Summit Financial, a Parsippany-based, preeminent investment advisory firm offering integrated wealth management and planning services, in collaboration with Merchant, announced a minority investment in Signet Financial Management, an RIA managing $1.2 billion in client assets, expanding Summit’s national platform of advisory firms.
Signet, founded in 1988 and with an office in Parsippany, is one of the largest RIA firms to join forces with Summit. Led by principals Eugene Yashin, CFA, Steve Tuttle and Shawn Hirsch, CFP, the firm has offices in New Jersey, Virginia and Florida, and is ranked No. 40 on the CNBC Financial Advisor 100 list.
The firm advises families, individuals and business owners on comprehensive financial planning and investment management.
“We are honored and humbled that Signet has agreed to partner with Summit. Eugene, Steve and Shawn have done an amazing job taking their business from where it began to here, building a top-tier firm,” said Stan Gregor, chairman and chief executive, Summit Financial.
“By joining Summit and gaining access to all of our wealth management, technology and business resources, we’re excited to see Signet achieve even greater heights.”
Through the partnership, Signet advisors gain access to Summit’s broader platform, including its professional strategy team of financial planning, investment and tax specialists, as well as institutional investment resources available through Summit’s national scale.
“We are thrilled to join Summit to take our firm to the next level,” said Yashin, Signet Financial co-founder, CEO and chief investment officer.
“Our collaboration enables us to further enhance our top-tier service offerings, helping us meet the evolving needs of clients who rely on Signet to help them achieve their financial and life goals.”
The partnership is designed to support more complex planning needs for high-net-worth and multigenerational clients.
