{
  "crd_number": 220519,
  "slug": "summit-trail-advisors-llc-new-york-ny-220519",
  "primary_business_name": "SUMMIT TRAIL ADVISORS, LLC",
  "legal_name": "SUMMIT TRAIL ADVISORS, LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-06-11",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-09-04",
  "carried_forward": false,
  "raum_total": 19941615810.0,
  "raum_discretionary": 11063331227.0,
  "raum_non_discretionary": 8878284583.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 94,
  "advisory_employees": 31,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 925099140.0,
      "count": 9
    },
    "individuals": {
      "raum": 194326483.0,
      "count": 51
    },
    "pension_profit_sharing": {
      "raum": 16088953.0,
      "count": 38
    },
    "high_net_worth_individuals": {
      "raum": 16333311810.0,
      "count": 588
    },
    "corporations_other_businesses": {
      "raum": 2472789424.0,
      "count": 56
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "IL",
    "IN",
    "LA",
    "MA",
    "MD",
    "MI",
    "MN",
    "MO",
    "NC",
    "NH",
    "NJ",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "WA",
    "WI",
    "WY"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/SUMMIT-TRAIL-ADVISORS",
    "https://summittrail.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/220519",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/summit-trail-advisors-llc-new-york-ny-220519",
  "display_name": "Summit Trail Advisors, LLC",
  "summary": "Summit Trail Advisors, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2015, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 4, 2026.",
  "citation": "AdvisorCensus. Summit Trail Advisors, LLC (CRD 220519): 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)",
    "Performance-based fees"
  ],
  "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)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Summit Trail Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Summit Trail Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is Summit Trail Advisors, LLC located?",
      "a": "Summit Trail Advisors, LLC's principal office is in New York, NY, according to its Form ADV; the October 2026 filing also lists 10 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Summit Trail Advisors, LLC registered with the SEC or a state?",
      "a": "Summit Trail Advisors, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 220519."
    },
    {
      "q": "How much does Summit Trail Advisors, LLC manage?",
      "a": "Summit Trail Advisors, LLC reports $19,941,615,810 in regulatory assets under management in its Form ADV filing dated September 4, 2026 (55% discretionary)."
    },
    {
      "q": "How have Summit Trail Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Summit Trail Advisors, LLC: Regulatory assets under management: $13,289,996,625 in the October 2021 data and $19,941,615,810 in the October 2026 data, up 50%. Total employees: 56 in October 2021 and 94 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Summit Trail Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (588); corporations or other businesses not listed above (56); individuals (other than high net worth individuals) (51)."
    },
    {
      "q": "Which custodians does Summit Trail Advisors, LLC use?",
      "a": "Summit Trail Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Pershing LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Summit Trail Advisors, LLC 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/220519"
    },
    {
      "q": "What changed in Summit Trail Advisors, LLC's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Changed its office addresses in Wayzata, MN. Registered or notice-filed in DC."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 13289996625.0,
      "total_employees": 56,
      "filing_date": "2021-08-13"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 14747564082.0,
      "total_employees": 75,
      "filing_date": "2022-09-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 14487629910.0,
      "total_employees": 93,
      "filing_date": "2023-09-13"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 17651630433.0,
      "total_employees": 95,
      "filing_date": "2024-07-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 23635841356.0,
      "total_employees": 107,
      "filing_date": "2025-07-07"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 19941615810.0,
      "total_employees": 94,
      "filing_date": "2026-09-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Changed its office addresses in Wayzata, MN.",
        "Registered or notice-filed in DC."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Added an office in San Francisco, CA."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 34 to 31.",
        "Regulatory assets under management went from $26,156,178,587 to $19,941,615,810 (-24%).",
        "Changed its office addresses in Denver, CO.",
        "Changed its office addresses in Lake Oswego, OR.",
        "Changed its office addresses in Seattle, WA.",
        "Added an office in Chicago, IL.",
        "Added an office in Wayzata, MN.",
        "No longer lists an office in Newport Beach, CA.",
        "No longer lists an office in San Francisco, CA.",
        "No longer lists an office in Southampton, NY."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Added an office in Newport Beach, CA.",
        "Added an office in Southampton, NY.",
        "No longer registered or notice-filed in HI."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Regulatory assets under management went from $23,635,841,356 to $26,156,178,587 (+11%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING 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-trail-advisors-llc-new-york-ny-220519.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 51,
      "fewer_than_5": false,
      "raum": 194326483.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 588,
      "fewer_than_5": false,
      "raum": 16333311810.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 38,
      "fewer_than_5": false,
      "raum": 16088953.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 9,
      "fewer_than_5": false,
      "raum": 925099140.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 56,
      "fewer_than_5": false,
      "raum": 2472789424.0
    }
  ],
  "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/220519",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}