Summit Financial Holdings, a leading architect of advisor success and client satisfaction for over four decades, announced the launch of Kyros Private Wealth. Based in Naples, Florida, this newly formed independent practice is led by founding partner and private wealth advisor William E. Clegg IV, CFP, CIMA. Formerly affiliated with UBS as The Clegg Group, Kyros represents the sixth firm this year to join Summit Growth Partners (SGP), a partnership that combines cash monetization with equity participation and exclusive partnership privileges.
As part of this deal, Kyros will become an affiliate partner of Summit, giving them access to a comprehensive suite of services including exclusive, diversified investment solutions, integrated top-tier technology, deep risk management capabilities, and essential operational support. And these resources will support the launch, operation and growth of the new business.
Along with Clegg, the team at Kyros includes Heather G. Clegg, co-founder and managing director; Ethan Fales, investment strategist; Cole Hughes associate wealth advisor; and Patrick Beste, financial consultant.
By committing to servicing clients through every life circumstance, the firm offers tailored wealth management services, including investment management, tax and risk mitigation services, estate planning, charitable giving strategies, and succession planning. And Kyros specializes in serving high-net-worth individuals, including business owners, executives and entrepreneurs, guiding them toward personal and professional financial success. Collectively this team oversaw more than $370 million in assets under management (AUM) while at UBS.
Adding Kyros marks the first Summit-affiliated firm utilizing Goldman Sachs Custody Solutions, with more expected to join the digital-forward custodial provider in the coming months.
KEY QUOTES:
“Breaking away and gaining our independence with the support of Summit marks a pivotal moment, empowering us to not only grow and scale effectively but also deliver unparalleled service to our valued clients. This new chapter will allow us to tap into Summit’s vast expertise and resources, all in service of fostering clients’ financial success.”
- William E. Clegg IV
“As Kyros Private Wealth carves out their path to independence, we look forward to bringing our innovative custodial services to support their growth-oriented mindset.”
- Jeremy Eisenstein, managing director, head of RIA Custody Sales at Goldman Sachs Custody Solutions
“We are pleased to welcome the Kyros team as they join the Summit Financial family. Their expertise and passion for excellence align well with our values, and together, we anticipate a future marked by remarkable growth and success. By expanding our partnership model nationwide to teams that share our client-first ethos, Summit can empower advisors in every regional market with the necessary resources to establish and maintain their independence.”
- Stan Gregor, CEO of Summit Financial Holdings
