Aspen Standard Wealth, a firm that serves as a permanent home and long-term partner for successful RIAs, announced that it has acquired Summitry, a leading registered investment adviser with $2.8 billion in assets under management (AUM).
Based in San Francisco, Summitry provides personalized financial planning and investment strategies rooted in local insights. Launched in 2003, the firm offers access to a wide range of institutional-grade investing and advisory services, including in-depth financial planning, retirement planning, estate and trust services, and equity compensation advice. Since its founding, Summitry has grown into a preeminent provider in the wealth management industry.
Aspen’s framework represents a new and permanent approach for partnering with RIAs. And unlike other acquirers, Aspen’s plan is to build for the long term, not to resell. This philosophy keeps everyone aligned and invested in further maturing and growing the business, with less friction than most conventional transactions.
KEY QUOTES:
“When I met the team at Aspen, it was clear that they were different. They take a long-term view of everything they do. They care about growing our people, continuing to build on top of the foundation that our team has built, and helping us deliver more for our clients.”
- Colin Higgins, CEO of Summitry
“Summitry embodies everything we seek in a partner: growth oriented, client obsessed, and people focused. Aspen offers what successful, leading RIAs like Summitry have long been looking for: a deeply knowledgeable, permanent partner who is there to support them indefinitely. We are the sorely needed alternative to traditional investment firms in that we enable our partners to thrive long term.”
- Aly Kassim-Lakha, CEO of Aspen
