Wealth manager, wrap-program sponsor · Parsippany, NJ
Summit Financial, LLC
SEC-registered investment adviser · CRD 299322 · SEC 801-114377
At a glance
Summit Financial, LLC is an SEC-registered investment adviser based in Parsippany, New Jersey, with $26.3 billion in regulatory assets under management as of its Form ADV filed September 3, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 17,809 individual clients. By Form ADV it is a wealth manager (wrap-program sponsor), ranked 73rd of 8,915 wealth managers and 713th of 17,210 SEC-registered advisers by assets.
Main office 973-285-3600summitfinancial.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $26B
- Rank among wealth managers
- #73 of 8,915
- Rank among all SEC RIAs
- #713 of 17,210
- Rank in New Jersey
- #20 of 392
- Individual clients
- 17,809
- High-net-worth clients
- 2,248
- Accounts
- 40,628
- Discretionary
- 58% of AUM
- Employees
- 490
- Advisory staff
- 216
- Offices
- 108
Owners and executives on its Form ADV
- Steven WeinmanPresident, Director
- Michael C. BremerChief Operations Officer
- Mara D. StemplerChief Financial Officer
- Stanley GregorChief Executive Officer and Director
- Esmat B. HawkesworthChief Legal Officer,, Director
- Anthony L. McElynnChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Summit Financial, LLC is a hybrid RIA: 131 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: LS Securities, LLC.
- LS Securities, LLC ↗CRD 296764
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
Its Form ADV brochure (filed September 2026) names Purshe Kaplan Sterling Investments, an unaffiliated broker-dealer, as the broker-dealer its advisers are registered with.
ith the Client. 1 SE assisted the Financial Advisors who wished to continue to remain registered representatives of a broker -dealer to register with Purshe Kaplan Sterling Investments a broker dealer and member of FINRA and SIPC ( "PKS").
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 2,248 | $15B | 57% |
| Individuals | 15,561 | $8.6B | 32% |
| Pension and profit sharing plans | 561 | $2.8B | 11% |
| Corporations or other businesses | 19 | $39M | <1% |
| Charitable organizations | 4 | $16M | <1% |
Disciplinary disclosures
Summit Financial, LLC answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗summitfinancial.com ↗
AtlasMembers
The full record on Summit Financial, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 6 years of filings
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- Growth over one, three and five years
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- Rank against 165 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Summit Financial, LLC manage?
Summit Financial, LLC reports $26.3 billion in regulatory assets under management across 40,628 accounts, 58% of it on a discretionary basis, on its Form ADV filed September 3, 2026.
What kind of firm is Summit Financial, LLC?
Summit Financial, LLC is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Summit Financial, LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($14.9 billion, 2,248 clients); individuals ($8.6 billion, 15,561 clients); pension and profit sharing plans ($2.8 billion, 561 clients).
Does Summit Financial, LLC have any disciplinary history?
Summit Financial, LLC answers yes to 3 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Summit Financial, LLC’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). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-03), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →