SourcingSourcing

SUMMIT ASSET MANAGEMENT LLC

C29
CRD 109606·SEC 801-56221·MEMPHIS, TN
AUM
$1.08B
$1B+
Est. Revenue
$10.8M
@ 1% on AUM
Est. EBITDA
$3.2M
@ 30% margin
Est. Deal Value
$25.9M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
SUMMIT ASSET MANAGEMENT LLC
CRD
109606
SEC file #
801-56221
EIN
621765323
DBA names
—

Economics

AUM
$1.08B
AUM band
$1B+
AUM trajectory
'20'26
$521.0M → $1.08B▲ +107%
Client mix
Individuals Other315
Individuals High Net Worth200
Pension Profit Sharing Plans12
Charitable Organizations5

Operations

Employees (total)
8
Advisory staff (per ADV)
6
Advisory staff (5-yr trend)
'20'26
6 advisors → 6 advisors▬ 0%
Primary office
MEMPHIS TN
Branches
—

Custodian & Brokerage

Primary custodian
Charles Schwablow confidence
Services offered
Financial planningPortfolio mgmt — individualsPortfolio mgmt — businessesPension consulting
Fee basis
% of AUMHourly charges

Filings

Latest ADV filing
03/16/2026
ADV-W filed at
—
Website
summitassetmanagement.com

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
HOLLINGSWORTH, LANCE, WAYNE
Top Owner Pct
37.5
Top Owner Entity Kind
I
Owner Count
4
Control Persons
HOLLINGSWORTH, LANCE, WAYNE
LAUGHLIN, JOHN, NORFLEET
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
No

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
ok
Rdap Domain
SUMMITASSETMANAGEMENT.COM
Rdap Domain Creation Date
2000-02-19T17:43:18Z
Rdap Firm Age Years
26
Rdap Firm Age Band
20+y
Rdap Registrar
Omnis Network, LLC

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No
Form 5500 Plan Count
1
Form 5500 Total Compensation
4,773
Form 5500 Compensation Trajectory 3y
20254,773
Form 5500 Plan Count Trajectory 3y
20251
Schedule C Total Compensation
4,773
Schedule C Service Provider Rows
1

SEC EDGAR

Edgar Cik
0001509974
Edgar Registered
Yes
Edgar Filing Count
66
Edgar First Filing Date
2011-02-03
Edgar Last Filing Date
2026-05-08
Edgar 13f Count
64
Edgar 13f Latest AUM Estimate
Filing Date2026-05-08
Accession0001398344-26-008718

Compliance & brand

Firm Registration Status
active

All other collected signals (17)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
0
Bc Firm Active IA Count
6
Bc Firm IAR Count
6
Custodian Candidates
Full
Charles Schwab6
E*trade4
Edgar Addresses
Mailing
5100 WHEELIS DRIVE, SUITE 107MEMPHIS, TN 38117
Business
5100 WHEELIS DRIVE, SUITE 107MEMPHIS, TN 38117
Edgar EIN
621765323
Edgar Recent Filings
13F-HR2026-05-08 · 0001398344-26-008718
13F-HR2026-02-09 · 0001398344-26-002477
Firm Has Custody
Yes
Mailing Office Differs
No
Rdap Domain Expiration Date
2031-02-19T17:43:18Z
Rdap Domain Last Changed
2025-07-24T03:35:02Z
Rdap Nameservers
Ns1.astrohosting.comNs2.astrohosting.com
Rdap Secure Dns Enabled
Yes
Rdap Status
Client Transfer Prohibited
Top Owner CRD
4373723
Trust Company Affiliate
No

People (7)

7
HOLLINGSWORTH, LANCE, WAYNE
IAR · Direct Owner · 37.5%
4373723
LAUGHLIN, JOHN, NORFLEET
IAR · Direct Owner · 37.5%
2911189
THOMPSON, SAMUEL, ALEXANDER
IAR · Executive Officer · 2.5%
725932
ADLER, PEGGY, KRIGER
Executive Officer · 2.5%
1424716
LESLIE HILL DRUMMOND
IAR
5429078
SARAH RUSSELL HAIZLIP
IAR
707644
SOLEIL KATHERINE LUM
IAR
6227870