Summit Capital Inc.
- Regulatory AUM
- $177M
- Discretionary
- $177M
- Clients
- 196
- Avg AUM / client
- $901K
- Accounts
- 196
- Employees
- 3
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 119 | $66.5M | 37.7% |
| High net worth individuals | 74 | $109M | 61.5% |
| Pension and profit sharing plans | 3 | $1.5M | 0.86% |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Onorato, James | President And Chief Compliance Officer | Sep 1997 (29y) | 75% or more | |
| David Michael Yormick | Vice President | Mar 2021 (5y) | Less than 5% | |
| Michael Wayne Kelley | Registered representative | CFP | Mar 2026 (0y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.39 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: REVOCATION OF INVESTMENT ADVISOR REGISTRATION LED TO INSURANCE LICENSE REVOCATION PROCEDURES Status: Final Sanction Detail: REVOCATION OF OHIO INSURANCE LICENSE. Summary: REVOCATION OF OHIO INSURANCE LICENSE ISSUED.
Allegations: MR. FRIEDMAN SOLD 35 UNREGISTERED PROMISSORY NOTES FROM NOVEMBER 1997 TO JUNE 1998. THIS ACTIVITY WAS NOT APPROVED BY HIS NASD BROKER DEALER EMPLOYER. Status: Final Sanction Detail: REVOCATION OF OHIO INVESTMENT ADVISOR REPRESENTATIVE LICENSE ISSUED. CEASE AND DESIST ORDER. Summary: REVOCATION OF OHIO INVESTMENT ADVISOR REPRESENTATIVE LICENSE ISSUED. CEASE AND DESIST ORDER ISSUED.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Publication of periodicals or newsletters
Custody
Reported custodians
- Charles Schwab & Co. $177M (100% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