Summit Strategies Inc is a large advisory firm based in St Louis. It manages $3.89 billion of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Louisiana, Maryland, and 3 other states.
Summit Strategies provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and see schedule d, item 5d(10). It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Summit Strategies Inc is $3.89 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 24226% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Summit Strategies Inc for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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.
The firm provides services to insurance companies, charitable organizations, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Summit Strategies is charitable organizations with 39 clients and $2.77 billion of assets under management. Among the 6 most similar advisory firms, Summit Strategies has the highest percentage of charitable organizations out of all clients.
The amount of regulatory assets under management is $3.89 billion for 74 clients. 3% of the firm’s clients are foreign persons or businesses.
Summit Strategies also advises several private funds. Namely, eight other private funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.
The company employs 62 people that are either part- or full-time employees. 89 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.
Christopher Adam Moore has served as the Chief Investment Officer since 1 Sep 2014. Roger Leo Brown joined the executive team most recently as the Managing Director.
The principal office where Summit Strategies Inc performs its advisory services is located at 8182 Maryland Ave, 6 Th Floor, St Louis, MO 63105 3771, 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 314-727-7211 or by fax 314-727-6068. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at summitstrategies.com.