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Updated September 28, 2026. Quick answer: Summit Trail Advisors’ own Form ADV Part 2A brochure refers to a discretionary minimum asset amount that certain of its strategies may require, and states plainly that the Advisor generally does not impose a minimum relationship size, but it never states a specific dollar figure for either. “The Advisor generally does not impose a minimum relationship size for establishing a relationship. However, certain of the Advisor’s strategies may require a minimum asset amount in order to achieve optimal returns based on the needs of the Client, which the Advisor can waive in its sole discretion.”
The minimum, in the firm’s own words
Summit Trail Advisors’ own Form ADV Part 2A brochure refers to a discretionary minimum asset amount that certain of its strategies may require, and states plainly that the Advisor generally does not impose a minimum relationship size, but it never states a specific dollar figure for either. “The Advisor generally does not impose a minimum relationship size for establishing a relationship. However, certain of the Advisor’s strategies may require a minimum asset amount in order to achieve optimal returns based on the needs of the Client, which the Advisor can waive in its sole discretion.”
Minimum investment and what it would cost
| Program | Minimum investment | Annual fee at that minimum | Waivable? |
|---|---|---|---|
| an investment advisory relationship | None stated; certain strategies may require an unspecified minimum, waivable at the Advisor’s discretion | Varies with account size | Yes, at the Advisor’s sole discretion |
| Source: Disclosure Brochure (Form ADV Part 2A), October 11, 2024 | |||
Summit Trail Advisors’ own fee schedule at other balances
| Account balance | Annual fee |
|---|---|
| $250,000 | $3,750 |
| $500,000 | $7,500 |
| $1,000,000 | $15,000 |
| $2,000,000 | $30,000 |
What a larger account would cost
The minimum is only the entry point. On a $500,000 account, Summit Trail Advisors’ own published fee schedule runs up to $7,500 a year (the published maximum, which the firm says is negotiable); see the full dollar breakdown from Summit Trail Advisors’ own fee disclosure across several account sizes. Read our full review of Summit Trail Advisors before you decide.
Already a client and thinking about the minimum a different way, like whether you could get a better deal elsewhere? See how much it costs to leave Summit Trail Advisors, or read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.
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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 Investment Adviser Public Disclosure, Summit Trail Advisors, LLC (CRD #220519): https://adviserinfo.sec.gov/firm/summary/220519
- Summit Trail Advisors, LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/220519/PDF/220519.pdf
Methodology. This page was built September 28, 2026, quoting directly from Summit Trail Advisors’ own current Form ADV Part 2A / wrap-fee brochure, with the source linked above. The annual-fee-at-the-minimum figure applies that same brochure’s own published fee schedule to the disclosed minimum dollar amount; any distinction we could not independently confirm this session 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 the firm’s own Form ADV Part 2A. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.