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About Summit Capital Advisors |
Summit Capital Advisors |
WHAT WE DOSummit Capital Advisors (Summit) is a fee-only Washington State registered investment advisory firm located in (Old Town) Tacoma, WA. Summit provides Wealth Advisory Services including Comprehensive Financial Planning and Investment Management to soon-to-be affluent, nearly affluent and wealthy individuals, as well as business entities. We recognize that along with financial success comes increased responsibilities and complexity. At Summit, we provide a holistic approach to managing all aspects of our clients’ financial situations. By doing so, we can take advantage of the critical interdependencies among investments, income and estate taxes, providing income for retirement, daily expense management, as well as business counseling and philanthropic decision-making, if appropriate. We recognize that our clients’ unique financial needs and goals change over time, so we offer a spectrum of services. We can demonstrate the short-term as well as long-term benefits of smarter tax strategies and improved investment decisions. We will also show our clients how to securely transfer money to loved ones, establish a trust or foundation, or simply help them to manage their finances on a daily basis. WHO WE SERVEOur services are designed to assist the Soon-to-be-Affluent, Affluent (those individuals that have investment assets of $300,000 to $3,000,000) and Wealthy (those individuals whose investment assets exceed $3,000,000) individuals and their family members, as well as business entities. Our clients typically seek unbiased advice with individually tailored recommendations, improved after-tax results especially with regard to investments, assistance with regard to the transfer of wealth to the next generation, protection of their wealth, and reduction of time spent overseeing their affairs and dealing with a multitude of advisors. We offer our all-encompassing personalized Wealth Advisory Services in essentially the same manner as that being offered by family offices for super wealthy (typically more than $200,000,000 of investment assets) families, where all of that family’s advisors are under one roof and operate as a team in addressing only that client’s needs in a concerted manner. How we differ from a family office that deals only with one very wealthy client is that we serve those clients whose level of wealth cannot justify a team of advisors working exclusively for them. In other words, we provide the same types of services to multiple clients. HOW WE DIFFER FROM OUR COMPETITIONWe differ from most of our competitors in several ways. First we are compensated exclusively by fees paid by our clients allowing us to work in our clients’ best interests and solely for them. In other words, we act in a fiduciary capacity when advising our clients. Unlike us, many of our competitors receive the bulk, if not all, of their compensation (commissions) from the products they sell. Many times there are hidden commissions and compensation fees, which are not transparent to the client. In that capacity, by law those advisors are required to work in their firm’s best interest, not the client’s. The second major way in which we differ from our competitors is that we work as a team for our clients, providing personal attention every step of the way. In most firms, each advisor has his or her own set of clients. While any two advisors in the same firm may operate in a somewhat similar manner, clients almost always receive two different levels of service as well as quality of advice. At Summit, all clients are firm clients and are counseled in the same manner and receive the same innovative level of advice and hands-on, courteous service. Each of our advisors specializes in a different area and works on the clients’ behalf in a concerted manner thereby ensuring the quality of advice and level of service we are providing. Also, we take over the time-consuming task of managing client’s affairs among multiple advisors both internal and external to Summit. We are always eager to work with a client’s existing advisors to recommend strategies that address our client’s needs. Should a client need an advisor in a particular area that requires expertise that Summit does not provide, (for example a labor attorney, if we were counseling a business), we will recommend a prescreened professional who can assist in this area. We further differ from our competitors in that we create customized solutions for our clients. One simple example of this is, oftentimes, our clients come to us with investments, which have a low cost basis. At many of our competitor’s firms, they would simply sell the assets and fit the proceeds into their investment offering. At Summit, a comprehensive analysis of all securities as well as their tax ramifications would first take place and then be discussed at length. A strategy would then be developed and agreed upon by the client. If a particular security no longer fits the portfolio, a plan of attack would be developed to liquidate it. Typically, securities with a low cost basis would be whittled down over time, utilizing losses from other securities. Not only do we have a number of investment management offerings, which can be tailored to each client’s needs, we are constantly on the lookout for new investment strategies, which we can offer to our clients. Back to Top OUR EXPERTISE AND HOW IT IMPACTS OUR
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