Summit Trail Advisors Expands to Newport Beach, CA Market

By: Summit Trail Advisors via Business Wire

August 15, 2024 at 10:00 AM EDT

Paul D. Hoskin CFP Joins From High-End ‘Key Client Group’

Summit Trail Advisors, a leading boutique wealth management firm with $18 billion in assets under management, announced today that Paul D. Hoskin, CFP, has joined the firm as Partner and Advisor in Newport Beach, CA.

On June 11, 2024, Summit Trail Advisors announced that ten professionals from the Key Client Group of BNP Paribas/Bank of the West had joined its roster of professionals serving ultra-high net worth (UHNW) individuals, families, and institutions, significantly expanding the firm’s U.S. footprint. 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.

Mr. Hoskin was a Key Client Group Advisor based in Newport Beach managing over $500 million in assets while providing advisory services to business owners and UHNW families. He specializes in helping business owners with their capital needs, succession planning, and managing their personal generational wealth. Previously, he worked at Citibank and US Trust.

“We are thrilled to welcome Paul to Summit Trail,” said Jack Petersen, Managing Partner of Summit Trail Advisors. “His deep experience working with business owners in the Southern California market will be crucial to the further expansion of our business.”

The addition of an office in Newport Beach, CA, will bring Summit Trail’s total number of locations to 10. The firm maintains a presence in key markets across the country: New York, NY; Boston, MA; Harrisburg, PA; Chicago, IL; Dallas, TX; Denver, CO; Seattle, WA; Portland, OR and San Francisco, CA.

Mr. Hoskin added: “I look forward to serving my clients by leveraging the exceptional investment and estate planning capabilities of Summit Trail Advisors, as well as its family office resources.”

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.

Summit Trail is a member of the Dynasty Network of independent advisory firms. Fifty-six independent firms and over 400 advisors comprise the Dynasty Network. With average assets under management (AUM) per firm of $1.8 billion and average assets per advisor of approximately $250mm, the Dynasty Network represents some of the highest AUM-per-firm and assets-per-advisor ratios in the industry.

For more information, please visit http://summittrail.com.