DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Summit Asset Management LLC
Latest filing Mar 16, 2026
First filing on the tape Mar 21, 2012 · 36 filings
SEC status approved since Jan 21, 1999
RAUM
$1.1B
reported, Item 5.F
Discretionary
89%
of RAUM
Private clients
91%
$986M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$180M
derived; firm RAUM over IAPD count
Employees
8
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$1.1B as of Mar 16, 2026
Mar 21, 2012$419M then
HNW client RAUM$877M as of Mar 16, 2026
Mar 16, 2018$402M then
State-registered IARs (5.B.3)6 as of Mar 16, 2026
Mar 19, 20136 then
Employees (5.A)8 as of Mar 16, 2026
Mar 19, 20137 then
Private funds: no history
RAUM +15% over the last fiscal year+17% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Mar 16, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $180MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 86derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.4MderivedHNW RAUM over HNW clients
- Average account
- $709,432derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 89%derivedof RAUM
- Institutional
- 8.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.8%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, otherreportedItem 5.G
- Custody
- $253M, 124 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$877M81%
- Individuals$108M10%
- Charitable organizations$76.1M7.1%
- Pension and profit-sharing plans$17.3M1.6%
- Corporations and businesses$674,7160.1%
- Individual clients
- 315reported
- HNW clients
- 200reported
- Pension plan clients
- 12reported
- Charitable clients
- 5reported
- Accounts
- 1,522reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $253M for 124 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.91 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Lance Wayne HollingsworthCertified Financial Planner | Memphis, Tn | Apr 1, 2004 | 22 y | 0 |
| Samuel Alexander ThompsonChartered Financial Consultant | Memphis, Tn | Apr 1, 2004 | 35 y | 0 |
| John Norfleet LaughlinCertified Financial Planner | Memphis, Tn | Apr 1, 2004 | 28 y | 0 |
| Leslie Hill DrummondCertified Financial Planner | Memphis, Tn | Jan 30, 2013 | 18 y | 1 |
| Soleil Katherine LumCertified Financial Planner | Memphis, Tn | Sep 17, 2018 | 12 y | 0 |
| Sarah Russell Haizlip | Memphis, Tn | Jan 1, 2025 | 46 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Joseph Amery Staub to Park Avenue Securities LLCSep 1, 2016 · Other
Joined, latest
- Sarah Russell Haizlip from Legacy Wealth Management, LLCJan 1, 2025 · Other
- Leslie Hill Drummond from Morgan Keegan & Company, LLCJan 30, 2013 · Other
- Joseph Amery Staub from Legacy Wealth Management, LLCApr 25, 2005 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Wayne Lance Hollingsworth · Chief Investment Officer, Treasurercontrolsince 02/2021 · owns 25% to 50%
- Norfleet John Laughlin · Chief Executive Officer, President And Chief Compliance Officercontrolsince 02/2021 · owns 25% to 50%
- Kriger Peggy Adler · Senior Vice Presidentsince 02/2021 · owns 10% to 25%
- Alexander Samuel Thompson · Chairmansince 06/2012 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Memphis, Tn · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 1,477 to 1,522Oct 14, 2025 to Mar 16, 2026
- HNW clients · 180 to 200Oct 14, 2025 to Mar 16, 2026
- Individual clients · 326 to 315Oct 14, 2025 to Mar 16, 2026
- Assets in custody · $231M to $253MOct 14, 2025 to Mar 16, 2026
- Discretionary RAUM · $838M to $966MOct 14, 2025 to Mar 16, 2026
- HNW RAUM · $740M to $877MOct 14, 2025 to Mar 16, 2026
- Individual RAUM · $120M to $108MOct 14, 2025 to Mar 16, 2026
- Non-discretionary RAUM · $101M to $114MOct 14, 2025 to Mar 16, 2026
- Pension RAUM · $15.0M to $17.3MOct 14, 2025 to Mar 16, 2026
- RAUM · $939M to $1.1BOct 14, 2025 to Mar 16, 2026
- Financial planning clients · 0 to 0Jul 24, 2025 to Oct 14, 2025
- Accounts · 1,470 to 1,477Sep 3, 2024 to Mar 6, 2025
- Charity clients · 6 to 5Sep 3, 2024 to Mar 6, 2025
- HNW clients · 181 to 180Sep 3, 2024 to Mar 6, 2025
- Individual clients · 313 to 326Sep 3, 2024 to Mar 6, 2025
- Pension plan clients · 13 to 12Sep 3, 2024 to Mar 6, 2025
- Assets in custody · $175M to $231MSep 3, 2024 to Mar 6, 2025
- Discretionary RAUM · $746M to $838MSep 3, 2024 to Mar 6, 2025
- HNW RAUM · $672M to $740MSep 3, 2024 to Mar 6, 2025
- Individual RAUM · $106M to $120MSep 3, 2024 to Mar 6, 2025
- Non-discretionary RAUM · $105M to $101MSep 3, 2024 to Mar 6, 2025
- Pension RAUM · $14.5M to $15.0MSep 3, 2024 to Mar 6, 2025
- RAUM · $851M to $939MSep 3, 2024 to Mar 6, 2025
- Assets in custody · $175M to $175MFeb 8, 2024 to Feb 13, 2024
- Accounts · 1,472 to 1,470May 15, 2023 to Feb 8, 2024
- HNW clients · 141 to 181May 15, 2023 to Feb 8, 2024
- Individual clients · 354 to 313May 15, 2023 to Feb 8, 2024
- Assets in custody · $145M to $175MMay 15, 2023 to Feb 8, 2024
- Employees · 9 to 8May 15, 2023 to Feb 8, 2024
- Discretionary RAUM · $609M to $746MMay 15, 2023 to Feb 8, 2024
- HNW RAUM · $498M to $672MMay 15, 2023 to Feb 8, 2024
- Individual RAUM · $131M to $106MMay 15, 2023 to Feb 8, 2024
- Non-discretionary RAUM · $73.5M to $105MMay 15, 2023 to Feb 8, 2024
- Pension RAUM · $12.4M to $14.5MMay 15, 2023 to Feb 8, 2024
- RAUM · $682M to $851MMay 15, 2023 to Feb 8, 2024
- Accounts · 1,493 to 1,472Nov 3, 2022 to Feb 23, 2023
- HNW clients · 160 to 141Nov 3, 2022 to Feb 23, 2023
- Individual clients · 330 to 354Nov 3, 2022 to Feb 23, 2023
- Assets in custody · $155M to $145MNov 3, 2022 to Feb 23, 2023
- Discretionary RAUM · $703M to $609MNov 3, 2022 to Feb 23, 2023
Signals
No event on the tape.
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 901-729-8100reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 901-729-8101reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/SUMMIT-ASSET-MANAGEMENT-LLCreportedpublic record, Form ADV, Sep 17, 2026
- Website
- SUMMITASSETMANAGEMENT.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 901-729-8100reportedpublic record, Form ADV, Mar 16, 2026
- Team page
- summitassetmanagement.com/our-team/index.htmlreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $180Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026