On December 18, 2024, Summit Financial, LLC announced its minority investment in Gordon Asset Management.
Summit Financial, LLC (“Summit”) announced, on December 18, 2024, its minority investment in Gordon Asset Management (“Gordon”). Gordon will continue to operate with its original leadership and core team. Further terms of the transaction were not disclosed.
Summit, based in Parsippany, New Jersey, is a registered investment advisor specializing in advanced financial planning, investment management and insurance services. As of December 2024, Summit had approximately $11.5 billion in regulatory assets under management.
Gordon, based in Durham, North Carolina, is a financial planner with a focus on 401(k) and other retirement plans. As of the closing, Gordon had approximately $220 million in assets under management, as well as approximately $1.1 billion in qualified plan assets.
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