First Summit Capital Management (Jersey City)


First Summit Capital Management is a large advisory firm based in Jersey City. It manages $49.3 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Ohio.

First Summit Capital Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Summit Capital Management: assets under management

The assets under management (AUM) of First Summit Capital Management is $49.3 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $49.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $24.65 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay First Summit Capital Management for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
The Union Central Life Insurance Company Member 1 Jan 1994 75% - 100% 31-0472910
Inc. Native Nations Securities Shareholder 1 Jan 2001 75% - 100% 47478
Kimberly Michelle Guerrero Shareholder 1 May 2001 Other 4293162
Valerie Rochelle Little Star Redhorse Shareholder 1 May 2001 25% - 50% 3160944
Justine Helen Lennon Shareholder 1 May 2001 25% - 50% 1444196
Inc. Native Nations Securities Shareholder 1 Jul 2001 50% - 75% 47478

Based in Jersey City

The principal office where First Summit Capital Management performs its advisory services is located at 30 Montgomery Street, Jersey City, NJ 07032, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number (201) 434-7400 or by fax (201) 234-5362. The normal business hours are 8:15 a.m. - 4:30 p.m. on Monday - Friday.