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Summit Asset Management LLC

Summit Asset Management LLC. CRD 109606

Summit Asset Management LLC logo

CRD: 109606

Summit Asset Management LLC

$1.1B Total AUM
$966.1M Disc. AUM
10.0% 3Y CAGR
8 Employees
532 ADV. Clients
27 yrs Firm Age

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Firm Details

Custodian
Charles Schwab & Company ยท Wells Fargo
Clients
Retail and Institutional
Platforms
--
Established Date
01-21-1999
Office Locations
2

Office Locations

5100 Wheelis Dr. Suite 107 Memphis TN
-- Pensacola Beach FL

About Summit Asset Management LLC

Summit Asset Management is a Memphis-based RIA providing investment management and comprehensive financial planning for individuals and families navigating retirement, estate and trust planning, charitable giving, and business transitions. The team builds diversified portfolios with asset allocation as the cornerstone of each plan, using a mix of public funds and ETFs. Custodied at Charles Schwab and supported by Envestnet/Tamarac.

Team overview

42 AVG AGE
$180.0M AVG AUM / ADVISOR
$2.0M AVG AUM / CLIENT
17.6 yrs AVG TENURE
8 Employees
6 Advisory Reps
6 RIA Reps
27yrs Firm Age

Insights

Available
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Asset Classes

Available

Investment Themes

Available

Investment Vehicles

Available

Platform

Available

Services

Available

Owner & Executives

LANCE WAYNE HOLLINGSWORTH

LANCE WAYNE HOLLINGSWORTH

Advisor, Chief Investment Officer, TREASURER

CRD
#4373723
Ownership
25% but less than 50%
Available
Available
Available
JOHN NORFLEET LAUGHLIN

JOHN NORFLEET LAUGHLIN

Chief Compliance Officer, Chief Executive Officer, Financial Advisor, General Partner, President

CRD
#2911189
Ownership
25% but less than 50%
Available
Available
Available

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Contacts

L

LESLIE HILL DRUMMOND

Financial Advisor

CRD
#5429078
Available
Available
Available
S

SARAH RUSSELL HAIZLIP

Financial Advisor, General Partner

CRD
#707644
Available
Available
Available

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Assets Under Management

Total AUM
Discretionary
Non-Discretionary
11-03-2022
05-15-2023
09-03-2024
10-14-2025
03-16-2026
Category Assets AVG. Account size
Discretionary $966,146,761 $677,047
Non-Discretionary $113,608,810 $1,195,882
Total $1,079,755,571 $709,432

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Separately Managed Accounts

Total SMA Asset: Available

Locked Total SMA
Public Funds:
Available
Equity - Exchange:
Available
Cash:
Available
Other:
Available
Corporate - Investment Grade:
Available
Municipal Bonds:
Available
U.S. Government/Agency:
Available
Asset class Assets Assets %
Public Funds Available Available
Equity - Exchange Available Available
Cash Available Available
Other Available Available
Corporate - Investment Grade Available Available
Municipal Bonds Available Available
U.S. Government/Agency Available Available
Total Available Available

13F Holdings | Q1 2026

Issuer Class CUSIP Ticker % Value
Available Available Available Available Available Available
Available Available Available Available Available Available
Available Available Available Available Available Available
Available Available Available Available Available Available
Available Available Available Available Available Available

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