June, 2025 | Summit Wealth Group Announces Strategic Investment to Support Long-Term Growth
Colorado Springs, CO., June 2, 2025 — Summit Wealth Group (Summit), a $2.1 Billion, award-winning independent Registered Investment Advisor (RIA) firm, is proud to announce a strategic minority investment from Constellation Wealth Capital (CWC), an alternative asset management platform that specializes in making tailored investments in independent wealth management firms.
This investment marks an important milestone in Summit’s journey of thoughtful, intentional growth. With a history rooted in service and partnership, Summit will use this strategic investment to enhance the tools and services it offers to clients, while continuing to prioritize its independence, fiduciary values, and personalized approach.
“We’ve always believed that when we take care of our clients and our people, growth will follow,” said Randy Morris, CFP®, CEO and founder of Summit Wealth Group. “Constellation Wealth Capital understands that philosophy. Their team brings not only financial backing but also strategic insight that will help us scale with care.”
Over the past decade, Summit has grown from a small advisory firm to a multi-state organization with ten offices spanning across five states and more than $2.1 billion in assets under management. Despite that growth, the firm has maintained its boutique feel—emphasizing deep relationships, holistic planning, and a collaborative team culture.
The investment will fuel Summit’s growth into new regions and strengthen key areas, including advisor training, client experience, marketing, and technology, all while ensuring clients continue to receive the high-touch service they value.
“We are proud to partner with Randy and his team in this next phase of their growth journey, said Karl Heckenberg, President and Managing Partner of Constellation Wealth Capital. “Our partnership with Summit represents a shared commitment to sustainable growth and deepening the impact they have on clients, advisors, and employees across the country.”
The firm will continue to be majority employee and advisor-owned, with its leadership and advisors maintaining control of its direction and day-to-day operations.
FP Transitions served as advisor to Summit Wealth Group for this transaction.
About Summit Wealth Group
Founded in 2002, Summit Wealth Group helps clients gain clarity and confidence in their financial lives. With offices across Colorado, Mississippi, Arizona, South Dakota and Tennessee, the firm offers comprehensive financial planning and investment management grounded in a relationship-first philosophy. Summit is a fee-based fiduciary, committed to always acting in the best interests of its clients. Learn more at www.summitwealthgroup.com.
About Constellation Wealth Capital
Constellation Wealth Capital (CWC) is an alternative asset management platform dedicated to the wealth management sector. CWC provides flexible, long-term capital solutions, and strategic advisory support to scaled wealth management platforms. CWC leverages its deep industry experience and relationships for the benefit of its partner firms. Learn more at www.ConstellationWealthCapital.com.
Summit Wealth Group, LLC, (“SWG”) is a registered investment advisor under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Form ADV Part 2A can be obtained by visiting https://adviserinfo.sec.gov and searching for our firm name. ADV Form 2B is available upon request. Neither the information nor any opinion expressed is to be construed as solicitation to buy or sell a security or personalized investment, tax, or legal advice.