Summit Place Financial Advisors,LLC (Summit)
Summit Place Financial Advisors,LLC is a large advisory firm based in Summit. It manages $108.64 million of regulatory assets for 163 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Louisiana, New Jersey, and Texas.
Summit Place Financial Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
Summit Place Financial Advisors: assets under management
The assets under management (AUM) of Summit Place Financial Advisors,LLC is $108.64 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 307% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 9% of the total invested assets.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Summit Place Financial Advisors,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 Place Financial Advisors serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Summit Place Financial Advisors is high net worth individuals with 19 clients and $106.33 million of assets under management. Among the 11 most similar advisory firms, Summit Place Financial Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $108.64 million for 33 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 Place Financial Advisors doesn't advise any private funds.
Careers at Summit Place Financial Advisors,LLC
The company employs 4 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There isn’t anyone 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
Based in Summit
The principal office where Summit Place Financial Advisors,LLC performs its advisory services is located at 18 Bank Street, Summit, NJ 07901, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 908-517-5880. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at summitplacefinancial.com and its LinkedIn profile.
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