Item 5 - Fees and Compensation
INVESTMENT CONSULTING SERVICES
Fees for Summit's investment advisory services or other specialized consulting projects are based on factors including
estimates of time, the nature and complexity of the services to be provided, necessity and frequency of travel and
personal meetings, and the amount of assets and the number of portfolios, partnerships or managers to be evaluated.
Fees for either a full retainer or project relationship are quoted prior to engagement and included in the client’s
investment advisory agreement. All fees are payable in hard dollars only; Summit does not accept commissions. All fees
may be negotiable and/or waived. Clients should note that similar advisory services may (or may not) be available from
other registered investment advisers for similar fees. Depending on the specific client and the circumstances of the
advisory service to be provided, Summit offers several fee options, as outlined below:
Fixed Fees: Fees for Summit’s investment consulting services are typically based on an annual fixed dollar amount
established by Summit and the client at the inception of the advisory relationship. Fixed fees will vary depending on the
complexity of the client’s circumstances, the services to be provided and other factors as set forth above, and are fully
negotiable as stated above. Clients will be invoiced quarterly in arrears or as otherwise set forth in the client’s
investment advisory agreement.
Percentage of Assets Under Advisement: Summit and the client may also agree to an annual fee which may generally
range from .02% to .35% of the total value of client assets under Summit’s advisement. Summit will quote an exact
percentage to each client based on the amount of assets under Summit’s advisement, the nature and complexity of the
client’s circumstances, the services to be provided and other factors as set forth above. The client will be invoiced in
Summit Strategies Group
8182 Maryland Ave., 6th Floor St. Louis, MO 63105 www.ssgstl.com
Part 2A of Form ADV – Firm Brochure
March 30, 2018
arrears based upon the value (market value or fair market value in the absence of market value) of the client's account.
Summit and the client may agree to alternative billing arrangements as set forth in the client’s investment advisory
agreement.
Alternative Fee Arrangements: Summit and the client may agree upon alternative fee arrangements in addition to those
set forth above. Alternative asset (hedge fund, private equity and real assets) consulting fees may be based upon a fixed
fee or percentage of the total value of invested assets, partnership commitments, asset allocation targets or other
criteria as agreed to by Summit and the client and set forth in the investment advisory agreement.
In connection with providing investment consulting services to its clients’ alternative assets portfolios, Summit provides
education to its clients regarding the differences in how its clients may invest in hedge fund, private equity or real assets
Investment Managers, either on a direct basis or through a fund-of-funds investment vehicle. This education includes
the advantages and disadvantages of each approach and includes: cost of the Investment Managers; cost of the
investment vehicle, partnership or fund; degree of customization available to be tailored to the client’s needs or
investment policy; and investment limitations. It is the client’s decision alone as to whether to invest in the areas of
alternative assets, and if so, whether to invest directly with the alternative Investment Managers or to do so through a
fund-of-funds vehicle. If the client chooses to invest directly with an Investment Manager, the client may choose Summit
or another investment consultant to conduct the due diligence on the Investment Managers or partnerships, advise the
client on portfolio strategy to achieve the client’s objectives, and monitor the investments of the alternative Investment
Managers. If the client selects Summit, Summit generally will enter into a separate investment advisory agreement to
provide these services, under a fee separate and apart from its agreement to provide traditional consulting services. As a
result, a contract to provide consulting services regarding direct investments in alternative Investment Managers may
create a conflict of interest with respect to allocation of assets in alternative investments, as Summit has an incentive to
recommend investments in favor of these direct investments. The client must understand the proposed method of
compensation and risks prior to entering into a separate contract for investment consulting services for direct
alternative Investment Manager investments.
SUMMIT SOLUTIONS
The annual fee for the Summit Solutions service will be charged as a percentage of the total value of assets under
Summit’s management, typically ranging from .05% to .30%. Summit will quote an exact percentage to each client based
on the amount of assets under Summit’s management, the nature and complexity of the client’s circumstances, the
services to be provided and other factors as set forth above. The client will generally be invoiced in arrears at the end of
each calendar quarter based upon the value (market value or fair market value in the absence of market value) of the
client's account at the end of the quarter. Fee calculations are reviewed by the client and paid directly by the client or its
custodian. Summit and the client may agree on alternative billing arrangements as set forth in the investment advisory
agreement.
SUMMIT STRATEGIC SOLUTIONS FUNDS
The annual fee with respect to a client’s investment in a Series of a Summit Fund will generally be charged as a
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