A team of four female wealth management professionals are taking the next step of their business journey by joining Summit Financial’s partnership program Summit Growth Partners.
Oracle Private Wealth Advisors, previously Oracle Capital Strategies, manages around $300 million in client assets and is based in in Lutherville, Maryland, with a focus on high-net-worth executives, entrepreneurs, private foundations, and multigenerational families.
The all-women firm comprises founding member Audrey Drossner; Margaret “Meg” Anderson, director of private client advisory; Julia Vaughn, director of wealth planning; Diana Cooper, client manager; and Karen Sanchez, client service manager.
Joining the SGP program means the firm will enjoy cash monetization with equity participation as well as exclusive partnership privileges, while its affiliate partnership of Summit Financial enables access to the firm’s technology and services including the SummitVantage platform.
“By adding Summit’s premier set of resources to our practice, we are better equipped to grow and protect our clients’ wealth,” said Drossner. “Furthermore, the ability to leverage the expertise of those on the professional strategy team at Summit enables us to thoughtfully deepen and scale our client relationships.”
Drossner built the business with a strong focus on how an all-women team can offer a unique perspective as the wealth that is controlled by women grows and given the challenge that the industry has in attracting and supporting female advisors.
"Oracle’s legacy is a direct result of Audrey’s passion for guiding the financial lives of her clients. Her financial planning acumen, coupled with her dedication to bringing more women into the industry, is exactly the type of leader we are looking for at Summit,” said Stan Gregor, CEO of Summit Financial Holdings. “We look forward to supercharging her business and empowering her team’s future.”
Convicted by an LA jury on 13 of 17 counts, the Citron Research founder and activist short seller now is now facing a statutory 25-year federal prison sentence.
The deal marks Ground Control's second UK transaction in under two years as US wealth platforms race to stake out overseas territory.
Investors' tendency to choose external goalposts can seriously impact their odds of long-term success – and they might not even know it.
“We fear that it will be ‘open season’ from the plaintiffs’ bar on plan fiduciaries who are early adopters of alternative investments,” said Tim Collins, a partner at Duane Morris.
Industry report shows that there are now fewer firms as consolidation intensifies.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
