Summit Portfolio Management LLC (Las Vegas)

Name: Summit Portfolio Management LLC
Address: 9328 Tournament Canyon Dr., Las Vegas, NV, 89144
Telephone: 702 838 9999

Summit Portfolio Management LLC is a large advisory firm based in Las Vegas. It manages $103.69 million of regulatory assets for 97 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Nevada, and Texas.

Summit Portfolio Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Summit Portfolio Management: assets under management

The assets under management (AUM) of Summit Portfolio Management LLC is $103.69 million. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $89.75 million in discretionary accounts and $13.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.76 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $303.08 thousand.

Investments

The firm invests in non-exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is other assets, which make up 2% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Summit Portfolio Management LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Timothy Francis Bock serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Timothy Francis Bock is high net worth individuals with 46 clients and $88.31 million of assets under management. Among the 11 most similar advisory firms, Summit Portfolio Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $103.69 million for 100 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Summit Portfolio Management doesn't advise any private funds.

Careers at Summit Portfolio Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Timothy Francis Bock	President/chief compliance officer	1 Apr 1995	75% - 100%	1031820

Based in Las Vegas

The principal office where Summit Portfolio Management LLC performs its advisory services is located at 9328 Tournament Canyon Dr., Las Vegas, NV 89144, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 702 838 9999 or by fax 855 686 5800. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at summitportfolio.com/.