Naples-based UBS team with $370 million in AUM
joins Summit Financial’s partnership model to forge independent
path
Summit Financial Holdings (“Summit”), a leading architect
of advisor success and client satisfaction for over four decades,
today announced the launch of Kyros Private Wealth
(“Kyros”). Headquartered in Naples, Florida, this newly formed
independent practice is led by founding partner and private wealth
advisor William E. Clegg IV, CFP®, CIMA. Formerly affiliated
with UBS as The Clegg Group, Kyros represents the sixth firm in
2024 to join Summit Growth Partners (SGP), an innovative
partnership that combines cash monetization with equity
participation and exclusive partnership privileges.
As part of this transaction, Kyros will become an affiliate
partner of Summit, granting them access to a comprehensive suite of
services including exclusive, diversified investment solutions;
integrated top-tier technology; deep risk management capabilities;
and essential operational support. These resources will support the
launch, operation and growth of the new business.
In addition to Clegg, the team at Kyros includes Heather G.
Clegg, co-founder and managing director; Ethan Fales,
investment strategist; Cole Hughes associate wealth advisor;
and Patrick Beste, financial consultant. Committed to servicing
clients through every life circumstance, the firm provides tailored
wealth management services including investment management, tax and
risk mitigation services, estate planning, charitable giving
strategies and succession planning. Kyros specializes in serving
high-net-worth individuals, including business owners, executives
and entrepreneurs, guiding them toward personal and professional
financial success. Collectively this team oversaw more than $370
million in assets under management (AUM) while at UBS.
"Breaking away and gaining our independence with the support of
Summit marks a pivotal moment, empowering us to not only grow and
scale effectively but also deliver unparalleled service to our
valued clients,” said Clegg. “This new chapter will allow us to tap
into Summit’s vast expertise and resources, all in service of
fostering clients’ financial success.”
The addition of Kyros marks the first Summit-affiliated firm
utilizing Goldman Sachs Custody Solutions, with more
expected to join the digital-forward custodial provider in the
coming months.
“As Kyros Private Wealth carves out their path to independence,
we look forward to bringing our innovative custodial services to
support their growth-oriented mindset,” said Jeremy
Eisenstein, managing director, head of RIA Custody Sales at
Goldman Sachs Custody Solutions.
“We are pleased to welcome the Kyros team as they join the
Summit Financial family. Their expertise and passion for excellence
align well with our values, and together, we anticipate a future
marked by remarkable growth and success,” said Stan Gregor,
CEO of Summit Financial Holdings. “By expanding our partnership
model nationwide to teams that share our client-first ethos, Summit
can empower advisors in every regional market with the necessary
resources to establish and maintain their independence.”
A 2023 Forbes and Barron’s Top
100 RIA Firm, Summit Financial remains committed to its
founding principles of independence and comprehensive financial
planning. Interested advisors and firm leaders can learn more about
Summit Financial’s all-inclusive platform of fully integrated,
industry-leading services, thought leaders and innovative
technology—known as the SummitVantage™—at
summitfinancial.com.
ABOUT SUMMIT FINANCIAL
As an independent financial services firm with legacy business
from its predecessor going back over 40 years, Summit and its
affiliates are proud to continue their vision of guiding clients
toward financial success by aligning extensive experience with a
forward-thinking philosophy, adapting to industry changes for the
sake of best serving our clients now and well into the future. With
customized, holistic, and hands-on advice, we help turn life’s
aspirations into success stories. Our financial advice focuses on
individual needs and values, not industry norms.
Summit Financial Holdings, LLC’s affiliated firms include, but
are not limited to, Summit Financial, LLC, Summit Risk Management,
LLC, Summit Advisory Services, LLC, Summit Services IT, LLC, and
Summit Growth Partners, LLC.
ABOUT GOLDMAN SACHS CUSTODY SOLUTIONS
Goldman Sachs Custody Solutions offers clients of independent
advisors access to institutional-grade solutions and custody
services. We transform the client experience with an intuitive,
digital-forward platform to enhance your advisor’s transparency.
Our modern, nimble, and ever-evolving open architecture network
connects advisors to best-in-class services and tools. More than
just a custodian, we are a gateway to the institutional power of
Goldman Sachs.
Custody, clearing and certain brokerage services are provided by
Folio Investments, Inc. d/b/a Goldman Sachs Custody Solutions
(GSCS), an SEC-registered broker-dealer and member FINRA/MSRB/SIPC.
Additional brokerage services are provided by Goldman Sachs &
Co. LLC (GS&Co.), an SEC registered broker-dealer and
investment adviser, and member FINRA/MSRB/SIPC. GSCS and GS&Co.
are not your investment advisors and do not provide investment
advice to you or your investment advisor. The information provided
here shall not constitute an offer, solicitation, or advice by GSCS
or GS&Co. to buy or sell securities. GSCS and GS&Co. do not
control, and are not responsible for, any information or other
content provided on the Summit Financial website, including any
prospectuses, reports, summaries, or other data provided
herein.
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