Summit Wealth Group Launches RIA, SEI Powers Evolved Business Model
SEI (NASDAQ:SEIC) announced that Summit Wealth Group has selected SEI to support its transition to a registered investment advisor (RIA) model. Summit Wealth Group, founded in 1985 and operating 10 offices across five states, plans to migrate approximately $2.1 billion in assets to the SEI Wealth Platform.
The partnership provides Summit with integrated custody, technology, investment management, and transition services. Summit will leverage SEI's enterprise capabilities across investment management, portfolio solutions, and advanced planning capabilities for tax and income optimization. The transition aims to provide Summit with improved flexibility, greater business control, and enhanced client solutions.
SEI (NASDAQ:SEIC) ha annunciato che Summit Wealth Group ha scelto SEI per supportare la sua transizione verso un modello di consulente finanziario registrato (RIA). Summit Wealth Group, fondata nel 1985 e presente con 10 sedi in cinque stati, prevede di trasferire circa 2,1 miliardi di dollari in asset sulla piattaforma SEI Wealth.
La collaborazione offre a Summit servizi integrati di custodia, tecnologia, gestione degli investimenti e supporto alla transizione. Summit sfrutterà le capacità aziendali di SEI in gestione degli investimenti, soluzioni di portafoglio e pianificazione avanzata per l’ottimizzazione fiscale e del reddito. L’obiettivo della transizione è fornire a Summit maggiore flessibilità, un controllo più ampio sul business e soluzioni migliorate per i clienti.
SEI (NASDAQ:SEIC) anunció que Summit Wealth Group ha seleccionado a SEI para apoyar su transición hacia un modelo de asesor registrado (RIA). Summit Wealth Group, fundada en 1985 y con 10 oficinas en cinco estados, planea migrar aproximadamente 2.1 mil millones de dólares en activos a la plataforma SEI Wealth.
La alianza ofrece a Summit servicios integrados de custodia, tecnología, gestión de inversiones y apoyo en la transición. Summit aprovechará las capacidades empresariales de SEI en gestión de inversiones, soluciones de cartera y planificación avanzada para la optimización fiscal y de ingresos. La transición busca brindar a Summit mayor flexibilidad, un mayor control del negocio y soluciones mejoradas para sus clientes.
SEI (NASDAQ:SEIC)는 Summit Wealth Group이 등록 투자 자문사(RIA) 모델로 전환하는 데 SEI를 선택했다고 발표했습니다. 1985년에 설립되어 5개 주에 10개의 지사를 운영하는 Summit Wealth Group은 약 21억 달러 규모의 자산을 SEI Wealth 플랫폼으로 이전할 계획입니다.
이번 파트너십을 통해 Summit은 통합 수탁, 기술, 투자 관리 및 전환 서비스를 제공받게 됩니다. Summit은 투자 관리, 포트폴리오 솔루션, 세금 및 소득 최적화를 위한 고급 계획 기능 등 SEI의 기업 역량을 활용할 예정입니다. 이번 전환은 Summit에 더 나은 유연성, 향상된 비즈니스 통제 및 고객 솔루션 강화를 제공하는 것을 목표로 합니다.
SEI (NASDAQ:SEIC) a annoncé que Summit Wealth Group a choisi SEI pour accompagner sa transition vers un modèle de conseiller en investissement enregistré (RIA). Fondé en 1985 et présent dans 10 bureaux répartis sur cinq États, Summit Wealth Group prévoit de transférer environ 2,1 milliards de dollars d’actifs vers la plateforme SEI Wealth.
Ce partenariat offre à Summit des services intégrés de garde, de technologie, de gestion d’investissement et d’accompagnement de la transition. Summit tirera parti des capacités d’entreprise de SEI en gestion d’investissement, solutions de portefeuille et planification avancée pour l’optimisation fiscale et des revenus. Cette transition vise à offrir à Summit une plus grande flexibilité, un meilleur contrôle de son activité et des solutions client améliorées.
SEI (NASDAQ:SEIC) gab bekannt, dass Summit Wealth Group SEI ausgewählt hat, um den Übergang zu einem registrierten Anlageberater (RIA) Modell zu unterstützen. Summit Wealth Group, gegründet 1985 und mit 10 Niederlassungen in fünf Bundesstaaten tätig, plant etwa 2,1 Milliarden US-Dollar an Vermögenswerten auf die SEI Wealth Plattform zu übertragen.
Die Partnerschaft bietet Summit integrierte Depot-, Technologie-, Investmentmanagement- und Übergangsdienstleistungen. Summit wird die Unternehmensfähigkeiten von SEI in den Bereichen Investmentmanagement, Portfoliolösungen und fortgeschrittene Planungsfunktionen zur Steuer- und Einkommensoptimierung nutzen. Der Übergang zielt darauf ab, Summit mehr Flexibilität, größere Geschäftskontrolle und verbesserte Kundenlösungen zu bieten.
