Under the terms of the launch, SRM becomes an affiliate partner of Summit Financial. 

SRM is the 11th firm this year to join Summit Growth Partners , Summit’s partnership model that combines cash monetization with equity participation and exclusive partnership privileges.

By adding SRM, Summit has strengthened its West Coast presence and boosted its assets, bringing the total added to more than $5 billion so far in 2024.

Working alongside McWhorter are partner and director of client services Sandra Parracino, and client associate Kyle Szesnat. Previously, they were at Merrill Lynch, running more than $1.9 billion in client money.

Affiliate firms use Summit’s services, including technology, financial planning, investment management, insurance and operational support. Under its model, advisors keep full ownership of their businesses and are able to choose their custodians. SRM can also take advantage of the recent integration of Goldman Sachs Custody Solutions into the Summit platform.