Firm Description
Summitry, LLC (“We” or “Summitry”) is a registered investment advisor with the Securities and Exchange
Commission. Golub Group was established in December of 2003 and changed the name of the firm in January of
2020 to Summitry, LLC. Registration of an investment advisor does not imply any level of skill or training.
Principal Owners
Colin Higgins, President & Chief Executive Officer, is the Principal Owner of Summitry, LLC.
Types of Advisory Services
We provide financial planning and portfolio management services on a discretionary basis as stated in the
investment advisory agreement. Summitry is also the investment adviser to the Summitry Equity Fund (“GGEFX”),
a mutual fund (“Fund” or “the Fund”) invested in the same manner as the Summitry Equity product, listed below.
Account supervision is guided by the objectives of the client. Any investment advice provided by Summitry is based
on several factors, including but not necessarily limited to, the client’s investment objectives, risk tolerances, asset
class preferences, time horizons, liquidity needs, and expected returns. For certain qualified clients, we also provide
manager selection services for private placements such as private equity investments.
Summitry’s internally managed (“Core”) strategies are employed as a key component of our clients’ broader strategic
asset allocations (“SAA”). These Core strategies are comprised of individual stocks, bonds and ETFs selected by our
Research Team in diversified portfolios with the following targeted mix across asset classes:
• Equity – A target of 100% Equities
• Equity Income – A target of 85% Equities & 15% Fixed Income
• Balanced – A target of 65% Equities & 35% Fixed Income
• Balanced Income – A target of 55% Equities & 45% Fixed Income
• Income - A target of 35% Equities, 55% Fixed Income & 10% Cash
• Sustainable Income – A target of 70% Equities & 30% in income producing securities, which could include
bonds, ETFs, preferred securities, REITs and MLPs
To complement these Core strategies in a client’s SAA, we may also engage third party investment management
firms (“Independent Managers”) whose investment strategies fit within specified asset classes to manage a portion
of clients’ accounts. We refer to these strategies, collectively, as “Explore.” Independent Managers invest directly,
on a discretionary basis, in securities within a specified asset class using strategies consistent with the client’s SAA.
For discretionary client accounts, we determine the timing and amount of allocations of a client’s assets in and out
of the portion of the account, both to maintain the appropriate allocation of the client’s portfolio to that asset class,
and to reflect our ongoing assessment of the Independent Manager’s performance relative to other investment
options in that asset class.
Please see the Methods of analysis, Investment Strategies and
Risk of Loss Section for more information.
Tailored Relationships
We tailor our advisory services to the individual needs of clients, which may include financial planning services and
educational seminars/workshops. The educational seminars/workshops may be offered periodically and may
include topics such as social security, estate planning, tax planning, insurance, etc. These seminars are part of the
service we provide for our clients. There is no additional fee for these services. We will help the client identify a
strategic asset allocation that is consistent with the client’s investment objectives, risk tolerance, time horizon,
liquidity needs, asset class preferences and other client criteria. Through personal discussions in which goals and
objectives based on client’s particular circumstances are established, we develop investment policy statements to
describe the Core and/or Explore strategies that we will employ to service their objectives. Clients may impose
restrictions on investing in certain securities or types of securities. These restrictions must be specified in the
Investment Management Agreement (the “Agreement”) and agreed upon in advance. We may also, engage an
Independent Manager to manage a portion of a client’s assets. Such Independent Manager will charge fees in
addition to [and separately from] Summitry, which we will pass on to the Client.
Estate Planning Services
Summitry may offer to introduce clients to unaffiliated law firms that provide estate planning document review,
preparation, and other legal services. Summitry may pay some or all of our clients’ legal fees for these services.
Summitry and any such law firms do not share common ownership, and the services of Summitry and the law firms
are separate and distinct from each other. Participating clients sign a separate engagement agreement with the law
firm they engage, thereby preserving direct attorney-client relationship and consenting to have Summitry pay the
associated fee up to a specified amount, depending on the scope of the engagement, which is outlined in the law
firm’s engagement agreement. Excess fees beyond the specified amount are paid by the client. Confidentiality may
be waived at the client’s option to enable the attorney to share information and advice with Summitry. Clients are
never obligated or required to engage any such law firms or to waive confidentiality.
Model Platforms
Summitry provides its Equity model to various platforms. We do not have investment advisory relationships with
any customer who purchases the model from these platforms.
Wrap Fee Programs
Summitry does not utilize wrap fee programs, but Independent Managers may have a wrap fee arrangement with
one of our custodians.
Client Assets
As of December 31, 2023, Summitry managed $2,285,807,182 of client assets on a discretionary basis and
$164,895,062 of client assets on a non-discretionary basis.