RIA Summit Financial says it has hired industry veteran Ed Friedman to lead its business development efforts. The wealth firm works with about $3.6 billion of assets; Merchant Investment Management took a minority stake in Summit last year.
Earlier, Friedman worked for Dynasty Financial Partners (2013-2019). He also was part of the founding management team at HighTower (2008-2011) and was with Morgan Stanley from 1986 to 2008, according to FINRA BrokerCheck.
“Ed’s industry experience and recognition will advance this goal, and we expect he will make an immediate impact,” Summit Financial CEO Stan Gregor said in a statement.
“His expertise in business development and strategic leadership roles, as well as his background as a financial advisor, supports our mission to deliver what advisors truly need in order to stand apart in the market,” Gregor added.