Summit Trail Advisors Expands Nationally

By: Summit Trail Advisors via Business Wire

June 12, 2024 at 10:00 AM EDT

Fast-Growing Firm takes on $3 Billion High-End ‘Key Client Group’

Summit Trail Advisors, a leading boutique wealth management firm with $18 billion in client assets, today announced the addition of the former Key Client Group of BNP Paribas/Bank of the West to its roster of professionals, serving ultra-high net worth (UHNW) individuals, families, and institutions across the US.

The Key Client Group managed over $3 billion in client assets at BNP Paribas’ Bank of the West before it was acquired by BMO in 2023. The team is comprised of 10 seasoned professionals including:

Mr. David Hultman and Ms. Danielle Louton, Partners and Advisors based in San Francisco
Ms. Shima Salehi, Partner and Advisor based in Portland, Oregon, leading the firm’s expansion in the Pacific Northwest
Mr. Matthew Marsh, Partner and Advisor based in Denver, Colorado, leading the firm’s expansion in the Rocky Mountain Region
Mr. Ali Homayounfar, formerly Head of the Key Client Group, Partner and Head of Business Development based in New York
Mr. Roberto Homar, Advisor and Portfolio Management Specialist based in New York
Mr. Tony Morel, Investment Specialist based in New York
Mr. Dimitre Ivanov, Head of Business Management and Client Reporting based in Chicago
Ms. Ina Locsin, Client Service Officer based in San Francisco
Ms. Tannaz Sanandaj, Client Service Officer based in Los Angeles

“We are thrilled to welcome this incredibly talented team to Summit Trail,” said Jack Petersen, Managing Partner of Summit Trail Advisors. “Their culture, expertise and commitment to their clients made this a perfect fit and will strategically enhance our national footprint in key new markets.”

The new offices in Portland, Oregon and Denver, Colorado, will join existing Summit Trail locations in New York, New York; Harrisburg, Pennsylvania; Boston, Massachusetts; Chicago, Illinois; San Francisco, California; and Seattle, Washington.

Summit Trail has developed a robust technology and reporting infrastructure in its 9 years as an independent firm, solidifying its position as a leader in the industry. The firm serves individuals and families who have outgrown traditional wealth management and seek a more dynamic approach previously only found in private “family offices” or entities that provide investing, tax, governance, and legacy planning to UHNW families.

"This expansion marks a new chapter for Summit Trail Advisors, reinforcing their dedication to delivering premier wealth management services across the country,” said Shirl Penney, CEO and Founder of Dynasty Financial Partners. “We are excited to support their dynamic growth and are confident that their enhanced presence nationally will bring unparalleled value to their clients."

Dynasty Investment Bank served as exclusive buy-side advisor to Summit Trail Advisors and provided financing for the transaction.

About Summit Trail Advisors

Founded in 2015, Summit Trail Advisors is a leading boutique wealth management firm which serves as the outsourced family office and CIO for ultra-high net worth individuals, family offices, and non-profit entities, intentionally leveraging the power of its network for the benefit of its clients. It is a large institutional client of the street and sources differentiated investment opportunities, credit solutions, and other professional services for its clients on a completely open architecture basis, using its scale to drive pricing power for clients and to attract the industry’s top talent. For more information, please visit http://summittrail.com.