Summit Financial Wealth Advisors

Summit Financial Wealth Advisors is a financial planner in Ruston, LA. The firm provides personalized wealth management and investment services, guiding clients through every stage of life with tailored strategies. As a Registered Investment Advisor, the firm focuses on high-net-worth individuals, offering comprehensive retirement planning, tax-efficient strategies, and estate and legacy planning. The firm is named to Forbes America’s Top RIA Firms for 2025.

Summit Financial Wealth Advisors began in 2003 with the promise to always put the client first. Founders Fred Werner and David Daniel established the firm within Legg Mason Wood Walker, and it became a Registered Investment Advisory firm in 2006. In 2013, partners Todd Lambert and Mike Pharr joined the team. In 2015, the firm expanded through the acquisition of FPL Asset Management in Monroe, bringing in C. Louis Ray and his expertise in ERISA retirement plans and value investing. Today, the firm is one of Louisiana’s largest independent wealth management firms. The investment process involves an Investment Committee that analyzes global economic trends to set asset allocations. The firm selects stocks, mutual funds, ETFs, and bonds as a value investor, continually monitoring and adjusting portfolios to align with client risk tolerance and long-term goals.

The Ruston office is located at 2102 Floyd Park Drive, Ste 5. Hours of operation are Monday through Thursday from 8:00 AM to 4:30 PM and Friday from 8:00 AM to 3:30 PM. The phone number for the Ruston office is 318-255-0035.

The firm operates as a fiduciary, legally bound to put the client's best interests first. Recommendations align with client goals and future needs. The firm does not answer to big institutions but serves the client directly. The team includes David Daniel, Managing Partner, who holds Series 7, 63, 65, and 9/10 registrations and serves as Senior Portfolio Manager. Todd Lambert, Partner, has been an investment advisor since 1993 and holds Series 7, 9, 10, and 63 registrations. Michael Pharr, CFP, is also a Partner. The firm serves offices in Lafayette, Monroe, Ruston, Metairie, and Gulfport, Mississippi.

Summit Financial Wealth Advisors stands as a recognized leader in independent wealth management in the Gulf South, providing trust-centered counsel and comprehensive planning for individuals and families in Ruston, LA.