Summit Financial Strategies Inc (Columbus)

Name: Summit Financial Strategies Inc
Address: 7965 North High Street, Columbus, OH, 43235 8446
Telephone: 614-885-1115

Summit Financial Strategies Inc is a large advisory firm based in Columbus. It manages $1.15 billion of regulatory assets for 764 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Summit Financial Strategies provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Summit Financial Strategies: assets under management

The assets under management (AUM) of Summit Financial Strategies Inc is $1.15 billion. The firm's AUM has grown by 603% since the beginning of its operation, and $243.4 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $938.72 million in discretionary accounts and $208.51 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.44 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.86 million.

Summit Financial Strategies has custody of $200 million in cash and securities for 267 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Summit Financial Strategies Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ted Kevin Saneholtz serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Ted Kevin Saneholtz is individuals with 443 clients and $665.39 million of assets under management. Among the 8 most similar advisory firms, Summit Financial Strategies has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.14 billion for 762 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Summit Financial Strategies doesn't advise any private funds.

Careers at Summit Financial Strategies Inc

The company employs 28 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives 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.

Ted Kevin Saneholtz has been acting as President since 1 Sep 1998. Liam John Hurley has served as the Chief Investment Officer since 1 Jan 2005. Wendy S Trout joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ted Kevin Saneholtz	President/treasurer/chief financial officer	1 Sep 1998	Other	1197670
Samantha A.L. Macchia	Secretary	1 Jan 2001	Other	4362533
Samantha Alise Lyman Macchia	Vice president/secretary	1 Jan 2001	25% - 50%	4362533
Samantha Alise Lyman Macchia	Vice president/secretary/chief compliance officer/chief operating officer/director of wealth management	1 Jan 2002	Other	4362533
Brian Todd Sutliff	Vice president/director of marketing	1 Jan 2005	Other	4404659
Liam John Hurley	Vice president/chief investment officer	1 Jan 2005	Other	2124954
Thomas C.B. Davison	Vice president	1 Jan 2005	Other	4659405
Thomas Cornell Barringer Davison	Vice president	1 Jan 2005	Other	4659405
Timothy William Swain	Vice president/chief compliance officer	1 Jan 2016	Other	6186582
Wendy S Trout	Vice president	1 Jan 2017	Other	5154084
Michael Robert Scherer	Vice president	1 Jan 2017	Other	5920189

Based in Columbus

The principal office where Summit Financial Strategies Inc performs its advisory services is located at 7965 North High Street, Columbus, OH 43235 8446, 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 614-885-1115 or by fax 614-885-1495. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at summitfin.com.