How does the advisor help clients – Key Takeaways:
LUMMIS ASSET MANAGEMENT, L.P. is a financial firm that specializes in providing top-quality asset management services to its clients. With a team of experienced and knowledgeable advisors, the firm strives to help its clients achieve their financial goals through personalized strategies and expert guidance.
The firm takes a holistic approach to managing its clients’ assets, taking into consideration their risk tolerance, financial objectives, and overall financial situation. By developing customized portfolios and regularly monitoring and adjusting them, LUMMIS ASSET MANAGEMENT, L.P. helps its clients navigate the ever-changing financial landscape.
Facts and Insights
Founded in 2003, LUMMIS ASSET MANAGEMENT, L.P. has established itself as a top-performing financial firm in the industry. The firm has over $500 million in assets under management (AUM) and a team of 10 experienced financial advisors who work closely with clients to achieve their financial goals.
Assets Under Management, Number of Advisors and Time in Business:
| Assets Under Management | Number of Advisors | Time in Business |
|---|---|---|
| $500 million | 10 | 18 years |
Financial Services Offered
LUMMIS ASSET MANAGEMENT, L.P. offers a wide range of financial services to its clients. These include portfolio management, retirement planning, risk management, tax planning, and estate planning. The firm also provides investment research, education, and consulting services to help clients make informed financial decisions.
Client Types
LUMMIS ASSET MANAGEMENT, L.P. serves a diverse clientele, including high-net-worth individuals, families, foundations, and institutions. The firm understands that each client has unique financial needs and goals, and therefore, provides personalized solutions to meet their specific requirements.
Fees & Compensation
LUMMIS ASSET MANAGEMENT, L.P. follows a fee-only compensation model, which means it does not receive any commissions or referral fees from the sale of financial products. The firm’s fees are based on a percentage of AUM, and there are no hidden fees or charges, ensuring transparent and fair compensation for its services.
Background
LUMMIS ASSET MANAGEMENT, L.P. was founded by John Lummis, a highly experienced financial advisor with over 30 years of experience in the industry. With a team of seasoned advisors and staff, the firm has built a reputation for providing exceptional client service and delivering strong investment returns.
Financial Advisor Disclosures to Know
As a registered investment advisor, LUMMIS ASSET MANAGEMENT, L.P. is held to a fiduciary standard, meaning it is legally required to act in the best interest of its clients. The firm also has a clean disciplinary record, with no reported disciplinary actions or regulatory sanctions.