Summit Partners, L.P
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Overview
Summit Partners, L.P operates as a financial advisor company headquartered in Boston, Massachusetts. Summit Partners, L.P oversees $31.8 billion in total assets over 71 client accounts, placing it among the biggest firms in the United States by assets under management (AUM). The company has a large group, including 114 financial advisors. Summit Partners, L.P does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets such as bonds, options and equities.
Summit Partners, L.P manages all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor makes buy and sell decisions for the client's account without requiring the customer's approval. The company's typical account size is $447.9 million. An average advisor at Summit Partners, L.P administers fewer than one client account, making it one of the most personalized advisor firms in the country.
Summit Partners, L.P's main office is located at 222 Berkeley Street, Boston, Massachusetts 02116-3748. Summit Partners, L.P is legally allowed to provide services to investors throughout a few states, including California, Massachusetts and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Summit Partners, L.P by the Numbers
$31.8 billion
179
71
$447.9 million
Fee Structure
A financial advisor's fees typically depend on the services provided. Fees billed by the company most likely consist of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to pooled investment vehicles. Out of its 71 customers, Summit Partners, L.P's largest client is pooled investment vehicles. About 28% of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* 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 Partners, L.P does not have any disclosures.
Please visit its Form ADV for more details.
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