Company Information

Get to know summit brokerage services, inc.

Founded in 1993, Summit Brokerage Services, Inc. operated as a privately-held, independent broker-dealer headquartered in Boca Raton, Florida. The firm provided a platform for independent financial advisors, offering a range of financial products, services, and technology to help them serve their clients. In August 2019, it was announced that Summit Financial Networks (the parent company of Summit Brokerage Services) would be acquired by Cetera Financial Group. The acquisition was completed, and in February 2020, Summit Brokerage Services, Inc. was officially merged into Cetera Advisor Networks LLC, ceasing to operate as a standalone entity.

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Stock BrokerPRIMARY
Financial Other Service

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summit brokerage services, inc.

United States

Founded in

1993 (33 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.