The addition of integrated alternative investment solutions will help advisors attract and retain high-net-worth clients and further strengthen their competitiveness.
Parsippany, NJ, April 17, 2024–(Business Wire)–summit financial holdings (“Summit”), the leading architect of advisor success and client satisfaction for over 40 years, today announced enhancements to its Private Markets offering. The enhanced approach is now fully poised to provide institutional quality resources to advisors, combining the bespoke service of a specialist firm with the breadth and depth of a larger institutional offering. . The completion of this plan is timely and comes at a time when financial advisors and their high net worth (HNW) clients are increasingly turning to alternative investments for diversification and higher returns.1
Summit has strategically addressed this opportunity by introducing a robust open architecture platform for private markets, allowing advisors to seamlessly access a wide range of alternative investments on behalf of their clients.guided by Co-Chief Information Officer (CIO) noreen brown, CFA, this initiative aims to give advisors a competitive edge while further differentiating client portfolios with the potential to generate higher returns and reduce exposure to market volatility. By integrating access to leading platforms such as opt investment and archSummit positions advisors to confidently navigate the complex private market, increasing wallet share among existing clients and attracting new high-net-worth clients.
“At Summit, we pride ourselves on our client-first approach, and we are proud to announce the launch of our private market services, built on the foundations of comprehensive financial planning and open architecture.” he said. Stan GregorRepresentative Director and CEO of Summit Financial Holdings. “This initiative, supported by partnerships with companies such as Opto Investments and Arch, aims to provide our advisors with the tools they need to build more dynamic and resilient portfolios. This reflects our continued efforts to adapt and grow in ways that support advisors in meeting the needs of their clients. ”
The newly launched platform will give Summit advisors access to private equity, private credit, real estate and venture capital opportunities. In addition to offering a platform, Summit can also offer certain trades directly, offering clients institutional share classes with lower minimums and fees. Despite the administrative challenges associated with the private market, such as inconsistent data and reporting, the digital infrastructure provided by Arch ensures that Summit advisors enjoy security, efficiency, and standardization when allocating alternatives. It will help you make it possible.
“We are pleased to support Summit by removing many of the administrative headaches associated with alternative investments,” he added. ryan eisenmanCo-Founder and CEO of Arch. “Our integrated platform acts as a central hub, providing advisors and their clients with on-demand access to K-1s, reporting data, capital calls, distributions, and other documents. We also provide AI for manager comments. We also provide actionable insights such as summaries, which help reduce costs and reduce the administrative burden for advisors and their support staff to do what they do best: create value for their clients. You can spend more time. ”
Summit has also established a deep bench of investment experts to assist advisors in designing model portfolios tailored to each client's unique risk tolerance and liquidity needs. This effort will be complemented by mentoring sessions from experienced Summit advisors who will share strategies for effectively implementing and allocating various asset classes.
One of these mentors, Summit Wealth Advisors Joe Spada, CFP, “As advisors, we are tasked with not only understanding the nuances of various asset classes, but also communicating them effectively to clients across multiple generations. By providing the necessary support to effectively communicate value and risk, advisors can maximize the value that Summit Private Markets has to offer. By leveraging it, you can deepen existing relationships, retain multigenerational customers, and grow your business. ”
Summit's investment products are designed to appeal to investors seeking a combination of traditional and innovative options. Its portfolio includes everything from mutual funds and exchange-traded funds (ETFs) to private equity, real estate investment trusts (REITs), separately managed accounts (SMAs), and more. Summit's investment team is deeply experienced and qualified, providing institutional-quality access and analysis to ensure clients have the resources to navigate the investment landscape with confidence. Summit's comprehensive toolkit supports risk management and rebalancing, along with regular economic and financial updates, ensuring clients are well-positioned to pursue their investment goals in a rapidly changing market environment. will help you check.
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1 Cerulli Report — US HNWI and Ultra-HNWI Market 2022: Changes in Alternative Allocations. https://www.cerulli.com/press-releases/high-net-worth-investors-embrace-alternative-investments
About Summit Financial
As an independent financial services company with a heritage business dating back more than 40 years, Summit and its affiliates combine extensive experience and forward-thinking philosophies to adapt to changes in the industry. We are proud to continue our vision of helping our clients achieve financial success. To provide the best service to our customers now and in the future. With tailored and holistic practical advice, we help you turn your life aspirations into success stories. Our financial advice focuses on your personal needs and values, not industry norms.
Affiliates of Summit Financial Holdings, LLC include, but are not limited to, Summit Financial, LLC, Summit Risk Management, LLC, Summit Advisory Services, LLC, Summit Services IT, LLC, and Summit Growth Partners, LLC. yeah. For more information, please visit Summitfinancial.com.
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