Summit Financial Acquires $500M Chicagoland RIA Midway

Summit Financial, through its partnership model Summit Growth Partners, announced the acquisition of Midway Wealth Partners, adding $500M to the firm’s client assets and expanding its footprint in the metro Chicago market.

The acquisition of Arlington Heights, IL-based Midway marks the 17th strategic partnership executed through Summit Growth Partners. Earlier in November, Dakota reported that Summit acquired three advisory firms: Southeast Financial in North Carolina, Radiance Private Wealth in New Jersey, and Silvertree in Wisconsin. The firm also took a minority stake in two RIAs based in Oklahoma and Pennsylvania in September, according to Dakota.

Summit said Midway Wealth, which operates a team of 19 according to its web site, will continue to operate under the leadership of Richard Babjak and Dennis Ryan.

Written By: Dakota

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Summit Financial Acquires $500M Chicagoland RIA Midway

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