On September 24, 2024, Summit Financial Holdings announced its partnership with BFG Wealth and Canon Capital Wealth Management.
Summit Financial Holdings (“Summit”) announced that it formed a partnership with BFG Wealth (“BFG”) and Canon Capital Wealth Management (“Canon”) where advisors from BFG and Canon joined Summit after Summit made strategic investments in both firms. Both BFG and Canon teams will remain in place following the transaction. Further terms of the deals were not disclosed.
Summit, based in Parsippany, New Jersey, is a registered investment advisor with several affiliated firms including Summit Financial, Summit Risk Management, Summit Advisory Services, Summit Services IT, and Summit Growth Partners. As of October 2023, Summit had approximately $2.5 billion in assets under management.
BFG, based in Edmond, Oklahoma, is a financial planning firm that provides financial planning services in retirement, estate, business planning, and private market investments. BFG manages $190 million in client assets.
Canon, based in Harleysville, Pennsylvania is a wealth management firm that provides estate planning, financial planning, investments, insurance, and business consulting services. Canon manages over $280 million in client assets.
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