Hedge Fund Database

SUMMIT INVESTMENT ADVISORY SERVICES

SUMMIT INVESTMENT ADVISORY SERVICES, LLC Legal Name

Adviser information for SUMMIT INVESTMENT ADVISORY SERVICES last updated from Form ADV on January 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Limited Liability Company
Fiscal Year End DECEMBER
Legal Location Minnesota, United States

Employees

Total Number of Employees 12
Investment Advisory/Research 6
Registered Broker-Dealer Representatives 9
Registered State Investment Advisers 6
Licensed Agents of an Insurance Company 6
No. of Firms/People that Solicit Clients 1

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 2,235 $556.7M
Non-Discretionary 8 $5.5M
Total 2,243 $562.2M

Clients

Type Number RAUM
Individuals 1,154 $240.7M
HNW Individuals 274 $321.6M
Banking or thrift institutions 0 $0
Investment companies 0 $0
Business development companies 0 $0
Pooled investment vehicles 0 $0
Pension and profit sharing plans 0 $0
Charitable organizations 0 $0
State or municipal gov entities 0 $0
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 0 $0
Other 0 $0
Type Number
No. of Non-RAUM Clients 0
No. of Non-U.S. Clients 0
No. of Financial Planning Clients 0

Services

Advisory Services Financial planningPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers)
Compensation % of AUMHourly chargesFixed fees

Wrap Fee Program

Offers Wrap Fee Program Yes
Acting As RAUM
Sponsor 17.0M
Portfolio Manager 0
Both for Same 54.0M
Portfolio Manager to Program Sponsor
SUMMIT INVESTMENT ADVISORY SERVICES WRAP FEE PROGRAM SUMMIT INVESTMENT ADVISORY SERVICES

Identifiers

SEC RIA File Number 801-110650
SEC ERA File Number 801-110650
SEC CIK Numbers 1914395
SEC CRD Numbers 168594
Legal Entity Identifier None

Principal Office

3065 CENTER POINTE DRIVE
SUITE 2
ROSEVILLE
MN
United States
Monday - Friday, 8:00 AM - 5 PM
Tel: (651) 490-2939, Fax: None

Websites

www.facebook.com/pg/summitinvest/events/ www.youtube.com/channel/uc1cgb3gl8akcrfmw7q89osg www.summitinvest.com www.linkedin.com/company/summit-investment-advisors/

Chief Compliance Officer

RUSSELL ROGERS
3065 CENTER POINTE DRIVE
SUITE 2
ROSEVILLE
MN
United States
Tel: (651) 490-2939
(Full email address available in API data)

Regulatory Contact

SEAN MCDERMOTT
PRESIDENT
3065 CENTER POINTE DRIVE
SUITE 2
ROSEVILLE
MN
United States
Tel: (651) 490-2939
(Full email address available in API data)

Industry Affiliates

None

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
None

Control Persons

Name Type Entity Title Since Ownership
MCDERMOTT, SEAN, PATRICK Individual – CEO/PRESIDENT 09/2013 < 5%
MCDERMOTT, SEAN, PATRICK Individual SUMMIT ADVISORS, INC. OWNER 11/2014 > 75%
ROGERS, RUSSELL, DAVID Individual – CHIEF COMPLIANCE OFFICER 02/2015 < 5%
SUMMIT ADVISORS HOLDCO, LLC Domestic Entity – HOLDING COMPANY 12/2021 > 75%
SUMMIT ADVISORS, INC. Domestic Entity SUMMIT ADVISORS HOLDCO, LLC MANAGING MEMBER 12/2021 > 75%

No. Employees, Historic

2010020192020202120222023202420256 on 5/22/20196 on 3/2/20206 on 5/27/20206 on 9/9/20206 on 10/5/20205 on 10/23/20206 on 11/9/20206 on 2/5/20216 on 2/8/20216 on 1/24/20226 on 1/31/20226 on 1/31/20226 on 2/18/20226 on 3/1/20226 on 3/30/202213 on 3/28/202313 on 7/11/202312 on 1/29/2024

