Summit Asset Management, LLC
Summit Asset Management, LLC is a registered investment adviser headquartered in Memphis, Tennessee, USA. Established in 2011, the firm manages approximately $939 million in assets (as of July 2025) and serves a client base primarily consisting of high net worth individuals and other individual investors, along with some charitable organizations and pension plans. Summit Asset Management employs 8 professionals, with the majority focusing on investment management, and is regulated by the SEC and state authorities.
Investment Strategy
Summit Asset Management LLC provides discretionary portfolio management services tailored to individual and institutional clients. The firm's investment philosophy centers on long-term growth and capital preservation. Summit invests in a diversified selection of equities, including top holdings in leading technology and consumer companies like Nvidia, Microsoft, Apple, and Amazon. Schwab serves as the primary custodian, with strict controls over client account access and ongoing oversight to maintain fiduciary standards and confidentiality. The firm seeks to build client portfolios based on suitability and specific objectives, aiming for prudent risk management and consistent performance.
Top Holdings
Equity Positions (169)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SCHD | SCHWAB STRATEGIC TR | 8.52% | $52.3M | 1,973,901 | $15.06 | $26.50 | -$2.5M |
S SCHG | SCHWAB STRATEGIC TR | 6.54% | $40.2M | 1,374,580 | $6.26 | $29.21 | +$5.8M |
M MOAT | VANECK ETF TRUST | 5.73% | $35.2M | 375,034 | $70.66 | $93.79 | +$2.4M |
S SCHM | SCHWAB STRATEGIC TR | 5.69% | $34.9M | 1,244,807 | $17.62 | $28.05 | +$2.4M |
S SCHF | SCHWAB STRATEGIC TR | 5.66% | $34.7M | 1,572,175 | $16.68 | $22.10 | +$4.1M |