Summit Trail Advisors Celebrates its One Year Anniversary
NEW YORK—Summit Trail Advisors announced that the firm is celebrating its one year anniversary. Summit Trail is an independent advisory firm founded on July 24th, 2015 with offices in New York, Boston, Chicago and San Francisco.
Summit Trail Advisors has experienced rapid growth over the last year. In their first year, Summit Trail has grown to 38 employees in four offices; $3 billion of assets under management and advisement; with over 200 clients. The firm has a proven management team led by Managing Partner, Jack Petersen and Thomas Harms, Chief Operating Officer.
According to Jack Petersen, “At Summit Trail, we are proud to be entrepreneurs serving other entrepreneurs. As a private, independent advisory firm, we now control our own destiny. And, as the industry continues to evolve, we are well-positioned to capitalize on advances in technology and investments on behalf of our clients.”
Summit Trail has a fully integrated, institutional quality investment team. The firm’s experienced research team of six includes David Romhilt, Chief Investment Officer, leading a group including a Head of Investments, Head of Portfolio Construction and three Research Analysts. They quickly distinguished their Manager Research capabilities by sourcing, providing due diligence and offering two Institutional Private Debt and Equity offerings in their first year. With over $150 million in commitments to these two funds, Summit Trail has demonstrated its ability to source attractive limited access investments for their clients.
Summit Trail’s five advisory teams, located in New York, Boston, Chicago and San Francisco, are led by market leading advisors with experienced analysts and assistants.
Summit Trail takes an ‘open architecture’ approach to all aspects of the business including Investments, Custodians, Technology, Planning and Performance Reporting to truly curate a second to none experience for their clients.
Summit Trail is able to embrace the evolution in technology that has transpired outside the traditional banks over the past decade. Many larger firms are tied to legacy technology infrastructure, while Summit Trail has built their technology infrastructure from scratch with their clients in mind.
“We are now as perfectly aligned with our clients as possible. We felt it was imperative to address and eliminate as many potential conflicts of interest as possible. We are now able to simply provide advice to our clients in its purest form,” said Summit Trail Partner, Peter Lee, who is based in Chicago.
San-Francisco-based Summit Trail Partner Tom Palecek added, “The most important aspect to being an independent firm is how completely objective we can be on behalf of our clients. As Fiduciaries with fully institutional level capabilities, we can get involved in bringing together all the aspects of wealth management. Clients have found the Fiduciary aspect very refreshing and a stark difference versus the bank environment they were used to.”
Summit Trail Advisors is a Network Advisory Firm on Dynasty Financial Partners’ industry-leading platform of integrated wealth management services and technology. Dynasty develops, sources and integrates wealth management capabilities, solutions and technology into its open-architecture platform to help independent advisors protect and grow their clients’ wealth.
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.