Lummis Asset Management provides portfolio management, investment advice, and investment planning services. Before managing a portfolio, Lummis discusses the client's financial situation, needs, and goals to determine risk tolerance and return expectations. Investment portfolios are constructed using stocks, bonds, mutual funds, and exchange-traded funds. Lummis also provides investment advice on portfolios constructed by clients or other firms. Investment planning services involve creating a written plan to help clients with cash flow, education, retirement, investment, insurance, tax, and estate planning.
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.