RAUM, Historic

600M300M02019202020212022202320242025257762758 on 5/22/2019333266790 on 3/2/2020333266790 on 5/27/2020333266790 on 9/9/2020333266790 on 10/5/2020333266790 on 10/23/2020333266790 on 11/9/2020424355240 on 2/5/2021424355240 on 2/8/2021424355240 on 1/24/2022490032992 on 1/31/2022490032992 on 1/31/2022490032992 on 2/18/2022490032992 on 3/1/2022490032992 on 3/30/2022455969060 on 3/28/2023455969060 on 7/11/2023562246190 on 1/29/2024

No. Clients, Historic

2,0001,00002019202020212022202320242025854 on 5/22/2019741 on 3/2/2020741 on 5/27/2020741 on 9/9/2020741 on 10/5/2020741 on 10/23/2020741 on 11/9/2020784 on 2/5/2021784 on 2/8/2021784 on 1/24/2022784 on 1/31/2022784 on 1/31/2022784 on 2/18/2022784 on 3/1/2022784 on 3/30/2022941 on 3/28/2023941 on 7/11/20231428 on 1/29/2024

Holdings

From latest 13F, filed July 15th, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
AMAZON COM INC COM 533K 3K –
APPLE INC COM 1M 6K –
COSTCO WHSL CORP NEW COM 223K 263 –
FIRST TR EXCHANGE-TRADED FD DOW 30 EQL WGT 2M 68K –
FRANKLIN TEMPLETON ETF TR SENIOR LOAN ETF 3M 132K –
INVESCO EXCH TRD SLF IDX FD BULETSHS 2029 400K 22K –
INVESCO EXCH TRD SLF IDX FD INVSCO BLSH 26 537K 23K –
INVESCO EXCH TRD SLF IDX FD INVSCO BLSH 28 478K 24K –
INVESCO EXCH TRD SLF IDX FD BULSHS 2027 CB 614K 32K –
INVESCO EXCH TRD SLF IDX FD BULSHS 2026 CB 3M 170K –
INVESCO EXCH TRD SLF IDX FD BULSHS 2025 HY 8M 368K –
INVESCO EXCH TRD SLF IDX FD BULSHS 2025 CB 5M 253K –
INVESCO EXCH TRD SLF IDX FD BULSHS 2024 HY 9M 394K –
INVESCO EXCH TRD SLF IDX FD BULSHS 2024 CB 6M 280K –
INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF 476K 2K –
INVESCO QQQ TR UNIT SER 1 4M 8K –
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 2M 14K –
INVESCO EXCH TRADED FD TR II SR LN ETF 230K 11K –
ISHARES TR 0-5YR HI YL CP 570K 14K –
ISHARES TR CORE MSCI EAFE 370K 5K –
ISHARES TR HIGH YLD SYSTM B 561K 12K –
ISHARES TR IBONDS DEC25 ETF 4M 151K –
ISHARES TR IBONDS DEC24 ETF 5M 187K –
ISHARES TR IBONDS DEC2026 3M 121K –
ISHARES TR IBONDS 25 TRM HG 760K 33K –
ISHARES TR IBONDS 24 TRM HG 489K 21K –
ISHARES TR RUS MID CAP ETF 1M 13K –
ISHARES TR RUS 1000 VAL ETF 3M 15K –
ISHARES TR RUS 1000 GRW ETF 7M 18K –
ISHARES TR RUS 1000 ETF 5M 16K –
ISHARES TR US INFRASTRUC 299K 7K –
JANUS DETROIT STR TR HENDRSON AAA CL 441K 9K –
MICROSOFT CORP COM 547K 1K –
NVIDIA CORPORATION COM 832K 7K –
PRICE T ROWE GROUP INC COM 323K 3K –
SPDR SER TR PRTFLO S&P500 GW 2M 22K –
SPDR SER TR PRTFLO S&P500 VL 2M 36K –
SPDR S&P 500 ETF TR TR UNIT 274K 504 –
VANGUARD INDEX FDS S&P 500 ETF SHS 434K 868 –
VANGUARD INDEX FDS TOTAL STK MKT 1M 5K –