Summit Investment Advisory Services

Summit Investment Advisory Services, LLC (SIAS) is a financial advisory firm established in September 2013, based in Roseville, MN. The firm offers portfolio management services tailored to individual client goals, financial planning, and limited investment types advice. SIAS acts as a fiduciary, prioritizing clients' interests and avoiding conflicts of interest in investment decisions. The firm's assets under management as of December 31, 2024, were $627,693,514 for discretionary amounts and $4,816,511 for non-discretionary amounts. For fees, SIAS charges a flat fee of up to 1.50% for portfolio management services, with negotiable rates based on factors like account value and services complexity. Financial planning fees range from $250 to $2500 for fixed fees and $125 to $250 per hour for hourly fees. Clients are responsible for third-party fees, and SIAS may receive compensation from LPL Financial for sponsored programs. The firm does not accept performance-based fees and primarily serves individuals and high-net-worth individuals with no minimum account requirement. SIAS employs fundamental, technical, cyclical, and quantitative analysis, along with modern portfolio theory, in its investment strategies. The firm discloses risks associated with various investment types, including mutual funds, equities, fixed income securities, ETFs, real estate funds, hedge funds, and options trading. SIAS does not have any disciplinary history and maintains a Code of Ethics covering various aspects of ethical conduct.