Summit’s modern approach to scaling wealth management elevates the advisor-client experience and transforms how advisors work with clients by creating a platform that truly reflects each firm’s values and approach.
SAN FRANCISCO (PRWEB) December 14, 2022
Summit Wealth Systems (“Summit”), an innovative cloud software company focused on wealth managers and their clients, announced today the launch of a new “Wealth Journey” relationship overview tool, powered by its award-winning Abundance engine. Additionally, the company is experiencing growing momentum in its business and as a result has doubled its staff, hiring across all departments, and opening a new office in Jacksonville, FL.
Summit’s modern approach to scaling wealth management elevates the advisor-client experience and transforms how advisors work with clients by creating a platform that truly reflects each firm’s values and approach. With over $20 billion on the platform, Summit’s momentum and adoption is accelerating with RIAs, while at the same time, gaining industry recognition as a “Technology Disruptor,” by winning the prestigious wealthmanagement.com’s highly competitive 2022 Industry Award for Industry Disruption.
“We are delighted with advisors’ and the industry’s reaction to our new capabilities and WealthOS,” said Reed Colley, CEO of Summit. “We continue to invest aggressively in our technology, infrastructure and people to enable advisors to have better and deeper conversations with clients around their long-term financial goals and objectives in a much more human approach.”
The new “Wealth Journey” tool highlights the human elements to the Advisor-Wealth Owner relationship within its WealthOS including:
- Milestones: reflections of past and future momentous events in their personal & financial lives
- Activities: highlights all the value-add tasks an Advisor has accomplished on behalf of their wealth owners
- Meetings: memorialize the details of all engagements between the Advisor and wealth owner
Under the hood of the new Wealth Journey is Summit’s Abundance engine, the metadata-driven system that leverages “Atomic Design”, and enables advisors to personalize and implement their own private tech stacks through a highly intuitive, visually compelling, and configurable interface.
“Through our many years of experience in operating and growing an RIA firm, we’ve evolved our technology from legacy platforms that were solving a math problem, to now with Summit, transforming how we engage with clients foundationally,” said Matt Berquist, Managing Director, of Intrepid Private Wealth. “Summit’s new platform tightly aligns around the conversations we are having with our clients and what we believe will be the future for delivering wealth management services.”
Summit leverages the latest cloud-native technologies to enable advisors to design their own personalized, modern, mobile, and desktop applications by creating each firm’s own private tech stack. Summit integrates visual balance sheet, personalized wealth modeling, financial planning, and advisor-client collaboration tools along with robust portfolio management and performance reporting capabilities to deliver a significantly more humanized wealth experience for advisors and their clients. Additionally, through advanced data management technologies, advisors own, control and manage their own data that is secure, private, and not commingled with other advisors’ data – addressing a significant issue common to today’s legacy systems.
“Next on our product road map will be to develop collaborative prospecting tools for Advisors to combine all stages of their client lifecycle in a single experience,” said Colley. “It truly is an exciting time for the independent advisory industry and we look forward to continuing to drive innovation so that advisors will remain paramount in their clients’ lives.”
To learn more about Summit’s offering and approach, visit http://www.summitwealth.io
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About Summit Wealth Systems
Founded by industry veterans Reed Colley, founder and former CEO of Black Diamond, and Anthony Sperling, Summit Wealth Systems is a modern and innovative cloud and mobile software company focused on wealth managers and their clients. Summit’s simple and elegant approach to scaling wealth management elevates the advisor-client relationship and will transform how advisors work with clients.