Summit Strategies Inc (St Louis)

Name: Summit Strategies Inc
Address: 8182 Maryland Ave, 6 Th Floor, St Louis, MO, 63105 3771
Telephone: 314-727-7211

Summit Strategies Inc is a large advisory firm based in St Louis. It manages $3.89 billion of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Louisiana, Maryland, and 3 other states.

Summit Strategies provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and see schedule d, item 5d(10). It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Summit Strategies: assets under management

The assets under management (AUM) of Summit Strategies Inc is $3.89 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 24226% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.89 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $155.68 million each.

Summit Strategies has custody of $942.13 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 33% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in exchange traded securities form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Summit Strategies Inc for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Summit Strategies serves?

The firm provides services to insurance companies, charitable organizations, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Summit Strategies is charitable organizations with 39 clients and $2.77 billion of assets under management. Among the 6 most similar advisory firms, Summit Strategies has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $3.89 billion for 74 clients. 3% of the firm’s clients are foreign persons or businesses.

Summit Strategies also advises several private funds. Namely, eight other private funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Summit Strategies Inc

The company employs 62 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Christopher Adam Moore has served as the Chief Investment Officer since 1 Sep 2014. Roger Leo Brown joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Patrick Holmes	President, managing director, shareholder	1 Apr 1995	50% - 75%	1542324
Daniel Joseph Holmes	Secretary, managing director, cco & shareholder	1 Apr 1995	Other	2098240
Charles Raymond Holmes	Ceo, shareholder	1 Apr 1995	Other	248960
Thomas Patrick Pollihan	Managing director, shareholder	1 Apr 1996	25% - 50%	4360039
Charles Richard Beard	Managing director, shareholder	1 Apr 1997	Other	4360041
Christopher Carl Fox	Managing director, shareholder	1 Oct 1997	Other	4360035
Timothy Andrew Hayden	Senior vice president, director of finance & administration	1 Aug 2000	Other	6487755
James Ernst Dahm	Shareholder	1 Dec 2000	Other	4360058
Timothy S Sant	Shareholder	1 Oct 2003	Other	4721282
Christopher Alan Keller	Managing director	1 Aug 2012	Other	6178369
Eric Jason Ralph	Managing director, shareholder	1 Aug 2012	Other	6178380
Christopher Adam Moore	Chief investment officer	1 Sep 2014	Other	4647569
Daniel Everett Haynes	Chief compliance officer	1 Apr 2015	Other	6164667
Roger Leo Brown	Managing director	1 Sep 2015	Other	6583167

Based in St Louis

The principal office where Summit Strategies Inc performs its advisory services is located at 8182 Maryland Ave, 6 Th Floor, St Louis, MO 63105 3771, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-727-7211 or by fax 314-727-6068. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at summitstrategies.com.