Summit Financial Wealth Advisors, Llc
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 171278
· SEC file 801-79686
· Lafayette, LA
· WWW.SUMMIT-FINANCIAL.COM
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ADV data as of Jul 29, 2026
- Regulatory AUM
- $1.8B
- Discretionary
- $1.7B
- Clients
- 1,265
- Avg AUM / client
- $1.4M
- Accounts
- 3,011
- Employees
- 22
AUM over time
$360M
$1.8B
Dec 2013
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 29, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 940 | $418M | 23.3% |
| High net worth individuals | 268 | $1.2B | 65.1% |
| Pension and profit sharing plans | 21 | $91.0M | 5.06% |
| Charitable organizations | 5 | $13.2M | 0.74% |
| State or municipal government entities | 1 | $7.5M | 0.42% |
| Corporations and other businesses | 30 | $98.7M | 5.49% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Aries Marine Corporation 401(k) Plan Aries Marine Corporation | 2024 | |
| Specialty Management Services Of Ouachita, Llc 401(k) Plan Specialty Management Services Of Ouachita, Llc Dba Alli Management Sol | 2024 |
People (17)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| David Russell Daniel | Managing Partner | Apr 2014 (12y) | Less than 5% | |
| Michael Edward Pharr | Partner | CFP | Apr 2014 (12y) | Less than 5% |
| Suzette Broussard | Chief Compliance Officer/Partner | Apr 2014 (12y) | Less than 5% | |
| Todd Farrell Lambert | Partner | Apr 2014 (12y) | Less than 5% | |
| Charles Louis Ray | Partner | Oct 2014 (12y) | Less than 5% | |
| Lena Satge Ormond | Iar/Partner | Sep 2016 (10y) | Less than 5% | |
| Douglas William Daniel | Controller/Partner | Aug 2017 (9y) | Less than 5% | |
| Wesley Adam Gautreaux | Partner/Business Development | Sep 2020 (6y) | Less than 5% | |
| Alida Claire Villien | Registered representative | May 2014 (12y) | ||
| Toni C Crawford | Registered representative | May 2019 (7y) | ||
| Joel C Robideaux | Registered representative | Mar 2020 (6y) | ||
| Christopher Peavy Breaux | Registered representative | Jul 2022 (4y) | ||
| Paul Gerald Guidry | Registered representative | Oct 2022 (4y) | ||
| Catherine Anne Boudreaux | Registered representative | Jan 2024 (3y) | ||
| David Jerome Romagosa | Registered representative | CFP Chartered Financial Consultant | Apr 2025 (1y) | |
| James Houssiere Dupuis | Registered representative | Apr 2025 (1y) | ||
| Stephen Paul Hardey | Registered representative | Aug 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Focus Operating, Llc | Member (Manager) | Apr 2014 | A | 75% or more |
| Focus Financial Partners, Llc | Member | Jan 2007 | B | ≈ 56.25% – 100% via Focus Operating, Llc |
| Focus Financial Partners, Inc. | Member | Jul 2018 | B | ≈ 42.19% – 100% via Focus Financial Partners, Llc |
| Ferdinand Ffp Acquisition, Llc | Shareholder, Class A Common Stock | Aug 2023 | B | ≈ 31.64% – 100% via Focus Financial Partners, Inc. |
| Ferdinand Ffp Ultimate Holdings, Lp | Shareholder, Class B Common Stock | Aug 2023 | B | ≈ 31.64% – 100% via Focus Financial Partners, Inc. |
| Ferdinand Ffp Intermediate Holdings, Llc | Member | Aug 2023 | B | ≈ 23.73% – 100% via Ferdinand Ffp Acquisition, Llc |
| Ferdinand Ffp Parent, Inc. | Member | Aug 2023 | B | ≈ 17.8% – 100% via Ferdinand Ffp Intermediate Holdings, Llc |
| Cd&R Ferdinand Holdings, L.P. | Partner | Aug 2023 | B | ≈ 15.82% – 75% via Ferdinand Ffp Ultimate Holdings, Lp |
| Clayton, Dubilier & Rice Fund Xii, L.P. | Partner | Aug 2023 | B | ≈ 7.91% – 56.25% via Cd&R Ferdinand Holdings, L.P. |
| Cd&R Ferdinand Co Investor, L.P. | Partner | Aug 2023 | B | ≈ 3.96% – 37.5% via Cd&R Ferdinand Holdings, L.P. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Focus Financial Partners, Llc: 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Focus Financial Partners, Inc.: 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Ferdinand Ffp Acquisition, Llc: 75% – 100% of Focus Financial Partners, Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Ferdinand Ffp Ultimate Holdings, Lp: 75% – 100% of Focus Financial Partners, Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Ferdinand Ffp Intermediate Holdings, Llc: 75% – 100% of Ferdinand Ffp Acquisition, Llc × 75% – 100% of Focus Financial Partners, Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Ferdinand Ffp Parent, Inc.: 75% – 100% of Ferdinand Ffp Intermediate Holdings, Llc × 75% – 100% of Ferdinand Ffp Acquisition, Llc × 75% – 100% of Focus Financial Partners, Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Cd&R Ferdinand Holdings, L.P.: 50% – 75% of Ferdinand Ffp Ultimate Holdings, Lp × 75% – 100% of Focus Financial Partners, Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 15.82% – 75% of the firm
- Clayton, Dubilier & Rice Fund Xii, L.P.: 50% – 75% of Cd&R Ferdinand Holdings, L.P. × 50% – 75% of Ferdinand Ffp Ultimate Holdings, Lp × 75% – 100% of Focus Financial Partners, Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 7.91% – 56.25% of the firm
- Cd&R Ferdinand Co Investor, L.P.: 25% – 50% of Cd&R Ferdinand Holdings, L.P. × 50% – 75% of Ferdinand Ffp Ultimate Holdings, Lp × 75% – 100% of Focus Financial Partners, Inc. × 75% – 100% of Focus Financial Partners, Llc × 75% – 100% of Focus Operating, Llc × 75% – 100% direct ≈ 3.96% – 37.5% 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.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Aries Marine Corporation 401(k) Plan | Aries Marine Corporation | 100 | $9.6M | 01/01/2024 |
| Specialty Management Services Of Ouachita, Llc 401(k) Plan | Specialty Management Services Of Ouachita, Llc Dba Alli Management Sol | 188 | $17.3M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/10/2026 | 1 MB | 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
- • Pension consulting services
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $1.6B (88% of AUM) Mar 2026
- First Clearing, Llc $475M (53% of AUM) Oct 2019
- Wells Fargo $363M (36% of AUM) Feb 2022
- Pershing $345M (28% of AUM) Oct 2023
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 29, 2026.
View current Form ADV (SEC/IAPD) ↗