Summit Financial, an RIA based in Parsippany, N.J., with $10 billion in assets under administration, announced it has added two firms with $725 million in combined client assets to its network of independent affiliates.
Garrett, Perkins & Horton Advisory Partners in Birmingham, Ala., and Brad Werner & Company in Valparaiso, Ind., have joined Summit Financial, which offers firms a combination of funding and equity, Summit announced today The firms also will have access to back office support and technology, Summit said.
Garrett, Perkins & Horton, which came from Ameriprise, has $530 million in client assets under management. The firm will continue to be led by founder Stephen Garrett Sr. and partners Mark Perkins and Brandon Horton.. The rest of the firm’s also will remain in place, Summit said.
Brad Werner & Company oversees more than $195 million in client assets and specializes in serving credit unions and their members. Carmen Werner, Brad Werner’s wife, will continue as director of operations, Summit said.