Stratos Wealth Enterprises, part of Stratos Wealth Holdings, has made a strategic investment in Summit Wealth Partners, an SEC-registered investment adviser firm that oversees $600 million in client assets.
Summit is led by Co-Presidents/CEOs Jason Print and Chad Warrick, with offices in Naples, Fla., and Grand Rapids, Mich., along with its headquarters in Orlando, Fla. Summit offers comprehensive wealth management for retirees and pre-retirees, with focuses on financial planning, tax strategies and cash flow planning. The firm includes six financial advisors among its 18 employees.
As part of the investment, Stratos is taking a non-voting, minority stake in Summit, which will continue to be led by Print and Warrick and do business under the Summit brand. Print and Warrick, along with Summit General Counsel William P. Kovacs, an investment lawyer with more than four decades in the wealth management industry, are maintaining stakes in the business. Other terms of the investment were not disclosed.