Merchant Investment Management, an RIA investment firm, took a minor equity interest in Parsippany, New Jersey-based RIA Summit Financial.

Merchant bought into Summit Financial as it launches its new advisory platform, SummitVantage. The platform will offer independent advisors access to a gamut of resources, including client relationship management services, financial planning software and performance reporting services.

Chief executive Stan Gregor (pictured) said that Summit Financial had been developing SummitVantage over the past few years.

Summit Financial manages $3.3 billion in assets.

RECENT INSIGHTS

May 3, 2023

A five-person team has left Wells Fargo Advisors to launch their own independent practice with Summit Financial, a Parsippany, N.J.–based...

Read More
May 2, 2023

We’re pleased to welcome Great Lakes Private Wealth to the Summit Financial family! Based in Farmington Hills, MI, and led...

READ MORE
March 28, 2023

Our CEO Stan Gregor had the opportunity to speak with Tony Sirianni on the AdvisorHub podcast.  Stan shared the uniqueness...

READ MORE