Summit Trail Advisors, a New York-based registered investment advisor with $18 billion in client assets, has added a team of 10 financial professionals who previously managed $3 billion in assets at BMO Financial Group. The former Major Client Group was with BNP Paribas Bank of the West previously acquired by BMO in 2023.
The group is located in offices across the country and includes David Hultman and Danielle Louton, partners and counsel in San Francisco; Ali Homayounfar, former head of Key Client Group, partner and head of business development in New York; Roberto Homar, advisor and portfolio management specialist in New York; Tony Morel, investment specialist in New York; and Dimitre Ivanov, head of business management and client reporting in Chicago. Partner and counsel Shima Salehi is based in Portland, Ore., and will lead Summit Trail's expansion into the Pacific Northwest, while partner and counsel Matthew Marsh will build the firm's first office in the Rocky Mountain region in Denver.
Also joining the team are client services officers Ina Locsin in San Francisco and Tannaz Sanandaj in Los Angeles.
Summit Trail was founded in July 2015 by a group of former Barclays advisers, including founder and managing partner Jack Petersen. In June 2015, Stifel agreed to buy Barclays' US wealth operations, and many councilors chose to leave rather than joining Stifel.
Summit Trail, which is a member of the Dynasty Financial Partners network of independent financial advisory firms, used Dynasty Investment Bank as its advisor and to provide financing in the transaction.