logo
logo

Aspen Standard Wealth acquires Summitry with $2.8 Billion AUM

Nov 04, 2024•9 months ago

Acquiring Company

Aspen Standard Wealth

Acquired Company

Summitry

New YorkSan FranciscoFinanceFinancial Services

Description

Aspen Standard Wealth, a permanent home and long-term partner for successful RIAs, has acquired Summitry, a leading registered investment adviser with $2.8 billion in assets under management (AUM). Aspen's unique approach focuses on long-term stability, support, and growth through decentralized operating model.

Company Information

Company

Aspen Standard Wealth

Location

New York, New York, United States

About

Aspen Standard Wealth empowers RIA leaders and their businesses to achieve enduring value and fulfillment through permanent partnerships. Aspen provides long-term stability and support—along with uniquely aligned incentives—that are designed to facilitate growth through a decentralized operating model. Aspen’s team of seasoned business operators, investors, and RIA industry professionals are committed to unlocking growth and potential by prioritizing people, fostering culture, and preserving the unique legacy of each leader we work with and their businesses.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed