{"url":"https://nivawealth.com/firms/summit-financial-advisors-145007","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/145007","regulatoryAum":232826293,"crd":"145007","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4709231","suffix":null,"lastName":"MILLER","firstName":"PETER","middleName":"BENJAMIN"},{"crd":"852164","suffix":null,"lastName":"MILLER","firstName":"ROGER","middleName":"LOWELL"},{"crd":"852176","suffix":null,"lastName":"VITORI","firstName":"DENNIS","middleName":"PAUL"},{"crd":"4712621","suffix":null,"lastName":"WEED","firstName":"ELLEN","middleName":"MARIE"},{"crd":"5112691","suffix":null,"lastName":"WEED","firstName":"MATTHEW","middleName":"ALLEN"}],"total":5,"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":"2021-07-01","regulatoryAum":163722161,"clients":114,"employees":4,"offices":1},{"filedOn":"2022-06-28","regulatoryAum":166881843,"clients":111,"employees":4,"offices":1},{"filedOn":"2023-06-21","regulatoryAum":173349392,"clients":126,"employees":4,"offices":2},{"filedOn":"2024-05-08","regulatoryAum":188823434,"clients":129,"employees":4,"offices":2},{"filedOn":"2025-06-17","regulatoryAum":199387942,"clients":137,"employees":4,"offices":2},{"filedOn":"2026-06-09","regulatoryAum":232826293,"clients":139,"employees":4,"offices":2}],"secFileNumber":"801-96206","legalName":"Summit Financial Advisors, Inc.","displayName":"Summit Financial Advisors","slug":"summit-financial-advisors-145007","website":"https://sfadvisorsinc.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Ohio corporation","fiscalYearEnd":"March","headquarters":{"street":"300 N. Main Street, Suite 500","city":"Middletown","state":"OH","stateName":"Ohio","country":"United States","postalCode":"45042"},"tradeNames":[],"registration":{"secApproved":"6 May 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1675916.3695652173,"staff":{"employees":4,"advisory":4,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":232826293,"discretionary":230951737,"discretionaryAccounts":386,"nonDiscretionary":1874556,"nonDiscretionaryAccounts":31,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":2},"clientTypes":[{"label":"Individuals (other than HNW)","clients":91,"regulatoryAum":24101919},{"label":"High-net-worth individuals","clients":47,"regulatoryAum":207174540},{"label":"Other","clients":1,"fewerThan5":true,"regulatoryAum":1549834}],"feePrograms":[{"role":"main","program":"Annual investment management fee","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":0.9,"from":0},{"to":3000000,"pct":0.75,"from":1000000},{"to":5000000,"pct":0.5,"from":3000000},{"to":null,"pct":0.35,"from":5000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047781","versionId":1047781,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-06-09","documentName":"SUMMIT ADV PART 2A","fee_rate_low":0.35,"fee_rate_high":0.9,"fee_negotiable":true,"minimum_account":1000000,"feeMinimumPeriod":"annual","fee_minimum_annual":9000},{"role":"other","program":"Hourly advice below the household minimum","summary":"Advice for clients who do not meet the $1,000,000 household minimum is billed at $250 to $400 per hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047781","versionId":1047781,"submittedOn":"2026-06-09","documentName":"SUMMIT ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T13:37:36.657539+00:00","documents":[{"name":"SUMMIT ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047781","versionId":1047781,"submittedOn":"2026-06-09"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":1118224}],"custodyNote":"Summit Financial Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Roger Miller","title":"President","crd":"852164"},{"name":"Peter Miller","title":"Vice President/Secretary/Treasurer","crd":"4709231"},{"name":"Ellen Weed","title":"Vice President","crd":"4712621"},{"name":"Matthew Weed","title":"Chief Compliance Officer","crd":"5112691"}],"ownership":[{"label":"Roger Miller","detail":"President in the 50% to 75% ownership band and a control person, since July 2007."},{"label":"Peter Miller","detail":"Vice president/secretary/treasurer in the 10% to 25% ownership band and a control person, since July 2007."},{"label":"Ellen Weed","detail":"Vice president in the 10% to 25% ownership band and a control person, since July 2007."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Ohio","offices":1,"addresses":[{"street":"300 N. Main Street, Suite 500","city":"Middletown","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"513-424-6300","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Commissions"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services"],"financialPlanningClients":"101-250","assetMix":[{"label":"U.S. state and local bonds","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"9 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/145007/PDF/145007.pdf","brochureDate":"9 June 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047781","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 Summit Financial Advisors have?","answer":"Summit Financial Advisors has 139 clients and manages $233 million for them, as of June 2026. They include 91 individual clients, 47 high-net-worth individuals and 1 other client.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 9 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Summit Financial Advisors offer?","answer":"Summit Financial Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, education planning, estate planning, insurance, and tax planning.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Summit Financial Advisors charge?","answer":"Summit Financial Advisors charges 0.35%–0.90% a year for its Annual investment management fee. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable, has a $9,000 annual minimum and requires an account of at least $1,000,000.","source":"SUMMIT ADV PART 2A, filed 9 June 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Summit Financial Advisors use?","answer":"Summit Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.12M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Summit Financial Advisors have?","answer":"Summit Financial Advisors has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 Summit Financial Advisors invest in?","answer":"At the end of its last fiscal year, Summit Financial Advisors’ separately managed accounts held 100% state and local bonds.","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":"Does Summit Financial Advisors have a minimum investment?","answer":"Yes, Summit Financial Advisors’ minimum account size for its Annual investment management fee is $1M. It charges a $9K annual minimum fee.","source":"SUMMIT ADV PART 2A, filed 9 June 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Summit Financial Advisors?","answer":"Summit Financial Advisors’ direct owners are Roger Miller (50% to 75%), Peter Miller (10% to 25%) and Ellen Weed (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 9 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Summit Financial Advisors get paid?","answer":"Summit Financial Advisors is paid through a percentage of assets under management, fixed fees and commissions. Its Form ADV lists no 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 Summit Financial Advisors?","answer":"Summit Financial Advisors’ main office is at 300 N. Main Street, Suite 500, Middletown, OH 45042. Its phone number is 513-424-6300. Its website is sfadvisorsinc.com.","source":"Form ADV Part 1A, Item 1.F, filed 9 June 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."}