DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Summit Financial Group Inc

Former SEC-registered adviserBoca Raton, FloridaCRD 109485SEC 801-56645IAPD
Latest filing Apr 13, 2021
First filing on the tape Mar 30, 2012 · 51 filings
RAUM
$4.5B
reported, Item 5.F
Discretionary
51%
of RAUM
Private clients
97%
$4.4B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
324
294 advisory (5.B.1)
Offices
237
beyond the principal office
Private funds
0
reported on Schedule D
History
51 filings and snapshots on the tape
RAUM$4.5B as of Mar 30, 2021
Mar 30, 2012$988M then
HNW client RAUM$1.5B as of Mar 30, 2021
Mar 30, 2018$1.7B then
State-registered IARs (5.B.3)324 as of Mar 30, 2021
Mar 28, 20133 then
Employees (5.A)324 as of Mar 30, 2021
Mar 28, 201360 then
Private funds: no history
RAUM +26% over the last fiscal year+11% a year over threeIARs 342 to 324
Practice profile
derived from the filing of Apr 13, 2021; every figure names its basis
RAUM per advisor
$14.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
55derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$850,907derivedHNW RAUM over HNW clients
Average account
$248,678derivedRAUM over accounts (5.F.2.f)
Discretionary
51%derivedof RAUM
Institutional
2.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.4derived238 offices incl. principal (1.F.5)
RAUM growth, one year
+26%derivedbetween the last two annual amendments
Advisor growth, one year
-5.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
+11%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Wrap fee program
$1.8BreportedItem 5.I
Ownership
controlled by a public reporting companyderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client securities (9.B.1.b)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$2.9B63%
  • High-net-worth individuals$1.5B33%
  • Pension and profit-sharing plans$58.4M1.3%
  • Corporations and businesses$55.1M1.2%
  • Charitable organizations$36.9M0.8%
Individual clients
16,198reported
HNW clients
1,780reported
Pension plan clients
138reported
Charitable clients
40reported
Accounts
18,220reported
Financial planning clients
251-500reported
Wrap fee programs
$829M sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Joseph Timothy Bowman · Principal Financial Officercontrol
    since 04/2021 · owns less than 5%
  • Gregory Matthew Bregozzo · Advisory Chief Compliance Officercontrol
    since 10/2018 · owns less than 5%
  • Lamar Brett Harrison · Directorcontrol
    since 07/2016 · owns less than 5%
  • Craig Steven Jacobs · Vice Presidentcontrol
    since 08/2003 · owns less than 5%
  • Todd Marshall Leeds · Chief Executive Officer, Directorcontrol
    since 08/2003 · owns less than 5%
  • Daniel Joseph Neary · Directorcontrol
    since 10/2016 · owns less than 5%
  • Alan Gregory Olson · Assistant Secretarycontrol
    since 10/2016 · owns less than 5%
  • Robert Stanley Smiley · Vice Presidentcontrol
    since 10/2016 · owns less than 5%
Entity owners
  • Summit Brokerage Services, Inc. · Sole Shareholder
    direct · owns 75% or more
  • Aretec Group, Inc. · Shareholder; 100% Of Common Stock
    indirect · owns 75% or more of Summit Financial Services Group, Inc.
  • Summit Financial Services Group, Inc. · Holding Company
    indirect · owns 75% or more of Summit Brokerage Services, Inc.
Related persons
Schedule D 7.A
Advisers that list Summit Financial Group Inc as a related person
Offices
Schedule D 1.F, the 25 largest
  • Honolulu, HI10 employees
  • Greensboro, NC6 employees
  • Clemmons, NC5 employees
  • Annapolis, MD5 employees
  • Greenwood Village, CO5 employees
  • Ft Lauderdale, FL5 employees
  • Scottsdale, AZ4 employees
  • Grandville, MI4 employees
  • Hanover, PA4 employees
  • Shorewood, IL4 employees
  • Marble Falls, TX4 employees
  • Sarasota, FL3 employees
  • North Kansas City, MO3 employees
  • Johnston, IA3 employees
  • Fairmont, WV3 employees
  • West Minster, CO3 employees
  • Brighton, MI2 employees
  • Wheeling, WV2 employees
  • Fenton, MI2 employees
  • Fort Myers, FL2 employees
  • Pleasant Hill, CA2 employees
  • Boca Raton, FL2 employees
  • Oakhurst, NJ2 employees
  • Kirkwood, MO2 employees
  • St Charles, IL2 employees
What changed
consecutive filings, newest first
  • Accounts · 16,426 to 18,220
    Dec 21, 2020 to Mar 30, 2021
  • Advisory employees · 321 to 294
    Dec 21, 2020 to Mar 30, 2021
