Summit Financial Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, divorce planning, and insurance. Financial planning was provided to 51–100 clients last fiscal year.
Summit Financial Wealth Advisors reports 1,265 clients. They include 940 individual clients, 268 high-net-worth individuals, and 30 corporations and other businesses. Of its assets, 95.5% ($1.72B across 2,997 accounts) are managed with discretion; $80.2M across 14 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 74% | 23% |
| High-net-worth individuals | 21% | 65% |
| Pension and profit-sharing plans | 2% | 5% |
| Charitable organizations | <1% | <1% |
| State or municipal government entities | <1% | <1% |
| Other client typesCorporations and other businesses | 2% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 940 | $418M | 23.3% | $445K |
| High-net-worth individuals | 268 | $1.17B | 65.1% | $4.37M |
| Pension and profit-sharing plans | 21 | $91M | 5.1% | $4.33M |
| Charitable organizations | 5 | $13.2M | 0.7% | $2.65M |
| State or municipal government entities | Fewer than 5 | $7.49M | 0.4% | $7.49M |
| Corporations and other businesses | 30 | $98.7M | 5.5% | $3.29M |
| Total | 1,265 | $1.8B | 100% | — |
- Clients
- 940
- Regulatory AUM
- $418M
- AUM share
- 23.3%
- Avg. per client
- $445K
- Clients
- 268
- Regulatory AUM
- $1.17B
- AUM share
- 65.1%
- Avg. per client
- $4.37M
- Clients
- 21
- Regulatory AUM
- $91M
- AUM share
- 5.1%
- Avg. per client
- $4.33M
- Clients
- 5
- Regulatory AUM
- $13.2M
- AUM share
- 0.7%
- Avg. per client
- $2.65M
- Clients
- Fewer than 5
- Regulatory AUM
- $7.49M
- AUM share
- 0.4%
- Avg. per client
- $7.49M
- Clients
- 30
- Regulatory AUM
- $98.7M
- AUM share
- 5.5%
- Avg. per client
- $3.29M
Total
- Clients
- 1,265
- Regulatory AUM
- $1.8B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Summit Financial Wealth Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Divorce Financial Consulting Services
- Divorce financial consulting is billed hourly: consultation and preparation $150, travel $75, attendance at court, mediation or arbitration $200, and administrative $75.
Focus Operating, LLC owns 75% or more of Summit Financial Wealth Advisors and is in turn owned by Focus Financial Partners, LLC (75% or more). The leadership team of Summit Financial Wealth Advisors includes Chief Compliance Officer Suzette Broussard. It has 22 employees, 17 of them in advisory roles.
Staff
- 22 employees
- 17 in advisory functions
- 17 state-registered reps
- 3 broker-dealer reps
- 7 insurance agents
- 2 soliciting firms
- Owns 75% or more of Summit Financial Wealth Advisors, LLC
Focus Operating, LLC
Control person · since April 2014
- Owns 75% or more of Focus Operating, LLC
Focus Financial Partners, LLC
Control person · since January 2007
- Owns 75% or more of Focus Financial Partners, LLC
Focus Financial Partners, Inc.
Control person · since July 2018
- Owns 75% or more of Focus Financial Partners, Inc.
Ferdinand FFP Acquisition, LLC
Control person · since August 2023
- Owns 75% or more of Ferdinand FFP Acquisition, LLC
Ferdinand FFP Intermediate Holdings, LLC
Control person · since August 2023
- Owns 75% or more of Ferdinand FFP Intermediate Holdings, LLC
Ferdinand FFP Parent, Inc.
Control person · since August 2023
- Owns 75% or more of Focus Financial Partners, Inc.
Ferdinand FFP Ultimate Holdings, LP
Control person · since August 2023
- Owns 50% to 75% of Ferdinand FFP Ultimate Holdings, LP
CD&R Ferdinand Holdings, L.P.
Control person · since August 2023
- Owns 50% to 75% of CD&R Ferdinand Holdings, L.P.
Clayton, Dubilier & Rice Fund Xii, L.P.
