Summit Financial, a registered investment advisor based in New Jersey, has added roughly $520 million in client assets through partnerships with two independent advisory firms. The moves bring Summit's total partnership count to 65 and mark its first expansion into Georgia and Oregon. The additions are part of a broader growth push that saw the firm's assets under management increase sixfold in 2025 to reach $24 billion, earning recognition from Forbes/SHOOK and Barron's.
Kamal Capital Group, founded in 1984 and headquartered in Michigan with additional offices in Georgia, manages approximately $170 million in assets. The firm specializes in serving aviation professionals, corporate executives, and ultra-high-net-worth families. M Group Investment Advisor, based in Florida with offices in Oregon and Washington, oversees about $350 million and focuses on non-union construction companies engaged in government projects.
Stan Gregor, chairman and CEO of Summit Financial, said the two firms reflect the platform's criteria for prospective partners. "Partnerships like these reflect the strength of Summit's platform and our ability to support firms with distinct identities," he said in a statement. Keith Soltis, head of growth and business development, emphasized that the firm evaluates the rationale behind an advisor's growth ambitions rather than just the numbers. "We look at the intentionality behind their growth," he said, distinguishing Summit from competitors in the intensifying RIA consolidation wave.
Meanwhile, Savvy Advisors, the New York-based RIA affiliated with Savvy Wealth, has brought two independent RIAs onto its platform, adding approximately $550 million in assets under management. The additions of Blue Barn Wealth, based in Orem, Utah, and Paragon Private Wealth Management, based in Franklin, Tennessee, were announced on August 5, 2026. Savvy reports it has recruited more than $4 billion in assets in 2026 alone, pushing its total AUM past $8 billion—a four-fold increase year-over-year.
Blue Barn Wealth manages about $300 million across more than 220 client households and several corporate 401(k) plans, serving clients both domestically and internationally. Founded in 1994 and reestablished under current ownership in 2017, the firm is led by Jeff Brimhall, PhD, CFP, CFA. It offers comprehensive wealth management services including tax planning, retirement planning, charitable giving strategies, estate planning coordination, and alternative investments.
Paragon Private Wealth Management, founded by Allen Buckley, CFP, manages roughly $250 million and specializes in serving business owners and professionals such as attorneys, physicians, and practice owners. The firm integrates investment management, financial planning, tax planning, and tax preparation under one roof. Buckley began his career in financial services in 2003 before moving to the independent RIA model in 2009.
Savvy's growth reflects a broader trend among independent advisors seeking platforms that combine practice autonomy with enterprise-grade operations. The firm markets itself as an AI-native, multi-custodial RIA, using technology to automate advisor workflows—including financial planning scenario modeling, tax analysis, and investment review—rather than replace advisor judgment. Savvy notes its AI is not designed to interact directly with retail clients or provide client-facing investment decisions.
"The advisors joining our network are very entrepreneurial-minded, and every one of them decided that the best way to scale a great practice is to plug into a team and infrastructure they don't have to manage themselves," said Ritik Malhotra, founder and CEO of Savvy Wealth. The recent moves echo other RIA acquisitions adding hundreds of millions and highlight the competitive landscape for advisor teams moving between firms. As consolidation continues, platforms like Summit and Savvy are positioning themselves to attract advisors seeking scale without sacrificing independence.
