Summit Financial Advisors, Inc.

Summit Financial Advisors, Inc., established in Middletown, OH, primarily offers customized investment management services to high-net-worth individuals, trusts, estates, and various legal entities. The firm manages client assets in mutual funds and ETFs, allowing clients to select from growth, balanced, or conservative strategies and impose reasonable restrictions on account management. As of March 31, 2024, the firm managed $186,371,182 on a discretionary basis across approximately 356 accounts and $2,452,252 on a non-discretionary basis across around 26 accounts. Regarding fees, Summit Financial Advisors, Inc. charges an annual investment management fee based on a tiered schedule, with a minimum annual fee of $4,500. Clients who do not meet the $500,000 household minimum can opt for advice on an hourly rate basis ranging from $250 to $400 per hour. The firm charges fees quarterly based on the account value at the end of the prior quarter. Clients may incur trading costs, custodial fees, and mutual fund expenses in addition to the firm's fees. The firm's investment strategies involve fundamental analysis conducted by its personnel, led by an Investment Committee that evaluates global market conditions and investments quarterly. Summit Financial Advisors, Inc. primarily invests for long-time horizons, with the option of recommending option writing based on client objectives. The firm's investment philosophy is based on fundamental analysis, stock market risk management, and the identification of successful companies, with a focus on risk mitigation and long-term value creation.