Summit Financial has expanded its national network with investments in four advisory firms managing a combined $1.2 billion in client assets, the company announced Monday.
The new partner firms – Crow Financial Advisors of Albuquerque, Everest Consultants of Syracuse, Heritage Wealth Partners of Dublin, and LPF Advisors of Sarasota – will join Summit’s advisory firm network, which has more than 150 financial advisors across 23 states, collectively overseeing more than $20 billion in assets as of July 21.
Stan Gregor, chairman and chief executive of Summit Financial Holdings, said the additions reflect the firm’s 40-year commitment to supporting advisors and their clients, while serving as "a powerful validation of Summit’s momentum."
Crow Financial Advisors, led by Tom and Vicki Crow in New Mexico, manages more than $143 million in client assets. Everest Consultants, established in 1997 and managing $633 million, serves individuals, families, and business owners across the Northeast.
Heritage Wealth Partners, which joined Summit in May, manages $176 million and focuses on investment management, financial planning, insurance, and tax planning. LPF Advisors, based in Florida and overseeing $277 million, joined Summit in May as well.
The moves bring Summit’s total number of investments to 29 since early 2024, including 11 deals sealed so far this year – counting its notable acquisition of Missouri-based Genex Consulting in January, as well as its staking partnership with Parsons Broach in Alabama – and further cements its position among fast-growing RIA platforms in the US.
Summit’s latest deals were made in collaboration with Merchant Investment Management, which provides growth capital and strategic support to independent advisors. Tim Bello, co-founder and managing partner at Merchant, called the additions “another exciting milestone in Summit’s impressive growth journey.”
A new report Echelon Partners published Monday highlighted the continued deal momentum in the RIA space so far in 2025, with 102 deals representing $828 billion in assets recorded in the second quarter alone.
With a fifth of RIA firms using AI to create marketing content, one leading voice argues a clear identity and focusing on clients will be crucial to success.
LPL Financial is a bellwether for the broader financial advice marketplace.
The San Francisco-based startup's Series A funding, with support from Schwab and Edward Jones Ventures, will reinforce its role in the coming $124 trillion wealth transfer.
UBS and Wells Fargo have made their own additions in the Northeast, including a Massachusetts duo defecting from Commonwealth.
Goldman Sachs' new private credit fund aims to bring alternatives to 401(k) plans, joining a wave of asset managers targeting the DC market.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
