Summit Wealth Group
- Stephanie LopezSenior Managing Director · Company website
- Luke SpinardiManaging Director · Company website
- Andrea SpinardiOffice Manager · Company website
- Mitchell BenefielPrivate Client Advisor · Company website
- Cole WayPrivate Client Associate · Company website
How we got $1.3M
Based on typical figures for its industry (2022 Economic Census), not its own records.
Employees over time
▼ 75% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 4 | $1.2M |
| 2021 | Form 5500 | 3 | $902K |
| 2022 | Form 5500 | 1 | $301K |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
- Family in the business (Luke Spinardi, Managing Director)
From public records and the company's website, not a statement that it's for sale.
What they do
Integrated Wealth Solutions is a financial planning and asset management firm, a wholly owned subsidiary of Summit Wealth Group, LLC, offering individually managed accounts and a customized plan for every client. Its pages also describe tax planning and preparation and 401k management.
From the company's website. Industry: Financial advisors.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Summit Wealth Group this business | $1.1M | — |
| Integrated Tax Solutions Tulsa | $1.1M | 0.0 mi |
| MidFirst Bank Tulsa | $1.8M | 0.0 mi |
| MoneyGram Tulsa | $1.1M | 0.2 mi |
| Western Union Tulsa | $1.1M | 0.2 mi |
| QUIKTRIP #0078 Tulsa | $1.1M | 0.2 mi |
| Onb Bank & Trust Company Tulsa | $1.8M | 0.2 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $1.3M |
| Multiple for this size and industry | 3× |
| Value range | $435K – $2.1M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Portfolio Management and Investment Advice businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (41%). Treat these as a rough guide.
| Revenue range | $441K – $1.4M |
| EBITDA range | $181K – $585K |
| Industry (NAICS) | Portfolio Management and Investment Advice (523940) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
History & advisors
“In 2010, Ted founded Summit Wealth Group and in 2013 Summit Wealth Group became a Registered Investment Advisor.”
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Summit Wealth Group
Summit Wealth Group is a financial advisors company in Tulsa, Oklahoma, in business since 2010. It is owned by Theodore Spinardi (Founder). Its estimated annual revenue is about $1.1M, with roughly $435K of EBITDA. It has about 1 employees. Its estimated business value is $1.3M (likely range $435K–$2.1M).
Common questions
- Who owns Summit Wealth Group?
- Summit Wealth Group is owned by Theodore Spinardi (Founder), according to public sources such as the company's website or filings.
- How much revenue does Summit Wealth Group make?
- SeeBITDA estimates Summit Wealth Group's annual revenue at about $1.1M (likely between $441K and $1.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Summit Wealth Group worth?
- About $1.3M, roughly 3× its estimated EBITDA of $435K, typical for a financial advisors company its size. Likely range: $435K–$2.1M.
- How many employees does Summit Wealth Group have?
- About 1, from its 2022 retirement-plan filing.
- When was Summit Wealth Group founded?
- Summit Wealth Group has been in business since 2010.