Summit Financial, the Parsippany based investment advisory firm that has spent the past several years assembling one of the country’s fastest growing wealth management platforms, has added two more independent practices to its network, bringing in roughly 520 million dollars in combined client assets and pushing the firm’s footprint into two states where it previously had no presence at all. The additions, Kamal Capital Group and M Group Investment Advisor, mark Summit’s latest move in a strategy built around courting independent advisors who want the backing of a larger institutional platform without giving up the client relationships and business identities they built on their own.

Kamal Capital Group brings roughly 170 million dollars in assets to the partnership and operates out of Michigan and Georgia. The firm dates back to 1984, when it was founded with a narrow focus on retirement planning for airline pilots, a niche that has since broadened into a wider practice serving aviation professionals, corporate executives, and ultra high net worth families. It is led by managing partners Danny Kamal, who serves as chief investment officer, and Rob Kamal, who serves as chief operating officer, and the firm has built out family office style services with a specialization in aviation that remains central to its identity even as its client base has diversified.

M Group Investment Advisor, the second firm joining the platform, is headquartered in Florida with additional offices in Oregon and Washington and oversees approximately 350 million dollars in client assets. Its practice has developed around a distinct client base of its own, working closely with nonunion construction companies engaged in government contracting, and offering retirement planning, investment management, and insurance strategy services tailored to that industry. The firm is represented within the partnership by investment adviser representatives John Marcelia and Ed Leeper.

A Platform Built Around Specialization

Stan Gregor, Summit’s chairman and chief executive, framed the new partnerships as a reflection of the kind of firms Summit has been targeting as it expands, businesses with a clearly defined identity and client base rather than generic wealth management shops. He said both Kamal Capital Group and M Group Investment Advisor had built respected practices grounded in long term relationships and thoughtful planning, and that partnerships like these demonstrate the platform’s ability to support firms with distinct value propositions rather than forcing them into a single mold. Gregor also noted that the deals give Summit its first advisory teams in Georgia and Oregon while expanding its existing presence in Michigan, Florida, and Washington, filling in geographic gaps that had previously been absent from the firm’s national map.

For his part, Danny Kamal described the move as a way to build on decades of specialized work with the aviation community rather than a departure from it, saying the partnership would let his firm layer in more sophisticated planning tools and a broader institutional platform while allowing it to scale without losing what makes its practice distinct. Keith Soltis, Summit’s head of growth and business development, said the two firms stood out in the selection process because of the intentionality behind their growth plans and how closely their goals aligned with Summit’s own partnership philosophy, rather than simply the size of the asset totals they would bring to the table.

Advisors at both firms will now gain access to SummitVantage, the proprietary technology and service platform Summit has built to support the growing network of practices under its umbrella. The platform bundles in house specialists across tax planning, risk management, estate planning, and institutional investment strategy, resources that are typically out of reach for smaller independent practices operating on their own. Summit has positioned the platform as a way for advisors to keep serving high net worth and multigenerational clients with a more sophisticated toolkit, while also streamlining the operational side of running an advisory business.

Part of a Broader Growth Run

The Kamal and M Group additions are the latest entries in what has become a remarkably active stretch for Summit. The firm has said it integrated six independent practices representing a combined 2.2 billion dollars in assets within just the first eight months of 2026, building on a 2025 in which its platform grew sixfold to cross the 24 billion dollar threshold. That run of activity has come alongside a broader shift in the firm’s own structure, as Summit moved away from operating as a combined investment advisor and broker dealer and withdrew its broker dealer registrations altogether, choosing instead to operate purely as a fee based fiduciary advisor. The firm, which is backed by a majority ownership stake from Merchant Wealth Management Holdings and led day to day by Gregor alongside President Steven Weinman, now manages roughly 30 billion dollars in assets on behalf of high net worth individuals, families, and the independent advisors who have joined its platform, a total that industry trade groups and rankings, including recent placements on both the Barron’s and Forbes and SHOOK lists of top RIA firms, have taken note of as the consolidation wave across independent wealth management continues to accelerate.