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.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
