Leading Wealth Management Boutique, Summit Trail Advisors, Expands: Adds Advisory Team with $500 Million in Client Assets
Summit Trail Advisors today announced the addition of Justin Waterman, Partner, and Sarah Silverio, Vice President. Mr. Waterman and Ms. Silverio currently advise on $500M of client assets and will be based at Summit Trail headquarters in New York City.
Summit Trail Advisors, a Dynasty Financial Partners network firm, is an independent advisory firm created by wealth management executives in July 2015. With over $4B in AUA, they have grown to 15 advisors in New York, Chicago, San Francisco and Boston. They have attracted advisors with previous experience at Alliance Bernstein, Barclays, Goldman Sachs, JP Morgan, Lehman Brothers, and Morgan Stanley. Mr. Waterman and Ms. Silverio join Summit Trail from Fischer and Company.
Summit Trail’s Managing Partner, Jack Petersen, said, “We are delighted to welcome Justin and Sarah to Summit Trail Advisors. We have accomplished a great deal since our launch two years ago. We are pleased that successful advisors continue to recognize that Summit Trail Advisors, as a well-established independent firm, can provide an exceptional client service model, customized investment portfolios and leading technology solutions.”According to Mr. Waterman, “We are excited to join Summit Trail and be part of a growing firm with a culture focused on providing best-in-class advice, service and solutions to entrepreneurs, investment professionals, business owners and wealthy families. Summit Trail provides continuity to our clients as a fiduciary while delivering enhanced resources in managing their wealth.”
Shirl Penney, CEO of Dynasty Financial Partners, said, “At their launch, we anticipated that Summit Trail would build one of the industry’s truly significant, professional wealth management firms. They have successfully brought together top advisory teams, and we welcome Justin to our industry-leading network of truly independent financial advisory firms.”
Since its launch in 2015, Summit Trail has expanded with the addition of advisors Daniela Pedley, Lauren Cosulich, Jerry Lucas, Peter Gambee, Michael Cohen and Megan Vacca in New York, San Francisco and Boston.Mr. Waterman and Ms. Silverio will join Managing Partner Jack Petersen and CIO David Romhilt in Summit Trail’s New York headquarters. In addition, the team joins NY-based Partners James Cantelupe, Tom Harms, Seth Katz, Danie McHugh and Duff Saxe as well as Peter Lee and Ben Johnson in Chicago and Tom Palecek and John Scarborough in San Francisco. For more information, please visit summittrail.com.
About Summit Trail Advisors
Summit Trail Advisors is an investment-focused independent wealth management boutique with offices in New York, Boston, Chicago and San Francisco. The firm leverages leading research providers and their in-house research team to design investment solutions while sourcing unique, highly specialized investments. They are a large institutional client of the street and source investment opportunities, credit solutions and other professional services for their clients on a completely open architecture basis.