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.
SEC-registered adviser
Sierra Summit Advisors LLC
Latest filing Feb 27, 2026
First filing on the tape Aug 24, 2023 · 9 filings
SEC status approved since Sep 21, 2023
RAUM
$781M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
91%
$710M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$260M
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$781M as of Feb 27, 2026
Jan 19, 2024$425M then
HNW client RAUM$710M as of Feb 27, 2026
Jan 19, 2024$382M then
State-registered IARs (5.B.3)3 as of Feb 27, 2026
Jan 19, 20240 then
Employees (5.A)7 as of Feb 27, 2026
Jan 19, 20245 then
Private funds: no history
RAUM +22% over the last fiscal yearIARs 3 to 3
Practice profile
derived from the filing of Feb 27, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $260MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 45derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.3MderivedHNW RAUM over HNW clients
- Average account
- $1.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 6.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +22%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +17%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$710M91%
- Charitable organizations$35.7M4.6%
- Corporations and businesses$19.2M2.5%
- Pension and profit-sharing plans$15.6M2.0%
- Individual clients
- 0reported
- HNW clients
- 135reported
- Pension plan clients
- 7reported
- Charitable clients
- 10reported
- Accounts
- 484reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.91 fund_share=0.0 institutional_share=0.07 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Chad Thomas WhiteleyChartered Financial Analyst | Incline Village, Nv | Mar 5, 2024 | 12 y | 1 |
| Alexander J SafChartered Financial Analyst | Incline Village, Nv | Mar 5, 2024 | 11 y | 1 |
| Thomas Eugene GroomsChartered Financial Analyst | Incline Village, Nv | Apr 3, 2024 | 16 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Thomas Eugene Grooms from Premier Asset Management LLCApr 3, 2024 · RIA to RIA
- Chad Thomas Whiteley from Innovis Asset Management LLCMar 5, 2024 · RIA to RIA
- Alexander J Saf from Innovis Asset Management LLCMar 5, 2024 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Eugene Thomas Grooms · Membercontrolsince 03/2024 · owns 10% to 25%
- Thomas Joseph Seminetta · Ccocontrolsince 08/2023 · owns less than 5%
- Marie Denise Seminetta · Trusteecontrolsince 12/2022 · owns 75% or more of Denise M Seminetta Trustee, 1st Restatement Of Declaration Of Trust U/T/D December 22, 2010
- Thomas Joseph Seminetta · Trusteecontrolsince 12/2010 · owns 75% or more of Joseph T Seminetta Trustee, 1st Restatement Of Declaration Of Trust U/T/D December 22, 2010
- Thomas Chad Whiteley · Membersince 01/2024 · owns 10% to 25%
Entity owners
- Denise M Seminetta Trustee, 1st Restatement Of Declaration Of Trust U/T/D December 22, 2010 · Memberdirect · owns 25% to 50%
- Joseph T Seminetta Trustee, 1st Restatement Of Declaration Of Trust U/T/D December 22, 2010 · Memberdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- Innovis Asset Management LLCinvestment advisernRAUM $1.8M
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Chicago, Il | 3 | 0 | 0 | ||
| Incline Village, Nv | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Chicago, IL2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- business activity changedChange between filings · filing Feb 27, 2026selection of other advisers (Item 5.G.7): no on the filing of 2026-01-20, yes on the filing of 2026-02-27peers: independent wealth managers, $500M to $1B (1,483)
What changed
consecutive filings, newest first
- Accounts · 401 to 484Jan 20, 2026 to Feb 27, 2026
- Advisory employees · 4 to 5Jan 20, 2026 to Feb 27, 2026
- Advisory activities · 3 to 4Jan 20, 2026 to Feb 27, 2026
- Charity clients · 7 to 10Jan 20, 2026 to Feb 27, 2026
- Corporate clients · unset to 6.0Jan 20, 2026 to Feb 27, 2026
- HNW clients · 115 to 135Jan 20, 2026 to Feb 27, 2026
- Financial planning clients · 26-50 to 51-100Jan 20, 2026 to Feb 27, 2026
- Discretionary RAUM · $635M to $778MJan 20, 2026 to Feb 27, 2026
- HNW RAUM · $580M to $710MJan 20, 2026 to Feb 27, 2026
- Non-discretionary RAUM · $2.8M to $3.3MJan 20, 2026 to Feb 27, 2026
- Pension RAUM · $13.5M to $15.6MJan 20, 2026 to Feb 27, 2026
- RAUM · $638M to $781MJan 20, 2026 to Feb 27, 2026
- Advisory activities · 4 to 3Mar 27, 2025 to Jan 20, 2026
- Insurance-licensed employees · 1 to 0Mar 27, 2025 to Jan 20, 2026
- Accounts · 276 to 401Jan 8, 2025 to Mar 27, 2025
- Advisory employees · 3 to 4Jan 8, 2025 to Mar 27, 2025
- Advisory activities · 3 to 4Jan 8, 2025 to Mar 27, 2025
- HNW clients · 82 to 115Jan 8, 2025 to Mar 27, 2025
- Pension plan clients · 4 to 7Jan 8, 2025 to Mar 27, 2025
- Assets in custody · 425000000.0 to unsetJan 8, 2025 to Mar 27, 2025
- Custody of client assets · true to falseJan 8, 2025 to Mar 27, 2025
- Employees · 5 to 7Jan 8, 2025 to Mar 27, 2025
- Insurance-licensed employees · 2 to 1Jan 8, 2025 to Mar 27, 2025
- Financial planning clients · 1-10 to 26-50Jan 8, 2025 to Mar 27, 2025
- State-registered IARs · 0 to 3Jan 8, 2025 to Mar 27, 2025
- Discretionary RAUM · $423M to $635MJan 8, 2025 to Mar 27, 2025
- HNW RAUM · $382M to $580MJan 8, 2025 to Mar 27, 2025
- Non-discretionary RAUM · $2.3M to $2.8MJan 8, 2025 to Mar 27, 2025
- Pension RAUM · $9.5M to $13.5MJan 8, 2025 to Mar 27, 2025
- RAUM · $425M to $638MJan 8, 2025 to Mar 27, 2025
- HQ city · unset to Jun 6, 2024 to Jan 8, 2025
- HQ state · unset to Jun 6, 2024 to Jan 8, 2025
- Accounts · 0 to 276Aug 31, 2023 to Jan 19, 2024
- Advisory employees · 1 to 3Aug 31, 2023 to Jan 19, 2024
- Advisory activities · 4 to 3Aug 31, 2023 to Jan 19, 2024
- Charity clients · 0 to 7Aug 31, 2023 to Jan 19, 2024
- Corporate clients · 0.0 to unsetAug 31, 2023 to Jan 19, 2024
- HNW clients · 0 to 82Aug 31, 2023 to Jan 19, 2024
- Pension plan clients · 0 to 4Aug 31, 2023 to Jan 19, 2024
- Assets in custody · unset to 425000000.0Aug 31, 2023 to Jan 19, 2024
Signals
3 dated events
- Sierra Summit Advisors Llc reported RAUM $637.6M, up 50% from $425.0M (2025-01-08 to 2025-03-27)Mar 27, 2025 · RAUM change · derived
- Eugene Thomas Grooms (Member) appeared on Schedule A of Sierra Summit Advisors LlcJun 5, 2024 · Control person joined · fact
- Sierra Summit Advisors Llc filed its initial SEC registration (Form ADV)Aug 24, 2023 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Website
- sierrasummitadvisors.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 847-652-5070reportedpublic record, Form ADV, Feb 27, 2026
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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $260Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026