Jack Petersen is a registered investment advisor at Summit Trail Advisors, LLC, based in New York, NY, with 32 years of industry experience. Jack operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, High Net Worth, Insurance Planning, and 3 more. Their firm serves 1,191 clients with $26B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Summit Trail charges an annual fee based on a percentage of the assets they manage. This fee can range up to 1.50% annually, depending on the complexity of the services, the amount of assets managed, and the overall relationship. The fee is calculated quarterly in advance, and reconciliations are performed to capture any differences in market value. The management fee is negotiable depending on individual client circumstances.
Location
2 Grand Central Tower, 145 E 45th Street, 34th floor, New York, NY, 10017
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Regulatory History (1)
Customer Dispute
July 2002Other Business Activities
Jack is a partner at Summit Trail Advisors LLC, a registered investment advisor, dedicating full-time hours to this role. He is also a registered representative at Summit Trail Securities LLC, a broker-dealer, spending a few hours per week on this activity.
Employment History
Current Registrations
Summit Trail Advisors, LLC
Previous Registrations
Summit Trail Securities, LLCBroker
Purshe Kaplan Sterling InvestmentsBroker
Barclays Capital INC.
Barclays Capital INC.Broker
Lehman Brothers INC.
Lehman Brothers INC.Broker
Morgan Stanley & CO., Incorporated
Montgomery SecuritiesBroker
Morgan Stanley & CO., IncorporatedBroker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.