Summa Global Advisors, LLC (Clackamas)

Summa Global Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Summa Global Advisors: assets under management

The assets under management (AUM) of Summa Global Advisors, LLC is $159.71 million. The firm's AUM has grown by 73% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $104.83 million in discretionary accounts and $54.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $386.83 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.19 million.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Summa Global Advisors, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Summa Global Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Summa Global Advisors is high net worth individuals with 13 clients and $99.46 million of assets under management. Among the 8 most similar advisory firms, Summa Global Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $156.14 million for 122 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Summa Global Advisors doesn't advise any private funds.

Careers at Summa Global Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 4 indirect owners.

Based in Clackamas

The principal office where Summa Global Advisors, LLC performs its advisory services is located at 12901 Se 97 Th Ave, Clackamas, OR 97015, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 503-636-2022 or by fax 503-635-6473. The normal business hours are 7:30 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at summaglobal.com.

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