Michael Wimberley is a registered investment advisor at Lummis Asset Management, L.P., based in Fort Worth, TX, with 20 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, High Net Worth, Investment Management, and 2 more. Their firm serves 43 clients with $210M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.0M | 1.00% |
| $2.0M - $4.0M | 0.88% |
| $4.0M - $6.0M | 0.75% |
| $6M+ | 0.50% |
Schedule applies to the portion of the portfolio invested in equities and cash. The annual fee for the portion of the portfolio invested in fixed income securities is 0.50% on the first $2,000,000 and 0.375% on the remaining balance. The annual fee for the portion of the portfolio invested in mutual funds is a flat 0.50%. All fees are negotiable.
Fee Estimator
Location
301 Commerce Street, Suite 1380, Fort Worth, TX, 76102
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Michael is the COO at Lone Oak Trust Company since January 2023, overseeing the operations department. He spends about half his time on this role.
Employment History
Current Registrations
Lummis Asset Management, L.P.
Previous Registrations
Charles Schwab & CO., INC.
Charles Schwab & CO., INC.Broker
Green Investment Management, INC.
Green Investment Management INC
State Registrations1 state
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