Summit Wealth Systems raises $20M Series A Funding

Summit Wealth Systems, a San Francisco-based cloud software company focusing on wealth managers and their clientele, raised $20M through Series A funding.

Arena Holdings, Filbert Holdings, and Jackson Square Ventures participated in the round.

The company plans on using the funds to increase its development and service team, as well to expand sales and marketing.

Summit Wealth Systems is co-founded and led by Reed Colley, CEO and co-founder. Anthony Sperling, COO, and co-founder.
The company leverages cloud-native technologies to enable advisors to design their own personalized, modern, mobile, and desktop applications by creating each firm’s own private tech stack. Summit combines personalized wealth modeling, financial planning and client collaboration tools with portfolio management and reporting capabilities to provide a more personal wealth experience for clients and advisors. Additionally, through advanced data management technologies, advisors will own, control and manage their own data that is secure, private, and not commingled with other advisors’ data.

The company also announced the launch of its new WealthOS – powered by Summit’s “Abundance” engine, which introduces, via a mobile-forward design, comprehensive client wealth journey mapping, holistic visual balance sheet perspective for a human-based total wealth view, the elevation of CRM capabilities, intuitive document management, billing and revenue projection, along with key custodian and 3rd party integrations.

 

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