PARSIPPANY, N.J.--(BUSINESS WIRE)--Summit Financial, a prominent financial services firm for top independent and breakaway advisors, has added Ed Friedman to its executive team as Head of Business Development and Growth. Friedman is a financial services industry veteran with decades of experience in advancing advisors’ practices and supporting their growth. He will work closely with the executive management team and report to Summit Financial CEO Stan Gregor.
Summit Financial has experienced sustained and strategic growth within the advisor market since the firm announced a minority investment from Merchant Investment Management in August 2019. In that time, the firm has actively grown its SummitVantage offering, a comprehensive and fully integrated suite of services, growth support and technology solutions that unite all facets of a financial advisor’s practice.
“Summit is dedicated to providing the resources that growth-oriented advisors need to strategically manage their practices, and a significant component of that is having the right people in place,” said Gregor. “Ed’s industry experience and recognition will advance this goal, and we expect he will make an immediate impact. His expertise in business development and strategic leadership roles, as well as his background as a financial advisor, supports our mission to deliver what advisors truly need in order to stand apart in the market.”
Prior to joining Summit Financial, Friedman spent nearly six years at Dynasty Financial Partners in several positions, most recently as the National Director of Practice Management. He also headed up the firm’s Enterprise Group, which was geared toward $1 billion-plus RIAs. Earlier in his career, Friedman was part of the founding management team at HighTower Advisors, where he led the firm’s business development effort. Previously, Friedman served as a financial advisor, branch manager and National Director of the Wealth Advisor Program at Morgan Stanley for nearly 22 years.
“I have spent years helping shape the independent wealth management industry and have seen a lot of support models come and go,” said Friedman. “I firmly believe Summit Financial’s SummitVantage offering leads in its structure and value proposition for advisors looking to thrive long term. Summit has a nearly 40-year history of independence and putting client and advisor needs first. That is a rare commodity in this industry, and made this an easy decision.”
Through Summit Financial’s affiliated entities, SummitVantage provides access to in-house professionals who support financial planning, investment management, risk management, operations, client billing, legal and compliance, advisor lending services and HR resources. In addition, Summit Financial has invested significant capital to integrate best-of-breed technologies into a single, proprietary advisor portal.
About Summit Financial
As an independent wealth management firm for almost 40 years, Summit Financial and its affiliates are proud to continue their legacy of guiding clients toward financial success by aligning extensive experience with a forward-thinking philosophy, adapting to industry changes for the sake of best serving our clients now and well into the future. With customized, holistic and hands-on advice, we turn life’s aspirations into success stories. Our financial advice focuses on individual needs and values, not industry norms. To learn more about our firm, please visit our website at www.summitfinancial.com.
Summit Financial, LLC, an SEC registered investment advisor established November 2018, is the successor firm to Summit Equities, Inc. (registered with the SEC in 1991) and Summit Financial Resources, Inc. (registered with the SEC in 1983) for all of their investment advisory and financial planning business.
SummitVantage is a branding slogan only used to identify the services offered by Summit Financial Holdings, LLC’s affiliated firms.