Summit Group Retirement Planners, Inc. (Exton)

Name: Summit Group Retirement Planners, Inc.
Address: 600 Eagleview Boulevard, Exton, PA, 19341
Telephone: 484-467-7899

Summit Group Retirement Planners, Inc. is a large advisory firm based in Exton. It manages $140.64 million of regulatory assets for 203 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, New Jersey, and Pennsylvania.

Summit Group Retirement Planners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Summit Group Retirement Planners: assets under management

The assets under management (AUM) of Summit Group Retirement Planners, Inc. is $140.64 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 10% of the firm’s portfolio. Investments in other assets form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Summit Group Retirement Planners, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Summit Group Retirement Planners serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Summit Group Retirement Planners is pension and profit sharing plans with 42 clients and $107.09 million of assets under management. Among the 10 most similar advisory firms, Summit Group Retirement Planners has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $140.36 million for 171 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.

Summit Group Retirement Planners doesn't advise any private funds.

Careers at Summit Group Retirement Planners, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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

Name	Entity	Date acquired	Ownership	Employer ID
Anthony John Fiorenza	Ceo	1 Nov 2013	50% - 75%	1149077
Derek Christopher Fiorenza	Coo and cco	1 Nov 2013	25% - 50%	5825196

Based in Exton

The principal office where Summit Group Retirement Planners, Inc. performs its advisory services is located at 600 Eagleview Boulevard, Exton, PA 19341, 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 484-467-7899 or by fax 267-433-1054. The normal business hours are 9 am - 7 pm on Monday - Friday. You can find more information about the New York firm at sgretirementplanners.com/.