, "total_employees": 353, "filing_date": "2025-07-23" }, { "period": "2026-10-01", "regulatory_assets_under_management": 26348347965.0, "total_employees": 490, "filing_date": "2026-09-03" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Regulatory assets under management went from $22,470,472,144 to $26,348,347,965 (+17%)." ] }, { "period": "2026-08-01", "period_label": "August 2026", "notes": [ "No longer lists the business name The Private Client Group.", "No longer lists the business name Douglas Royce Advisory Group, LLC.", "No longer lists the business name Conway Wealth.", "Added the business name Parkhaven Private Wealth.", "Added the business name Keystone Capital Group.", "Added the business name Kamal Capital Group.", "Added the business name Conway Wealth Group, LLC.", "Added an office in Blue Bell, PA.", "Added an office in Brighton, MI.", "Added an office in Hallandale Beach, FL.", "No longer lists an office in Livingston, NJ.", "No longer lists an office in Palm Beach, FL." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "No longer lists the business name Boca Raton Private Wealth Management.", "No longer lists the business name Nashville Private Wealth Management.", "Added the business name Signet Financial Management, LLC.", "Added the business name Phillips Financial Strategies.", "Added the business name Sentinel Wealth Partners.", "Added the business name M Group.", "Employees performing advisory functions went from 139 to 216.", "Regulatory assets under management went from $14,959,048,272 to $22,470,472,144 (+50%).", "Changed its office addresses in Landsdowne, VA.", "Changed its office addresses in Naples, FL.", "Changed its office addresses in Sarasota, FL.", "Added an office in Cincinnati, OH.", "Added an office in Medford, OR.", "Added an office in Parsippany, NJ.", "Added an office in Washington, DC.", "No longer lists an office in Allendale, NJ.", "No longer lists an office in Branchburg, NJ.", "No longer lists an office in Darien, CT.", "No longer lists an office in Delray Beach, FL.", "No longer lists an office in Fort Collins, CO.", "No longer lists an office in Kenosha, WI.", "No longer lists an office in Leesburg, VA.", "No longer lists an office in Long Beach Twp., NJ.", "No longer lists an office in Manalapan, NJ.", "No longer lists an office in Singer Island, FL.", "No longer lists an office in Westfield, NJ." ] }, { "period": "2025-11-01", "period_label": "November 2025", "notes": [ "No longer lists the business name REX Global Wealth Management.", "Added the business name Global Financial Partners, LLC.", "Added the business name Dulworth Jaskol.", "Changed its office addresses in Durham, NC.", "Added an office in Dublin, OH.", "Added an office in Farmington Hills, MI.", "Added an office in Miamisburg, OH.", "Added an office in Palm Beach, FL.", "Added an office in Sarasota, FL." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Goldman Sachs Custody Solutions", "name_as_filed": "GOLDMAN SACHS CUSTODY SOLUTIONS", "affiliated": false }, { "name": "National Financial Services LLC", "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/summit-financial-llc-parsippany-nj-299322.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 15561, "fewer_than_5": false, "raum": 8554348817.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 2248, "fewer_than_5": false, "raum": 14933903557.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 561, "fewer_than_5": false, "raum": 2804988901.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 4, "fewer_than_5": false, "raum": 16357502.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 19, "fewer_than_5": false, "raum": 38749188.0 } ], "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/299322", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }