Industry News
Summit Financial stakes $830m New Jersey RIA
Alec Rich / Mar 14, 2025
The investment is the 21st Summit has made since the beginning of 2024 through its partnership network, Summit Growth Partners.
Summit Financial continued its rapid pace of RIA investments on Friday, staking a fellow New Jersey-based firm.
Summit made the investment in Gateway Advisory, an $830m AUM firm, via Summit Growth Partners, the RIA’s partnership network.
Specific financial terms of the deal — including the size of Summit’s stake — were not disclosed, but the Gateway team will join Summit’s headquarters in Parsippany as a result, the company said.
Founded in 2010, Gateway is led by the trio of Brian Power, Jay Flamme and Glenn Blachman. The team, which specializes in a mix of investment advice, risk management, tax planning and estate planning, has four additional employees, according to its website.
‘Summit provides the perfect balance of independence and support, allowing us to enhance our service offerings while preserving the highly personalized service our clients expect,’ Power (pictured) stated.
Since the beginning of 2024, Summit has invested in 21 firms, including Gateway. There are roughly 40 firms...
More News
Industry News
citywire ria
Mar 14, 2025
To read the full article, become an RIA Insider. You'll also gain complimentary access to news, insights, tools and more.
REGISTER NOW
Already an Insider?Log In
All content on this page is drawn from unaffiliated publications. Content on this site is not intended to provide, and should not be interpreted as legal, tax, investment or insurance advice, or recommendations by any party. Capital Client Group, Inc. is not responsible for content created by third parties and they do not explicitly or implicitly endorse or approve such content. Copyrights are held by the individual publications to which each article is attributed.