Fee-only adviser · Memphis, TN
Summit Asset Management LLC
Summit Asset Management LLC is a fee-only investment adviser registered with the U.S. Securities and Exchange Commission, with its main office in Memphis, Tennessee. On its latest Form ADV, filed October 6, 2026, it reports $1.1B in regulatory assets under management, 515 individual clients and 6 employees who give investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | SEC-registered |
|---|---|
| Firm CRD number | 109606 · SEC file 801-56221 |
| Office | 5100 Wheelis Drive Suite 107 Memphis, TN 38117 |
| Phone | (901) 729-8100 |
| Website | www.summitassetmanagement.com |
| Regulatory assets under management | $1.1B ($966M discretionary) |
| Individual clients | 315 non-high-net-worth, 200 high-net-worth |
| Financial planning clients | 0 |
| How it charges | Percentage of assets, Hourly |
| Services | Financial planning, Portfolio management, Pension consulting, Selection of other advisers |
| Employees | 8 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | October 6, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It offers hourly or fixed-fee arrangements, so you may be able to pay for a plan without handing over your investments.
- It also charges a percentage of assets managed for ongoing investment management.
- Most of its individual clients are not high-net-worth, so it is likely to work with people who are still building assets.
- It provides financial planning services, not only portfolio management.
- It reports no disciplinary history on Form ADV.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
Other fee-only advisers in Memphis
- Duncan Williams Asset Management, LLC $2.7B
- Legacy Wealth Management, LLC $2.7B
- Red Door Wealth Management, LLC $3.1B
- Steel Grove Capital Advisors, LLC $1.6B
- Kelman Lazarov Inc $895M
- Kimery Wealth Management, LLC $555M
See all 40 fee-only advisers in Memphis →
Nearby
- Germantown 8 firms
- Cordova 1 firm
- Collierville 1 firm
- Lakeland 1 firm
Comparing several firms? Tell us what you need and we will suggest fee-only advisers that fit. Work at Summit Asset Management LLC? Update this listing.