Summit Financial has announced a minority-stake investment in Ivy Wealth Management, a registered investment adviser (RIA) based in West Warwick, Rhode Island, US.
Ivy Wealth Management, founded in 2010 by Brad Ingegneri, serves high-net-worth families and business owners across the Northeast US.
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This transaction brings over $500m in client assets to Summit Financial’s platform.
Summit Financial Holdings chairman and CEO Stan Gregor said: “Partnerships like these aren’t just about dollars. They enable growth-minded firms to collaborate, innovate, and strengthen our community for the future.
“Brad and his team have built something special, putting clients first, navigating markets with insight, and delivering results with consistency and care.”
Summit Financial is a Securities and Exchange Commission (SEC)-registered investment adviser with more than 40 years of industry experience.
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By GlobalDataThe company’s partnership with Ivy Wealth Management marks its 14th partnership this year, and 27th transaction completed since early 2024.
Its approach focuses on minority-stake investments in independent advisory firms.
This model enables principals of selling firms to retain operational control while gaining access to Summit’s capital, integrated technology, and family-office services.
Currently, Summit Financial manages more than $25bn in client assets.
Ivy Wealth Management founder and president Brad Ingegneri said: “We built Ivy to deliver personalised, sophisticated guidance that brings greater peace of mind for our clients.
“By partnering with Summit, we’re taking our client-first service to a whole new level.
“Ivy can now draw on deeper resources and capabilities, including enhanced technology and investment management platforms, to drive better outcomes for the families we serve.”
In May this year, Summit Financial acquired a stake in Parsons Broach Financial Services to expand its national partnership network.
Parsons Broach Financial Services offers advisors the tools, capital, and resources required to drive growth while helping them maintain operational independence.
