OAKS, PA — Summit Wealth Group, a rapidly expanding enterprise advisor practice, has announced its pivot to a registered investment advisor (RIA) model through a new partnership with SEI® (NASDAQ: SEIC). The strategic shift promises greater flexibility and control over the firm’s growth, enhancing its ability to deliver tailored solutions to clients.
Based in Colorado Springs, CO, and operating 10 offices across five states, Summit Wealth Group was founded in 1985 by CEO Randy Morris. With a planning-first approach to client relationships, the firm’s decision to adopt the RIA model was driven by an evaluation of industry trends and the goal of enriching client experiences while fostering organic growth.
“We weren’t just looking for a custodian. We were looking for a strategic partner who demonstrated a cultural alignment and could support our growth and vision,” Morris stated. “SEI’s stability, scale, and top-notch service provide the operational efficiency we need to achieve our growth aspirations. Their differentiated ecosystem—combining open-architecture technology with integrated custody and investment management services—can deliver an end-to-end wealth management experience for our clients and help power our growth.”
Summit Wealth Group plans to transition approximately $2.1 billion in assets to the SEI Wealth PlatformSM with support from SEI’s Business Transition team. Through this collaboration, the firm will gain access to SEI’s wide-ranging services, including investment management, portfolio solutions, and advanced planning capabilities aimed at optimizing taxes and income for clients’ benefit.
Michael Lane, Head of Asset Management at SEI, expressed excitement about the partnership, noting, “For more than three decades, we have championed advisor independence because the advice they deliver to their clients doesn’t just guide financial decisions—it builds confidence, strengthens trust, and shapes futures. We share a deep commitment to being relationship-driven and client-centered, and we are excited to serve Randy and the incredible team at Summit Wealth Group.”
With this evolution, Summit Wealth Group is poised to leverage SEI’s innovative technology and wealth management tools to drive growth and elevate client experiences on their 25-year journey toward continued success.
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