  • BD registered reps · 342 to 324
    Dec 21, 2020 to Mar 30, 2021
  • Charity clients · 36 to 40
    Dec 21, 2020 to Mar 30, 2021
  • Corporate clients · 60 to 64
    Dec 21, 2020 to Mar 30, 2021
  • HNW clients · 1,226 to 1,780
    Dec 21, 2020 to Mar 30, 2021
  • Individual clients · 14,997 to 16,198
    Dec 21, 2020 to Mar 30, 2021
  • Pension plan clients · 107 to 138
    Dec 21, 2020 to Mar 30, 2021
  • Employees · 342 to 324
    Dec 21, 2020 to Mar 30, 2021
  • Insurance-licensed employees · 43 to 11
    Dec 21, 2020 to Mar 30, 2021
  • State-registered IARs · 342 to 324
    Dec 21, 2020 to Mar 30, 2021
  • Discretionary RAUM · $1.2B to $2.3B
    Dec 21, 2020 to Mar 30, 2021
  • HNW RAUM · $937M to $1.5B
    Dec 21, 2020 to Mar 30, 2021
  • Individual RAUM · $2.5B to $2.9B
    Dec 21, 2020 to Mar 30, 2021
  • Non-discretionary RAUM · $2.4B to $2.2B
    Dec 21, 2020 to Mar 30, 2021
  • Pension RAUM · $42.5M to $58.4M
    Dec 21, 2020 to Mar 30, 2021
  • RAUM · $3.6B to $4.5B
    Dec 21, 2020 to Mar 30, 2021
  • Wrap assets (sponsor) · $688M to $829M
    Dec 21, 2020 to Mar 30, 2021
  • Accounts · 15,944 to 16,426
    Oct 28, 2019 to Mar 28, 2020
  • BD registered reps · 345 to 342
    Oct 28, 2019 to Mar 28, 2020
  • Charity clients · 22 to 36
    Oct 28, 2019 to Mar 28, 2020
  • Corporate clients · 82 to 60
    Oct 28, 2019 to Mar 28, 2020
  • HNW clients · 992 to 1,226
    Oct 28, 2019 to Mar 28, 2020
  • Individual clients · 14,695 to 14,997
    Oct 28, 2019 to Mar 28, 2020
  • Pension plan clients · 153 to 107
    Oct 28, 2019 to Mar 28, 2020
  • Employees · 353 to 342
    Oct 28, 2019 to Mar 28, 2020
  • Insurance-licensed employees · 28 to 43
    Oct 28, 2019 to Mar 28, 2020
  • State-registered IARs · 353 to 342
    Oct 28, 2019 to Mar 28, 2020
  • Other offices · 244 to 237
    Oct 28, 2019 to Mar 28, 2020
  • Discretionary RAUM · $916M to $1.2B
    Oct 28, 2019 to Mar 28, 2020
  • HNW RAUM · $741M to $937M
    Oct 28, 2019 to Mar 28, 2020
  • Individual RAUM · $2.0B to $2.5B
    Oct 28, 2019 to Mar 28, 2020
  • Non-discretionary RAUM · $2.0B to $2.4B
    Oct 28, 2019 to Mar 28, 2020
  • Pension RAUM · $48.6M to $42.5M
    Oct 28, 2019 to Mar 28, 2020
  • RAUM · $2.9B to $3.6B
    Oct 28, 2019 to Mar 28, 2020
  • Wrap assets (sponsor) · $456M to $688M
    Oct 28, 2019 to Mar 28, 2020
  • Accounts · 14,864 to 15,944
    Jan 4, 2019 to Mar 29, 2019
  • Advisory employees · 337 to 321
    Jan 4, 2019 to Mar 29, 2019
  • BD registered reps · 373 to 345
    Jan 4, 2019 to Mar 29, 2019
  • Charity clients · 32 to 22
    Jan 4, 2019 to Mar 29, 2019
Signals
10 dated events
  • Joseph Timothy Bowman (Principal Financial Officer) appeared on Schedule A of Summit Financial Group Inc
    Apr 13, 2021 · Control person joined · fact
  • Robert Theodore Horwith (Principal Financial Officer) no longer on Schedule A of Summit Financial Group Inc (listed 2021-03-30, absent 2021-04-13)
    Apr 13, 2021 · Control person left · inference
  • Summit Financial Group Inc reported RAUM $4.5B, up 26% from $3.6B (2020-12-21 to 2021-03-30)
    Mar 30, 2021 · RAUM change · derived
  • Robert Theodore Horwith (Principal Financial Officer) appeared on Schedule A of Summit Financial Group Inc
    Dec 21, 2020 · Control person joined · fact
  • Paul Mark Shelson (Treasurer) no longer on Schedule A of Summit Financial Group Inc (listed 2020-12-17, absent 2020-12-21)
    Dec 21, 2020 · Control person left · inference
  • Summit Financial Group Inc reported 237 offices beyond its principal office, down from 244 (2019-10-28 to 2020-03-28)
    Mar 28, 2020 · Office count change · derived
  • Summit Financial Group Inc reported 244 offices beyond its principal office, down from 260 (2019-01-04 to 2019-03-29)
    Mar 29, 2019 · Office count change · derived
  • Nicole Ariana Monchick (Chief Compliance Officer, Secretary) no longer on Schedule A of Summit Financial Group Inc (listed 2018-10-19, absent 2019-01-04)
    Jan 4, 2019 · Control person left · inference
  • Gregory Matthew Bregozzo (Advisory Chief Compliance Officer) appeared on Schedule A of Summit Financial Group Inc
    Jan 4, 2019 · Control person joined · fact
  • Summit Financial Group Inc reported 260 offices beyond its principal office, down from 300 (2017-12-14 to 2018-03-29)
    Mar 29, 2018 · Office count change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026