Print this page.

History 
Summit Asset Management LLC is a registered investment advisor, founded and registered with the SEC in 1991. We are independently owned and operated by lifelong Memphians.

Clients
Individuals, families, trusts, retirement plans for corporations and medical groups, and charitable endowments with accounts ranging from $100 thousand to $20 million.

Ownership
100% owned by principals: Stephen H. Rhea, Alex Thompson, Lance W. Hollingsworth, and John N. Laughlin.

Primary Services
Investment management tailored to specific client goals and situations including risk assessment, asset allocation, and portfolio implementation and monitoring.

·        We select top-performing managers specializing in each class of investments.

·        We use mutual funds, ETFs, bonds, stocks, and other types of investments.

·        We guide client transitions while working to minimize cost and capital gains.

Additional Value-Added Services 
Broad experience guiding clients through multi-faceted and complex financial situations, including:

·        Tax-efficient transfer and protection of wealth for future generations.

·        Tax planning, insurance evaluations, and charitable gift planning.

·        Business acquisition or dissolution analysis.

Investment Process
We seek to provide a consistent investment selection process that we believe increases the probability for asset growth while providing a margin of safety. Our philosophy is not to buy, hold, and forget. 

Compensation
·        Summit sells no products and is not compensated by sales commissions or loads.

·        Summit charges clients a fee based on the amount of assets under our management.

·        Fee-only compensation helps eliminate conflicts of interest often in product sales organizations.

·        As registered investment advisors, our incentives are aligned with our clients’ interests.

Assets Under Management
Approximately $350 million