Summit Wealth Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, family office services, insurance, philanthropic planning, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
Summit Wealth Group reports 3,117 clients. They include 2,533 individual clients and 584 high-net-worth individuals. Of its assets, 100.0% ($2.31B across 8,632 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $6.92B.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 34% |
| High-net-worth individuals | 19% | 66% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 2,533 | $780M | 33.8% | $308K |
| High-net-worth individuals | 584 | $1.53B | 66.2% | $2.61M |
| Total | 3,117 | $2.31B | 100% | $740K |
- Clients
- 2,533
- Regulatory AUM
- $780M
- AUM share
- 33.8%
- Avg. per client
- $308K
- Clients
- 584
- Regulatory AUM
- $1.53B
- AUM share
- 66.2%
- Avg. per client
- $2.61M
Total
- Clients
- 3,117
- Regulatory AUM
- $2.31B
- AUM share
- 100%
- Avg. per client
- $740K
- 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
- 251–500
Summit Wealth Group is paid through a percentage of assets under management 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 2 other services, listed under fee details.
Fee details and sources
Other fees
- Family Office and Wealth Planning
- Family office and wealth planning carry a negotiated fixed fee set at the start of the relationship, payable in advance or in arrears monthly, quarterly, semi-annually or annually.
- Financial Planning and Consulting
- Financial planning and consulting are billed per project at a mutually agreed fixed fee that is negotiable, with no minimum fee required.
Summit Wealth Group, Inc. owns 75% or more of Summit Wealth Group and is in turn owned by CWC Snowcap Investor, LLC (25–50%). Charles Morris is CEO; the leadership team includes President Ross Haycock and Chief Compliance Officer Scott Wilkinson. It has 80 employees, 29 of them in advisory roles.
Staff
- 80 employees
- 29 in advisory functions
- 32 state-registered reps
- 15 broker-dealer reps
- 29 insurance agents
- 1 soliciting firm
- Owns 75% or more of Summit Wealth Group LLC
Summit Wealth Group, Inc.
Control person · since May 2025
- Owns 25% to 50% of Summit Wealth Group, Inc.
CWC Snowcap Investor, LLC
since June 2025
Summit Wealth Group’s regulatory assets grew 1.7× from $1.35B (July 2025) to $2.31B (July 2026); clients rose from 2,544 to 3,117 and employees from 68 to 80. Between 2011 and 2026, 3 advisory firms joined it. The largest by last filed assets was Premier Private Wealth ($264M, February 2026). The most recent was Financial Investment Team ("FIT"), in September 2026.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $2.31B | 3,117 | 80 | 11 |
| Jul 2025July 2025 | $1.35B | 2,544 | 68 | 10 |
Firms that joined
20262 joined
- Financial Investment Team ("FIT")No filed AUM
- Premier Private WealthLast filed AUM $264M
20111 joined
- Cook Financial AssociatesNo 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 Wealth Group has 10 offices, with 11 listed addresses across 5 states.
Colorado · 4 listed addresses
- 13710 Struthers Road, Suite 115, Colorado SpringsHQ
- 2510 N Cascade Ave, Suite 120, Colorado Springs, Co
- 141 Union BLVD, Suite 270, Lakewood
- 8400 E Prentice Ave, Suite 1000, Greenwood Village
Tennessee · 3 listed addresses
- 5050 Poplar Ave, Suite 1522, Memphis
- 256 Seaboard Lane, Suite C101, Franklin
- 725 Cool Springs BLVD, Franklin
Mississippi · 2 listed addresses
- 271 Trace Colony Park Drive, Suite B, Ridgeland
- 4815 North Park Drive, Meridian
Arizona · 1 listed address
- 14500 N Northsight BLVD, Suite 112, Scottsdale
South Dakota · 1 listed address
- 817 9th Street, Rapid City
Contact and registration details
- Legal name
- Summit Wealth Group LLC
- Headquarters
- 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921
- Website
- summitwealthgroup.com
- Phone
- 719-633-4033
- @summitwealthgroup
- SEC file
- 801-132262
- Founded
- 2025
- Structure
- Colorado LLC
- Fiscal year end
- December
Summit Wealth Group’s named custodian for separately managed accounts is SEI Investments Management ($2.22B). Summit Wealth Group has custody of $158M for 277 clients.
- SEI Investments ManagementSEI Investments Management Corporation · Oaks, PA · $2.22B100%
At year end, Summit Wealth Group’s separately managed accounts were mostly in funds (62%) and stocks (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.21B across 396 positions; the largest are Sei Exchange Traded Funds (12.3%), Sei Exchange Traded Funds (12.0%) and Sei Exchange Traded Funds (7.8%).
What the accounts hold
- Stocks24%
- Funds62%
- Registered funds61%
- Pooled vehicles1%
- Bonds3%
- Cash5%
- Other6%
- Annuity subaccounts6%
How many clients does Summit Wealth Group have?
Summit Wealth Group has 3,117 clients and manages $2.31 billion for them, as of July 2026. They include 2,533 individual clients and 584 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 July 2026
What services does Summit Wealth Group offer?
Summit Wealth Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, family office services, insurance, philanthropic planning, 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
Which custodians does Summit Wealth Group use?
Summit Wealth Group’s separately managed account assets are held at SEI Investments Management Corporation (Oaks, PA), with $2.22B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 July 2026
How many financial advisors does Summit Wealth Group have?
Summit Wealth Group has 32 investment adviser representatives registered with state securities authorities, out of 80 employees, and 29 perform investment advisory functions. 15 employees are registered representatives of a broker-dealer and 29 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 Wealth Group invest in?
At the end of its last fiscal year, Summit Wealth Group’s separately managed accounts held 61% registered funds (mutual funds, ETFs, BDCs), 24% exchange-traded equities, 6% other, 5% cash and equivalents, 3% investment grade corporate bonds and 1% pooled vehicles (private funds and similar). The 6% other category is described as: Annuity Subaccounts.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Summit Wealth Group?
Summit Wealth Group is owned through a holding company by CWC Snowcap Investor, LLC. Its direct owner is Summit Wealth Group, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 14 July 2026
How does Summit Wealth Group get paid?
Summit Wealth Group 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
How do I contact Summit Wealth Group?
Summit Wealth Group’s main office is at 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921. Its phone number is 719-633-4033. Its website is summitwealthgroup.com.