Sean P. Mcdermott

SUMMIT INVESTMENT ADVISORY SERVICES

Boca Raton, FL 33431

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CRD#: 1980559

Professional summary

Sean Patrick Mcdermott, CFP® is a registered financial advisor currently at SUMMIT INVESTMENT ADVISORY SERVICES located in Boca Raton, Florida and LPL FINANCIAL LLC located in Boca Raton, Florida.

Sean is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1989. Sean has worked at 3 firms and has passed the Series 63, SIE, Series 7, Series 51 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

None

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

1. 10/03/2002 - NO BUSINESS NAME - INV REL - 3065 CENTRE POINTE DR STE 2, ROSEVILLE, MN 55113 - NON-VARIABLE INSURANCE - ROSEVILLE, MN 2. 12/06/2013: SUMMIT INVESTMENT ADVISORS - SEMINAR SPEAKER - 2% OF TIME SPENT - SPEAKING ON SOCIAL SECURITY RELATED TOPICS AT WORKSHOPS AND CONFERENCES. 3. 12/06/2013: SUMMIT INVESTMENT ADVISORS - DBA FOR LPL BUSINESS (ENTITY FOR LPL BUSINESS) - INV REL - 3065 CENTRE POINTE DR STE 2, ROSEVILLE, MN 55113 4. 06/05/2014 - Summit Investment Advisory Services - INV REL - 3065 Centre Pointe Drive, Suite 2 Roseville, MN 55113 - Registered Investment Advisor Hybrid - START 06/02/2014 - 40 HOURS PER MONTH, 3 DURING TRADING - Provide financial plans on a fee as well as hourly based. 5. 12/23/2014 - Summit Advisors, Inc. - 3065 Centre Pointe Drive, Suite 2 Roseville, MN 55113 - Business Entity For Tax/Investment Purposes Only - START 11/14/14 - 2 HOURS PER MONTH - Business Entity For Tax/Investment Purposes Only 6. 11/25/2015 - NO BUSINESS NAME - NOT INV REL - 3065 Centre Pointe Drive, Stuite2 Roseville, MN 55113 - Notary Public - START 01/01/2000 - NO TIME SPENT - I'm a notary public and notarize signatures. 7. 03/21/2016; Newman Long Term Care; Non-Variable Insurance; INV REL; AT REPORTED BUSINESS LOCATION;START 03/11/2016; ,A. Agent B. Newman Long Term Care. , C. Yes carrier level, D. No; 1 HR/MO; 0 HRS DURING SECS TRADING. 8. 9/19/2019 - Summit Estate Planning, LLC - Investment Related - At Reported Business Location(s) - Other-Estate Planning Services - Owner/Operator - Started 09/12/2019 - 2 Hours Per Month During Securities Trading - Collect estate planning documents for licensed attorney and law firms for the creation of will, trusts, and estate plans. Also facilitate the signing and notarization of estate planning documents. 9. 6/16/2020 - Active Florida Realty - Investment Related - Home Based - Mortgage/Real Estate Services - Started 06/12/2020 - 0 Hours Per Month 10. 10/06/2022 - Summit Tax Advisory Services, Inc. - Investment Related - 3065 Centre Pointe Drive, Ste 2 - Tax Prep/Accounting/CPA - Start Date - 01/17/2018 - 4 Hours Per Month/3 Hours During Securities Trading 11. 01/24/2024 - No Business Name - Non-Inv Related - Roseville, MN - Author of "New State New Life" - Started: 8/1/2023 - 1 Hr/mo; 0 Hr During Trading. 12. 01/24/2024 - No Business Name - Non-Inv Related - Roseville, MN - Author of "Summit to Retirement" - Started: 5/1/2021 - 1 Hr/mo; 0 Hr During Trading. 13. 11/12/2024 - SPMCD, LLC - Real Estate Rental- Investment Related - At Reported Business Location- Start Date 01/01/2024 - 1 Hour Per Month/ 0 Hours During Trading

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Sean Patrick Mcdermott's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

CFP^®

Certified Financial Planner

Start date: 1992

Experience

Current

February 19, 2014 - Present

SUMMIT INVESTMENT ADVISORY SERVICES

Office #1: 4800 N. Federal Highway Suite 210a, Boca Raton, FL 33431

RIA

CRD#: 168594

Boca Raton, FL

Current

August 23, 2000 - Present

LPL FINANCIAL LLC

Office #1: 4800 N. Federal Hwy, Ste B111, Boca Raton, FL 33431Office #2: 3065 Centre Pointe Dr Ste 2, Roseville, MN 55113-1118Office #3: 1650 West End Blvd, Ste 100, St Louis Park, MN 55416

RIA

CRD#: 6413

BOCA RATON, FL

Past

April 22, 2010 - October 28, 2015

LPL FINANCIAL LLC

RIA

CRD#: 6413

ST LOUIS PARK, MN

Past

September 19, 1989 - August 25, 2000

SECURITIES AMERICA, INC.

