The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Summit Financial, Gateway
Summit Financial, a US-based investment advisory firm with over 40 years of experience providing multi-family office services, has just announced the addition of Gateway Advisory. This continuing momentum into 2025, marks Summit’s 21st investment since the start of 2024. 

Gateway, a New Jersey-based firm with $830 million in assets under management is known for its hands-on, integrated approach. The firm specializes in investment advice, tax planning, risk management, estate and wealth transfer planning, philanthropy, cash flow and debt management. 

Led by principals Brian Power, Jay Flamme and Glenn Blachman, Gateway said it will have access to Summit’s multi-family office ecosystem. This model will help accelerate the team’s professional growth through access to in-house attorneys, tax specialists, financial planners and investment strategists.

Gateway Advisory's team will join forces with Summit's Parsippany office, ensuring a smooth integration and continued delivery of services to clients, the firm continued.

“We are dedicated to providing advisors the tools, resources and support needed to achieve scale without compromising identity or high-touch client service. We are eager to see the future growth and success that this partnership will bring,” Stan Gregor (pictured), CEO of Summit Financial, said.

Recently, the firm made an investment into BFG Wealth and Canon Capital Wealth Management.