Orion to Acquire Summit Wealth
Summary
He co-founded Summit Wealth in 2019 alongside Anthony Sperling, a former Advent executive. The deal is expected to close in early 2025, and financial terms were not disclosed. “Summit’s platform is all about creating a uniform client experience, both for the advisor and the end investor, with an emphasis on integrating disconnected technology,” Wolfsen told ThinkAdvisor. “The fact is that disconnected technology is the primary pain point for financial advisors and investors today. So, we’re extremely excited to have an industry legend like Reed come on to lead our technology business, in addition to gaining new capabilities.” Wolfsen added that Colley will be empowered to make an “incredible impact on a large part of the advisor community” via his new role within Orion.