Summit Financial and Merchant Investment Management Acquire Stake in Genex Consulting

Summit Financial and Merchant Invest in Four Wealth Advisory Firms

July 22, 2025

Wealth Management

Summit Financial, together with growth partner Merchant Investment Management, made strategic investments in four independent advisory firms — Crow Financial Advisors (Albuquerque), Everest Consultants (Syracuse), Heritage Wealth Partners (Dublin, Ohio), and LPF Advisors (Sarasota) — that together manage roughly $1.2 billion in client assets. The transactions bring each firm onto the Summit platform to accelerate geographic expansion and scale Summit's national network of wealth managers.

Summit Financial (SGP) Takes Minority Stake in Gordon Asset Management

December 23, 2024

Wealth Management

Summit Financial, via its Summit Growth Partners partnership, acquired a minority stake in Gordon Asset Management, a boutique advisory firm headquartered in Durham and Pinehurst, North Carolina. The investment will give Gordon access to Summit’s network, capital and in-house strategy resources and is intended to expand Summit’s retirement-plan capabilities and accelerate Gordon’s growth while preserving local operating control.

Arax Investment Partners Acquires Summit Wealth Strategies

August 5, 2025

Wealth Management

Arax Investment Partners, a RedBird-backed wealth-management platform, has acquired Summit Wealth Strategies, a Chesterfield, Missouri–based registered investment advisor with $1 billion in assets under management. Summit will join Arax Advisory Partners to expand Arax's Midwest presence; financial terms were not disclosed.

Summit Financial and Merchant Acquire Equity Stake in Meeder Wealth Management

August 21, 2024

Wealth Management

Summit Financial, together with Merchant Investment Management, has acquired an equity stake in the wealth management arm of Meeder Investment Management. The Dublin, Ohio-based Meeder Wealth Management team — which manages nearly $400 million in AUM — will retain its branding and team and will access Summit's SummitVantage platform and Merchant's growth resources to accelerate national growth.

Summit Financial (SGP) Takes Minority Stakes in SEFG, Radiance Private Wealth and Silvertree

December 1, 2024

Financial Services

Summit Financial, through its Summit Growth Partners (SGP) partnership model, has made strategic minority, non-controlling investments in three independent advisory firms: Southeast Financial Group (SEFG), Radiance Private Wealth, and Silvertree Retirement Planning. The transactions expand Summit's nationwide advisor network and provide the firms access to Summit's multi-family office resources while allowing them to retain their leadership and autonomy.

Summit Financial Onboards Gateway Advisory ( $830M AUM )

March 16, 2025

Wealth Management

Summit Financial has made a strategic investment in Gateway Advisory, a New Jersey-based registered investment advisory firm with $830 million in assets under management. The Gateway team and principals will integrate into Summit’s Parsippany office as part of Summit’s ongoing roll-up of advisory practices to expand its multi‑family office platform.