AUMdb

Summit Trail Advisors, Llc

SEC-registered Insurance-Affiliated · Large ($10B–$100B) CRD 220519 · SEC file 801-99352 · New York, NY · SUMMITTRAIL.COM
☆ Save with Pro ADV data as of May 26, 2026
Regulatory AUM
$19.9B
Discretionary
$11.1B
Clients
742
Avg AUM / client
$26.9M
Accounts
9,778
Employees
94

AUM over time

$0 $26.2B
May 2015 May 2026

Annual snapshots from Form ADV filings · as of May 26, 2026

Asset allocation (SMA assets by investment type)

as of May 26, 2026
Exchange-traded equities
$7.8B 39%
Pooled investment vehicles
$7.8B 39%
Registered investment companies (funds/ETFs)
$1.8B 9%
State & local bonds
$1.2B 6%
Cash & equivalents
$798M 4%
Sovereign bonds
$199M 1%
Investment-grade corporate bonds
$199M 1%
Other
$199M 1%

Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.

Who they serve

Client typeClientsAUM% of AUM
Individuals (non-high net worth) 51 $194M 0.97%
High net worth individuals 588 $16.3B 81.9%
Pension and profit sharing plans 38 $16.1M 0.08%
Charitable organizations 9 $925M 4.64%
Corporations and other businesses 56 $2.5B 12.4%

Private funds (19)

View all →

Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $1.8B combined gross assets

FundTypeDomicileGross assetsOwners
Ascent Arbitrage Fund Hedge Fund Delaware $450M 333
Ascent Event Driven Fund Hedge Fund New York $202M 218
Ascent Private Real Assets Fund, L.P Hedge Fund Delaware $183M 182
Ascent Emerging Markets Fund, Lp Hedge Fund Delaware $158M 216
International Value Equity Fund, A Series Of Ascent Global Access Partnership I, L.P. Hedge Fund Delaware $156M 143
Ascent Private Investment Fund Ii, L.P. Hedge Fund Delaware $133M 149
Ascent Private Real Assets Lending Fund, L.P. Real Estate Fund Delaware $92.6M 145
Ascent Focused Equity Lp Hedge Fund Delaware $84.8M 112
Ascent Private Investment Fund, L.P. Private Equity Fund New York $81.4M 286
International Growth Equity Fund, A Series Of Ascent Global Access Partnership I, L.P. Hedge Fund Delaware $81.3M 153
Ascent Private Investment Fund Iii, L.P. Private Equity Fund Delaware $71.1M 149
New Mountain Group Other Private Fund Delaware $30.0M 1
Mnv Capital Investment, Llc Other Private Fund Delaware $30.0M 1
Horizon Opportunities Fund, A Series Of Ascent Global Access Partnership Ii, L.P. Hedge Fund Delaware $28.5M 28
Ascent Private Co Investment Fund Iii, L.P. Private Equity Fund Delaware $23.5M 112

People (31)

roster as of Jul 20, 2026
NameRole / titleCredentialsWith firm sinceOwnership
David Wade Romhilt Chief Investment Officer CFA Jul 2015 (11y) Less than 5%
Jack Barry Petersen Manager/Member Jul 2015 (11y) Less than 5%
Erigo, Joseph Chief Compliance Officer Sep 2024 (2y) Less than 5%
Peter Christopher Lee Registered representative Jul 2015 (11y)
Thomas Peter Palecek Registered representative Jul 2015 (11y)
Daniela Pedley Registered representative Aug 2015 (11y)
Jerome D Lucas Registered representative Oct 2015 (11y)
Michael Charles Cohen Registered representative Oct 2015 (11y)
Megan Sclafani Vacca Registered representative Oct 2015 (11y)
Peter C. Gambee Registered representative Oct 2015 (11y)
Lauren Sardina Cosulich Registered representative Oct 2015 (11y)
Benjamin Paul Johnson Registered representative Aug 2016 (10y)
Michelle Walker Rudd Registered representative Jul 2019 (7y)
Kevin Charles Curtis Registered representative CFP Aug 2019 (7y)
Jonathan Douglas Williams Registered representative Aug 2019 (7y)
Jonathan Louis Nickow Registered representative CFP CFA Feb 2021 (5y)
Danielle Patricia Mchugh Registered representative Jul 2021 (5y)
Seth Aaron Katz Registered representative Sep 2021 (5y)
Jonathan Wilson Registered representative Dec 2022 (4y)
Robert Andres Homar Lopez Registered representative Feb 2024 (2y)
Dimitre Ivanov Registered representative Apr 2024 (2y)
Danielle Rae Louton Registered representative CFP Apr 2024 (2y)
Matthew Fielding Marsh Registered representative CFP May 2024 (2y)
Shima Salehi Registered representative CFP May 2024 (2y)
Paul Damien Hoskin Registered representative CFP Aug 2024 (2y)
Jose Alberto Reynoso Registered representative May 2025 (1y)
Jonathan Stephen Powell Registered representative CFA Jun 2025 (1y)
Lawrence Aloysius Whipple Registered representative Dec 2025 (1y)
Jerome C Deren Registered representative Jan 2026 (1y)
John William Scarborough Registered representative Jan 2026 (1y)
David Ryan Hultman Registered representative Feb 2026 (0y)

