Investment advisory firm Summit Financial – in collaboration with Merchant Investment Management – announced that Genex Consulting has joined its network, marking Summit’s first investment of this year. This collaboration highlights the strength of the Summit-Merchant partnership as they buy a stake in Genex, a $700 million wealth management firm.
With Summit approaching $20 billion in assets under advisement, the firm achieved 70% year-over-year growth in 2024, reinforcing its commitment to scalable expansion and industry leadership.
Genex, led by principals Brian Redders, Michael Sluhan, CFP, and Chad Hemphill, is a multi-family office in Kirkwood, Missouri. Specializing in investment planning, retirement planning, executive compensation, risk management, estate planning and business consulting, Genex provides a personalized, comprehensive approach to wealth management. The firm equips individuals, families and business owners with the insights and strategies needed to achieve their long-term financial goals with confidence.
Summit enables entrepreneurial advisors, like Genex, by combining the flexibility of independence with a comprehensive multi-family office ecosystem designed to accelerate professional growth by benefiting from its dedicated strategy group of in-house attorneys, tax specialists, financial planners and investment strategists.
KEY QUOTES:
“Partnering with Summit marks a pivotal moment in our growth, enabling us to deepen relationships with clients and help them achieve their financial goals in new and meaningful ways. At Genex, our mission has always been to deliver a wealth planning experience that provides life-changing clarity, allowing our clients to live their lives to the fullest. With Summit’s extensive resources and expertise, we can continue to fulfill this mission while expanding the breadth of services we provide. This partnership gives us the tools and support to scale without compromising the high-touch, personalized service that has always been our hallmark.”
- Brian Redders
“Bringing Genex and its core team into the Summit Financial family reinforces our commitment to supporting entrepreneurial advisors with a model that prioritizes independence, growth and long-term success. Our partnership approach goes beyond investment solutions — it’s about providing a collaborative, multi-family office experience that helps firms like Genex elevate their client relationships and achieve lasting impact. Summit is experiencing its best year of growth in our 40+ year history and the addition of Genex will keep that momentum going in 2025.”
- Stan Gregor, CEO of Summit Financial Holdings
“We’re thrilled to welcome Genex to our growing network of advisory firms. Our focus is on equipping firms like Genex with the resources, strategies and operational support they need to maximize their potential. Whether it’s accessing alternative investments, navigating complex planning needs, or scaling their practice, Summit’s comprehensive platform positions advisors to deliver even greater value to their clients.”
• ⁃ Keith Soltis, ChFC, CLTC, Summit’s director of wealth management
