Summit Brokerage Services Announces Winners of the Business Plan Challenge

Summit Brokerage Services Announces Winners of the Business Plan ChallengeSummit Brokerage Services, the #1 independent broker dealer in the country*, is pleased to announce that 8 Summit advisors have been selected as winners of Cetera Financial Group’s  Business Plan Challenge. The awarded funds to Summit’s advisors total over $600,000 and will allow the winning advisors to implement their vision and proposed initiatives to grow their businesses. The Business Plan Challenge was a broker-dealer network initiative supported by RCS Capital, Cetera Financial Group’s parent company.


Business Plan Challenge winners were chosen from almost 400 applicants across 9 broker-dealers. The winners submitted a wide range of growth proposals, which were not restricted by size of request or type of activity. The grants, in the form of forgivable loans, will enable winning advisors to pursue their vision for generating additional growth within their practice. Each winning plan has achievement milestones specific to its individual business proposal.


Marshall Leeds, President and CEO of Summit Brokerage said, “We are truly excited for all of Summit’s winners in the Business Plan Challenge. Our advisors were able to take advantage of an opportunity provided by our parent company to invest back into their businesses.”


In a related development, Summit expects the success of this year’s network-wide Business Plan Challenge to provide the foundation to extend the concept of an ongoing Growth Program to its advisors. The program will allow advisors to receive capital to implement their business plans and grow their businesses.

About Summit Brokerage Services, Inc.

Summit Brokerage Services is a member of Cetera Financial Group, RCS Capital Corporation’s (NYSE: RCAP) retail investment advice platform. Summit Brokerage provides a broad range of securities brokerage and investment services to primarily individual investors. Summit Brokerage also sells insurance products, predominantly fixed and variable annuities and life insurance through its subsidiary, SBS Insurance Agency of Florida. Summit Brokerage also provides asset management services through its investment advisor, Summit Financial Group, Inc.

Media Contact

Contact Person: Mindy Clapp
Company Name:  Summit Brokerage Services, Inc.
Telephone Number: 561.338.2770
Fax Number: 561.338.2820
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