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SUMMIT FINANCIAL, LLC
CRD 299322File 801-114377
APPROVED
Retail clients
Custody
Disclosure events
Filing as of Sep 3, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$26.35B
Top 10% of cohort (national)
Discretionary AUM
$15.20B
Non-discretionary $11.15B
Clients
18,393
40,628 accounts
Employees
490
Top 10% of cohort in NJ
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- NYRO
- Registration date
- Dec 3, 2018
- Principal office
- 4 CAMPUS DRIVE, PARSIPPANY, NJ, 07054
- Phone
- 973-285-3600
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $26.35B
- Discretionary AUM
- $15.20B
- Non-discretionary AUM
- $11.15B
- Discretionary accounts
- 28,730
- Non-discretionary accounts
- 11,898
- Total accounts
- 40,628
- AUM per client
- $1.4M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 19 | $38.7M |
| Charitable organizations | 4 | $16.4M |
| High net worth individuals | 2,248 | $14.93B |
| Pension and profit sharing plans | 561 | $2.80B |
| Individuals (other than high net worth individuals) | 15,561 | $8.55B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- A percentage of assets under your management
Advisory activities
- Financial planning services
- Selection of other advisers
- Portfolio management for other
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11- Q11D2
- Q11D4
- Q11E2
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Sep 4, 2026 | Clients | 16,137 | 18,393 | increased by2,256 |
| Sep 4, 2026 | AUM | $22,470,472,144 | $26,348,347,965 | increased by$3,877,875,821 |
| Sep 4, 2026 | Accounts | 36,236 | 40,628 | increased by4,392 |
| Apr 1, 2026 | Employees | 353 | 490 | increased by137 |
| Apr 1, 2026 | Clients | 9,865 | 16,137 | increased by6,272 |
| Apr 1, 2026 | AUM | $14,959,048,272 | $22,470,472,144 | increased by$7,511,423,872 |
| Apr 1, 2026 | Accounts | 22,079 | 36,236 | increased by14,157 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 222 | 353 | increased by131 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 4,044 | 9,865 | increased by5,821 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $6,475,288,062 | $14,959,048,272 | increased by$8,483,760,210 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 10,284 | 22,079 | increased by11,795 |
| Apr 1, 2022 | Employees | 185 | 222 | increased by37 |
| Apr 1, 2022 | Clients | 3,373 | 4,044 | increased by671 |
| Apr 1, 2022 | AUM | $4,146,510,021 | $6,475,288,062 | increased by$2,328,778,041 |
| Apr 1, 2022 | Accounts | 7,378 | 10,284 | increased by2,906 |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “SUMMIT FINANCIAL” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“SUMMIT FINANCIAL” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.