Summit Financial Strategies Market Research Report
Overview
Summit Financial Strategies is a well-regarded fee-only and fiduciary financial firm strategically placed at Easton Town Center, Columbus, Ohio. Established in 1995, the firm underscores its dedication to forging lifelong partnerships with clients, often engaging with families to realize their financial goals. With a strong focus on individualized and relationship-driven services, Summit Financial Strategies stands out in the financial advisory domain by offering personalized financial strategies that mirror client objectives.
Core Services
Summit Financial Strategies delivers a comprehensive spectrum of financial services that include estate planning, tax optimization, retirement strategies, and all-encompassing wealth management. Renowned for a low client-to-advisor ratio, the firm ensures personalized, attentive service and values collaboration by actively working alongside attorneys and accountants to provide synchronized financial plans.
Leadership and Key Personnel
The firm's leadership is a cornerstone of its success, comprising highly qualified professionals known for their expertise and dedication to client success.
- Samantha Macchia, CFP®, CHFC: Partner, President/CEO, Senior Financial Advisor, acclaimed for her wealth management and investment advisory prowess.
- Mike Scherer, CFP®: Partner, Chief Financial Officer, Senior Financial Advisor, a seasoned adviser at Summit since 2006, instrumental in enhancing firm operations and client relationships.
- Joe Reardon, CFP®, CRPS®, AIF®: Partner, Senior Financial Advisor, recognized as a CERTIFIED FINANCIAL PLANNER™ professional with a strong focus on client-centric strategies.
- Ben Skinner, CFP®: Partner, Senior Financial Advisor, expert in retirement income and tax planning.
- Ben Murray, MBA, CFP®: Partner, Senior Financial Advisor, Director of Financial Planning, specializing in strategic planning and client advisory.
Additional leadership roles include:
- Ted Saneholtz, Founder.
- Brian Sutliff, Partner, Chief Marketing Officer, Senior Financial Advisor.
- Tim Swain, Partner, Chief Compliance Officer/Chief Operating Officer, Financial Advisor.
Financial Performance
Summit Financial Strategies reports an estimated annual revenue of $7.1 million with a revenue per employee standing at $168,000. The firm employs 42 staff members and has shown a 5% growth in employee count over the recent year, reflecting a robust growth trajectory.
Company Culture
A commitment to integrity, transparency, and client-focused service defines Summit Financial Strategies' corporate culture. The firm champions a "servers, not sellers" philosophy, ensuring client interactions prioritize client interests over sales targets. A diverse, equitable, and inclusive workplace contributes to a holistic financial advisory approach.
Location and Contact
The firm is situated at 4111 Worth Ave., Suite 510, Columbus, OH 43219-3599. Contact methods include phone call at (614) 885-1115. This positioning offers accessibility to clients across the Columbus metropolitan area.
Notable Achievements and Insights
Summit Financial Strategies consistently updates clients on pressing economic issues like inflation and tax planning, helping them make informed financial decisions. They frequently provide expert insights through newsletters and events. Recognized for strategic growth and partnerships, Summit demonstrates a strong entrepreneurial approach.
Competitors
Summit Financial Strategies operates in a competitive landscape, with key competitors including:
1. Relentless Recovery: Specializes in vehicle and collateral recovery services.
2. Geauga County Auditor's Office: Provides various local government fiscal services.
3. Horter Investment Management: Cincinnati-based, offers customized investment strategies.
4. Purtill Financial: An independent registered investment advisory firm.
5. Stockade Wealth Management: Focuses on a holistic financial planning and investment management approach.
Market Positioning
Summit's market position is bolstered by its client-centered philosophy and individualized strategies. This differentiates them from typical fee-driven advisors, providing a competitive advantage. Competing firms range from holistic wealth management to specific investment advisory specialties, highlighting Summit's adaptability and client-aligned practices.
Growth and Expansion
Summit Financial Strategies continues on a path of growth regarding both revenue and staff, underscoring its strategic acumen and ability to adapt to market changes. The firm's reputation for independent, bespoke financial strategies has cemented its position as a trusted advisor, ensuring resilient growth and firm grounds in a competitive financial landscape.
