Barry joins Summit Financial as CIO

Dawn Furnas//September 21, 2022//

Barry joins Summit Financial as CIO

Dawn Furnas//September 21, 2022//

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Summit Financial appointed Kevin Barry as its new chief investment officer.

Summit Financial appointed 25-year industry veteran Kevin Barry as its new chief investment officer, the Parsippany-based investment adviser announced Sept. 20. 

Barry most recently served as chief investment officer at CAPTRUST, where he oversaw more than $60 billion in discretionary assets under management for individual and institutional level clients. According to his hiring announcement, his market insights have been featured by CNBC, Bloomberg and other media outlets. 

Barry also worked for Third Law Capital Management, Caxton Associates Alternative Fund, Brevan Howard Hedge Fund, Credit Suisse Asset Management and TimesSquare Capital Management/CIGNA Insurance Co., according to his LinkedIn profile

In his new role, he is responsible for broadening resources, solutions and flexibility of investment offerings available to advisors and their clients. 

“Securing a talented investment leader like Kevin is a significant milestone in our evolution as a platform that meets our advisors’ needs and accelerates their future success,” Summit CEO Stan Gregor said in a statement. 

Merchant Investment Management, who first partnered with Summit in 2019, helped facilitate Barry’s hiring. 

That partnership was also the catalyst for the launch of the Summit Growth Partners advisor capital solution, which, along with Summit’s proprietary platform SummitVantage, has helped bring the total of the firm’s assets under advisement to $7 billion as of Aug. 31, the company said. 

“There are few professionals like Kevin who possess both the investment management acumen and the experience of helping an organization scale through acquisition,” said Merchant co-founder and Managing Partner Tim Bello. “Our partner firms benefit from alignment of great talent. Kevin is no exception to the caliber of talent we seek for our partner firms, and I know he will be a fantastic addition to Summit’s growing advisor platform.”