{"url":"https://nivawealth.com/firms/summa-113091","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/113091","regulatoryAum":1586540509,"crd":"113091","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1793154","suffix":null,"lastName":"BERNALDO DE QUIROS","firstName":"MARIA","middleName":"LUISA"},{"crd":"2533089","suffix":null,"lastName":"DE LA GARZA","firstName":"RODRIGO","middleName":"GERARDO"},{"crd":"3243583","suffix":null,"lastName":"Valenzuela Del Rio","firstName":"Alonso","middleName":null}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":277444290,"clients":38,"employees":2,"offices":1},{"filedOn":"2022-03-21","regulatoryAum":276932496,"clients":51,"employees":3,"offices":1},{"filedOn":"2023-03-01","regulatoryAum":232378001,"clients":53,"employees":2,"offices":1},{"filedOn":"2024-03-18","regulatoryAum":361619046,"clients":56,"employees":2,"offices":1},{"filedOn":"2025-02-12","regulatoryAum":458891810,"clients":66,"employees":2,"offices":1},{"filedOn":"2026-09-17","regulatoryAum":1586540509,"clients":88,"employees":5,"offices":1}],"secFileNumber":"801-107935","legalName":"Summa Corp.","displayName":"Summa","slug":"summa-113091","website":"https://summaholdings.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Texas corporation","fiscalYearEnd":"December","headquarters":{"street":"1790 Hughes Landing BLVD., Suite 470","city":"The Woodlands","state":"TX","stateName":"Texas","country":"United States","postalCode":"77380"},"tradeNames":[],"registration":{"secApproved":"8 June 2016","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":17284854.92857143,"staff":{"employees":5,"advisory":3,"brokerDealerReps":1,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1586540509,"discretionary":1402054145,"discretionaryAccounts":77,"nonDiscretionary":184486364,"nonDiscretionaryAccounts":11,"wrapProgram":null,"nonUsClientsPct":86,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":36,"regulatoryAum":33749259},{"label":"High-net-worth individuals","clients":48,"regulatoryAum":1418178555},{"label":"Other investment advisers","clients":1,"fewerThan5":true,"regulatoryAum":125653653},{"label":"Corporations and other businesses","clients":3,"fewerThan5":true,"regulatoryAum":8959042}],"feePrograms":[{"role":"main","program":"Advisory fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058244","versionId":1058244,"ratePeriod":"annual","fee_billing":"both","submittedOn":"2026-09-17","documentName":"SUMMA - FORM ADV PART 2A BROCHURE","fee_rate_low":0.75,"fee_rate_high":1,"fee_negotiable":null,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Portfolio Consulting","summary":"Portfolio consulting is charged a fixed fee, payable quarterly in arrears, for accounts with at least $500,000 under management.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058244","versionId":1058244,"submittedOn":"2026-09-17","documentName":"SUMMA - FORM ADV PART 2A BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T04:22:09.571285+00:00","documents":[{"name":"SUMMA - FORM ADV PART 2A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058244","versionId":1058244,"submittedOn":"2026-09-17"}]},"custodians":[{"name":"Interactive Brokers LLC","shortName":"Interactive Brokers","location":"Greenwich, CT","smaAssets":200047348},{"name":"J.P. Morgan Securities LLC","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":436976117},{"name":"Goldman Sachs & Co. LLC","shortName":"Goldman Sachs & Co.","location":"New York, NY","smaAssets":349938435},{"name":"Banque Pictet & Cie Sa","shortName":"Banque Pictet & Cie Sa","location":"Geneva","smaAssets":283143724}],"custodyNote":"Summa does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Maria Bernaldo De Quiros","title":"President, Director and Chief Compliance Officer","crd":"1793154"},{"name":"Rodrigo De La Garza","title":"Director and Secretary","crd":"2533089"},{"name":"Alonso Valenzuela Del Rio","title":"CEO and Director","crd":"3243583"}],"ownership":[{"label":"Maria Bernaldo De Quiros","detail":"President, director and chief compliance officer in the 50% to 75% ownership band and a control person, since January 2001."},{"label":"Elalval LLC","detail":"Shareholder in the 50% to 75% ownership band and a control person, since April 2026."},{"label":"Alonso Valenzuela Del Rio","detail":"Indirect owner: a owner of Elalval LLC in the 75% or more band and a control person, since March 2024.","parent":"Elalval LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"1790 Hughes Landing BLVD., Suite 470","city":"The Woodlands","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"281-362-9977","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":62},{"label":"Sovereign bonds","percent":5},{"label":"Investment grade corporate bonds","percent":14},{"label":"Derivatives","percent":7},{"label":"Securities issued by registered investment companies or business development companies","percent":5},{"label":"Cash and cash equivalents","percent":5},{"label":"Other","percent":2,"detail":"Private Equity/Commercial Paper"}],"privateFunds":0},"sources":{"adv1FilingDate":"17 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/113091/PDF/113091.pdf","brochureDate":"17 September 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058244","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Summa have?","answer":"Summa has 88 clients and manages $1.59 billion for them, as of September 2026. They include 48 high-net-worth individuals, 36 individual clients, and 3 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 17 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Summa offer?","answer":"Summa provides portfolio management for individuals and small businesses and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Summa charge?","answer":"Summa charges 0.75%–1.00% a year for its Advisory fee. The fee is billed in advance or in arrears.","source":"SUMMA - FORM ADV PART 2A BROCHURE, filed 17 September 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Summa use?","answer":"Summa’s separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $437M, Goldman Sachs & Co. LLC (New York, NY), with $350M, Banque Pictet & Cie Sa (Geneva), with $283M and Interactive Brokers LLC (Greenwich, CT), with $200M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Summa have?","answer":"Summa has 0 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 0 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Summa invest in?","answer":"At the end of its last fiscal year, Summa’s separately managed accounts held 62% exchange-traded equities, 14% investment grade corporate bonds, 7% derivatives, 5% sovereign bonds, 5% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents and 2% other. The 2% other category is described as: Private Equity/Commercial Paper.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Summa?","answer":"Summa is owned through a holding company by Alonso Valenzuela Del Rio. Its direct owners are Maria Bernaldo De Quiros (50% to 75%) and Elalval LLC (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 17 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Summa get paid?","answer":"Summa is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Summa?","answer":"Summa’s main office is at 1790 Hughes Landing BLVD., Suite 470, The Woodlands, TX 77380. Its phone number is 281-362-9977. Its website is summaholdings.com.","source":"Form ADV Part 1A, Item 1.F, filed 17 September 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}