Aspen Standard Wealth Secures $2.8B Bay Area RIA Summitry

Aspen Standard Wealth, which takes an approach of acquiring RIAs with a plan to build for the long term rather than resell, announced the acquisition of Foster City, CA-based Summitry in a November 4 press release.

With approximately $2.8B in AUM, Summitry specializes in personalized financial planning and strategies, providing clients with institutional-grade investing and advisory services including in-depth financial planning, retirement planning, estate and trust services, and equity compensation advice.

In its most recent Form ADV filing dated July 30, Summitry disclosed $2.45B in managed client assets, with $1.9B of those coming from high-net-worth individuals.

Sources:

https://www.businesswire.com/news/home/20241104135078/en/Aspen-Standard-Wealth-Acquires-2.8-Billion-AUM-Summitry

https://adviserinfo.sec.gov/firm/summary/128586