Summit Trail Advisors, LLC is a large advisory firm based in New York. It manages $6.04 billion of regulatory assets for 3,458 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Connecticut, Florida, and 16 other states.
Summit Trail Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and outsourced chief investment officer serivces. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Summit Trail Advisors, LLC is $6.04 billion. The firm's AUM has grown by 670% since the beginning of its operation, and $9.8 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Summit Trail Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Summit Trail Advisors is high net worth individuals with 789 clients and $4.23 billion of assets under management. Among the 9 most similar advisory firms, Summit Trail Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $6.01 billion for 1,091 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Summit Trail Advisors also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.
The company employs 42 people that are either part- or full-time employees. 74 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
The principal office where Summit Trail Advisors, LLC performs its advisory services is located at 2 Grand Central Tower, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-812-7010 or by fax 212-812-7011. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.