{"url":"https://nivawealth.com/firms/summit-wealth-management-226722","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/226722","regulatoryAum":120089915,"crd":"226722","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5945909","suffix":null,"lastName":"EBERHART","firstName":"MEGAN","middleName":"DEBORAH"},{"crd":"4585823","suffix":null,"lastName":"WEIDRICK","firstName":"RICHARD","middleName":"ANDREW"}],"total":2,"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"},"secFileNumber":"801-134170","legalName":"Summit Wealth Management LLC","displayName":"Summit Wealth Management","slug":"summit-wealth-management-226722","website":"https://swm1.us/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Ohio limited liability company","fiscalYearEnd":"December","headquarters":{"street":"2150 N Cleveland-Massillon Road","city":"Akron","state":"OH","stateName":"Ohio","country":"United States","postalCode":"44333"},"tradeNames":[],"registration":{"secApproved":"14 August 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":606514.7222222222,"staff":{"employees":3,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":120089915,"discretionary":108495417,"discretionaryAccounts":411,"nonDiscretionary":11594498,"nonDiscretionaryAccounts":99,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":149,"regulatoryAum":31824833},{"label":"High-net-worth individuals","clients":49,"regulatoryAum":88265082}],"feePrograms":[{"role":"main","program":"Asset-Based Fees for Portfolio Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1039942","versionId":1039942,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-04-01","documentName":"ADV PART 2A SUMMIT","fee_rate_low":1,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Pension Consulting Services","summary":"Pension consulting is charged at 1.00% of assets a year, is negotiable and is paid in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1039942","versionId":1039942,"submittedOn":"2026-04-01","documentName":"ADV PART 2A SUMMIT"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:12:51.733438+00:00","documents":[{"name":"ADV PART 2A SUMMIT","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1039942","versionId":1039942,"submittedOn":"2026-04-01"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":112592474}],"custodyNote":"Summit Wealth Management has custody of $36M in client assets for 58 clients.","leadership":[{"name":"Richard Weidrick","title":"Managing Member & Chief Compliance Officer","crd":"4585823"},{"name":"Megan Eberhart","title":"Member","crd":"5945909"}],"ownership":[{"label":"Richard Weidrick","detail":"Managing member & chief compliance officer in the 75% or more ownership band and a control person, since May 2015."},{"label":"Megan Eberhart","detail":"Member in the 25% to 50% ownership band, since February 2024."}],"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Ohio","offices":2,"addresses":[{"street":"2150 N Cleveland-Massillon Road","city":"Akron","headquarters":true},{"street":"544 S. Drexel Ave.","city":"Columbus"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"330-523-1065","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Pension consulting services"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":43},{"label":"Securities issued by registered investment companies or business development companies","percent":31},{"label":"Cash and cash equivalents","percent":26}],"privateFunds":0},"sources":{"adv1FilingDate":"4 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/226722/PDF/226722.pdf","brochureDate":"1 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1039942","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 Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Summit Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Summit Wealth Management charge?","answer":"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.","source":"ADV PART 2A SUMMIT, filed 1 April 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Summit Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Summit Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Summit Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Summit Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Summit Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Summit Wealth Management registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Summit Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 4 May 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."}