Summit Trail Advisors, Llc
- Regulatory AUM
- $19.9B
- Discretionary
- $11.1B
- Clients
- 742
- Avg AUM / client
- $26.9M
- Accounts
- 9,778
- Employees
- 94
AUM over time
Annual snapshots from Form ADV filings · as of May 26, 2026
Asset allocation (SMA assets by investment type)
as of May 26, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 51 | $194M | 0.97% |
| High net worth individuals | 588 | $16.3B | 81.9% |
| Pension and profit sharing plans | 38 | $16.1M | 0.08% |
| Charitable organizations | 9 | $925M | 4.64% |
| Corporations and other businesses | 56 | $2.5B | 12.4% |
Private funds (19)
View all →Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $1.8B combined gross assets
People (31)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| David Wade Romhilt | Chief Investment Officer | CFA | Jul 2015 (11y) | Less than 5% |
| Jack Barry Petersen | Manager/Member | Jul 2015 (11y) | Less than 5% | |
| Erigo, Joseph | Chief Compliance Officer | Sep 2024 (2y) | Less than 5% | |
| Peter Christopher Lee | Registered representative | Jul 2015 (11y) | ||
| Thomas Peter Palecek | Registered representative | Jul 2015 (11y) | ||
| Daniela Pedley | Registered representative | Aug 2015 (11y) | ||
| Jerome D Lucas | Registered representative | Oct 2015 (11y) | ||
| Michael Charles Cohen | Registered representative | Oct 2015 (11y) | ||
| Megan Sclafani Vacca | Registered representative | Oct 2015 (11y) | ||
| Peter C. Gambee | Registered representative | Oct 2015 (11y) | ||
| Lauren Sardina Cosulich | Registered representative | Oct 2015 (11y) | ||
| Benjamin Paul Johnson | Registered representative | Aug 2016 (10y) | ||
| Michelle Walker Rudd | Registered representative | Jul 2019 (7y) | ||
| Kevin Charles Curtis | Registered representative | CFP | Aug 2019 (7y) | |
| Jonathan Douglas Williams | Registered representative | Aug 2019 (7y) | ||
| Jonathan Louis Nickow | Registered representative | CFP CFA | Feb 2021 (5y) | |
| Danielle Patricia Mchugh | Registered representative | Jul 2021 (5y) | ||
| Seth Aaron Katz | Registered representative | Sep 2021 (5y) | ||
| Jonathan Wilson | Registered representative | Dec 2022 (4y) | ||
| Robert Andres Homar Lopez | Registered representative | Feb 2024 (2y) | ||
| Dimitre Ivanov | Registered representative | Apr 2024 (2y) | ||
| Danielle Rae Louton | Registered representative | CFP | Apr 2024 (2y) | |
| Matthew Fielding Marsh | Registered representative | CFP | May 2024 (2y) | |
| Shima Salehi | Registered representative | CFP | May 2024 (2y) | |
| Paul Damien Hoskin | Registered representative | CFP | Aug 2024 (2y) | |
| Jose Alberto Reynoso | Registered representative | May 2025 (1y) | ||
| Jonathan Stephen Powell | Registered representative | CFA | Jun 2025 (1y) | |
| Lawrence Aloysius Whipple | Registered representative | Dec 2025 (1y) | ||
| Jerome C Deren | Registered representative | Jan 2026 (1y) | ||
| John William Scarborough | Registered representative | Jan 2026 (1y) | ||
| David Ryan Hultman | Registered representative | Feb 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Summit Trail Holdings, Llc | Member | Jan 2020 | A | 75% or more |
| Kilo Summit Trail, Llc | Member | Jan 2018 | A | 5% – 10% |
| Cedar Kilo Trust | Member | Jan 2018 | B | ≈ 1.25% – 5% via Kilo Summit Trail, Llc |
| Magnolia Kilo Trust | Member | Jan 2018 | B | ≈ 1.25% – 5% via Kilo Summit Trail, Llc |
| Redwood Kilo Trust | Member | Jan 2018 | B | ≈ 1.25% – 5% via Kilo Summit Trail, Llc |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Cedar Kilo Trust: 25% – 50% of Kilo Summit Trail, Llc × 5% – 10% direct ≈ 1.25% – 5% of the firm
- Magnolia Kilo Trust: 25% – 50% of Kilo Summit Trail, Llc × 5% – 10% direct ≈ 1.25% – 5% of the firm
- Redwood Kilo Trust: 25% – 50% of Kilo Summit Trail, Llc × 5% – 10% direct ≈ 1.25% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (19, $1.8B gross assets)
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/26/2026 | 3.94 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Pershing $6.2B (31% of AUM) May 2026
- Charles Schwab & Co. $2.9B (14% of AUM) May 2026
- Fidelity Brokerage Services $2.3B (12% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 26, 2026.
View current Form ADV (SEC/IAPD) ↗