Summit Investment Advisory Services, Llc
- Regulatory AUM
- $746M
- Discretionary
- $740M
- Clients
- 1,075
- Avg AUM / client
- $694K
- Accounts
- 2,466
- Employees
- 11
AUM over time
Annual snapshots from Form ADV filings · as of Jul 22, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 755 | $300M | 40.2% |
| High net worth individuals | 320 | $445M | 59.7% |
| Corporations and other businesses | Fewer than 5 clients | $459K | 0.06% |
People (8)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Sean Patrick Mcdermott | Ceo/President | CFP | Sep 2013 (13y) | ≈ 42.19% – 100% via Summit Advisors, Inc. |
| Russell David Rogers | Chief Compliance Officer | CFP | Feb 2015 (12y) | Less than 5% |
| Joel Michael Budd | Registered representative | May 2014 (12y) | ||
| Scott Edward Caskey | Registered representative | CFP | Dec 2017 (9y) | |
| Brian Jeremy Carlson | Registered representative | CFP | Nov 2020 (6y) | |
| Emerson D Grovender | Registered representative | Sep 2025 (1y) | ||
| Samantha Lynn Beavens | Registered representative | Oct 2025 (1y) | ||
| Jack R Schwartz | Registered representative | Dec 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Summit Advisors Holdco, Llc | Holding Company | Dec 2021 | A | 75% or more |
| Summit Advisors, Inc. | Managing Member | Dec 2021 | B | ≈ 56.25% – 100% via Summit Advisors Holdco, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Sean Patrick Mcdermott: 75% – 100% of Summit Advisors, Inc. × 75% – 100% of Summit Advisors Holdco, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Summit Advisors, Inc.: 75% – 100% of Summit Advisors Holdco, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
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) | 02/17/2026 | 994 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Selection of other advisers
Custody
Reported custodians
- LPL Financial $746M (100% of AUM) Feb 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having 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: Jul 22, 2026.
View current Form ADV (SEC/IAPD) ↗