Merchant and Summit to Make Strategic Investment in Fieldpoint


January 27, 2022

On January 10, 2022, it was announced that Merchant Investment Management, LLC and Summit Financial Holdings will acquire Fieldpoint Private’s investment advisory unit.

Under the terms of the transaction, Merchant Investment Management, LLC (“Merchant”) and Summit Financial Holdings (“Summit”) will acquire the investment advisory unit of Fieldpoint Private (“Fieldpoint”). The partnership will deliver Fieldpoint’s banking capabilities through the Summit advisor services platform, SummitVantage™. Further terms of the deal were not disclosed.

Merchant, based in New York, is a private partnership providing growth capital, management resources, strategic opportunities and advice to independent financial services companies

Summit, based in Parsippany, New Jersey, is a registered investment advisor with several affiliated firms including Summit Financial, LLC, Summit Risk Management, LLC, Summit Advisory Services, LLC, Summit Services IT, LLC, and Summit Growth Partners, LLC

Fieldpoint, based in Greenwich, Connecticut, provides confidential and personalized wealth planning and private banking services. Fieldpoint has approximately $1 billion in bank assets and approximately $5.1 billion in wealth management assets.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.