Summit Trail Advisors, a boutique wealth management firm overseeing $18 billion in assets, continues its national expansion as it gains a foothold in California’s ultra-high-net-worth market with its latest top-caliber hire.
On Thursday, the firm officially revealed the addition of Paul Hoskin as a partner and advisor at its new Newport Beach, California office.
Hoskin, who previously managed more than $500 million in assets at the Key Client Group at BNP Paribas/Bank of the West, brings substantial experience in advising UHNW clients and business owners in Southern California.
“We are thrilled to welcome Paul to Summit Trail,” Jack Petersen, managing partner of Summit Trail Advisors, said in a statement. “His deep experience working with business owners in the Southern California market will be crucial to the further expansion of our business.”
Hoskin, who specializes in helping business owners with capital needs, succession planning, and wealth management, expressed his enthusiasm for the move.
“I look forward to serving my clients by leveraging the exceptional investment and estate planning capabilities of Summit Trail Advisors, as well as its family office resources,” he said.
The reveal of Hoskins’ hiring follows Summit Trail’s June announcement of ten professionals from BNP Paribas/Bank of the West’s Key Client Group joining the firm, marking a significant expansion of its US operations.
The Key Client Group managed over $3 billion in assets before Bank of the West’s acquisition by BMO in 2023.
Summit Trail now operates in 10 locations nationwide, with the Newport Beach office adding to its presence in major cities such as New York, Boston, and Chicago.
Founded in 2015, Summit Trail Advisors serves as an OCIO and family office for UHNW individuals, family offices, and nonprofit entities. The firm is also a member of the Dynasty Network, which comprises 56 independent advisory firms with an average of $1.8 billion in assets under management per firm.
The AI numbers came in far below the pitch - and the stock paid for it.
A rewritten governance law gets its first court test, and one pay claim lives on.
The fee-only integrator is adding $311.6 million in assets and specialized planning expertise to its presence in the Sunshine State.
CEO Vlad Tenev calls the proactive restructuring a bid to build a leaner team, coming as the brokerage rolled out its RIA referral program earlier this month.
The titanic asset manager's latest "How America Saves" shows wins in 401(k) plan design, employee participation, and savings rates, with dark spots in hardship withdrawals and company stock.
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.
