Summit Wealth Management provides portfolio management for individuals and small businesses and pension consulting.
Summit Wealth Management reports 198 clients. They include 149 individual clients and 49 high-net-worth individuals. Of its assets, 90.3% ($108M across 411 accounts) are managed with discretion; $11.6M across 99 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 75% | 27% |
| High-net-worth individuals | 25% | 73% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 149 | $31.8M | 26.5% | $214K |
| High-net-worth individuals | 49 | $88.3M | 73.5% | $1.8M |
| Total | 198 | $120M | 100% | $607K |
- Clients
- 149
- Regulatory AUM
- $31.8M
- AUM share
- 26.5%
- Avg. per client
- $214K
- Clients
- 49
- Regulatory AUM
- $88.3M
- AUM share
- 73.5%
- Avg. per client
- $1.8M
Total
- Clients
- 198
- Regulatory AUM
- $120M
- AUM share
- 100%
- Avg. per client
- $607K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Summit Wealth Management charges 1.00% a year for its Asset-Based Fees for Portfolio Management. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Pension Consulting Services
- Pension consulting is charged at 1.00% of assets a year, is negotiable and is paid in advance.
Richard Weidrick owns 75% or more of Summit Wealth Management. The leadership team of Summit Wealth Management includes Chief Compliance Officer Richard Weidrick. It has 3 employees.
Leadership
- Richard WeidrickManaging Member & Chief Compliance Officer
- Megan EberhartMember
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 3 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Summit Wealth Management LLC
Richard Weidrick
Control person · since May 2015
- Owns 25% to 50% of Summit Wealth Management LLC
Megan Eberhart
since February 2024
Besides its headquarters, Summit Wealth Management has 1 office, with 2 listed addresses in Ohio.
Ohio · 2 listed addresses
- 2150 N Cleveland-Massillon Road, AkronHQ
- 544 S. Drexel Ave., Columbus
Contact and registration details
- Legal name
- Summit Wealth Management LLC
- Headquarters
- 2150 N Cleveland-Massillon Road, Akron, OH 44333
- Website
- swm1.us
- Phone
- 330-523-1065
- SEC file
- 801-134170
- Structure
- Ohio LLC
- Fiscal year end
- December
Summit Wealth Management uses Charles Schwab ($113M) as custodian for its separately managed accounts. Summit Wealth Management has custody of $36M in client assets for 58 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $113M100%
At year end, Summit Wealth Management’s separately managed accounts were largely in stocks (43%) and funds (31%).
What the accounts hold
- Stocks43%
- Funds31%
- Cash26%
How many clients does Summit Wealth Management have?
Summit Wealth Management has 198 clients and manages $120 million for them, as of May 2026. They include 149 individual clients and 49 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 May 2026
What services does Summit Wealth Management offer?
Summit Wealth Management provides portfolio management for individuals and small businesses and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Summit Wealth Management charge?
Summit Wealth Management charges 1.00% a year for its Asset-Based Fees for Portfolio Management. The fee is billed in advance and is negotiable.
Which custodians does Summit Wealth Management use?
Summit Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $113M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 May 2026
How many financial advisors does Summit Wealth Management have?
Summit Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Management invest in?
At the end of its last fiscal year, Summit Wealth Management’s separately managed accounts held 43% exchange-traded equities, 31% registered funds (mutual funds, ETFs, BDCs) and 26% cash and equivalents.
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 Management?
Summit Wealth Management’s direct owners are Richard Weidrick (75% or more) and Megan Eberhart (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 4 May 2026
How does Summit Wealth Management get paid?
Summit Wealth Management is paid through a percentage of assets under management. 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
Is Summit Wealth Management registered with the SEC?
Yes, Summit Wealth Management has been registered with the SEC as an investment adviser since 14 August 2025. Its CRD number is 226722 and its SEC file number is 801-134170.
Source: Form ADV Part 1A, Item 1, filed 4 May 2026; IAPD firm record
How do I contact Summit Wealth Management?
Summit Wealth Management’s main office is at 2150 N Cleveland-Massillon Road, Akron, OH 44333. Its phone number is 330-523-1065. Its website is swm1.us.