News


Third Quarter Commentary
Normally our letters inform you of what happened in the investment world during the most recent quarter.  However, during the last few days of September and so far in October, shock waves have been sent through the financial markets.  In the span of a month, we have had major U.S. financial institution bankruptcies, bail-outs, mergers, take-overs, take-unders, and even a “conservatorship”.  All of these events occurred in a backdrop of one of the most important Presidential elections in a generation.
(Click the headline to read our quarterly comments.) 

Looking Beyond the Headlines
Just like you, we have been inundated with media reports that the United States is headed into the next “Great Depression.”  While these are truly tumultuous times of a serious and significant nature, we believe there are signs that give us a more hopeful perspective on recent events than the headlines might indicate.  Please click the headline for additional charts and commentary on why we believe it is prudent to remain invested in this market.

Summit has moved to Clark Centre at 5100 Wheelis Drive

During the past several years, Summit has hired additional staff to accommodate our growing client base.  We have been literally “stuffed” in our current offices.  Summit will relocate to 5100 Wheelis Drive, Clark Centre, Suite 107.  Clark Centre is situated between Sanderlin Center and Clark Tower.  Look for the fountain in front of the building.  Our new offices are just minutes from the old and more centrally located.  Clients will also continue to experience the “park in front” convenience with our ground floor office, just inside the door.  

Click the picture above to launch an interactive map to our new location.

Summit Asset Management LLC
4729 Spottswood Avenue
Memphis, Tennessee 38117
Phone: 901.683.6669     Fax: 901.683.6661

Summit Asset Management LLC is a Registered Investment Adviser regulated by the United States Securities & Exchange Commission as well as some state regulators.   Although our website is available to anyone, we may not be able to serve all viewers of our site.  Contact Stephen Rhea at srhea@summitassetmanagement.com to discuss the services we can provide you.

Summit Asset Management LLC is independently owned and operated.  Employees of Summit are not employees or agents of Charles Schwab & Co., Inc. (Schwab).  Schwab neither endorses nor recommends any particular investment strategy or information appearing on this website.  Nothing contained on this web site should be considered a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.

Copyright  2006 Summit Asset Management LLC