{
  "crd_number": 171278,
  "slug": "summit-financial-wealth-advisors-lafayette-la-171278",
  "primary_business_name": "SUMMIT FINANCIAL WEALTH ADVISORS",
  "legal_name": "SUMMIT FINANCIAL WEALTH ADVISORS, LLC",
  "dbas": [],
  "city": "Lafayette",
  "state": "LA",
  "country": "United States",
  "cbsa_code": "29180",
  "metro": {
    "cbsa_code": "29180",
    "common_name": "Lafayette",
    "msa_name": "Lafayette, LA",
    "path": "/advisors/la/lafayette"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-05-21",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-07-29",
  "carried_forward": false,
  "raum_total": 1799431900.0,
  "raum_discretionary": 1719232252.0,
  "raum_non_discretionary": 80199648.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 22,
  "advisory_employees": 17,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 13249707.0,
      "count": 5
    },
    "individuals": {
      "raum": 418388653.0,
      "count": 940
    },
    "state_municipal": {
      "raum": 7487172.0,
      "count": 1,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 90984071.0,
      "count": 21
    },
    "high_net_worth_individuals": {
      "raum": 1170601653.0,
      "count": 268
    },
    "corporations_other_businesses": {
      "raum": 98720644.0,
      "count": 30
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "AR",
    "CO",
    "FL",
    "GA",
    "LA",
    "MO",
    "MS",
    "NC",
    "OK",
    "TN",
    "TX",
    "VA"
  ],
  "websites": [
    "https://facebook.com/SUMMITFINANCIALWEALTHADVISORS",
    "https://focusfinancialpartners.com",
    "https://linkedin.com/company/focus-financial-partners",
    "https://linkedin.com/company/summit-financial-wealth",
    "https://summit-financial.com",
    "https://twitter.com/focusfinancial"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/171278",
  "city_as_filed": "LAFAYETTE",
  "url": "https://advisorcensus.com/firm/summit-financial-wealth-advisors-lafayette-la-171278",
  "display_name": "Summit Financial Wealth Advisors",
  "summary": "Summit Financial Wealth Advisors is an SEC-registered investment advisory firm in Lafayette, LA, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 29, 2026.",
  "citation": "AdvisorCensus. Summit Financial Wealth Advisors (CRD 171278): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "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)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Summit Financial Wealth Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Summit Financial Wealth Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Summit Financial Wealth Advisors located?",
      "a": "Summit Financial Wealth Advisors' principal office is in Lafayette, LA, according to its Form ADV; the August 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Summit Financial Wealth Advisors registered with the SEC or a state?",
      "a": "Summit Financial Wealth Advisors is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171278."
    },
    {
      "q": "How much does Summit Financial Wealth Advisors manage?",
      "a": "Summit Financial Wealth Advisors reports $1,799,431,900 in regulatory assets under management in its Form ADV filing dated July 29, 2026 (96% discretionary)."
    },
    {
      "q": "How have Summit Financial Wealth Advisors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Summit Financial Wealth Advisors: Regulatory assets under management: $999,399,088 in the October 2021 data and $1,799,431,900 in the October 2026 data, up 80%. Total employees: 16 in October 2021 and 22 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 Wealth Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (940); high net worth individuals (268); corporations or other businesses not listed above (30)."
    },
    {
      "q": "Which custodians does Summit Financial Wealth Advisors use?",
      "a": "Summit Financial Wealth Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Summit Financial Wealth Advisors 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/171278"
    },
    {
      "q": "What changed in Summit Financial Wealth Advisors' recent Form ADV filings?",
      "a": "In the August 2026 filing data: Registered or notice-filed in NC."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 999399088.0,
      "total_employees": 16,
      "filing_date": "2021-04-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1291846803.0,
      "total_employees": 17,
      "filing_date": "2022-09-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1243129187.0,
      "total_employees": 19,
      "filing_date": "2023-10-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1430463689.0,
      "total_employees": 20,
      "filing_date": "2024-09-23"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1421450420.0,
      "total_employees": 20,
      "filing_date": "2025-05-19"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1799431900.0,
      "total_employees": 22,
      "filing_date": "2026-07-29"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Registered or notice-filed in NC."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 12 to 17.",
        "Regulatory assets under management went from $1,421,450,420 to $1,799,431,900 (+27%)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in NM."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 10, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$500",
    "figures": [
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $500"
        ],
        "quotes": [
          "We also charge a minimum annual fee of $500 per account."
        ]
      }
    ],
    "quotes": [
      "We also charge a minimum annual fee of $500 per account."
    ],
    "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
    }
  ],
  "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-wealth-advisors-lafayette-la-171278.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 940,
      "fewer_than_5": false,
      "raum": 418388653.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 268,
      "fewer_than_5": false,
      "raum": 1170601653.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 21,
      "fewer_than_5": false,
      "raum": 90984071.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 5,
      "fewer_than_5": false,
      "raum": 13249707.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 7487172.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 30,
      "fewer_than_5": false,
      "raum": 98720644.0
    }
  ],
  "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/171278",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}