(Morningstar) - Aspen Standard Wealth, which serves as a permanent home and long-term partner for successful RIAs, announced today that it has acquired Summitry, a leading registered investment adviser with $2.8 billion in assets under management (AUM).
Summitry, based in the San Francisco Bay area, provides personalized financial planning and investment strategies rooted in local insights. Founded in 2003, the firm offers access to a wide range of institutional-grade investing and advisory services, including in-depth financial planning, retirement planning, estate and trust services, and equity compensation advice. Since its inception, Summitry has grown into a preeminent provider in the wealth management industry.
“When I met the team at Aspen, it was clear that they were different. They take a long-term view of everything they do. They care about growing our people, continuing to build on top of the foundation that our team has built, and helping us deliver more for our clients,” said Colin Higgins, CEO of Summitry.
Aspen’s framework represents a new and permanent approach to partnering with RIAs. Unlike other acquirers, Aspen’s plan is to build for the long term, not to resell. This philosophy keeps everyone aligned and invested in further maturing and growing the business, with less friction than most conventional transactions.
“Summitry embodies everything we seek in a partner: growth oriented, client obsessed, and people focused,” said Aly Kassim-Lakha, CEO of Aspen. “Aspen offers what successful, leading RIAs like Summitry have long been looking for: a deeply knowledgeable, permanent partner who is there to support them indefinitely. We are the sorely needed alternative to traditional investment firms in that we enable our partners to thrive long term.”
About Aspen Standard Wealth
Aspen Standard Wealth empowers RIA leaders and their businesses to achieve enduring value and fulfillment through permanent partnerships. Aspen provides long-term stability and support—along with uniquely aligned incentives—that are designed to facilitate growth through a decentralized operating model. Aspen’s team of seasoned business operators, investors, and RIA industry professionals are committed to unlocking growth and potential by prioritizing people, fostering culture, and preserving the unique legacy of each leader we work with and their businesses. Learn more about Aspen Standard Wealth.
About Summitry
Summitry is a Bay Area wealth management firm offering personalized financial planning and investment strategies, rooted in local insight. We help grow and protect your wealth so you can pursue your best Bay Area life. Founded in 2003, the firm has more than $2.8 billion in AUM (as of 11/01/2024), a size large enough to possess highly sophisticated systems, to have access to a wide range of institutional research tools and services, and to employ the highest-caliber professional talent, while maintaining the culture and personalized approach of a boutique investment firm. Summitry offers a range of services, including personalized financial planning, retirement planning, estate and trust planning, California tax strategies, charitable gift planning, fiduciary support, equity compensation and benefits advice to executives, asset management, and customized investment strategies. Summitry has its sights set on becoming the most-admired firm in the marketplace and the most-admired workplace for our team. Learn more about Summitry.
By Business Wire
November 4, 2024
