- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Summa Global Advisors, LLC Overview
SUMMA Global Advisors, LLC is an investment advisory firm based in Clackamas, Oregon offering fee-only services aimed at providing unbiased investment advice. They have been in business since 2010 and are registered as an investment advisory firm specializing in investment advice only. The firm specializes in financial planning, portfolio management for individuals and small businesses, and the selection of other advisors. They work with clients to customize portfolios that meet their unique goals, and use a variety of investment strategies to achieve financial success. Clients can trust that SUMMA Global Advisors, LLC's fee-only model means they are not incentivized to sell certain products or advise clients to take on excessive risk. With a focus on transparency, the firm's investment advisory services are designed to provide objective guidance to clients seeking to build and manage wealth.
SUMMA GLOBAL ADVISORS, LLC serves a diverse range of clients, including individuals, high net worth individuals, and charitable organizations seeking expert financial guidance. The firm tailors its approach to meet the unique needs and goals of each client, whether they are looking to build and preserve wealth, plan for retirement, or achieve philanthropic objectives. With a client-first philosophy, SUMMA GLOBAL ADVISORS, LLC is committed to providing the highest level of service and support to its clients, leveraging its experienced team of financial advisors and investment professionals. SUMMA GLOBAL ADVISORS, LLC offers a variety of fee structures depending on the service provided. For clients seeking asset management and investment advisory services, the firm typically charges a percentage of assets under management (AUM) based on a sliding scale. Clients may also be charged other types of fees, such as transactional fees for executing trades, performance-based fees, or hourly or flat-rate fees for financial planning and consulting services. SUMMA GLOBAL ADVISORS, LLC strives to be transparent in its fee structures, and works with clients to determine the most appropriate fee arrangement based on their individual needs and goals.
Typical Clients, Fee Structures & Investment Minimum
According to SUMMA Global Advisors, LLC's Part 2 Brochure, the investment minimum for their services is not mentioned.
How This Office Can Help Clackamas County, OR Residents
Summa Global Advisors is a comprehensive financial planning and investment management firm that assists clients in Clackamas County, OR in achieving their financial goals. The firm offers personalized financial advice and investment strategies tailored to each client's unique situation. Whether a client is just starting out or nearing retirement, Summa Global Advisors can provide guidance on a wide range of financial topics, including retirement planning, tax planning, estate planning, and investment management. Many people living in Clackamas County, OR may face financial situations such as saving for retirement, paying off debt, or starting a small business. Summa Global Advisors can help these clients define their financial goals and develop a plan to achieve them. Additionally, the firm can assist clients in managing their investments, taking into account factors such as their risk tolerance, investment goals, and time horizon. Overall, Summa Global Advisors is committed to helping clients in Clackamas County, OR achieve financial security and prosperity.
Services Offered by Summa Global Advisors, LLC
Core Advisor Services
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Financial advisory fees usually are based on the services provided. Fee types charged by Summa Global Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
Other Office Locations
This firm has no other locations.
Summa Global Advisors, LLC is registered to service clients in the following states:
Summa Global Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.