National wealth management company invests in Sarasota financial firm

A New Jersey-based investment advisory company focused on high-net-worth clients has made a strategic investment in a Sarasota financial firm.

Summit Financial, which helps advisors provide family office services and optimize growth, has invested in LPF Advisors.

Based off Cattlemen Road in Live Oak Corporate Center, LPF Advisors oversees more than $277 million in client assets as of April 15, according to a statement. It offers wealth management services such as customized financial planning and investment advice. According to its website, LPF Advisors specializes in helping clients prepare for and transition into retirement. In addition to its corporate headquarters in Sarasota, the firm has offices in Lakeland, Tampa and St. Petersburg,