This award was issued on 06/01/2023 by Five Star Professional (FSP) for the time period 09/12/2022 through 03/31/2023. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 1,636 Milwaukee-area wealth managers were considered for the award; 173 (11% of candidates) were named 2023 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2022: 1523, 171, 11%, 6/1/22, 9/27/21 - 3/25/22; 2021: 1036, 169, 16%, 5/1/21, 9/7/20 - 4/9/21; 2020: 1092, 172, 16%, 6/1/20, 9/16/19 - 4/10/20; 2019: 1061, 224, 21%, 6/1/19, 9/17/18 - 4/12/19; 2018: 1461, 220, 15%, 6/1/18, 10/3/17 - 4/18/18; 2017: 1148, 237, 21%, 6/1/17, 9/30/16 - 4/17/17; 2016: 923, 370, 40%, 5/1/16, 9/6/15 - 5/5/16; 2015: 1329, 430, 32%, 6/1/15, 9/6/14 - 5/5/15; 2014: 1744, 397, 23%, 6/1/14, 9/6/13 - 5/5/14; 2013: 2672, 524, 20%, 6/1/13, 9/6/12 - 5/5/13; 2012: 1291, 303, 23%, 6/1/12, 9/6/11 - 5/5/12.

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View our Form ADV – Part 2A

Summit Investment Management Ltd. is a Wisconsin based and regulated Registered Investment Advisory firm.  The existence of this website should not be construed in any direct or indirect manner as a solicitation for advisory or securities business in any states beyond the states in which Summit Investment Management Ltd. maintains registration or is exempted or excluded from registration based on each state’s applicable de minimis rules.

Information associated with this website is believed to be accurate and from reliable sources.  However, Summit Investment Management Ltd. does not guarantee its accuracy and the information is not intended to be the primary basis for investment decisions or to be construed as advice meeting the particular needs of any individual.

Furthermore, Summit Investment Management Ltd. has no control over the accuracy of websites found through the links within.

Better Business Bureau (“BBB”) accreditation means that the BBB determined that Summit Investment Management, Ltd. meets certain standards with regard to licensing, regulatory complaints, consumer complaints, advertising, and other business practices. In order for a company to be eligible for the BBB accreditation the company must satisfy a number of conditions and standards, including being free from government actions demonstrating a significant failure to support BBB ethical principles and establishing practices to safeguard client data. Further information about BBB accreditation standards can be found at the following website: https://www.bbb.org/en/us/code-of-business-practices/. BBB accredited firms must also agree to abide by the BBB Code of Business Practices which represents the standards for business accreditation by the BBB in the United States and Canada.

The BBB rating system rates businesses on a scale of A+ to F, with A+ being the highest. Clients and prospective clients can view details of the rating system at https://www.bbb.org/en/us/overview-of-bbb-ratings/. While the BBB does not require membership or payment in order for applicants to be considered for the designation, BBB accredited businesses pay a uniform fee in advance for accreditation review/monitoring and for support of BBB services to the public.

BBB accreditation and ratings are unrelated to and therefore do not guarantee (or in any way affect) future performance of the firm, or any future performance pertaining to any clients’ investments and should not be construed as a guarantee or indication that a client will experience a certain level of results or satisfaction by engaging Summit Investment Management, Ltd., nor should its BBB status be construed as a current or past endorsement by any of its clients.

Information Regarding Performance Figures
The following information is provided to you to assist you in understanding the basis for the portfolio performance results shown throughout this website.

The performance figures for all portfolios reflect the average returns of all accounts managed in each of the portfolios shown. All portfolios have growth as an objective and were managed on a discretionary basis by Summit.
The results shown from 12/31/02 include the reinvestment of dividends and are based on a “modified Dietz” time-weighted performance measurement system designed to minimize the variability of returns due to timing of client contributions and withdrawals. The results are presented both before and after fees and expenses. Summit’s exact management fees are described in its Form ADV, Part II/Appendix.
Clients having portfolios containing securities other than those used for the model portfolio selected, and clients subject to tax, client-imposed or other restrictions, would have had higher or lower account returns than the performance shown.
Factors such as the size and performance of specific securities positions and accounts, the length of time certain positions are held, the timing of purchases and sales during the reporting period, market trends and other factors all influence performance results materially. For these reasons, actual client account performance for any portfolio choice would only match Summit’s performance for any portfolio shown by coincidence.
The data used for the report was obtained from a third party source deemed reliable and then organized by the staff at Summit. Performance calculations were prepared using standard industry software. Errors could have occurred in the data, in the calculations, or in the preparation of this report.
The composition and market volatility of the S&P 500 and other indices, which are broad, unmanaged market value-weighted indices, and the composition and volatility of the portfolios managed by Summit are materially different.
The results shown on this report should not be considered indicative of future performance. There can be no assurance that Summit’s future recommendations and account performance results will be favorable, or that losses will not occur in any clients accounts.
Any question regarding this information should be brought to the attention of Summit at (414)-291-4488.

Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria-required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP's consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP's consumer complaint process; feedback may not be representative of any one client's experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria-considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager's future performance . Wealth Managers may or may not use discretion in their practice and therefore may not manage their clients' assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit www.fivestarprofessional.com.