Control person · since August 2023
- Owns 25% to 50% of CD&R Ferdinand Holdings, L.P.
CD&R Ferdinand Co-Investor, L.P.
Control person · since August 2023
Summit Financial Wealth Advisors’ regulatory assets grew 1.8× from $999M (April 2021) to $1.8B (July 2026); clients rose from 921 to 1,265 and employees from 16 to 22. In 2015, FPL Asset Management joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $1.8B | 1,265 | 22 | 6 |
| May 2025May 2025 | $1.42B | 1,115 | 20 | 6 |
| Apr 2024April 2024 | $1.43B | 1,086 | 20 | 5 |
| May 2023May 2023 | $1.24B | 1,019 | 19 | 6 |
| Jun 2022June 2022 | $1.29B | 947 | 17 | 4 |
| Apr 2021April 2021 | $999M | 921 | 16 | 4 |
Firms that joined
20151 joined
- FPL Asset ManagementNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Summit Financial Wealth Advisors has 5 offices (1 private residence, listed without an address), with 5 listed addresses in 1 state.
Louisiana · 5 listed addresses
- 1021 E. St. Mary BLVD., LafayetteHQ
- 2102 Floyd Park Drive, Ruston
- 1890 Hudson Circle, Monroe
- 2201 Ridgelake DR., Metairie
- 213 N. College RD., Lafayette
Contact and registration details
- Legal name
- Summit Financial Wealth Advisors, LLC
- Headquarters
- 1021 E. St. Mary BLVD., Lafayette, LA 70503
- Website
- summit-financial.com
- Phone
- 337-232-1141
- @summit-financial-wealth
- SEC file
- 801-79686
- Founded
- 2010
- Structure
- Delaware LLC
- Fiscal year end
- December
Summit Financial Wealth Advisors’ named custodian for separately managed accounts is Charles Schwab ($1.58B). Summit Financial Wealth Advisors has custody of $210M for 628 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Omaha, NE · $1.58B100%
At year end, Summit Financial Wealth Advisors’ separately managed accounts were mostly in funds (50%) and stocks (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $782M across 225 positions; the largest are Vanguard Whitehall Fds (8.4%), Schwab Strategic TR (7.8%) and Vanguard Index Fds (7.5%).
What the accounts hold
- Stocks20%
- Funds50%
- Bonds19%
- State and local bonds15%
- U.S. government and agency bonds3%
- Investment grade corporate bonds1%
- Cash11%
How many clients does Summit Financial Wealth Advisors have?
Summit Financial Wealth Advisors has 1,265 clients and manages $1.8 billion for them, as of July 2026. They include 940 individual clients, 268 high-net-worth individuals, and 30 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 July 2026
What services does Summit Financial Wealth Advisors offer?
Summit Financial Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, divorce planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Summit Financial Wealth Advisors use?
Summit Financial Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Omaha, NE), with $1.58B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 July 2026
How many financial advisors does Summit Financial Wealth Advisors have?
Summit Financial Wealth Advisors has 17 investment adviser representatives registered with state securities authorities, out of 22 employees, and 17 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 7 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
What does Summit Financial Wealth Advisors invest in?
At the end of its last fiscal year, Summit Financial Wealth Advisors’ separately managed accounts held 50% registered funds (mutual funds, ETFs, BDCs), 20% exchange-traded equities, 15% state and local bonds, 11% cash and equivalents, 3% U.S. government and agency bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Summit Financial Wealth Advisors?
Summit Financial Wealth Advisors is owned through a chain of holding companies by Ferdinand FFP Parent, Inc., CD&R Ferdinand Co-Investor, L.P. and Clayton, Dubilier & Rice Fund Xii, L.P. Its direct owner is Focus Operating, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 29 July 2026
How does Summit Financial Wealth Advisors get paid?
Summit Financial Wealth Advisors is paid through a percentage of assets under management, hourly charges 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
How do I contact Summit Financial Wealth Advisors?
Summit Financial Wealth Advisors’ main office is at 1021 E. St. Mary BLVD., Lafayette, LA 70503. Its phone number is 337-232-1141. Its website is summit-financial.com.