Summit Investment Advisory Services
Assets Under Management
$632.5M
Number of Clients
1,352
Number of Advisors
6
Average Client AUM
$468K
AUM per Advisor
$105.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Summit Investment Advisory Services (SIAS) manages client accounts through a wrap fee program, charging a single fee for portfolio management and transaction costs. SIAS creates tailored investment policy statements based on client goals, risk tolerance, and time horizon. They primarily recommend stock and bond mutual funds and ETFs.
Fee Structure
AUM-Based Fees (Flat)
| Assets Under Management | Annual Fee |
|---|---|
| $0+ | 1.50% |
Fee is negotiable based on various factors.
Fee Estimator
SIAS charges a maximum annual wrap fee of 1.50% of assets under management. This fee covers both portfolio management and transaction costs. The fee is negotiable based on factors such as total account value, complexity of planning, investment allocation, customer loyalty, and personal relationships. Fees are paid quarterly in advance, and refunds are prorated upon termination. There is no account minimum.
Areas of Practice
Location
3065 Center Pointe Drive, Suite 2, Roseville, MN, 55113