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Markets in Turmoil
While the quarter started out fairly quietly, events throughout
the quarter contributed to significant declines in the global
equity markets and dragged the major indexes into negative
territory for the year to date.
These events also led us to make a dramatic shift in
Summit’s market expectations.
Depending on individual client situations, we raised cash
and reduced equities in many portfolios.
This letter is longer than most, but we want to take time
to explain.
(Click the headline to read our quarterly
comments.) |
Summit has moved to Clark Centre at 5100
Wheelis Drive
Summit is located at 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.
Clients enjoy the “park in front”
convenience with our ground floor office, just inside the door. |
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Click the picture above to launch
an interactive map to our new location. |
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Summit Asset Management LLC
5100 Wheelis Drive - Suite 107
Memphis, Tennessee 38117
Phone: 901.729.8100 Fax: 901.729.8101 |
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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. |
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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. |
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Copyright
2009 Summit Asset Management LLC |
