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Est. 2026The front page of wealth managementNew York

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RIA comparison · SEC Form ADV

Baker Street Advisors, LLC vs Summit Trail Advisors, LLC

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

Baker Street Advisors, LLC is the larger of the two, with $21B in regulatory assets to $20B at Summit Trail Advisors, LLC, 4% more than its rival, by their latest Form ADV filings. Summit Trail Advisors, LLC reports more individual clients (639 vs 504), while Baker Street Advisors, LLC’s clients hold more on average (about $36 million each against $26 million). Baker Street Advisors, LLC is based in SAN Francisco, California and Summit Trail Advisors, LLC in New York, New York.

FigureBaker Street Advisors, LLCSummit Trail Advisors, LLC
Regulatory AUM$21B$20B
National rank#47#48
HeadquartersSAN Francisco, CaliforniaNew York, New York
Individual clients504639
High-net-worth clients504588
Average client assets$36 million$26 million
Accounts5,3979,778
Discretionary100% of AUM55% of AUM
Employees6394
Advisory staff1531
Clients per advisory employee3421
Offices117
Form ADV filed2026-07-302026-09-04

Baker Street Advisors, LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Selecting other advisers

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees

Summit Trail Advisors, LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers
  • Other services

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees
  • Performance-based fees

Questions

Which is bigger, Baker Street Advisors, LLC or Summit Trail Advisors, LLC?

Baker Street Advisors, LLC, with $21B in regulatory assets under management against $20B at Summit Trail Advisors, LLC. Nationally they rank #47 and #48 among 5,657 independent wealth management RIAs.

How many clients do Baker Street Advisors, LLC and Summit Trail Advisors, LLC have?

Baker Street Advisors, LLC reports 504 individual clients (504 high-net-worth) with 15 advisory employees; Summit Trail Advisors, LLC reports 639 (588 high-net-worth) with 31 advisory employees.

How do Baker Street Advisors, LLC and Summit Trail Advisors, LLC charge clients?

Only Summit Trail Advisors, LLC lists performance-based fees on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Baker Street Advisors, LLC and Summit Trail Advisors, LLC offer?

Summit Trail Advisors, LLC lists portfolio management for businesses and institutions; pension consulting; other services, which Baker Street Advisors, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; selecting other advisers.

More comparisons

Where these numbers come from

Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Baker Street Advisors, LLC ↗, Summit Trail Advisors, LLC ↗. How to check a financial advisor →