Guides › Financial Advisor Fees
Updated September 28, 2026. Quick answer: Summit Trail Advisors is registered with the SEC as an investment adviser (CRD #220519, confirmed ACTIVE this session via SEC IAPD). Per its own current fee brochure, a $500,000 account would run up to $7,500 a year (the published maximum, which the firm says is negotiable) under its published fee schedule. Already a client and thinking about leaving? Budget $0 at Interactive Brokers (“ACATS Deposit or Withdrawal: None”), $50 at Schwab, or $150 at Pershing (“Account Termination”), depending on your custodian. This review covers what its fee brochure and current SEC registration confirm today; this firm also has a fiduciary-status page and minimum-investment page on this site.
Summit Trail Advisors at a glance
| Fact | What Summit Trail Advisors’ own pages say |
|---|---|
| Legal entity | Summit Trail Advisors, LLC |
| Registration | Summit Trail Advisors, LLC is registered with the SEC as an investment adviser (CRD #220519, confirmed ACTIVE this session via SEC IAPD). |
| Fee on a $500,000 account | Up to $7,500 a year (the published maximum, which the firm says is negotiable), per its own current brochure |
| Minimum to open an account | See the minimum-investment page for Summit Trail Advisors |
| Cost to leave (exit fee) | $0 at Interactive Brokers (“ACATS Deposit or Withdrawal: None”), $50 at Schwab, or $150 at Pershing (“Account Termination”), depending on your custodian |
What Summit Trail Advisors’ own fee schedule charges
No minimum account size or minimum annual dollar fee is stated for standard Investment Advisory Services (separate OCIO/planning/retirement-plan services are distinct offerings not used here).
“The Advisor’s annual fee for investment advisory services shall generally be based upon a percentage (%) of the market value and type of assets placed under the Advisor’s management, payable quarterly in advance. Investment advisory fees range up to 1.50% annually based on several factors … Summit Trail management fee is negotiable, depending on individual Client circumstances.”
Summit Trail discloses a single negotiable ceiling, ‘up to 1.50% annually,’ for its standard Investment Advisory Services, with no minimum account size or minimum dollar fee stated for that service.
| Account balance | Annual fee |
|---|---|
| $250,000 | $3,750 |
| $500,000 | $7,500 |
| $1,000,000 | $15,000 |
| $2,000,000 | $30,000 |
See the full breakdown, including how the figure is calculated, on Summit Trail Advisors’ own fee page.
Registration
Summit Trail Advisors, LLC is registered with the SEC as an investment adviser (CRD #220519, confirmed ACTIVE this session via SEC IAPD).
This is a registration confirmation only, not a fiduciary-standard verdict (a registered investment adviser can still be a dual registrant with a broker-dealer, which changes which standard applies in each capacity). For the fiduciary-standard question itself, see the fiduciary-status page for Summit Trail Advisors.
What it costs to leave
Summit Trail Advisors, LLC’s Form ADV Part 2A states “Either party may request to terminate the investment advisory agreement with the Advisor, at any time, by providing advance written notice to the other party.” Summit Trail Advisors, LLC names 4 possible custodians in its brochure, with no single default. Interactive Brokers, LLC’s own published fee schedule (Interactive Brokers LLC, “Other Fees”) states $0.00 (“ACATS Deposit or Withdrawal: None”). Charles Schwab & Co., Inc.’s own published fee schedule states “Full transfer (out) of assets: $50 per account.” Pershing LLC’s own published fee schedule states “Account Termination $150.00 per account.” Fidelity Clearing & Custody Solutions discloses no comparable line item (an honest gap).
A dedicated how-to-leave page for Summit Trail Advisors covers the exit costs in full; the general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
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- Disclosure Brochure (Form ADV Part 2A) (October 11, 2024): https://assets.ctfassets.net/yh0rku0sx56r/24SyZIxPtFf9V6afb3rtsm/400867fcea42b89586e9a20f46619641/STA_Oct_ADV.pdf
- SEC IAPD firm summary (CRD #220519, checked September 28, 2026): https://adviserinfo.sec.gov/firm/summary/220519
- Summit Trail Advisors, LLC’s Wrap Fee Brochure on file with the SEC (March 31, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038614
Methodology. This page was built September 28, 2026, drawing directly on Summit Trail Advisors’ own current fee brochure, linked above, and a fresh SEC IAPD registration check run the same day. As of September 28, 2026, this site publishes a fiduciary-status page and a minimum-investment page for Summit Trail Advisors; where the exit-fee page already exists it is linked above and drawn from that already-sourced page. Any fact we could not independently confirm is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Summit Trail Advisors’ own Form ADV Part 2A and Form CRS. We have not used Summit Trail Advisors as a client. Summit Trail Advisors did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
What does it take to open an account? See Summit Trail Advisors’s minimum investment, straight from its own Form ADV Part 2A brochure.
Comparing Summit Trail Advisors against other options? See Summit Trail Advisors alternatives, including a lower-fee full-service firm, a flat-fee route and a robo/hybrid.
Comparing firms? See all 182 advisor firm reviews in one table, with each firm’s type and its fee on a $500,000 account.