COLORADO SPRINGS, Colorado — February 3, 2026
Executive Summary
Summit Wealth Group, an independent registered investment advisory firm, has announced its merger with Premier Private Wealth, a Nashville-based wealth management firm with approximately $470 million in assets under management. Following the transaction, Summit Wealth Group’s total assets under management will increase to approximately $3 billion, and the firm will expand its geographic presence in Tennessee. As part of the merger, Summit will launch Summit Wealth Group Family Office Services, a dedicated offering designed to support the evolving needs of high-net-worth and ultra-high-net-worth families. The combined organization will deliver expanded capabilities across investment oversight, estate and wealth transfer planning, tax strategy, family governance, philanthropy, and multi-generational engagement, supported by in-house professionals and external partners. Leadership continuity remains in place, with Premier Private Wealth’s CEO Michael Comstock assuming a new executive role while continuing his advisory responsibilities.
Announcement Overview
Summit Wealth Group announced that it has completed a merger with Premier Private Wealth, a Nashville-based advisory firm serving high-net-worth families. The transaction brings together two firms with aligned advisory philosophies, client service models, and long-term growth objectives. Premier Private Wealth managed approximately $470 million in client assets at the time of the merger, increasing Summit Wealth Group’s total assets under management to approximately $3 billion.
According to the company, the merger expands Summit’s presence in Tennessee and strengthens its ability to serve families with complex financial needs across multiple generations. The combined firm will operate under the Summit Wealth Group name and maintain offices across Colorado, Mississippi, Arizona, South Dakota, and Tennessee.
Summit stated that the merger supports its long-term strategy of building a comprehensive advisory platform designed to meet increasing demand from high-net-worth and ultra-high-net-worth families seeking integrated financial solutions. The transaction also reflects Summit’s continued investment in leadership, talent, and infrastructure to support sustained growth.
Key Announcement Details
- Transaction type: Merger
- Announcing firm: Summit Wealth Group
- Merging firm: Premier Private Wealth
- Premier AUM: Approximately $470 million
- Combined AUM: Approximately $3 billion
- Geographic expansion: Tennessee
- New offering introduced: Summit Wealth Group Family Office Services
- Effective date: February 2026
Strategic Context
According to Summit Wealth Group, the merger reflects broader shifts in the wealth management industry, particularly among advisory firms serving high-net-worth and ultra-high-net-worth families. As client needs become more complex, families increasingly seek advisory relationships that extend beyond traditional investment management to encompass estate planning coordination, tax strategy, governance, and legacy considerations.
Summit stated that the introduction of Summit Wealth Group Family Office Services responds directly to this demand. The firm indicated that its new family office offering is designed to centralize services that are often fragmented across multiple providers, providing clients with a coordinated advisory experience.
The merger also aligns with Summit’s growth strategy following its strategic minority investment from Constellation Wealth Capital in June 2025. According to the firm, that investment positioned Summit to pursue targeted acquisitions, leadership hires, and infrastructure investments to expand its service capabilities and geographic reach.
Launch of Summit Wealth Group Family Office Services
As part of the merger, Summit Wealth Group announced the launch of Summit Wealth Group Family Office Services, a dedicated platform focused on serving high-net-worth and ultra-high-net-worth families with complex financial and personal needs.
According to the company, Family Office Services will provide comprehensive support across a range of disciplines, including investment oversight, estate and wealth transfer planning, advanced tax planning, family governance, multi-generational education, philanthropy and legacy planning, and overall family well-being support.
Summit stated that these services will be delivered through a combination of in-house professionals and carefully selected external partners, allowing the firm to maintain flexibility while providing specialized expertise. The offering is designed to complement Summit’s existing advisory services and expand the firm’s ability to serve families with multi-entity structures, cross-generational planning requirements, and evolving governance considerations.
Leadership Appointments and Organizational Structure
Following the merger, Michael Comstock, CFP®, CEO of Premier Private Wealth, will assume the newly created role of Head of Family Office Services at Summit Wealth Group. In this role, Comstock will lead the development and delivery of Summit’s family office platform while continuing to serve clients in an advisory capacity.
Comstock will also lead Summit’s new office in Franklin, Tennessee, and will join the firm’s executive leadership team. Summit stated that this structure is intended to maintain continuity for Premier Private Wealth clients while integrating leadership expertise into the broader organization.
Summit Wealth Group CEO Randy Morris will continue to lead the combined firm. According to the company, the leadership structure reflects a focus on continuity, integration, and long-term client relationships.
Leadership Statements
“Our clients have always been at the center of every decision we make,” said Randy Morris, CEO of Summit Wealth Group. “The merger with PPW strengthens our commitment to our clients by bringing on deeper knowledge, broader capabilities, and a shared vision for delivering an exceptional client experience. We’re excited to welcome Michael and his talented team to the Summit family, and for the opportunity this partnership creates for our clients, our team, and the future we’re building together.”
“Our decision to join Summit Wealth Group comes from shared values and a long-standing relationship built on trust,” said Michael Comstock, CFP®, incoming Head of Family Office Services. “Families of significant wealth need more than investment management—they need an integrated approach that supports the family’s financial, human, and social capital. By merging with Summit Wealth Group, we are building a multi-generational solution with deeper support and broader resources, while maintaining the personal, relationship-driven care that has always defined us.”
Expanded Capabilities for High-Net-Worth and Ultra-High-Net-Worth Families
Summit stated that the merger and the launch of Family Office Services significantly expand the firm’s ability to support high-net-worth and ultra-high-net-worth families. According to the company, these clients increasingly require coordinated oversight across investments, estate structures, tax planning, and family decision-making processes.
The firm indicated that its family office platform is designed to address these needs through integrated planning and governance support. This includes facilitating communication across generations, supporting philanthropic initiatives, and helping families navigate transitions related to wealth transfer, leadership succession, and legacy planning.
Summit emphasized that the offering is not positioned as a replacement for existing advisory relationships but as an extension of its relationship-based service model, providing additional depth for clients with complex circumstances.
Recent Leadership Investments
The merger follows a series of senior leadership appointments at Summit Wealth Group. According to the company, Scott Wilkinson joined the firm as Chief Compliance Officer, Chelsea Ganey, CFA®, joined as Chief Investment Officer, and Seamus O’Brien, CFP®, was named Head of Advisor Success.
Summit stated that these appointments strengthen the firm’s governance, investment oversight, and advisor support capabilities. The company indicated that leadership investments are a core component of its strategy to scale responsibly while maintaining service quality and fiduciary standards.
Growth Strategy and Minority Investment
In June 2025, Summit Wealth Group entered into a strategic minority investment with Constellation Wealth Capital. According to Summit, the investment was structured to support the firm’s long-term growth objectives while preserving its independence and fiduciary culture.
The firm stated that the partnership provides capital and strategic resources to support investments in talent, technology, and infrastructure. Summit indicated that this positioning enables it to pursue opportunities such as the merger with Premier Private Wealth and the development of new service offerings, including Family Office Services.
Integration Approach
Summit stated that the integration of Premier Private Wealth is designed to be client-centered and continuity-focused. According to the firm, Premier clients will continue to work with their existing advisory teams while gaining access to expanded resources and capabilities.
The firm indicated that integration efforts prioritize alignment in planning philosophy, service standards, and fiduciary practices. Summit emphasized that cultural alignment was a key consideration in the merger decision.
Geographic Expansion in Tennessee
The merger expands Summit Wealth Group’s footprint in Tennessee, with a new office located in Franklin. According to the company, Tennessee represents a strategic growth market with increasing demand for sophisticated wealth management and family office services.
Summit stated that the Tennessee expansion complements its existing offices across Colorado, Mississippi, Arizona, South Dakota, and other locations, supporting a national service model while maintaining local presence.
Industry Environment
According to Summit, the wealth management industry continues to experience consolidation, particularly among independent registered investment advisors seeking scale, specialization, and expanded service capabilities. The firm indicated that mergers and strategic investments are increasingly used to address client demand for integrated solutions while preserving independence.
Summit positioned the merger with Premier Private Wealth within this broader industry context, emphasizing that the transaction supports long-term client relationships rather than short-term growth objectives.
Client Impact and Continuity
Summit stated that existing clients of both firms will experience continuity in advisory relationships while benefiting from expanded services. The firm emphasized that client experience remains a central consideration in all strategic decisions.
According to the company, the merger allows Summit to offer additional planning depth without disrupting established client-advisor relationships. Summit indicated that the combined firm will continue to operate as a fee-based fiduciary, committed to acting in clients’ best interests.
About Summit Wealth Group
Founded in 2002, Summit Wealth Group is a registered investment advisory firm that provides comprehensive financial planning and investment management services. The firm operates offices across Colorado, Mississippi, Arizona, South Dakota, and Tennessee and serves clients nationwide.
Summit Wealth Group follows a relationship-first philosophy and operates as a fee-based fiduciary. The firm focuses on helping clients gain clarity and confidence in their financial lives through personalized planning and long-term advisory relationships. Additional information is available at the company’s website.
About Premier Private Wealth
Premier Private Wealth (“PPW”) is a Nashville-based wealth management firm serving high-net-worth families and individuals. Prior to the merger, PPW managed approximately $470 million in assets under management and provided personalized investment management and financial planning services. The firm has focused on long-term client relationships, fiduciary principles, and a relationship-driven advisory approach. Premier Private Wealth has built its practice around supporting clients with complex financial needs through disciplined planning, ongoing advisory engagement, and tailored wealth management strategies.
Media Contact
Mary Victoria Falzarano
Director of Public Relations
Phone: 561.578.0697
Source Attribution
Source: Company announcement