Summit Wealth Group, LLC

Summit Wealth Group, LLC is an SEC-registered investment adviser founded in February 2010 by Theodore J. Spinardi II. The firm offers investment advisory services to individuals, high net worth individuals, trusts, estates, and businesses. Summit does not act as a custodian of client assets, ensuring that clients maintain asset control. The firm provides various advisory services, including investment supervisory services, investment advisory accounts management, financial planning, and more. As of January 1, 2025, Summit manages approximately $148,046,165 in discretionary assets and approximately $1,995,145 in non-discretionary assets for around 261 clients. The firm's investment approach is primarily long-term focused, utilizing mutual funds, exchange-traded funds (ETFs), individual stocks, and bonds to meet client needs. Summit evaluates and selects securities for client portfolios after applying internal due diligence processes. Clients have the opportunity to place reasonable restrictions on their investments. The firm's fee structure includes a percentage of assets under management, hourly charges, fixed fees, and commissions, with annual fees up to 2%. Summit does not engage in performance-based fees or side-by-side management. The firm operates under a fiduciary duty to act in the best interest of clients. Clients are responsible for voting their securities, and the firm does not vote proxies on their behalf. Summit maintains a Business Continuity Plan and an Information Security Program to protect client information and ensure operational resilience. The firm's Privacy Policy outlines the collection, use, and safeguarding of customer information. For any privacy-related questions, clients can contact the Chief Compliance Officer.