SUMMIT FINANCIAL, LLC

RIASEC RegisteredEst. 2018
Total AUM
$22.5B
Discretionary
$12.2B
54% of AUM
Avg account
$620K
Accounts
36,236
Employees
490
Advisory reps
233

Firm details

Headquarters
PARSIPPANY, New Jersey
CRD number
299322
Registered since
December 3, 2018
Custodians
NATIONAL FINANCIAL SERVICES LLC, CHARLES SCHWAB & CO., INC., GOLDMAN SACHS CUSTODY SOLUTIONS
Fee structure
Percentage of AUM, Fixed Fees
Client types
  • HNWI62.49%
  • Individuals26.35%
  • Pension & Profit Sharing Plans10.93%
  • Corporations / Businesses0.17%
  • Charitable Organizations0.06%
Services
Financial PlanningPortfolio Management for IndividualsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Summit Financial, LLC is an independent, SEC-registered registered investment adviser organized as an LLC and operating as a capital allocator for both individual/family and institutional clients. The firm offers a mix of financial planning and portfolio management services—targeting individuals, small businesses and other private clients—and provides pension consulting and adviser-selection services. Its fee schedules include asset-based fees and fixed fees. Summit reports that it does not pursue ESG investing as a stated practice. The firm has received multiple industry recognitions in recent years, including placements on Forbes’ lists (2022, 2023, 2024), Barron’s Top 100 RIA lists (2023, 2025), and AdvisorHub’s 50 RIA Firms to Watch (2026).

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

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CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 52%, Exchange Traded Equities 31%, Cash & Cash Equivalents 8%, State & Local Bonds 7%, US Government Bonds 2%52%
  • Public Funds/Mutual Funds52%
  • Exchange Traded Equities31%
  • Cash & Cash Equivalents8%
  • State & Local Bonds7%
  • US Government Bonds2%

Owners & executives

3 of 18
  • STEPHEN TUTTLE

    Chief Investment OfficerCRD 2191394

  • ESMAT HAWKESWORTH

    Chief Legal OfficerCRD 5009122

  • STEPHEN GARRETT

    Founding Partner & CEOCRD 2146125

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Contacts

3 of 215
  • Todd Weiss

    Wealth Management AdvisorCRD 2077822

  • HEATHER CLEGG

    Co-Founder and Managing DirectorCRD 5042864

  • wally jandoli

    Private Wealth AdvisorCRD 829358

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Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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ETF holdings

1 of 857

Active vs passive

$6B in ETFs

Passive

81%

$4.9B

Active

15%

$1.1B

ETFProviderStyleCategoryValueShares% of portfolio
VANGUARD TOTAL STOCK MARKET INDEX FUND (VTI)VanguardPassiveLarge Blend$556M1,731,7179.19%

Location

Primary office

PARSIPPANY, NJ

MORRIS

Location

PARSIPPANY, NJ

Headquartered in PARSIPPANY, NJ, anchoring the New York-Newark, NY-NJ-CT-PA metro in the Northeast.

Metro area
New York-Newark, NY-NJ-CT-PA
Region
Northeast
County
MORRIS
Address
4 Campus Dr
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth