Summit Financial, LLC
Summit Financial, LLC is a SEC-registered investment adviser headquartered in Parsippany, New Jersey. The firm is a successor to Summit Equities, Inc., and was established in 2018, continuing a four-decade legacy in providing comprehensive investment advisory and financial planning services. Wholly owned by Summit Financial Holdings, LLC, Summit serves individuals, high net worth clients, corporations, pension and profit-sharing plans, and charitable organizations. With approximately 353 employees, Summit delivers objective advice, holistic financial planning, and robust client solutions and operates a national platform for independent advisors. The firm is led by CEO Stanley Gregor.
Investment Strategy
Summit Financial offers tailored investment advisory services using a broad suite of financial instruments, including mutual funds, ETFs, equities, UITs, fixed income, hedge funds, traded and non-traded REITs, and insurance products. Each advisor conducts individualized portfolio construction based on clients’ financial profiles, utilizing both discretionary and non-discretionary asset management. Clients may impose investment restrictions to reflect their values or regulatory needs. The investment philosophy is client-centered, aiming to provide holistic planning that aligns with individual goals and circumstances, flexible enough to respond to market conditions and advisory best practices.
Top Holdings
Equity Positions (806)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VTI | Vanguard TSM Idx;ETF | 11.36% | $502.5M | 1,648,443 | $149.14 | $303.93 | +$85.3M |
V VEU | Vanguard FTSE xUS;ETF | 5.21% | $230.6M | 3,430,347 | $48.63 | $67.22 | +$28.0M |
I IVV | iShares:Core S&P 500 | 2.62% | $115.9M | 186,655 | $562.98 | $620.90 | +$71.5M |
V VUG | Vanguard Gro Idx;ETF | 2.36% | $104.4M | 237,854 | $262.93 | $438.40 | +$19.1M |
A AAPL | APPLE INC. | 2.35% | $104.1M | 507,505 | $199.04 | $205.17 | +$22.2M |