Advisory M&A News – 11/25/24 | PLANADVISER
investment stakes, Summit Financial has secured a total of $420 million in partnership investments this year. These strategic partnerships offer a combination of upfront cash along with equity participation. The three firms, Southeast Financial Group, Radiance Private Wealth, and Silvertree Retirement Planning, will now have access to Summit’s diverse investment solutions and alternative investments.
Summit Financial’s affiliate, Summit Growth Partners, has been actively seeking opportunities to invest in promising financial firms. By adding these minority stakes in SEFG, Radiance, and Silvertree, Summit aims to provide additional resources and support to help these firms grow and thrive. These partnerships also enable the firms to tap into Summit’s team of experts, including attorneys, tax specialists, financial planning professionals, and investment strategists, to further enhance their services.
Through these strategic investments, Summit Financial is committed to fostering growth and innovation within the financial advisory industry. By combining resources, expertise, and capital, Summit and its partner firms are poised to make a significant impact in the market. This latest round of investments brings Summit’s total strategic investments for the year to 16, solidifying its position as a key player in the financial services sector.
