Summit Financial has expanded its national registered investment advisor network with a minority investment in Ivy Wealth Management, a Northeast-based advisory firm overseeing more than $500 million in client assets. The transaction adds significant scale to Summit’s fast-growing platform, which now surpasses $25 billion in assets under advisement after completing 27 partnership deals since early 2024, including 14 this year.
Ivy Wealth Management, founded in 2010 by President Brad Ingegneri, serves high-net-worth families and business owners with a disciplined, client-first approach rooted in long-term planning and community engagement. The West Warwick, Rhode Island firm strengthens Summit’s presence across the Northeast and brings a history of consistent organic growth.
Summit continues to build its platform through minority-stake purchases that allow partner firms to retain operational control while gaining access to capital, advanced technology, and expanded investment management capabilities. The firm emphasizes a selective partnership model that accelerates advisor growth without requiring principals to relinquish authority.
Executives from both organizations expressed confidence that the transaction will enhance client outcomes and advance shared commitments to service excellence, integrity, and long-term growth in the independent advisory sector.
KEY QUOTES:
“Partnerships like these aren’t just about dollars. They enable growth-minded firms to collaborate, innovate, and strengthen our community for the future.”
“Brad and his team have built something special, putting clients first, navigating markets with insight, and delivering results with consistency and care.”
Stan Gregor, Chairman and CEO, Summit Financial Holdings
“We built Ivy to deliver personalized, sophisticated guidance that brings greater peace of mind for our clients. By partnering with Summit, we’re taking our client-first service to a whole new level.”
“Ivy can now draw on deeper resources and capabilities, including enhanced technology and investment management platforms, to drive better outcomes for the families we serve.”
Brad Ingegneri, President, Ivy Wealth Management
“Building a superior wealth management platform starts with investing in the right partners. Like Summit, Ivy is committed to service, integrity, and excellence. True to its name, Brad and his team have cultivated a business defined by resilience, consistency, and enduring growth for the clients they serve.”
Keith Soltis, Head of Growth and Business Development, Summit Financial
