Summit Trail Advisors, LLC
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Learn more about Summit Trail Advisors, LLC
Overview
Summit Trail Advisors, LLC operates as a financial advisor company headquartered in New York, New York. It handles $14.5 billion in assets under management across 4,953 client accounts, making it one of the largest firms in the United States by assets under management (AUM). The firm has an average-sized team, including 27 financial advisors. Summit Trail Advisors, LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like bonds, options and stocks.
Summit Trail Advisors, LLC administers most of the firm's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell judgments for the client's account are made by a portfolio manager without needing the client's authorization. Summit Trail Advisors, LLC also administers 1,377 non-discretionary accounts with a total of $9.0 billion in assets under management. The company's typical account size is $2.9 million. The average advisor at Summit Trail Advisors, LLC administers about 183 client accounts.
The firm's headquarters is located at 2 Grand Central Tower, New York, New York 10017. The company is legally registered to provide services to clients across 33 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Summit Trail Advisors, LLC by the Numbers

$14.5 billion

93

4,953

$2.9 million
Products and Services
Summit Trail Advisors, LLC offers multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. However, Summit Trail Advisors, LLC did not provide financial planning services to any of its customers in the previous fiscal year. The company is engaged in selling products or offering services aside from investment advice to its clients. Summit Trail Advisors, LLC also has a number of financial industry affiliations, including with a broker-dealer or securities dealer.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees typically depend on the type of services offered. Fees charged by the firm likely include the following fee structures: asset-based, hourly or fixed. Summit Trail Advisors, LLC does participate in a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm does business with a broad range of customers. The company works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 4,953 clients, Summit Trail Advisors, LLC's largest client group by number of accounts is high net worth investors, although it also serves 1,064 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its accounts reside abroad.
- High-Net-Worth Individuals* - 56.24%
- Other Individuals - 16.65%
- Corporations - 21.93%
- Charitable Organizations - 5.18%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Summit Trail Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Summit Trail Advisors, LLC
Corte Madera, CA
New York, NY
New York, NY
New York, NY
New York, NY
New York, NY
New York, NY
New York, NY
Chicago, IL
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