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
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.
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.
