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Investment Brokerage Regional

Summit Financial Services Group, Inc. (SFNS) is a diversified financial services company based in the United States. The company operates through several segments, including Retail Brokerage, Corporate and Institutional Services, and Asset Management.

In terms of earnings, Summit Financial Services Group reported net income of $1.3 million for the full year 2020, compared to $1.7 million in 2019. The company's earnings per share (EPS) for 2020 was $0.28, down from $0.38 in the previous year.

In terms of growth, Summit Financial Services Group has been focused on expanding its retail brokerage and asset management businesses. The company has been investing in technology and personnel to improve its capabilities in these areas, and has seen some success in attracting new clients and assets. However, the COVID-19 pandemic has presented challenges for the company, as it has for many businesses in the financial services industry.

One area of growth for the company has been in its managed futures business, which has seen increasing interest from clients looking for alternative investment strategies. Summit Financial Services Group has been expanding its capabilities in this area, and has launched several new managed futures funds in recent years.

Overall, while Summit Financial Services Group has faced some headwinds in recent years, the company remains committed to its growth strategy and is well-positioned to take advantage of opportunities in the financial services industry. Investors interested in the company should keep an eye on its earnings and growth prospects, as well as any developments in its key business segments.