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SUMMIT ASSET MANAGEMENT LLC
CRD 109606File 801-56221
APPROVED
Retail clients
Custody
Filing as of Mar 16, 2026
Feed vintage Oct 1, 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 | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Clients | 523 | 532 | increased by9 |
| Apr 1, 2026 | AUM | $938,920,408 | $1,079,755,571 | increased by$140,835,163 |
| Apr 1, 2026 | Accounts | 1,477 | 1,522 | increased by45 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 9 | 8 | decreased by1 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 509 | 523 | increased by14 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $786,469,609 | $938,920,408 | increased by$152,450,799 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 1,493 | 1,477 | decreased by16 |
| Apr 1, 2022 | Clients | 478 | 509 | increased by31 |
| Apr 1, 2022 | AUM | $674,136,604 | $786,469,609 | increased by$112,333,005 |
| Apr 1, 2022 | Accounts | 1,397 | 1,493 | increased by96 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “SUMMIT ASSET” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“SUMMIT ASSET” may also match similarly-named firms). Confirm identity against each filing.
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.