M and A
Summit Trail Advisors Add $3 Billion AuM Group
The new offices in Portland, Oregon, and Denver, Colorado, will join existing locations across the US.
Summit Trail Advisors, a US wealth manager with $18 billion in client assets, has added former Key Client Group of BNP Paribas/Bank of the West to its roster of professionals.
The Key Client Group, managing over $3 billion in assets for ultra-high net worth clients, comprises 10 financial professionals.
The team includes:
-- David Hultman and Danielle Louton, partners and advisors based
in San Francisco;
-- Shima Salehi, partner and advisor based in Portland, Oregon,
leading the firm’s expansion in the Pacific Northwest;
-- Matthew Marsh, partner and advisor based in Denver, Colorado,
leading the firm’s expansion in the Rocky Mountain
Region;
-- Ali Homayounfar, formerly head of the Key Client Group,
partner and head of business development based in New
York;
-- Roberto Homar, advisor and portfolio management specialist
based in New York;
-- Tony Morel, investment specialist based in New York;
-- Dimitre Ivanov, head of business management and client
reporting based in Chicago;
-- Ina Locsin, client service officer based in San Francisco;
and
-- Tannaz Sanandaj, client service officer based in Los Angeles.
The new offices in Portland, Oregon and Denver, Colorado, will join existing Summit Trail locations in New York; Harrisburg, Pennsylvania; Boston, Massachusetts; Chicago, Illinois; San Francisco, California; and Seattle, Washington.
"This expansion marks a new chapter for Summit Trail Advisors, reinforcing their dedication to delivering premier wealth management services across the country,” Shirl Penney, CEO and founder of Dynasty Financial Partners, said.
Dynasty Investment Bank – part of Dynasty Financial Partners – served as an exclusive buy-side advisor to Summit Trail Advisors and provided financing for the transaction. Summit was founded in 2015.
This news service recently published a guest article from Andrew Marsh, who is vice chairman of Dynasty Financial Partners. In an article published here, Harris Baltch, head of Dynasty’s Investment Bank, gave his views on the most efficient and effective processes for achieving the best outcomes in RIA M&A. See here for Dynasty's partnership with MIT.
(See here for a recent story about Summit.)
