Summit Wealth Group: Independent wealth management firm that helps clients reach their financial and personal goals
Published: 2022-05-05 | Author: VisionariesNetwork Team
In 1985, Randy Morris, CEO, founded Executive Financial Planning, Inc. (EFP) with a vision to provide independent, customized financial planning advice to clients. Over the next 17 years, EFP grew to become one of the largest independent financial advisory firms in the nation. In 2002, the company expanded its vision by creating Summit Wealth Group, which is now headquartered in Colorado Springs, Colorado, with locations in five states and ten branch offices.
A Purpose-Driven Approach
At Summit Wealth Group, the purpose is simple: to help clients navigate the path to a better, more secure future. The company's philosophy is built around the idea that a carefully constructed and accountability-based plan can help clients achieve their dreams. This approach enables individuals to devote their time and energy to pursuing their passions, rather than worrying about their financial security.
Core Values
The company's core values are centered around exceptional client experience, teamwork and growth, ownership and accountability, and intentional relationships. These values are reflected in every aspect of the company's operations, from the planning process to client relationships.
Why Summit Wealth Group
Summit Wealth Group is not just a financial services firm; it is a calling for its staff. Each member of the team is driven by a deep conviction that they are not just providing financial advice, but guiding people towards reaching their desired life. This commitment to excellence is reflected in every interaction with clients, from the initial consultation to ongoing planning and management.
Client Relationships
At Summit Wealth Group, long-term client relationships are built on trust, empathy, and integrity. The company's staff often develop close personal friendships with clients, frequently golfing together or serving on the same boards. Regular client events are also hosted throughout the year to foster a sense of community and connection.
Comprehensive Financial Planning
The company's focus is on helping clients define what fulfillment looks like to them and providing the tools to achieve it. Comprehensive financial planning is at the heart of this approach, serving as a foundation for an individual's life journey. This planning process involves identifying what's important to the client, planning for potential headwinds, and creating a roadmap for achieving their goals.
Why Comprehensive Financial Planning Matters
Having a comprehensive financial plan can create intentionality in one's life, overcome obstacles and address concerns, identify potential threats to financial goals, and empower individuals to make informed decisions. By working with a certified financial planner (CFP), clients can feel confident that they are on the right track towards achieving their financial goals.
Randy Morris, Chief Executive Officer
Randy Morris’ early career helped prepare him as a financial planning pioneer. After graduating from the University of Colorado in 1982 with a degree in business and organizational management, he worked for two years as Vice President of Executive Economic Services, Inc., in Denver, Colorado.
In 1985, Randy founded Executive Financial Planning, Inc. (EFP), one of Mississippi's first financial planning firms. During his tenure as founder and CEO, EFP became one of the nation's largest financial planning firms.
In 2002, he created Summit Wealth Group (SWG) out of a desire to provide additional wealth management services for clients. Randy serves as the firm's CEO. SWG currently works with clients in 46 states with client assets under advisement of $2.007 billion as of April 2024.
Peers in the financial industry have recognized Randy’s skills and accomplishments by electing him as a past President of the Mississippi Chapter of the Financial Planning Association (FPA). Randy is a Chartered Financial Consultant (ChFC-1985), and a CERTIFIED FINANCIAL PLANNER™ Practitioner (1987). He is also a Registered Representative, an Investment Adviser Representative, and a Registered Securities Principal with Commonwealth Financial Network® (a registered broker/dealer, member FINRA/SIPC). Additionally, he has assisted the CFP® Board of Examiners as an exam reviewer.
Randy has served on numerous boards, including Barge Timberlands International, Camp Lake Forest Ranch, Southeast Regional Committee for Young Life, Military Community Youth Ministries (MCYM), and the World Vision Leadership Council. Randy lives with his wife, Nancy, in Scottsdale, Arizona, where they attend Scottsdale Bible Church. They have six children: Joy, Jesse, Hannah, Scott, Randy, and Ryan, as well as 12 grandchildren.
Randy’s accolades include being recognized by Forbes Magazine in each of the past 7 years, making its "Best-In-State Wealth Advisors" list for the state of Arizona. Randy has also been recognized as a Chairman’s Level advisor through Commonwealth every year since 2007. This is a distinction based on annual production attained by just 3 percent of advisors affiliated with Commonwealth Financial Network.
“We help our clients navigate through the critical financial decisions they might face throughout life with confidence.”
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