Summit was formed in 1995 with the goal of establishing a new standard of
proactive, results driven consulting services for a select group of clients. Our nationwide client base includes
corporate, public, and Taft-Hartley defined benefit and defined contribution
plans; hospitals and healthcare groups; foundations and endowments;
and insurance reserves. Comprehensive services are provided, including all
phases of Design, Implementation, and Monitoring. Summit builds
partnerships with its clients, based on trust, fiduciary responsibility,
industry knowledge, and a willingness to state and support our recommendations.
Here are just a few of the many qualities that differentiate Summit from others
in the industry:
Thoughtful Leadership – All solutions are customized for our
clients.There are no "cookie-cutter" programs.
Full Access – No consultant "funnels."
You have complete access to your entire team.
Experienced Professionals – Diverse backgrounds and
experience provide unique perspective.
Serve Small Number of Clients
– Personalized service is key to a successful partnership.
– Our firm stucture puts ideas and teamwork at the forefront with input from
across the organization.
Yes, all Summit professionals are required to comply with the Investment
Management Consultants Association (IMCA) Code of Professional Responsibility
and the Chartered Financial Analyst Institute (CFA) Code of Ethics.
Summit consultants are directly responsible for all aspects of client support.
The firm’s consultants partner with a maximum of 10 clients each, leveraging
years of experience to develop a deep
understanding of the plan and its objectives. The firm’s consultants
coordinate a team of individuals from Summit’s Modeling and Manager
Research groups, Performance Measurement, and Administration, to design,
implement, and monitor a customized investment strategy.
The modeling group evaluates the impact of asset performance in a broader
context as part of the asset allocation process. Through the use of modeling, we follow the evolution of various
parameters that are of importance to the sponsoring entity. The models may include only the
expected case, defined specific economic scenarios, and/or utilize Monte Carlo
Summit’s Manager Research staff is responsible for maintaining both a
qualitative and quantitative database of all client managers, and other managers
Summit believes offer the greatest potential for adding value, called our Top Tier
List. Through regular face-to-face meetings and ongoing evaluation, Summit’s analysts gain an intimate knowledge of each
firm and are often able to proactively uncover performance or other firm issues
that could negatively impact our clients' portfolios. Summit’s
independence allows us to consider investment options and alternatives
in an environment where the client’s best interests are our sole focus.
Summit’s Performance Measurement analysts reconcile and maintain our clients’
performance returns. Monthly performance is calculated and reconciled by
analyzing detailed custodian statements; Summit is online with most custodian
banks. This detailed verification process enables us to provide clients with accurate,
consistent information to evaluate manager performance, and the value added
through policy and other strategic decisions. Summit utilizes the PARis
performance system, offered by Investment Metrics LLC, which provides access to
the BNY/Mellon universe for comparison to many style, fund, and other peer
Yes – Summit
has extensive experience in alternative investing, and we
have a large team of professionals focused solely on alternatives research. Our clients currently have
$25 billion dollars invested across real assets, private equity, and hedge
funds, using both fund of funds and direct investment approaches.
Summit’s reporting package is delivered in the following formats:
Clients with a custodial relationship at a supported financial institution also
have access to their portfolio’s daily performance on our website via a secure login. Summit receives a daily feed of unaudited transactions and holdings
from the custodian. From this data we calculate month and year-to-date returns
on the entire plan structure, including asset class composites and individual
Designed as a preliminary report to inform staff and Board/Committee members of
Available as early as five business days following month-end, depending on
receipt of custodian data.
Report includes asset allocation, manager allocation, total plan return, manager
returns versus benchmarks, and may be calculated either gross or net of
Available as early as four to five weeks following quarter end, this color
report is designed to meet each client’s performance reporting needs.
Contains all relevant information for review and action by staff and
Executive Summary includes economic and capital markets review, qualitative and
quantitative analysis of the fund as whole, asset class composites, and
individual managers compared to both benchmarks and peers.
Includes all appropriate comparisons and attribution available through the PARis
platform using all available/applicable databases.
Enhanced Alternatives Reports:
For clients in our alternative asset programs, Summit's Enhanced Alternatives Reports consist of investment specific metrics utilizing manager provided data (which is typically not available at the time of the custodial audit).
Yes, Summit regularly produces topical reports as well as weekly, monthly, and
quarterly capital market analysis and commentary. In the Research Publications
section of our site, you can read Summit’s latest thoughts on a variety of plan
and investment related issues. Our Market Commentary section features our
monthly and quarterly market analysis and commentary.
Investment Manager Research
Via a secure login, clients are able to review current Top Tier manager lists,
and drill down to individual managers, where quantitative and qualitative
information is available, along with recent meeting notes and other commentary.
Daily Performance Updates
Via a secure login, clients can get the most current
performance information available on their own portfolios, including market
values and unaudited month-to-date performance through close of business on the
previous day. Monthly and quarterly performance reports are also posted and available for viewing
All capital markets research and other regular publications are posted on
Summit’s website for client access. White papers and other ad hoc research are
also available online to clients, so that research conducted on behalf of a
specific client may be shared with others.