{"url":"https://nivawealth.com/firms/summit-investment-advisors-316321","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/316321","regulatoryAum":273353092,"crd":"316321","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5753289","suffix":null,"lastName":"CASWELL","firstName":"BRENT","middleName":"A"},{"crd":"2076513","suffix":null,"lastName":"LAMING","firstName":"THOMAS","middleName":"WHITSED"},{"crd":"2738830","suffix":null,"lastName":"MCCARVER","firstName":"ERIC","middleName":"MATTHEW"},{"crd":"4249199","suffix":null,"lastName":"TUDAS","firstName":"JEFFREY","middleName":"ALAN"},{"crd":"5771909","suffix":null,"lastName":"TUDAS","firstName":"RYAN","middleName":"J"}],"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":"2022-01-11","regulatoryAum":119860283,"clients":195,"employees":4,"offices":5},{"filedOn":"2023-03-29","regulatoryAum":104207716,"clients":271,"employees":5,"offices":5},{"filedOn":"2024-03-26","regulatoryAum":129618354,"clients":283,"employees":5,"offices":5},{"filedOn":"2025-03-31","regulatoryAum":142027838,"clients":249,"employees":6,"offices":7},{"filedOn":"2026-03-31","regulatoryAum":273353092,"clients":300,"employees":5,"offices":8}],"secFileNumber":"801-122314","legalName":"Summit Investment Advisors Inc","displayName":"Summit Investment Advisors","slug":"summit-investment-advisors-316321","website":"https://normandyia.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/normandy-investment-advisors/","founded":"2006","organization":"Kansas corporation","fiscalYearEnd":"December","headquarters":{"street":"12728 State Line RD.","city":"Leawood","state":"KS","stateName":"Kansas","country":"United States","postalCode":"66209"},"tradeNames":[],"registration":{"secApproved":"15 September 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":900152.462585034,"staff":{"employees":5,"advisory":5,"brokerDealerReps":0,"insuranceAgents":2,"promoters":1},"aum":{"regulatory":273353092,"discretionary":273353092,"discretionaryAccounts":729,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":8},"clientTypes":[{"label":"Individuals (other than HNW)","clients":222,"regulatoryAum":70785310},{"label":"High-net-worth individuals","clients":72,"regulatoryAum":193859514},{"label":"Charitable organizations","clients":3,"regulatoryAum":1404926},{"label":"Corporations and other businesses","clients":3,"regulatoryAum":7303342}],"feePrograms":[{"role":"main","program":"Blended standard tiered fee schedule","feeBasis":"marginal","fee_tiers":[{"to":2000000,"pct":1,"from":0},{"to":5000000,"pct":0.85,"from":2000000},{"to":10000000,"pct":0.75,"from":5000000},{"to":25000000,"pct":0.65,"from":10000000},{"to":50000000,"pct":0.4,"from":25000000},{"to":100000000,"pct":0.3,"from":50000000},{"to":null,"pct":0.25,"from":100000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036095","versionId":1036095,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"FORM ADV PART 2A MARCH 2026","fee_rate_low":0.25,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":500000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Wealth management consulting","summary":"Wealth management consulting is offered a la carte for a retainer, an annual fee or a flat fee set in the written agreement. No rate is stated.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036095","versionId":1036095,"submittedOn":"2026-03-31","documentName":"FORM ADV PART 2A MARCH 2026"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:03:16.696519+00:00","documents":[{"name":"FORM ADV PART 2A MARCH 2026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036095","versionId":1036095,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":273353092}],"custodyNote":"Summit Investment Advisors has custody of $7.7M in client assets for 11 clients.","otherCustodians":[],"leadership":[{"name":"Jeffrey Tudas","title":"Founder, Principal and Chief Compliance Officer","crd":"4249199"},{"name":"Brent Caswell","title":"Principal","crd":"5753289"}],"ownership":[{"label":"Jeffrey Tudas","detail":"Founder, principal and chief compliance officer in the 75% or more ownership band and a control person, since July 2006."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":7,"privateResidences":7},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Kansas","offices":1,"addresses":[{"street":"12728 State Line RD.","city":"Leawood","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"913-914-1944","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":18},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":78},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":1,"detail":"Reits, Limited Partnerships, and Other Miscellaneous Legacy Holding."}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/316321/PDF/316321.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036095","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 Investment Advisors have?","answer":"Summit Investment Advisors has 300 clients and manages $273 million for them, as of March 2026. They include 222 individual clients, 72 high-net-worth individuals and 3 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Summit Investment Advisors offer?","answer":"Summit Investment 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 Investment Advisors charge?","answer":"Summit Investment Advisors charges 0.25%–1.00% a year for its Blended standard tiered fee schedule. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and requires an account of at least $500,000.","source":"FORM ADV PART 2A MARCH 2026, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Summit Investment Advisors use?","answer":"Summit Investment Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $273M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Summit Investment Advisors have?","answer":"Summit Investment Advisors has 5 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 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 Investment Advisors invest in?","answer":"At the end of its last fiscal year, Summit Investment Advisors’ separately managed accounts held 78% registered funds (mutual funds, ETFs, BDCs), 18% exchange-traded equities, 2% cash and equivalents, 1% state and local bonds and 1% other. The 1% other category is described as: Reits, Limited Partnerships, and Other Miscellaneous Legacy Holding.","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 Investment Advisors have a minimum investment?","answer":"Yes, Summit Investment Advisors’ minimum account size for its Blended standard tiered fee schedule is $500K.","source":"FORM ADV PART 2A MARCH 2026, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Summit Investment Advisors?","answer":"Summit Investment Advisors’ direct owner is Jeffrey Tudas (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Summit Investment Advisors get paid?","answer":"Summit Investment Advisors 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 Summit Investment Advisors?","answer":"Summit Investment Advisors’ main office is at 12728 State Line RD., Leawood, KS 66209. Its phone number is 913-914-1944. Its website is normandyia.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 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."}