Summit Financial to Launch Summit Growth Partners


March 11, 2021

On January 21, 2021, Summit Financial Holdings, LLC announced its partnership with Merchant Investment Management, LLC to launch Summit Growth Partners, a vehicle for minority investments.

Under the terms of the transaction, Summit Financial Holdings, LLC (“Summit”) partnered with Merchant Investment Management, LLC (“Merchant”) to launch Summit Growth Partners (“SGP”). SGP will invest in established registered investment advisors and breakaway advisors. Further terms of the deal were not disclosed.

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. Summit has approximately $3.4 billion in assets under management.

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

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.