Our Story
Summit Wealth Group's inception dates back to 1985 when CEO Randy Morris founded Executive Financial Planning, Inc. (EFP) with a desire to provide independent, customized advice to clients with a financial planning emphasis.
Over the next 17 years, EFP grew to become one of the nation's largest independent financial advisory firms. The formation of Summit Wealth Group in the fall of 2002 deepened that initial vision.
Today, Summit Wealth Group is headquartered in Colorado Springs, CO and has locations in five different states with ten total branch offices. Summit Wealth Group specializes in a planning-first approach in its relationships with clients.
From One Branch to Ten
Since establishing our headquarters in Colorado Springs, we’ve focused on expanding our reach into other parts of the country.
BankFirst (2005): Our first foray beyond Colorado was through a strategic alliance with BankFirst, a regional community bank based in Madison, MS. This marked our initial remote location, setting the stage for further growth. Our partnership with BankFirst expanded our reach beyond Colorado, allowing us to serve clients in Mississippi. This collaboration enriched our expertise and diversified our client base.
Lakewood, CO (2009): Having an office in Lakewood allowed us to extend our services to clients in the Denver metropolitan area.
Scottsdale, AZ (2010): Our presence expanded to Scottsdale, catering to clients in the southwestern region.
Cook Financial Associates (2011): We acquired Cook Financial Associates, based in Lone Tree, CO. This strategic move added depth to our services and established our fifth branch office.
Precepts Wealth Management (2013): Gary James and his practice, Precepts Wealth Management, joined Summit from Meridian, MS. Their commitment to personalized financial services aligned perfectly with our values.
David Lee Financial (2015): David Lee Financial merged with Summit, granting us a branch office in Memphis, TN. This partnership allowed us to serve clients in the mid-South region effectively.
Dave Adams and Adams Investment Strategies (2021): Dave Adams and his firm, Adams Investment Strategies, in Franklin, TN (near Nashville), became Summit’s second Tennessee branch office.
Kurt Whitesell and Whitesell Financial (2022): Kurt Whitesell and his team from Whitesell Financial joined Summit, further enhancing our capabilities in the Midwest.
Legacy Wealth Planners (2023): Most recently, Legacy Wealth Planners joined Summit, reinforcing our commitment to comprehensive wealth management. It strengthened our presence in the Rocky Mountain region.
Summit Wealth Exits Commonwealth Prior to LPL Buyout to Become RIA
As Commonwealth advisors weigh their futures following the firm's sale, Summit Wealth Group is charting its own course as an independent RIA with $2.1 billion in assets, moving to SEI's custodian platform. Read the full article here.
Our Resources
For those considering joining Summit Wealth Group, our focus is on transparency, mutual understanding, and long-term development to continue to build successful and fulfilling relationships.
Are You Ready to Exit Your Practice — But Unsure Where to Start?
One of the greatest challenges senior and founding advisors face is creating a clear, successful path to retirement or transition. You’ve built a thriving business and earned your clients’ trust over decades, but navigating succession planning can feel complex and overwhelming.
Download our free guide: "5 Keys to a Successful Succession Plan for Financial Advisors"
In this resource, we’ll walk you through:
Creating a clear vision for the future of your business
Communication with your team
Your transition
Start planning with confidence. Whether you're 5 years away or just beginning to think about your exit, this guide is packed with insights to help you take the next step.
Visit Us
13710 Struthers Road, Suite 115 Colorado Springs, CO 80921
Hours
8 AM - 5 PM Monday - Thursday
8 AM - 3 PM Friday
Phone
(719) 633-4033
If you are an elite solo advisor or ensemble looking to scale, thrive, and secure your legacy, getting started is easy:
Click "Join Summit" to schedule a meeting.
We will connect with you to discuss the opportunity to join Summit or sell your book.