Summit Global Investments, LLC (Bountiful)

Name: Summit Global Investments, LLC
Address: 620 South Main Street, Bountiful, UT, 84010
Telephone: 888-251-4847

Summit Global Investments, LLC is a large advisory firm based in Bountiful. It manages $829.98 million of regulatory assets for 937 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Colorado, and 4 other states.

Summit Global Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Summit Global Investments: assets under management

The assets under management (AUM) of Summit Global Investments, LLC is $829.98 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 790354% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $829.98 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $885.78 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Summit Global Investments, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Summit Global Investments serves?

The firm provides services to individuals, investment companies, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Summit Global Investments is investment companies with 3 clients and $502.72 million of assets under management. Among the 6 most similar advisory firms, Summit Global Investments has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $641.73 million for 934 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Summit Global Investments doesn't advise any private funds.

Careers at Summit Global Investments, LLC

The company employs 12 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Harden Capital	Owner	1 Oct 2010	25% - 50%	16-1689443
Lauritz C Christensen	Member	1 Jul 2011	Other	5967507
Lauritz Crookston Christensen	Member	1 Jul 2011	Other	5967507
Mark Lynn Kenison	Chief compliance officer; owner	1 Jul 2011	Other	2647751
Bryce Jay Sutton	Director of sales; owner	1 Nov 2011	Other	2789705
Trustees Restated Richard Lee Thawley And Cynthia Ann Thawley Community Property Trust Richard L Thawley & Cynthia A Thawley	Member	1 Dec 2011	Other	55-4841935
Bryce Jay Sutton	Managing partner; owner	1 Dec 2011	Other	2789705
Rick Cameron Jaster	Senior portfolio manager	1 Jul 2013	Other	5390035
Rick C. Jaster	Senior portfolio manager	1 Jul 2013	Other	5390035
Bryce Jay Sutton	Chief compliance officer; owner	1 Mar 2014	Other	2789705
Mark Lynn Kenison	Member	1 Mar 2014	Other	2647751
Inc. Christensen Family Holdings	Member	1 Dec 2016	Other	81-4052191
Brent Gregory Messel	Chief compliance officer	1 Jan 2018	Other	6932477

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Lee Harden	President	1 Oct 2010	25% - 50%	2408466
Jennifer Harden	Member	1 Oct 2010	25% - 50%	6281643

Based in Bountiful

The principal office where Summit Global Investments, LLC performs its advisory services is located at 620 South Main Street, Bountiful, UT 84010 The mailing address of the firm is 620 South Main Street, Bountiful, UT 84010. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-251-4847 or by fax 888-251-4847. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at summitglobalinvestments.com and its LinkedIn profile.