CRD#: 10205

LAVISTA, NE

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

SUMMIT INVESTMENT ADVISORY SERVICES

MCDERMOTT, SEAN P | SUMMIT INVESTMENT ADVISORY SERVICES, LLC | SUMMIT INVESTMENT ADVISORY SERVICES, INC. | SUMMIT INVESTMENT ADVISORY SERVICES | SUMMIT INVESTMENT ADVISORS

CRD#: 168594 / SEC#: 801-110650

RIA

Registered Investment Advisory firm - (6/9/2017 Approved)

Florida

Registered Investment Advisory firm - (12/21/2017 Terminated)

Minnesota

Registered Investment Advisory firm - (12/21/2017 Terminated)

Wisconsin

Registered Investment Advisory firm - (12/21/2017 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

Alabama
(1/23/2015)

Alaska
(10/20/2017)

Arizona
(8/23/2000)

Arkansas
(11/1/2019)

California
(8/23/2000)

Colorado
(8/23/2000)

District of Columbia
(11/28/2023)

Florida
(8/23/2000)

IAR

Florida
(1/30/2019)

Georgia
(2/3/2011)

Idaho
(2/3/2016)

Illinois
(4/27/2005)

Iowa
(8/23/2000)

Kansas
(2/14/2020)

Louisiana
(9/25/2020)

Massachusetts
(11/9/2015)

Michigan
(11/10/2015)

Minnesota
(8/23/2000)

IAR

Minnesota
(2/19/2014)

Missouri
(6/8/2017)

Montana
(11/27/2024)

Nebraska
(4/28/2021)

Nevada
(8/27/2018)

New Jersey
(9/11/2023)

New York
(4/5/2010)

North Carolina
(6/3/2015)

North Dakota
(10/6/2011)

Ohio
(12/6/2019)

Oklahoma
(2/11/2020)

Oregon
(2/18/2004)

Pennsylvania
(2/10/2020)

Rhode Island
(8/11/2021)

South Carolina
(10/21/2019)

South Dakota
(5/19/2017)

Texas
(8/23/2000)

Virginia
(10/22/2013)

Washington
(8/3/2007)

Wisconsin
(8/23/2000)

Wyoming
(6/30/2017)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state. Note: This rule does not apply to broker-dealer activity.

Exams

State Security Law Exam

Series 63

Date: 10/6/1989

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 9/16/1989

General Securities Representative Examination

Principal/Supervisory Exam

Series 51

Date: 9/23/2005

Municipal Fund Securities Principal Examination

Principal/Supervisory Exam

Series 24

Date: 10/20/2000

General Securities Principal Examination

SRO Registrations

FINRA

Current Firm

SUMMIT INVESTMENT ADVISORY SERVICES

MCDERMOTT, SEAN P | SUMMIT INVESTMENT ADVISORY SERVICES, LLC | SUMMIT INVESTMENT ADVISORY SERVICES, INC. | SUMMIT INVESTMENT ADVISORY SERVICES | SUMMIT INVESTMENT ADVISORS

CRD#: 168594 / SEC#: 801-110650

RIA

Registered Investment Advisory firm - (6/9/2017 Approved)

Florida

Registered Investment Advisory firm - (12/21/2017 Terminated)

Minnesota

Registered Investment Advisory firm - (12/21/2017 Terminated)

Wisconsin

Registered Investment Advisory firm - (12/21/2017 Terminated)

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Contact information

Main Address

3065 Center Pointe Drive Suite 2, Roseville, MN 55113

Mailing Address

Phone number

(651) 490-2939

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (12 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

ADV APPENDIX - WRAP FEE BROCHURE (2/27/2025)

ADV PART 2A - SUMMIT INVESTMENT ADVISORS (2/27/2025)

Regulatory assets under management

Total Number of Accounts	2,251
AUM (Assets Under Management)	$ 632,510,025

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Sean P. Mcdermott

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Sean Patrick Mcdermott's CRS (Customer Relationship Summary).

Certified licenses

Experience

LPL FINANCIAL LLC

LPL FINANCIAL LLC

SECURITIES AMERICA, INC.

Primary Firm SEC Registration

SUMMIT INVESTMENT ADVISORY SERVICES

State Registrations and Notice Filings

Exams

Series 63

Date: 10/6/1989

SIE

Date: 10/1/2018

Series 7

Date: 9/16/1989

Series 51

Date: 9/23/2005

Series 24

Date: 10/20/2000

FINRA

Current Firm

SUMMIT INVESTMENT ADVISORY SERVICES

Contact information

SEC notice filing (12 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

SUMMIT INVESTMENT ADVISORY SERVICES

TRUST BUT VERIFY

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