Naples-Based UBS Team Joins Summit Financial’s Partnership Model to Launch Kyros Private Wealth
Naples-based UBS Team Joins Summit Financial’s Partnership Model to Forge Independent Path
In a groundbreaking move, a Naples-based UBS team with $370 million in assets under management (AUM) has joined Summit Financial Holdings’ partnership model to establish their independent practice. The newly formed firm, Kyros Private Wealth, is led by founding partner and private wealth advisor William E. Clegg IV, CFP®, CIMA.
Kyros Private Wealth, headquartered in Naples, Florida, represents the sixth firm in 2024 to join Summit Growth Partners (SGP), a unique partnership that combines cash monetization with equity participation and exclusive partnership privileges. This move marks a significant milestone for the team, formerly known as The Clegg Group, as they embark on a new chapter of independence.
As part of the partnership with Summit, Kyros will have access to a comprehensive suite of services, including exclusive investment solutions, top-tier technology, risk management capabilities, and operational support. This support will enable Kyros to effectively launch, operate, and grow their new business while delivering unparalleled service to their clients.
The team at Kyros includes Heather G. Clegg, co-founder and managing director; Ethan Fales, investment strategist; Cole Hughes, associate wealth advisor; and Patrick Beste, financial consultant. Together, they specialize in providing tailored wealth management services to high-net-worth individuals, including business owners, executives, and entrepreneurs, guiding them towards financial success in both their personal and professional lives.
“We are thrilled to break away and gain our independence with the support of Summit Financial,” said William E. Clegg IV. “This partnership will not only allow us to grow and scale effectively but also provide our clients with the highest level of service and expertise.”
The addition of Kyros marks the first Summit-affiliated firm utilizing Goldman Sachs Custody Solutions, with more firms expected to join the digital-forward custodial provider in the coming months. Jeremy Eisenstein, managing director at Goldman Sachs Custody Solutions, expressed excitement about supporting Kyros’ growth-oriented mindset and independence.
“We are pleased to welcome the Kyros team to the Summit Financial family,” said Stan Gregor, CEO of Summit Financial Holdings. “Their expertise and commitment to excellence align well with our values, and we look forward to a future marked by remarkable growth and success.”
Summit Financial, a Forbes and Barron’s Top 100 RIA Firm, remains committed to its founding principles of independence and comprehensive financial planning. Interested advisors and firm leaders can learn more about Summit Financial’s platform of integrated services and technology at summitfinancial.com.
About Summit Financial:
Summit Financial Holdings, LLC, and its affiliated firms are dedicated to guiding clients towards financial success by aligning extensive experience with a forward-thinking philosophy. With a focus on individual needs and values, Summit provides customized, holistic financial advice to help clients achieve their aspirations.
About Goldman Sachs Custody Solutions:
Goldman Sachs Custody Solutions offers institutional-grade solutions and custody services to clients of independent advisors. Their digital-forward platform enhances transparency and connects advisors to best-in-class services and tools. Custody, clearing, and brokerage services are provided by Folio Investments, Inc. d/b/a Goldman Sachs Custody Solutions and Goldman Sachs & Co. LLC.
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