Summit Advisor Group is a registered investment advisor founded in November 2022 and based in Bloomington, Minnesota. Owned and operated by John Tenley, the firm offers personalized investment management and ongoing financial planning services to individuals and high net worth individuals. Summit Advisor Group builds customized investment portfolios using passive strategies, fundamental analysis, and modern portfolio theory, focusing on index mutual funds and exchange-traded funds to achieve long-term growth. In addition to managing investments, Summit Advisor Group provides comprehensive ongoing financial planning that covers retirement, tax strategies, estate planning, education funding, risk management, and overall cash flow. The firm operates on a fee structure based on a percentage of the value of your portfolio or through ongoing annual planning fees, and does not require a minimum account size to open an account.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.20% |
| $1.0M - $5.0M | 0.50% |
| $5M+ | 0.30% |
Fees are pro-rated and paid quarterly in arrears based on the average daily balance over the previous quarter.