{
  "crd_number": 110112,
  "slug": "summit-financial-strategies-inc-columbus-oh-110112",
  "primary_business_name": "SUMMIT FINANCIAL STRATEGIES INC",
  "legal_name": "SUMMIT FINANCIAL STRATEGIES INC",
  "dbas": [],
  "city": "Columbus",
  "state": "OH",
  "country": "United States",
  "cbsa_code": "18140",
  "metro": {
    "cbsa_code": "18140",
    "common_name": "Columbus",
    "msa_name": "Columbus, OH",
    "path": "/advisors/oh/columbus"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1995-11-15",
  "years_registered": 30,
  "period": "2026-10-01",
  "filing_date": "2026-08-31",
  "carried_forward": false,
  "raum_total": 2306536262.0,
  "raum_discretionary": 2070037261.0,
  "raum_non_discretionary": 236499001.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 37,
  "advisory_employees": 31,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 14775210.0,
      "count": 5
    },
    "individuals": {
      "raum": 217331556.0,
      "count": 438
    },
    "pension_profit_sharing": {
      "raum": 20266060.0,
      "count": 8
    },
    "high_net_worth_individuals": {
      "raum": 2054163436.0,
      "count": 575
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "IL",
    "IN",
    "KY",
    "LA",
    "MA",
    "MI",
    "MN",
    "NC",
    "NY",
    "OH",
    "PA",
    "SC",
    "TX",
    "VA",
    "WV"
  ],
  "websites": [
    "https://facebook.com/summitfinancialstrategies",
    "https://linkedin.com/company/summit-financial-strategies-inc",
    "https://summitfin.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110112",
  "city_as_filed": "COLUMBUS",
  "url": "https://advisorcensus.com/firm/summit-financial-strategies-inc-columbus-oh-110112",
  "display_name": "Summit Financial Strategies Inc",
  "summary": "Summit Financial Strategies Inc is an SEC-registered investment advisory firm in Columbus, OH, registered since 1995, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 31, 2026.",
  "citation": "AdvisorCensus. Summit Financial Strategies Inc (CRD 110112): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Summit Financial Strategies Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Summit Financial Strategies Inc reports these compensation arrangements: a percentage of assets under its management; other."
    },
    {
      "q": "How much does Summit Financial Strategies Inc charge?",
      "a": "Its Form ADV Part 2A brochure dated February 18, 2026 states: Flat fee: $2,500 (one-time financial plans). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Summit Financial Strategies Inc located?",
      "a": "Summit Financial Strategies Inc's principal office is in Columbus, OH, according to its Form ADV."
    },
    {
      "q": "Is Summit Financial Strategies Inc registered with the SEC or a state?",
      "a": "Summit Financial Strategies Inc is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 110112."
    },
    {
      "q": "How much does Summit Financial Strategies Inc manage?",
      "a": "Summit Financial Strategies Inc reports $2,306,536,262 in regulatory assets under management in its Form ADV filing dated August 31, 2026 (90% discretionary)."
    },
    {
      "q": "How have Summit Financial Strategies Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Summit Financial Strategies Inc: Regulatory assets under management: $1,573,120,095 in the October 2021 data and $2,306,536,262 in the October 2026 data, up 47%. Total employees: 29 in October 2021 and 37 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 Strategies Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (575); individuals (other than high net worth individuals) (438); pension and profit sharing plans (but not the plan participants or government pension plans) (8)."
    },
    {
      "q": "Which custodians does Summit Financial Strategies Inc use?",
      "a": "Summit Financial Strategies Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Summit Financial Strategies Inc report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110112"
    },
    {
      "q": "What changed in Summit Financial Strategies Inc's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Employees performing advisory functions went from 29 to 31. Registered or notice-filed in CO."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1573120095.0,
      "total_employees": 29,
      "filing_date": "2021-05-18"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1720399939.0,
      "total_employees": 28,
      "filing_date": "2022-08-15"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1560747194.0,
      "total_employees": 30,
      "filing_date": "2023-04-10"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1778801036.0,
      "total_employees": 32,
      "filing_date": "2024-08-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2054390311.0,
      "total_employees": 32,
      "filing_date": "2025-07-17"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2306536262.0,
      "total_employees": 37,
      "filing_date": "2026-08-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Employees performing advisory functions went from 29 to 31.",
        "Registered or notice-filed in CO."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Employees performing advisory functions went from 27 to 29.",
        "Regulatory assets under management went from $2,054,390,311 to $2,306,536,262 (+12%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in WA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 18, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $2,500 (one-time financial plans)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $2,500 (one-time financial plans)"
        ],
        "quotes": [
          "Summit may prepare one-time financial plans for a $2,500 fee."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": 2500.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "one-time financial plans"
        }
      ]
    },
    "quotes": [
      "Summit may prepare one-time financial plans for a $2,500 fee."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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-strategies-inc-columbus-oh-110112.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 438,
      "fewer_than_5": false,
      "raum": 217331556.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 575,
      "fewer_than_5": false,
      "raum": 2054163436.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 20266060.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 5,
      "fewer_than_5": false,
      "raum": 14775210.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/110112",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}