- New partnership bringing $2.1 billion in assets under SEI's management
- Strategic expansion of SEI's RIA services business
- Demonstrates SEI's ability to attract large, established wealth management firms
- None.
Insights
SEI wins $2.1 billion client relationship with Summit Wealth Group, validating their integrated wealth management platform strategy.
This partnership announcement represents a notable win for SEI in the competitive RIA custody landscape. Summit Wealth Group, a multi-office advisory firm with 25 years of history, has selected SEI as their strategic partner for their transition to an independent RIA model and will migrate approximately
The deal highlights how SEI is positioning itself in the wealth management ecosystem as more than just a custodian, but as an integrated provider of custody, technology, and investment management services. Summit's CEO specifically mentioned valuing SEI's "stability, scale, and top-notch service" along with their "differentiated ecosystem" that combines these elements.
What makes this particularly significant is that Summit is adopting SEI's full suite of services beyond custody, including enterprise capabilities across investment management, portfolio solutions, and advanced planning tools. This suggests a deep strategic partnership rather than just a vendor relationship.
For SEI, this
The transition aligns with the broader industry trend of advisory practices moving to the independent RIA model to gain greater flexibility and control over their business future. SEI appears to be successfully capitalizing on this trend by offering the comprehensive infrastructure these transitioning firms need.
This partnership demonstrates SEI's ability to win significant enterprise relationships in a competitive landscape and suggests their integrated platform approach resonates with growth-minded advisory firms seeking to enhance both operational efficiency and client experience.
Integrated Custody, Technology, Investment Management, and Transition Services Drive Business Evolution and Growth
Headquartered in
Commenting on the next chapter in Summit Wealth Group's 25-year journey, Morris commented:
"We weren't just looking for a custodian. We were looking for a strategic partner who demonstrated a cultural alignment and could support our growth and vision. SEI took a collaborative and consultative approach to understanding our needs, quickly solving them, and providing guidance throughout the entire transition.
"Not only does SEI's stability, scale, and top-notch service provide the operational efficiency we need to achieve our growth aspirations, but their differentiated ecosystem—combining open-architecture technology with integrated custody and investment management services—can deliver an end-to-end wealth management experience for our clients and help power our growth."
Supported by SEI's dedicated Business Transition team, Summit Wealth Group expects to migrate approximately
Michael Lane, Head of Asset Management at SEI, added:
"For more than three decades, we have championed advisor independence because the advice they deliver to their clients doesn't just guide financial decisions—it builds confidence, strengthens trust, and shapes futures. We've built a premier destination for growth-minded RIAs by simplifying the complex and offering a total business ecosystem that keeps clients at the center of everything an advisor does. SEI's focus on the forward-looking development of open-architecture technology and our breadth of wealth management solutions can revolutionize business operations and empower investors.
"We share a deep commitment to being relationship-driven and client-centered, and we are excited to serve Randy and the incredible team at Summit Wealth Group."
About SEI®
SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of March 31, 2025, SEI manages, advises, or administers approximately
About the SEI Wealth PlatformSM
The SEI Wealth Platform (the Platform) is an outsourcing solution for wealth managers encompassing wealth processing services and wealth management programs, combined with business process expertise. With the Platform, SEI provides wealth management organizations with the infrastructure, operations, and administrative support necessary to capitalize on their strategic objectives in a constantly shifting market. For more information, visit seic.com/wealthplatform.
About Summit Wealth Group
Summit Wealth Group has been providing individuals and organizations with financial guidance since 1985. With 10 offices located throughout the
Custody services provided by SEI Private Trust Company, a federally chartered limited purpose savings association and wholly owned subsidiary of SEI Investments Company (SEI).
Forward-looking statements
This release contains forward-looking statements by SEI within the meaning or the rules and regulations of the Securities and Exchange Commission. In some cases, you can identify SEI's forward-looking statements by terminology, such as "may," "will," "expect," "believe" and "continue" or "appear." Our forward-looking statements include SEI's current expectations as to:
- the benefits of its services, products and technologies;
- its focus on the forward-looking development of open-architecture technologies; and
- the timing and number of client accounts that will be migrated to and serviced by SEI Private Trust Company as well as the value of these accounts.
You should not place undue reliance on SEI's forward-looking statements, as they are based on the current beliefs and expectations of our management and subject to significant risks and uncertainties, many of which are beyond SEI's control or are subject to change. Although SEI believes the assumptions upon which it bases its forward-looking statements are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in SEI's forward-looking statements can be found in the "Risk Factors" section of SEI's Annual Report on Form 10-K for the year ended Dec. 31, 2024, filed with the Securities and Exchange Commission.
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SOURCE SEI Investments Company
FAQ
What is the value of assets Summit Wealth Group is migrating to SEI's platform?
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