{
  "crd_number": 125994,
  "slug": "summit-planning-group-inc-e-syracuse-ny-125994",
  "primary_business_name": "SUMMIT PLANNING GROUP, INC.",
  "legal_name": "SUMMIT PLANNING GROUP, INC.",
  "dbas": [],
  "city": "E. Syracuse",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "45060",
  "metro": {
    "cbsa_code": "45060",
    "common_name": "Syracuse",
    "msa_name": "Syracuse, NY",
    "path": "/advisors/ny/syracuse"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-09-15",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 111006666.0,
  "raum_discretionary": 102723589.0,
  "raum_non_discretionary": 8283077.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 32114.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 66138134.0,
      "count": 186
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 2221245.0,
      "count": 1,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 42615173.0,
      "count": 24
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "FL",
    "NH",
    "NY",
    "TX"
  ],
  "websites": [
    "https://summitplan.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/125994",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "E. SYRACUSE",
  "url": "https://advisorcensus.com/firm/summit-planning-group-inc-e-syracuse-ny-125994",
  "display_name": "Summit Planning Group, Inc.",
  "summary": "Summit Planning Group, Inc. is an SEC-registered investment advisory firm in E. Syracuse, NY, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Summit Planning Group, Inc. (CRD 125994): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Summit Planning Group, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Summit Planning Group, Inc. reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Summit Planning Group, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: $1 to $999,999: 1.5% a year; $1,000,000 to $1,999,999: 1.25% a year; Above $2,000,000: 1% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Summit Planning Group, Inc. located?",
      "a": "Summit Planning Group, Inc.'s principal office is in E. Syracuse, NY, according to its Form ADV."
    },
    {
      "q": "Is Summit Planning Group, Inc. registered with the SEC or a state?",
      "a": "Summit Planning Group, Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 125994."
    },
    {
      "q": "How much does Summit Planning Group, Inc. manage?",
      "a": "Summit Planning Group, Inc. reports $111,006,666 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (93% discretionary)."
    },
    {
      "q": "How have Summit Planning Group, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Summit Planning Group, Inc.: Regulatory assets under management: $105,425,464 in the October 2021 data and $111,006,666 in the October 2026 data, up 5%. Total employees: 6 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Summit Planning Group, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (186); high net worth individuals (24); pension and profit sharing plans (but not the plan participants or government pension plans) (1)."
    },
    {
      "q": "Which custodians does Summit Planning Group, Inc. use?",
      "a": "Summit Planning Group, Inc.'s 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 Planning Group, Inc. report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). 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/125994"
    },
    {
      "q": "Does Summit Planning Group, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"Our firm accepts clients with a minimum of $250,000 in investable assets. Assets of family members are aggregated for purposes of meeting this minimum. On occasion, SPG will make family-related exceptions to this account minimum.\""
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 105425464.0,
      "total_employees": 6,
      "filing_date": "2021-09-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 103818519.0,
      "total_employees": 5,
      "filing_date": "2022-03-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 101427912.0,
      "total_employees": 5,
      "filing_date": "2023-03-17"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 103976411.0,
      "total_employees": 5,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 104138526.0,
      "total_employees": 5,
      "filing_date": "2025-04-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 111006666.0,
      "total_employees": 4,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "$1 to $999,999",
        "rate": "1.5%"
      },
      {
        "band": "$1,000,000 to $1,999,999",
        "rate": "1.25%"
      },
      {
        "band": "Above $2,000,000",
        "rate": "1%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$250,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "$1 to $999,999: 1.5% a year",
          "$1,000,000 to $1,999,999: 1.25% a year",
          "Above $2,000,000: 1% a year"
        ],
        "quotes": [
          "$1 - $999,999 1.50%\n$1,000,000 - $1,999,999 1.25%\n$2,000,000 - and up 1.00%"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $250,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Our firm accepts clients with a minimum of $250,000 in investable assets. Assets of family members are aggregated for purposes of meeting this minimum. On occasion, SPG will make family-related exceptions to this account minimum."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 1.0,
          "max": 999999.0,
          "rate_pct": 1.5
        },
        {
          "min": 1000000.0,
          "max": 1999999.0,
          "rate_pct": 1.25
        },
        {
          "min": 2000000.0,
          "max": null,
          "rate_pct": 1.0
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 250000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "$1 - $999,999 1.50%\n$1,000,000 - $1,999,999 1.25%\n$2,000,000 - and up 1.00%",
      "Our firm accepts clients with a minimum of $250,000 in investable assets. Assets of family members are aggregated for purposes of meeting this minimum. On occasion, SPG will make family-related exceptions to this account minimum."
    ],
    "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-planning-group-inc-e-syracuse-ny-125994.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 186,
      "fewer_than_5": false,
      "raum": 66138134.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 24,
      "fewer_than_5": false,
      "raum": 42615173.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 2221245.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 32114.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/125994",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}