FOR IMMEDIATE RELEASE:
Contact:
Sean McDermott
info@summitinvest.com
651-490-2939
FORBES RECOGNIZES SEAN MCDERMOTT AS A BEST-IN-STATE WEALTH ADVISOR
Roseville, MN — June 12, 2026 – Sean McDermott, an independent LPL Financial advisor in Roseville, MN, has been recognized in this year’s list of the Forbes/SHOOK Best-in-State Wealth Advisors for his track record of success in the financial services industry. McDermott, Founder and President of Summit Investment Advisors, was recognized as the No. 16 advisor in Minnesota.
The annual list is compiled by Forbes with insights from SHOOK Research. Advisors are selected based on quantitative and qualitative data, and are assessed on a variety of criteria, including interviews, years of experience, compliance records and assets under management.
"We are thrilled to extend our heartfelt congratulations to Sean McDermott for the well-deserved recognition from Forbes, on behalf of the entire team at LPL," said Peter Vincent, LPL’s executive vice president and head of field management. "This award showcases his dedicated efforts in guiding his clients towards financial success, especially during times of economic uncertainty and global challenges. LPL remains steadfast in our commitment to supporting ambitious advisors like Sean, equipping them with robust investment solutions, advanced technology platforms, and extensive resources to provide unparalleled service and experiences for their clients."
McDermott has over 35 years of experience in the financial services industry and provides individuals, families, and businesses with an integrated approach to retirement income planning, investment management, and tax strategy. McDermott and his team have particular expertise serving those who are navigating the complex transition from accumulation to retirement, including employees in the medical technology industry.
McDermott is a financial advisor affiliated with LPL Financial, a leading wealth management firm that supports financial advisors—whether they work as independent business owners, with an RIA firm or in a financial institution—so they take care of their clients and run a thriving business.
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About Summit Investment Advisors
Summit Investment Advisors is a comprehensive financial advisory firm based in Roseville, Minnesota, serving clients in Minnesota and Florida. Founded in 2000 by Sean McDermott, CFP®, the firm offers integrated retirement income planning, investment management, and tax planning services.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $2.4 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Summit Investment Advisory Services, a Registered Investment Advisor.
Summit Investment Advisors, Forbes, Shook Research, and LPL Financial are all separate entities.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
Additional Disclosures Provided by SHOOK® Research, LLC.
The Forbes Best-In-State Wealth Advisor ranking, developed by SHOOK Research, is based on in-person and telephone due diligence meetings and a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK Research receives a fee in exchange for rankings
Out of 52,043 number of nominations, 11,302 U.S. advisors received this recognition.
