Jeff Ringdahl has stepped down as president and chief operating officer at RIA Summit Trail Advisors just two months after starting the role.
“After thoughtful consideration, I’ve decided to step down from my role as President and COO of Summit Trail Advisors. I have great respect for the firm and its commitment to delivering an exceptional client experience, but I concluded that this opportunity wasn’t the right long-term fit for me,” he wrote on a LinkedIn post earlier this week.
“I look forward to pursuing new opportunities to drive growth and innovation in the evolving asset and wealth management industry,” Ringdahl said.
Previously, the RIA executive had spent 14 years at Resolute Investment Managers, most recently as president and CEO. He then was briefly self-employed before joining Summit Trail, according to his LinkedIn profile.
“We appreciate the contributions Jeff made to Summit Trail. We wish him well with his future endeavors," Jack Petersen, the RIA's co-founder and managing partner, said in a statement shared with ThinkAdvisor on Thursday.
Summit Trail announced Ringdahl's appointment as partner, president and COO on May 19, when it also said that the firm had $23.6 billion in assets under management and $26.2 billion in assets under advisement — as well as about 100 employees in 10 offices.
When Ringdahl was hired, Peterson explained: “Our firm is committed to serving the complex needs of UHNW individuals and families who have outgrown traditional investment management and the addition of Jeff to our senior leadership team reinforces this commitment.”
CityWire reported on the Ringdahl's departure on Monday.
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