From Broker-Dealer to Boutique RIA: Why Summit Wealth Made the Leap with Randy Morris

This week, Jack Sharry talks with Randy Morris, Founder & CEO of Summit Wealth Group, a boutique financial planning firm with 10 offices nationwide. With a career spanning more than three decades, Randy brings deep experience in entrepreneurial leadership, holistic planning, and building a stakeholder-driven culture.

Jack and Randy explore Summit’s path to independence and how a focus on culture, ownership, and intentional growth fueled the transition. Randy also shares the key reasons they chose SEI as a strategic partner—from cultural alignment to proactive tax strategies for high-net-worth clients—and what it takes to future-proof a boutique firm in today’s evolving wealth management landscape.

In this episode:

(00:00) - Intro

(01:16) - Summit’s history and foundational philosophy

(05:05) - Why Summit selected SEI as a strategic partner

(09:05) - Leveraging SEI’s proactive tax strategies

(10:23) - Building and protecting Summit’s company culture

(14:58) - Summit's organic growth and intentional M&A approach

(17:34) - Randy's key takeaways

(19:12) - Randy's interests outside of work

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