SUMMIT ASSET MANAGEMENT LLC
Firm details
- Headquarters
- MEMPHIS, Tennessee
- CRD number
- 109606
- Registered since
- January 21, 1999
- Custodians
- CHARLES SCHWAB & CO., INC.
- Fee structure
- Percentage of AUM, Hourly Charges
- Client types
- HNWI81.24%
- Individuals10.05%
- Charitable Organizations7.05%
- Pension & Profit Sharing Plans1.6%
- Corporations / Businesses0.06%
- Services
- Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers
Firm profile
FINTRXOverview
Summit Asset Management LLC is an independent, owner-operated registered investment adviser formed in 1999 that serves both individual/family and institutional clients. The firm acts as a capital allocator and provides a mix of financial planning and discretionary portfolio management for individuals, small businesses, and institutions. Its service menu includes pension consulting and the selection of third‑party advisers. Compensation is primarily percentage-based on assets under management, supplemented by hourly billing for certain engagements. Summit does not characterize itself as an active ESG investor.
Assets & Accounts
Public Holdings
Investments & Alternatives
Location & Offices
Investment profile
FINTRXTraditional investments used
Alternative investments used
Active ESG investor
Technology & operations
FINTRXCRM & tech providers
TAMPs used
Clients
FINTRXClient base
Client personas
Asset composition
- Public Funds/Mutual Funds69%
- Exchange Traded Equities16%
- Cash & Cash Equivalents7%
- Other5%
- US Government Bonds1%
Owners & executives
1 of 1LANCE HOLLINGSWORTH
Principal and Chief Investment OfficerCRD 4373723
Contacts
3 of 6SARAH HAIZLIP
AdvisorCRD 707644
JOHN LAUGHLIN
PrincipalCRD 2911189
SAMUEL THOMPSON
ChairmanCRD 725932
Wealth teams
FINTRXNewly hired reps
FINTRXRecent M&A activity
FINTRXRecent filings
FINTRXAwards
FINTRXETF holdings
1 of 80Active vs passive
$563M in ETFs
97%
$548M
2%
$15.2M
| ETF | Provider | Style | Category | Value | Shares | % of portfolio |
|---|---|---|---|---|---|---|
| SCHWAB US DIVIDEND EQUITY ETF (SCHD) | Schwab | Passive | Large Value | $63.2M | 2,060,404 | 11.23% |
Location
MEMPHIS, TN
SHELBY
Location
MEMPHIS, TN
Headquartered in MEMPHIS, TN, anchoring the Memphis-Forrest City, TN-MS-AR metro in the South.
- Metro area
- Memphis-Forrest City, TN-MS-AR
- Region
- South
- County
- SHELBY
- Address
- 5100 Wheelis Dr
- Time zone
- CT (UTC-6)
- Office locations
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