Summit Financial Working with People You Trust
Assets Under Management
$122.1M
Number of Clients
941
Number of Advisors
6
Average Client AUM
$130K
AUM per Advisor
$20.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Summit Financial Consulting LLC offers portfolio management, advisory, and financial services. They provide written financial plans covering retirement, investment, college, tax, insurance, family, and business planning. They primarily use no-load mutual funds and ETFs, tailoring services to individual client needs and risk tolerance.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1M+ | 1.00% |
Fee may be negotiable.
Fee Estimator
For asset management, fees are based on a percentage of assets under management, billed monthly in advance. The fee may be negotiable. Summit Financial also uses sub-advisors; their fees are included in the total fee disclosed by Summit Financial. Envestnet fees range from 0.25% to 0.70% in addition to custodian and Summit Financial advisory fees. Valor Capital Management fees are also used. Financial planning and consulting services are offered. Please review the fees and risks described in the investments' prospectus, marketing materials, and/or disclosure documents.
Areas of Practice
Location
43409 Schoenherr Road, Sterling Heights, MI, 48313