Summit started out as a risk advisory firm but has expanded into investments. It manages more than $100 million for clients of Summit Brokers, Summit Portfolio Management and Summit Capital.
“We believe opportunities internationally will evolve very strongly over the next 12 months,” Summit chief executive Peter Morrison says. “Broadview has great expertise in global funds management and we see the acquisition as a very logical fit. We are delighted with the synergies between their principles and our own.”
Barrie Williams and Alistair Pirie, the original partners in Broadview Financial Management, are shareholders in the new entity and will continue to develop the company’s business with both existing and new clients.
“We are excited by the opportunity to further grow funds under management that the new company will provide,” Pirie says.
The new company will continue to be known as Broadview Financial Management.
Summit Financial group is an independently owned company headed by Peter Morrison.
Summit has been on the acquisition trail for some time and was incorrectly reported a while ago to have bought or be acquiring Diversified Investment Strategies. That deal didn't happen.
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