On December 4, 2025, Summit Financial announced that it acquired a minority stake in Ivy Wealth Management.
Summit Financial (“Summit”) announced, on December 4, 2025, that it acquired a minority stake in Ivy Wealth Management (“Ivy”). Under the terms of the deal, Ivy will retain its leadership and core teams. Further terms of the transaction were not disclosed.
Summit, based in Parsippany, New Jersey, is a registered investment advisor that specializes in advanced financial planning, investment management and insurance services, as well as providing a platform service business. Summit has over $25 billion in total assets.
Ivy, based in West Warwick, Rhode Island, is a registered investment advisor offering financial services in retirement, investment, estate, insurance, tax, and lifestyle planning. Ivy has approximately $500 million in client assets.
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