Summit Global Investments, LLC

CRD#157091
Investment Advisor Firm

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Learn more about Summit Global Investments, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Summit Global Investments, LLC is located at 620 South Main Street, Bountiful, UT. The firm employs 15 financial advisors to manage client portfolios and provide financial guidance. Summit Global Investments, LLC is not a registered broker-dealer.

    Summit Global Investments, LLC oversees $2.0 billion in assets under management across 6,110 accounts, of which 6,010 are discretionary and 100 are non-discretionary. Over the past year, the firm has provided financial planning services to between 1 and 10 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and other services. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, charitable organizations, corporations, and other types of investors, with retail investors being the largest client type by accounts. The fee structure at Summit Global Investments, LLC includes asset-based, hourly, and performance-based fees. The firm has 187 high net worth clients and maintains affiliations with a commodity pool advisor.

    Summit Global Investments, LLC is registered in the states of Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming.

    Assets Under Management

    $2.0 billion

    Number of Advisors

    15

    Disclosures

    No

    Office Location

    620 South Main Street
    Bountiful, UT 84010

    Summit Global Investments, LLC by the Numbers

    Total Assets Under Management

    $2.0 billion

    National Average: $8.6 billion
    Total Number of Employees

    32

    National Average: 64
    Total Number of Accounts

    6,110

    National Average: 375,227
    Average Account Size

    $332.1 thousand

    National Average: $23.0 thousand
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    Products and Services

    Summit Global Investments, LLC provides a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and other services. In the past financial year, Summit Global Investments, LLC provided 45301 of its accounts with financial planning services. The Company does not sell products or offer services apart from investment advisory services to its investment advisory accounts.

    Core Advisor Services

    • 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.

    • 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.

    • Find a firm that offers this service

      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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    Fee Structure

    Financial advisory fees usually vary depending on which service is provided. Fees charged by Summit Global Investments, LLC most likely consist of any blend of the following fee types: asset-based, hourly, or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Summit Global Investments, LLC.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm manages money for a broad range of clients. The firm provides services to retail investors, high net worth investors, investment companies, pooled investment vehicles, charitable organizations, corporations, and other. Out of its 7 clients, Summit Global Investments, LLC's largest client type by number of accounts is investment companies, though it also caters to 187 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 3%
    • Other Individuals - 96.3%
    • Corporations - 0.69%
    • Charitable Organizations - 0.02%

    * 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 Global Investments, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Summit Global Investments, LLC

    Colby Haupt
    Bountiful, UT
    Nathan Driggs
    Bountiful, UT
    Louis Stradling
    Bountiful, UT
    Kendra Jablonski
    Bountiful, UT
    Aash Shah
    Bountiful, UT
    Robin Kaukonen
    Bountiful, UT
    Adam Clark
    Bountiful, UT
    Michelle Casulo
    Bountiful, UT
    Jacob Molnar
    Clinton, UT

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