Frequently Asked Questions
Your Questions, Answered
Everything you need to know before your first conversation with Summit.
Schedule a Meeting
Frequently Asked Questions
Everything you need to know before your first conversation with Summit.
Schedule a MeetingCEO Randy Morris founded our predecessor firm, Executive Financial Planning, in 1985. Summit Wealth Group launched in 2002 to expand that vision. We’ve been guiding clients toward clarity ever since.
Summit is a national independent Registered Investment Advisor (RIA) headquartered in Colorado Springs, Colorado, with twelve offices across six states. We build financial plans centered on your life, not just your portfolio.
Your financial plan sets the foundation for every decision we make. Our dedicated planning department works alongside your advisor to build a strategy specific to your situation, then your investment approach follows from that plan.
We work with individuals and families, business owners, physicians, dentists, and other medical professionals, and ultra high-net-worth families. Wherever you are in building, protecting, or transferring wealth, your first conversation helps us understand where you’re headed.
We may not be the right fit for someone looking for a traditional brokerage relationship focused primarily on picking individual stocks, making frequent trades, or trying to consistently beat the market. Our approach is centered on financial planning and your long-term goals. We rely on financial planning and investment principles to build a strategy around where you are today, where you want to go, and the level of risk appropriate for getting there. Rather than chasing short-term market performance, we focus on the decisions and strategies that can help you make meaningful progress toward your goals over time.
Both. Every client has an advisor who knows their name, their family, and their goals. Your advisor is backed by our national planning department, an in-house investment committee, and specialists across the firm.
Our headquarters is in Colorado, with offices in Arizona, Mississippi, Oregon, South Dakota, and Tennessee. You can find your local team on our Locations page.
Your financial plan is built around your specific situation and goals, whether that’s retirement, a business sale, an inheritance, or caring for a family member. Our planning team looks for gaps and opportunities across your full financial picture.
Your advisor works to align every part of your financial picture, including equity, investments, taxes, and estate planning, into one coordinated strategy rather than treating each piece separately.
Summit Wealth Group is a fee-based Registered Investment Adviser (RIA), giving clients flexibility in how they choose to work with us. For clients who prefer a fee-only relationship, we can structure our services so that compensation comes solely from advisory fees, with no commissions. Our goal is to recommend the structure that best fits your needs and preferences, with transparency around how we are compensated and a commitment to acting in your best interest.
Our fees vary based on the services you need and the complexity of your financial situation. For investment management, fees are typically based on a percentage of the assets we manage for you, with the percentage generally decreasing as your assets increase. Before you become a client, we’ll clearly explain the services we recommend, what they cost, and how we are compensated so you can make an informed decision with no surprises.
We do not have a set asset minimum. However, we find our services are typically most beneficial for clients with at least $500,000 in investable assets, with most of our clients falling in the $1M – $10M range. We also offer Family Office Services for clients with more significant wealth.
Yes. As an independent RIA, Summit is legally required to put your interests first. Your advisor can walk you through exactly what that means for your relationship during your first conversation.
Many Summit advisors specialize in serving the needs of business owners, physicians and dentists, and ultra high-net-worth families. If you’re looking for an advisor who understands your industry or particular financial goal, you can search by specialty with our Find an Advisor tool. If you prefer to work with someone local, visit our Locations page to find an advisor near you. Wherever your advisor is based, you have the full firm’s planning and investment resources behind you.
We start by understanding your life: what you’re building toward, what you’re worried about, and what matters most to you. From there, we talk about what a plan built around those goals could look like.
Yes. Business owners often juggle distributions, equity, real estate, and retirement planning at once. Summit manages collaboration across your entire financial team so those pieces stay aligned.
Founders, business owners, retirees relocating to a new state, and multigenerational families who need every part of their wealth coordinated under one strategy.
Our family office services provide personal coordination for families whose wealth has become too complex to manage in pieces. You get family-office-level coordination without becoming an institutional client number.
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