From Broker-Dealer to Boutique RIA: Why Summit Wealth Made the Leap with Randy Morris
Description
This week, Jack Sharry talks with Randy Morris, Founder & CEO of Summit Wealth Group, a boutique financial planning firm with 10 offices nationwide. With a career spanning more than three decades, Randy brings deep experience in entrepreneurial leadership, holistic planning, and building a stakeholder-driven culture.
Jack and Randy explore Summit’s path to independence and how a focus on culture, ownership, and intentional growth fueled the transition. Randy also shares the key reasons they chose SEI as a strategic partner—from cultural alignment to proactive tax strategies for high-net-worth clients—and what it takes to future-proof a boutique firm in today’s evolving wealth management landscape.
In this episode:
(00:00 ) - Intro
(01:16 ) - Summit’s history and foundational philosophy
(05:05 ) - Why Summit selected SEI as a strategic partner
(09:05 ) - Leveraging SEI’s proactive tax strategies
(10:23 ) - Building and protecting Summit’s company culture
(14:58 ) - Summit's organic growth and intentional M&A approach
(17:34 ) - Randy's key takeaways
(19:12 ) - Randy's interests outside of work
Quotes
"We wanted to continue growing. We felt that growth was paramount, not only to take care of our client's needs in the future, but also the team members that we would add." ~ Randy Morris
"Finding this partner to put on our platform and help us launch Summit 2.0, we found that in SEI." ~ Randy Morris
"What we're about is building a better business, and what better way to do that than to bring in partners who have already been doing this in their location? But we want them to be willing to come in and share best practices and share what's working for you and build a better practice." ~ Randy Morris
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