Summit Asset Management LLC

RIASEC RegisteredEst. 1999

Total AUM

$1.1B

Discretionary

$966M

89% of AUM

Avg account

$709K

Accounts

1,522

Employees

8

Advisory reps

7

Firm details

Headquarters: Memphis, Tennessee
CRD number: 109606
Registered since: January 21, 1999
Website: www.summitassetmanagement.com
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

FINTRX

Overview

Summit Asset Management LLC is an independent, SEC-registered RIA formed in 1999 and organized as an LLC. The firm acts as a capital allocator for both individual/family and institutional clients. Its fee model combines asset-based charges with hourly fees. Core advisory services include financial planning, portfolio management for individuals and small businesses as well as for institutions, pension consulting, and the selection of third-party advisers. Summit does not identify as an active ESG investor.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

Investment profile

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

CRM & tech providers

TAMPs used

Clients

Client base

Client personas

Asset composition

Public Funds/Mutual Funds69%
Exchange Traded Equities16%
Cash & Cash Equivalents7%
Other5%
US Government Bonds1%

Owners & executives

1 of 1

Lance Hollingsworth
Principal and Chief Investment OfficerCRD 4373723

Contacts

3 of 6

Sarah Haizlip
AdvisorCRD 707644
John Laughlin
PrincipalCRD 2911189
Samuel Thompson
ChairmanCRD 725932

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Wealth teams

Newly hired reps

Recent M&A activity

Recent filings

Awards

ETF holdings

1 of 84

Active vs passive

$613M in ETFs

Passive

98%

$598M

Active

2%

$15.3M

ETF	Provider	Style	Category	Value	Shares	% of portfolio
SCHWAB US DIVIDEND EQUITY ETF (SCHD)	Schwab	Passive	Large Value	$65.6M	2,068,062	10.69%

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Primary office

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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