SourcingSourcing

SUMMIT INVESTMENT ADVISORY SERVICES, LLC

C40
CRD 168594·SEC 801-110650·ROSEVILLE, MN
AUM
$745.8M
$500M-$1B
Est. Revenue
$7.5M
@ 1% on AUM
Est. EBITDA
$2.2M
@ 30% margin
Est. Deal Value
$17.9M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
SUMMIT INVESTMENT ADVISORY SERVICES, LLC
CRD
168594
SEC file #
801-110650
EIN
463724686
DBA names
Summit Investment Advisory Services

Economics

AUM
$745.8M
AUM band
$500M-$1B
AUM trajectory
'20'26
$257.8M → $745.8M▲ +189%
Client mix
Individuals Other755
Individuals High Net Worth320

Operations

Employees (total)
11
Advisory staff (per ADV)
8
Advisory staff (5-yr trend)
'20'26
6 advisors → 8 advisors▲ +33%
Primary office
ROSEVILLE MN
Branches
—

Custodian & Brokerage

Primary custodian
LPL Financiallow confidence
Services offered
Financial planningPortfolio mgmt — individualsSelection of other advisers
Fee basis
% of AUMHourly chargesFixed fees

Filings

Latest ADV filing
02/17/2026
ADV-W filed at
—
Website
facebook.com/pg/summitinvest/events(social)

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
SUMMIT ADVISORS HOLDCO, LLC
Top Owner Pct
87.5
Top Owner Entity Kind
DE
Owner Count
3
Control Persons
SUMMIT ADVISORS HOLDCO, LLC
MCDERMOTT, SEAN, PATRICK
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
Yes

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
social_url_excluded:facebook.com

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Cik
0001914395
Edgar Registered
Yes
Edgar Filing Count
18
Edgar First Filing Date
2023-02-02
Edgar Last Filing Date
2026-04-23
Edgar 13f Count
16
Edgar 13f Latest AUM Estimate
Filing Date2026-04-23
Accession0001951757-26-000713

Local market & wealth

Rank targets by how wealthy the local market is

Soi High Wealth Score
0.2819
Soi Zip Pct 200k Plus
0.0777
Soi Zip Returns 200k Plus
1,700
Soi Zip Total AGI
1,901,045
Fdic Zip Total Deposits
47,832,659,000
Fdic Zip Branch Count
483
Fdic Zip Top Banks
North American Banking Company
U.S. Bank National Association

Compliance & brand

Firm Registration Status
active

All other collected signals (21)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
8
Bc Firm Active IA Count
8
Bc Firm IAR Count
8
Custodian Candidates
Full
Lpl Financial4
E*trade4
Edgar Addresses
Mailing
3065 CENTRE POINTE DRIVESUITE 2ROSEVILLE, MN 55113
Business
3065 CENTRE POINTE DRIVESUITE 2ROSEVILLE, MN 55113
Edgar EIN
463724686
Edgar Recent Filings
13F-HR2026-04-23 · 0001951757-26-000713
13F-HR2026-02-04 · 0001951757-26-000354
Fdic Zip Branches Raw
Western State Bank of St. PaulMaplewood, MN
First American Bank MetroRoseville, MN
Fdic Zip HHI
940.78
Fdic Zip Top Bank Share Pct
16.49
Fdic Zip Year
2025
Firm Has Custody
Yes
Mailing Office Differs
No
Soi Year
2022
Soi Zip Distribution
Stub 1
AGI59,538
Returns4,880
Stub 2
AGI177,908
Returns4,710
Stub 3
AGI226,900
Returns3,700
Soi Zip Total Business Income
49,653
Soi Zip Total Cap Gains
57,385
Soi Zip Total Dividends
56,499
Soi Zip Total Returns
21,890
Trust Company Affiliate
No

People (8)

8
MCDERMOTT, SEAN, PATRICK
IAR · Executive Officer · 2.5%
1980559
ROGERS, RUSSELL, DAVID
IAR · Executive Officer · 2.5%
5390538
SCOTT EDWARD CASKEY
IAR
5948473
Emerson D Grovender
IAR
7862554
Samantha Lynn Beavens
IAR
6864099
Jack R Schwartz
IAR
7123743
JOEL MICHAEL BUDD
IAR
2020409
BRIAN JEREMY CARLSON
IAR
4210497