# Summit Investment Advisory Services

> Summit Investment Advisory Services is an SEC-registered investment advisory firm in Roseville, MN, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 22, 2026.

- CRD: 168594
- Filed as: SUMMIT INVESTMENT ADVISORY SERVICES
- Legal name: Summit Investment Advisory Services, LLC
- Also doing business as: SUMMIT INVESTMENT ADVISORS, SUMMIT INVESTMENT ADVISORY SERVICES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Roseville, MN
- Filing period: October 2026
- Form ADV filing dated: July 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168594
- AdvisorCensus page: https://advisorcensus.com/firm/summit-investment-advisory-services-roseville-mn-168594

## Quick answers

**How is Summit Investment Advisory Services compensated?**
On its Form ADV (Item 5.E, October 2026), Summit Investment Advisory Services reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Summit Investment Advisory Services located?**
Summit Investment Advisory Services' principal office is in Roseville, MN, according to its Form ADV; the August 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Summit Investment Advisory Services registered with the SEC or a state?**
Summit Investment Advisory Services is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 168594.

**How much does Summit Investment Advisory Services manage?**
Summit Investment Advisory Services reports $745,821,237 in regulatory assets under management in its Form ADV filing dated July 22, 2026 (99% discretionary).

**How have Summit Investment Advisory Services' assets and staff changed since 2021?**
In the Form ADV data for Summit Investment Advisory Services: Regulatory assets under management: $424,355,240 in the October 2021 data and $745,821,237 in the October 2026 data, up 76%. Total employees: 6 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Summit Investment Advisory Services serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (755); high net worth individuals (320).

**Which custodians does Summit Investment Advisory Services use?**
Summit Investment Advisory Services' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists LPL Financial LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Summit Investment Advisory Services report any disciplinary disclosures?**
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/168594

**Does Summit Investment Advisory Services state an account minimum?**
Its Form ADV Part 2A brochure dated February 17, 2026 says: "There is no account minimum."

**What changed in Summit Investment Advisory Services' recent Form ADV filings?**
In the August 2026 filing data: Registered or notice-filed in GA, IA, IL, OR.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 17, 2026)

- Account minimum: None

> There is no account minimum.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- LPL Financial LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $745,821,237
- Discretionary: $740,063,836
- Non-discretionary: $5,757,401

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 755 | $300,118,467 |
| High net worth individuals | 320 | $445,244,073 |
| Corporations or other businesses not listed above | Fewer than 5 | $458,697 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2017 (9 years)
- Employees: 11 total, 8 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, CO, FL, GA, IA, IL, MI, MN, NC, NE, NJ, NY, OR, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Boca Raton, FL
- St. Louis Park, MN

### Websites listed on Form ADV (Item 1.I)
- summitinvest.com
- Facebook @summitinvest
- LinkedIn @summit-investment-advisors
- YouTube @UC1cGb3gL8akCRfmW7q89osg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $424,355,240 | 6 | February 8, 2021 |
| October 2022 | $490,032,992 | 6 | March 30, 2022 |
| October 2023 | $455,969,060 | 13 | July 11, 2023 |
| October 2024 | $562,246,190 | 12 | July 31, 2024 |
| October 2025 | $632,510,025 | 13 | March 12, 2025 |
| October 2026 | $745,821,237 | 11 | July 22, 2026 |

Regulatory assets under management: $424,355,240 in the October 2021 data and $745,821,237 in the October 2026 data, up 76%.
Total employees: 6 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Registered or notice-filed in GA, IA, IL, OR.

### March 2026
- Employees performing advisory functions went from 5 to 8.
- Regulatory assets under management went from $632,510,025 to $745,821,237 (+18%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Summit Investment Advisory Services (CRD 168594): Form ADV filing data as of October 2026.