Summit Portfolio Management LLC
Assets Under Management
$169.7M
Number of Clients
108
Number of Advisors
4
Average Client AUM
$1.6M
AUM per Advisor
$42.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Summit Portfolio Management (SPM) provides asset management based on individual client needs, creating portfolios based on objectives, time horizons, risk tolerance, and liquidity needs. They utilize an evidence-based approach to investing (EBI). SPM also offers financial planning services, including a comprehensive evaluation of a client’s current and future financial state.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $250K | 1.60% |
| $250K - $500K | 1.20% |
| $500K - $1.0M | 0.90% |
| $1.0M - $5.0M | 0.85% |
| $5.0M - $10.0M | 0.75% |
| $10.0M - $25.0M | 0.55% |
| $25.0M - $50.0M | 0.35% |
| $50M+ | 0.25% |
Minimum quarterly fee of $1,750. Account size may be negotiable.
Fee Estimator
Portfolio management fees are based on a percentage of assets under management, ranging from 0.25% to 1.60% annually, billed quarterly. A minimum of $500,000 in assets is required, with a minimum quarterly fee of $1,750. Financial planning fees typically range from $2,500 to $5,000 for a comprehensive plan. Hourly consulting is also available: Principals $500/hour, non-principal advisors $200/hour, and administrative staff at $75/hour. Fees may be negotiable.
Areas of Practice
Location
10091 Park Run Drive, #110, Las Vegas, NV, 89145