Summit Financial, LLC is an SEC registered investment adviser organized as a limited liability company with a primary office location in Parsippany, NJ. Its latest Form ADV filing, dated March 17, 2026, reports $22.5B in regulatory assets under management, 490 employees, 107 offices, and 36,236 accounts.
Portfolio management for individuals and small businesses
Fee models offered
2 types reported
Asset based fees
Fixed fees
Source verified May 13, 2026
Client Coverage Demographics
Top client segmentIndividuals represent 82.1% of total clients.
Top client categories% of clientsClients
1
Individuals
82.1%
13,243
2
HNWI
15.0%
2,417
3
Pension Plans
2.8%
452
4
Corporations
0.1%
21
Additional categories (<0.1%)
Charitable<5 clients
Regulatory Assets Under Management Breakdown
Total regulatory assets under management$22.5Bas of March 17, 2026
Discretionary54.5%
$12.2B
54% of total RAUM54.5%
Non-discretionary45.5%
$10.2B
46% of total RAUM45.5%
Regulatory assets under management are split between discretionary and non-discretionary assets.
Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Latest AUM$22.5B
Total Accounts36,236
10Y AUM Change+$19.4B (+634.5%)
Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total Employees490
Clients per Employee33:1
10Y Employee Change+284 (+137.9%)
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.