An advisor who managed greater than $500 million in shopper belongings as wealth advisor at Wells Fargo is becoming a member of Summit Path Advisors as the primary rent for that agency’s Seattle workplace.
Michelle Rudd has 30 years of expertise within the business, 17 of which had been with Wells Fargo. She focuses on Pacific Northwest Extremely Excessive Internet Value (UHNW) purchasers, together with executives and enterprise house owners. Rudd mentioned the objective was to higher serve these varieties of purchasers with Summit Path Advisors, which is a member of Dynasty Monetary Companions’ Community of impartial monetary advisory companies.
“UHNW purchasers demand subtle investments, progressive know-how, full transparency with charges and phrases, and most significantly, alignment of pursuits,” she mentioned. “Summit Path Advisors is designed and devoted to serving the distinctive wants of the Extremely Excessive Internet Value shopper.”
Rudd’s hiring marks the opening of Summit’s Seattle workplace; along with this new workplace, the agency operates places of work in Chicago, Boston, New York and San Francisco. Summit Path Advisors has been enthusiastic about increasing into Seattle since 2017, in response to a 2017 interview with Jack Petersen, the founder and managing accomplice for Summit. The agency was based in July 2015 by a gaggle of former Barclays advisors (together with Petersen), and presently has $5.5 billion in belongings underneath administration. Petersen mentioned Summit was “thrilled” about Rudd’s hiring.
“She is an advisor with deep experience in life planning and household governance,” he mentioned. “Michelle is effectively revered within the Seattle enterprise group and a pure chief who will assist us construct the premiere UHNW wealth advisory observe within the Pacific Northwest.”
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