The deal provides Genex with access to Summit’s multi-family office ecosystem and a dedicated strategy group. Credit: wutzkohphoto/Shutterstock.

New Jersey-based RIA Summit Financial has picked a stake in Genex Consulting, a multi-family office headquartered in Kirkwood, Missouri.

This deal, which is Summit Financial’s first investment of the year, has been facilitated through its alliance with Merchant Investment Management.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Genex’s expertise spans investment planning, retirement planning, executive compensation, risk management, estate planning, as well as business consulting.

Its approach is tailored to individual, family, and business owner needs, aiming to support their long-term financial objectives.

The firm, with $700m in assets, is headed by principals Brian Redders, Michael Sluhan, and Chad Hemphill.

Summit Financial highlights that its assets under advisement is now approaching $20bn.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Redders said: “Partnering with Summit marks a pivotal moment in our growth, enabling us to deepen relationships with clients and help them achieve their financial goals in new and meaningful ways.”

The partnership provides Genex with access to Summit’s multi-family office ecosystem and a dedicated strategy group, including in-house attorneys, tax specialists, financial planners, and investment strategists.

Summit Financial Holdings CEO Stan Gregor said: “Bringing Genex and its core team into the Summit Financial family reinforces our commitment to supporting entrepreneurial advisors with a model that prioritises independence, growth and long-term success.

“Our partnership approach goes beyond investment solutions — it’s about providing a collaborative, multi-family office experience that helps firms like Genex elevate their client relationships and achieve lasting impact.”

In December 2024, Summit Financial enhanced its capabilities in the retirement planning segment by acquiring a minority interest in Gordon Asset Management, a North Carolina-based RIA.