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SUMMIT ASSET MANAGEMENT LLC
CRD 109606File 801-56221
APPROVED
Retail clients
Custody
Filing as of Mar 16, 2026
Feed vintage Aug 17, 2026
Regulatory AUM
$1.08B
Above cohort median (national)
Discretionary AUM
$966.1M
Non-discretionary $113.6M
Clients
532
1,522 accounts
Employees
8
Above cohort median in TN
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- ARO
- Registration date
- Jan 21, 1999
- Principal office
- 5100 WHEELIS DRIVE, SUITE 107, MEMPHIS, TN, 38117
- Phone
- 901-729-8100
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.08B
- Discretionary AUM
- $966.1M
- Non-discretionary AUM
- $113.6M
- Discretionary accounts
- 1,427
- Non-discretionary accounts
- 95
- Total accounts
- 1,522
- AUM per client
- $2.0M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | Fewer than 5 | $675K |
| Charitable organizations | 5 | $76.1M |
| High net worth individuals | 200 | $877.2M |
| Pension and profit sharing plans | 12 | $17.3M |
| Individuals (other than high net worth individuals) | 315 | $108.5M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Hourly charges
- A percentage of assets under your management
Advisory activities
- Other advisory activities
- Financial planning services
- Selection of other advisers
- Portfolio management for other
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To |
|---|---|---|---|
| Aug 12, 2026 | Registration | — | APPROVED |
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.