Summit Trail Advisors: Platform Profile

Overview

Summit Trail Advisors is an SEC-registered investment adviser serving affluent, high-net-worth and ultra-high-net-worth clients.

Current identity:

• Investment adviser: Summit Trail Advisors, LLC
• CRD: 220519
• SEC number: 801-99352
• Current Form CRS year: 2026

The current Form CRS makes the access rule unusually clear:

The firm does not impose an account or relationship size minimum to open or maintain the advisory relationship.

Current wealth-management and investment-management fees can reach:

• Asset based fee max: 1.50%

May fit better for

• high-net-worth households seeking customized wealth management;
• ultra-high-net-worth families needing outsourced family-office capabilities;
• clients seeking discretionary or non-discretionary management;
• investors comfortable with negotiated AUM pricing;
• families needing planning, lending, reporting, philanthropy or governance coordination;
• eligible investors considering private funds or alternative strategies.

May fit less well for

• investors seeking one simple fixed annual subscription;
• active self-directed traders;
• clients who want no private-market exposure;
• households that need only a basic automated ETF portfolio;
• users who mistake a 1.50% maximum for the universal actual fee;
• clients seeking one universal account minimum as a simple screening rule.

There is no current account or relationship size minimum

Current 2026 Form CRS:

Marketing focus and contractual minimum are different facts.

Asset-based fees can be up to 1.50%

Current Form CRS:

• Wealth management asset based fee max: 1.50%
• Investment management asset based fee max: 1.50%

The client's fee depends on the engagement and agreement.

Summit Trail charges 1.50%.

The accurate statement is:

Summit Trail's applicable asset-based advisory fee can be up to 1.50%.

Asset-based fees are generally collected quarterly in advance

Current Form CRS:

• Billing frequency: quarterly
• Billing timing: in advance

Financial planning can be separately priced

Current Form CRS:

• Hourly financial planning max: $1,000/hour
• Fixed project financial planning max: $75,000

Those are maximum/current reference amounts for applicable planning engagements.

Discretion can vary by relationship

Current disclosures support:

• Discretionary management: Yes
• Non discretionary management: Yes

The client agreement controls whether Summit Trail can trade without obtaining prior approval for each transaction.

Legacy wrap arrangements remain distinct

Current Form CRS references legacy wrap-fee service.

Private funds can appear in portfolios

Current disclosure permits portfolios that can include:

• mutual funds;
• ETFs;
• stocks;
• bonds;
• options;
• private funds.

Private funds can carry separate:

• management fees;
• incentive fees;
• operating expenses;
• liquidity limits;
• valuation risk.

Family-office service is broader than investment management

Current public materials describe outsourced family-office capabilities that can include:

• investment advisory;
• wealth planning;
• capital markets and lending;
• consolidated reporting;
• philanthropy;
• family governance.

These capabilities do not mean every Summit Trail client receives every service.

Affiliated brokerage roles must remain separate

Summit Trail's broader organization can include brokerage activity through Summit Trail Securities, LLC for applicable personnel or transactions.

Custody is third party

The current package does not support one universal custodian for every Summit Trail relationship.

Assessment

Summit Trail's current minimum question is simpler than its high-end branding suggests:

no account or relationship size minimum in the current Form CRS.

The more meaningful economic questions are:

• actual negotiated AUM fee versus the 1.50% ceiling;
• whether planning is included or separately priced;
• discretionary versus non-discretionary authority;
• legacy wrap economics;
• private-fund and third-party costs;
• which family-office services the relationship actually includes.

That is more useful than inventing an asset threshold from the firm's UHNW positioning.