At Summit Group Wealth Advisors, we offer a wide range of wealth management services focused on individuals who are in or nearing retirement age. The top concern we hear from many new clients is “Will I run out of money?” Our retirement income strategies can help you feel confident that your money will last as long as you need it.
Summit Group Wealth Advisors’ founder, Jerry Toombs, can help serve your investment and wealth management needs through strategies including annuities, investments, IRA/401(k) rollovers, and other wealth management needs.
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Our Growth Solutions
Our team will help create a unified strategy where every moving part of your financial life works together. Our comprehensive wealth management services look at the entire picture, coordinating your investments, lifetime tax mitigation, retirement income mapping, and estate planning. Rather than treating these critical areas as isolated decisions, we build a cohesive blueprint designed to help protect your lifestyle, minimize your total tax burden, and ensure your assets are structurally optimized to support you today and secure your family’s future tomorrow.
As you transition into retirement, the primary goal of your investment portfolio changes from aggressive wealth accumulation to strategic wealth preservation and reliable income generation. Blindly chasing market returns without a defined risk-mitigation strategy can leave your nest egg highly vulnerable to sudden economic downturns right when you need it most. We construct customized, institutional-grade portfolios that balance your need for growth with an appropriate level of downside protection, aligning your asset allocation directly with your personal timeline, tax liabilities, and long-term retirement objectives.
One of the greatest fears in retirement is outliving your money, especially when relying solely on a volatile stock market or fixed Social Security benefits. Our annuity services are designed to replace that uncertainty with a predictable, guaranteed income stream that acts like a personal pension. By evaluating fixed, fixed-indexed, and immediate options, we help you isolate a portion of your portfolio to cover your essential living expenses, providing a reliable financial baseline that ensures you can comfortably maintain your lifestyle—no matter how long your retirement lasts or how the market behaves.
Leaving a trail of forgotten retirement accounts at former employers often means your money is sitting in poorly optimized, high-fee funds with limited investment options. Consolidating those scattered 401(k), 403(b), or old IRA accounts into a single, structured Individual Retirement Account (IRA) simplifies your financial life and gives you complete control over your nest egg. We execute seamless, direct trustee-to-trustee transfers to completely avoid unnecessary tax penalties, unlocking a broader universe of investment choices and making it significantly easier to manage required distributions, rebalance your portfolio, and track your overall retirement progress.
Your Financial Planners
Meet the Advisor
Jerry Toombs
Founder
Jerry M. Toombs is the founder and president of Summit Group Wealth Advisors. He has been in the insurance and financial service business since 1978. His focus has been in the areas of estate planning, insurance and risk management, and retirement and investment planning. Jerry has used a team-based approach to comprehensive financial planning in building his practice, working very closely with the client, the CPA, and the attorney.
Jerry served as president of the Cache Valley Association of NAIFA and served on the Utah State Board of NAIFA for three years. He has been a member of the Planned Giving Advisors Council for Utah State University and served as chairman of the Planned Giving Committee on the Cache Education Foundation. Jerry also serves on the board of the Boy Scouts of America, Crossroads of the West Council. Jerry and his wife Betsy have seven children, 16 grandchildren, and two great-grandchildren. He is an accomplished pianist and enjoys spending time with his family camping, traveling, hunting, and riding horses and ATVs in the mountains.