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Lummis Asset Management, L.P. (Fort Worth)


Lummis Asset Management, L.P. is an adviser based in Fort Worth. It manages $54.49 million of regulatory assets for 106 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Texas.

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Lummis Asset Management provides financial planning services, portfolio management for individuals and small businesses, and publication of newsletters. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lummis Asset Management: assets under management

The assets under management (AUM) of Lummis Asset Management, L.P. is $54.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 57% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $54.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $514.08 thousand each.
Lummis Asset Management has custody of $20.94 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lummis Asset Management, L.P. 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.

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Palmer Bradley Lummis Owner 1 Sep 1998 75% - 100% 3144187

Based in Fort Worth

The principal office where Lummis Asset Management, L.P. performs its advisory services is located at 301 Commerce Street, Fort Worth, TX 76102, 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 817-348-0577 or by fax 817-348-0583. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at www.lummisassetmanagement.com.


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