Entity owners (Schedule A/B)

EntityTitle / statusSinceSch.Ownership
Summit Trail Holdings, Llc Member Jan 2020 A 75% or more
Kilo Summit Trail, Llc Member Jan 2018 A 5% – 10%
Cedar Kilo Trust Member Jan 2018 B ≈ 1.25% – 5% via Kilo Summit Trail, Llc
Magnolia Kilo Trust Member Jan 2018 B ≈ 1.25% – 5% via Kilo Summit Trail, Llc
Redwood Kilo Trust Member Jan 2018 B ≈ 1.25% – 5% via Kilo Summit Trail, Llc

Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

  • Cedar Kilo Trust: 25% – 50% of Kilo Summit Trail, Llc × 5% – 10% direct ≈ 1.25% – 5% of the firm
  • Magnolia Kilo Trust: 25% – 50% of Kilo Summit Trail, Llc × 5% – 10% direct ≈ 1.25% – 5% of the firm
  • Redwood Kilo Trust: 25% – 50% of Kilo Summit Trail, Llc × 5% – 10% direct ≈ 1.25% – 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.

Private funds (19, $1.8B gross assets)

FundTypeGross assetsMin. investmentOwners
Ascent Arbitrage Fund Hedge Fund $450M $250K 333
Ascent Event Driven Fund Hedge Fund $202M $250K 218
Ascent Private Real Assets Fund, L.P Hedge Fund $183M $250K 182
Ascent Emerging Markets Fund, Lp Hedge Fund $158M $250K 216
International Value Equity Fund, A Series Of Ascent Global Access Partnership I, L.P. Hedge Fund $156M $250K 143
Ascent Private Investment Fund Ii, L.P. Hedge Fund $133M $250K 149
Ascent Private Real Assets Lending Fund, L.P. Real Estate Fund $92.6M $100K 145
Ascent Focused Equity Lp Hedge Fund $84.8M $250K 112
Ascent Private Investment Fund, L.P. Private Equity Fund $81.4M $250K 286
International Growth Equity Fund, A Series Of Ascent Global Access Partnership I, L.P. Hedge Fund $81.3M $250K 153
Ascent Private Investment Fund Iii, L.P. Private Equity Fund $71.1M $250K 149
New Mountain Group Other Private Fund $30.0M $500K 1
Mnv Capital Investment, Llc Other Private Fund $30.0M $500K 1
Horizon Opportunities Fund, A Series Of Ascent Global Access Partnership Ii, L.P. Hedge Fund $28.5M $100K 28
Ascent Private Co Investment Fund Iii, L.P. Private Equity Fund $23.5M $100K 112
Ascent Private Co Investment Fund Ii, L.P. Private Equity Fund $12.3M $100K 85
Ascent Private Co Investment Fund I, L.P. Private Equity Fund $11.9M $250K 48
Hsb Family Life Llc Other Private Fund $10.0M $500K 1
Zmb & Zwb Life Llc Other Private Fund $10.0M $500K 1

From Form ADV Section 7.B private fund reporting.

Documents (1 archived)

FormPeriodSize
Form ADV (full filing) 05/26/2026 3.94 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
  • Performance-based fees

Services

  • Financial planning services
  • Portfolio management for individuals/small businesses
  • Portfolio management for businesses/institutional clients
  • Pension consulting services
  • Selection of other advisers
  • Other services

Custody

Reported custodians

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: May 26, 2026.

View current Form ADV (SEC/IAPD) ↗