Summit Investment Advisory Services Aligns with Merchant Investment Management Through Minority Stake


NEW YORK–(BUSINESS WIRE)–Summit Investment Advisory Services has announced its partnership with Merchant Investment Management, an alignment that will support the company’s specialized service offering for retirement planning and will also emphasize Summit as a destination company for like-minded advisors.

In business for over 30 years, the company delivers a sophisticated customer experience from offices in Minnesota, Wisconsin and Florida. Summit offers integrated financial and retirement income planning, investment management, estate and tax planning services. A key initiative was to consolidate the platform with tools and capital solutions for advisor growth.

“We were looking for a partner who understood our business and who could bring more to the partnership than capital. Merchant’s industry expertise and investment approach really gave us confidence,” said Summit President Sean McDermott, CFP. “Merchant’s strategic M&A resources are complemented by a partnership structure that gives us freedom of choice and enables us to focus on best serving our customers and attracting more exceptional talent. ”

Merchant aligns with its partner companies through long-term minority investments, an approach that today represents a community of private partnerships. Merchant says the Summit Investment Advisory Services partnership is focused on retirement planning, as well as financial strategies that can be leveraged regardless of a client’s age or planning phase.

“With 10,000 Americans turning 65 every day and retirements getting longer, there is a real need for quality financial planning and retirement income strategies,” said Merchant CEO, Rob Schimmel. “The Summit team’s comprehensive service offering and expertise make it possible to offer a personalized financial partnership to clients and their families.”

“This is a long-term investment in the continued success and growth of Summit Investment Advisory Services, an independent registered investment adviser,” said Tim Bello, managing partner of the merchant. “This is a proven consulting company already operating on all cylinders, and our partnership with Summit allows them to invest in their own business, capitalize on growth opportunities and provide comprehensive, personalized advice. to customers.”

Securities offered by LPL Financial, member FINRA/SIPC. Investment advice provided by Summit Investment Advisory Services, a registered investment adviser. Summit Investment Advisory Services and Merchant Investment Management are separate entities from LPL Financial.

About Summit Investment Advisory Services

Summit Investment Advisory Services is a team of experienced financial professionals specializing in retirement planning. Summit understands that individuals face unique challenges as they prepare for retirement and can help define a proactive approach to planning for today and tomorrow. Whether preparing retirement income, college savings or an estate strategy, Summit’s personalized service focuses on clients’ financial needs, wants and goals. For more information, please visit

About Merchant Investment Management, LLC

Merchant is a private partnership that provides growth capital, management resources, strategic opportunities and direction to independent financial services companies, particularly those focused on wealth and asset management. For more information, visit


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