Summit Compliance Group

What Summit Compliance Group does

Summit Compliance Group LLC is a privately held, owner-operated compliance consulting firm headquartered in Saint Paul, Minnesota. Founded in 1994 by Maureen James, who continues to serve as Owner/Principal, the firm has provided regulatory compliance services to the insurance and financial services industry for more than 30 years. The company targets four B2B customer segments: independent Insurance Producers, Independent Marketing Organizations (IMOs), Insurance Carriers, and Registered Investment Advisers (RIAs).

The firm's core service portfolio is organized around seven practice areas: Advertising Compliance review, Compliance Training, Distribution Compliance, Operations Compliance, RIA Compliance, Cybersecurity, and Insurance Risk Assessment, supplemented by a downloadable Self-Assessment Checklist. Services are delivered as customized professional engagements — not as a software platform — through online, in-person, and one-on-one consulting and mentoring formats. Underlying expertise is domain-driven rather than technology-driven: the principal's qualifications (FLMI, AIRC, ACS designations; former Series 6, 7, 24, 26, 63, 65 registrations; advisory board roles at IAdCA and NAFA) anchor the firm's credibility in advertising compliance, DOL fiduciary rule analysis, and RIA registration support.

The business model is straightforward professional services revenue generated through customized, quote-based consulting engagements. GTM is sales-led and relationship-driven, with direct customer outreach via a single phone number (612-308-6161) and a single principal email. Marketing is light, centered on a website content library covering regulatory hot topics and downloadable resources, plus industry organization affiliations with NAILBA, IAdCA, and NAFA. No public pricing, headcount, or revenue disclosures are available.

Name

Summit Compliance Group

Legal name

Summit Compliance Group LLC

Website

https://summitcompliancegroup.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Summit Compliance Group LLC is a privately held, owner-operated compliance consulting firm in Saint Paul, Minnesota, founded in 1994. It delivers customized advertising, distribution, operations, cybersecurity, and RIA compliance services to insurance producers, IMOs, carriers, and registered investment advisers.

Ownership category

akta.pro rank

Product category

Insurance Compliance Consulting

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Regulatory Compliance Advisory (BPAHAFAB)

akta.pro secondary industry

Regulatory Compliance Management (GRC, audits, reporting) (EDABADAI)

Keywords

• Insurance compliance consulting
• Advertising compliance review
• Regulatory compliance services
• RIA compliance support
• Cybersecurity risk assessment

Headquarters

HQ city

Inver Grove Heights

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Compliance Consulting Services: Professional services revenue generated through consulting engagements including advertising compliance review, compliance training, distribution compliance, operations compliance, cybersecurity risk assessments, and RIA registration support. Services are customized and delivered through multiple formats including on-line, in-person, and one-on-one mentoring.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Summit Compliance Group provides customized regulatory compliance consulting services to insurance producers, Independent Marketing Organizations, insurance carriers, and Registered Investment Advisers. Core practice areas include advertising compliance review, compliance training, distribution compliance oversight, operational compliance testing, RIA registration and program support, cybersecurity risk assessments, and insurance risk assessments. Services are delivered through online, in-person, and one-on-one consulting and mentoring formats, supported by a downloadable Self-Assessment Checklist tool.

Product overview

Summit Compliance Group offers a portfolio of compliance consulting services organized as distinct practice areas rather than a unified software platform. The core service offerings include Advertising Compliance (review, policy development, and training), Compliance Training (delivered via multiple formats), Distribution Compliance (risk assessments and producer oversight), Operations Compliance (policy testing and process improvement), RIA Compliance (registration and ongoing support), Cybersecurity (assessments, program development, penetration testing, and incident response), and Insurance Risk Assessment (comprehensive reviews across business areas). The company also provides a downloadable Self-Assessment Checklist as a supplementary tool. These services are customized for distinct client segments including Insurance Producers, Independent Marketing Organizations (IMOs), Insurance Carriers, and Registered Investment Advisers.

Differentiator

Problem solved

Functional benefit

Products and services

• Advertising Compliance

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• NAILBAminorOthersNAILBA (National Association of Independent Life Brokerage Agencies) is described as the voice of independent brokerage distribution promoting retirement security and consumer choice in the insurance and financial services marketplace. Summit Compliance Group features NAILBA on their resources page as an industry organization affiliation.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• RIA in a Box: Compliance services and software for RIAs including registration support and ongoing compliance programs. Emerging player with partial overlap to Summit's RIA Compliance practice but delivered through a more productized model.
• ComplySci: Software-driven compliance management platform for RIAs, broker-dealers, and investment advisers. Emerging technology-enabled player that competes with consulting models like Summit's on efficiency and scalability.

Direct peers

• National Regulatory Services (NRS): Provides compliance consulting, education, and technology solutions to broker-dealers, RIAs, and insurance professionals. Directly comparable as a regulatory compliance firm serving the same financial services and insurance client base.
• ACA Group: One of the largest independent providers of governance, risk, and compliance services for the investment management, insurance, and wealth management industries. Directly comparable as a regulatory compliance consulting firm serving overlapping client segments with similar services (advertising review, compliance training, RIA support).
• Outsource Services Group (OSG): Provides compliance and operational outsourcing solutions to the insurance industry, including distribution compliance and producer oversight. Directly competes in the insurance distribution compliance space.
• Core Compliance & Legal Services: Specializes in regulatory compliance consulting for RIAs and investment advisers. Closely aligned with Summit's RIA Compliance practice in service offering and target customer.
• Strategic Compliance Services: Provides advertising review and compliance consulting to insurance and financial services firms. Directly comparable to Summit's advertising compliance review and training services.

Broad incumbents

• Thomson Reuters: Provides regulatory intelligence, compliance software, and risk solutions to financial services globally. Broader incumbent with overlapping capabilities but at significantly greater scale.
• Deloitte: Big 4 consulting firm with a dedicated Regulatory & Compliance practice serving financial services and insurance. Overlaps with Summit's advisory services but at much larger scale and broader portfolio.
• Wolters Kluwer: Major global provider of compliance, regulatory, and legal information solutions for financial services. Operates broadly across the same industry with overlapping capabilities but as part of a much larger portfolio.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/summit-compliance-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Summit Compliance Group