Summit Financial (via Summit Growth Partners) Invests in Parsons Broach Financial Services
May 29, 2025
Summit Financial, through its Summit Growth Partners platform, made a minority investment in Parsons Broach Financial Services, a Montgomery, Alabama-based wealth advisory firm that manages more than $250 million in assets. The deal brings the Parsons Broach team onto Summit's partnership platform to accelerate growth and provide the firm with additional resources, technology, and strategic support.
- Buyers
- Summit Financial, Summit Growth Partners
- Targets
- Parsons Broach Financial Services
- Sellers
- Raymond James
- Industry
- Wealth Management
- Location
- Alabama, United States
- Transaction Type
- Growth capital
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