Dear Clients & Friends,
We are pleased to share an important update regarding Gordon Asset Management, LLC! After nearly 24 months of discussions and thorough due diligence, we have decided to join forces with Summit Financial (summitfinancial.com), a highly respected investment advisory firm based in Parsippany, NJ. This partnership involves Summit taking a minority interest in Gordon Asset Management, LLC. We will retain full control over our day-to-day operations and remain independent in our commitment to acting in your best interests.
Who is Summit Financial?
Summit Financial was founded over 40 years ago by advisors and remains majority-owned by advisors today. This advisor-led ownership ensures that the firm’s direction and priorities are consistently aligned with client needs. Summit is known for its robust planning department, which includes tax attorneys, and a dedicated technology team that provides access to cutting-edge resources to enhance client service. Additionally, Summit’s CEO, Stan Gregor, a resident of North Carolina, brings over 30 years of leadership experience to the firm.
Why Partner with Summit Financial?
Partnering with Summit Financial allows us to leverage their extensive resources in areas such as compliance, billing, cybersecurity, and IT management, among many others. This enables us to dedicate more time and attention to what matters most—you, our client. Additionally, this partnership provides us with access to advanced tools and specialized expertise, further enhancing our ability to meet your needs with even greater precision and insight.
How Will This Change Impact You?
You will continue to work with the same trusted team at Gordon Asset Management, LLC. We’re simply enhancing our capabilities by leveraging Summit's resources to ensure we continue delivering exceptional results. Your accounts will remain with your current custodian (Charles Schwab, Fidelity, etc.) and you'll continue to access them using the same login as before.
As we move forward, we will be sending new service agreements to all clients via DocuSign. Additionally, personal accounts held at Charles Schwab & Co. (“Schwab”) will be seamlessly integrated under Summit’s master account. Aside from signing the new forms, no further action will be required on your part.
We look forward to this exciting new chapter. Please do not hesitate to reach out if you have any questions.
Sincerely,
Joe Gordon
Managing Partner