TrueAdvisor
TrueAdvisor
SM
CFP
SM
CFP

Sean Patrick Mcdermott

Summit Investment Advisory Services
36 Years of Experience
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary
Areas of Practice
Investment Management
Summit Investment Advisory Services
Compensation
Fee-Only (AUM)Fixed/Hourly
Firm Size
6 advisors
Number of Clients
1,352 clients
Average Client Portfolio
$468K average
Assets Under Management
$632.5M

Fee Structure

Minimum Investment:None
Financial Planning:Investment management only
AUM-Based Fees (Flat)
Assets Under ManagementAnnual Fee
$0+1.50%

Fee is negotiable based on account value, complexity of planning, investment allocation, customer loyalty, and personal relationship.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—

Location

3065 Center Pointe Drive, Suite 2, Roseville, MN, 55113

Get directions

History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
March 2009
Settled
Customer Dispute
October 2003
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Sean is involved in several business activities, including non-variable insurance sales, seminar speaking, estate planning services, real estate, tax advisory services, and authorship. He also owns Summit Investment Advisors and Summit Estate Planning, LLC.

Employment History
Current Registrations
Summit Investment Advisory Services
February 2014 - Present · 12 yrs
LPL Financial LLCBroker
August 2000 - Present · 25 yrs 6 mos
Previous Registrations
LPL Financial LLC
April 2010 - October 2015 · 5 yrs 6 mos
Securities America, INC.Broker
September 1989 - August 2000 · 10 yrs 11 mos
State Registrations37 states
AKALARAZCACODCFLGAIAIDILKSLAMAMIMNMOMTNCNDNENJNVNYOHOKORPARISCSDTXVAWAWIWY
AdvisorBrokerBoth
Exams
No exam information available for this advisor.