Lummis Asset Management, L.P.
- Regulatory AUM
- $210M
- Discretionary
- $210M
- Clients
- 43
- Avg AUM / client
- $4.9M
- Accounts
- 129
- Employees
- 1
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Apr 21, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 12 | $4.7M | 2.22% |
| High net worth individuals | 29 | $184M | 87.6% |
| Charitable organizations | 2 | $21.4M | 10.2% |
People (2)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Palmer Bradley Lummis | Chief Compliance Officer/General Partner/President Of Lamco Capital, Llc | Sep 1998 (28y) | ≈ 56.25% – 100% via Lamco Capital, Llc | |
| Michael Kirk Wimberley | Registered representative | Aug 2019 (7y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Lamco Capital, Llc | General Partner | Sep 1998 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Palmer Bradley Lummis: 75% – 100% of Lamco Capital, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/21/2026 | 909 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
Services
- • Portfolio management for individuals/small businesses
- • Publication of periodicals or newsletters
Custody
Reported custodians
- Charles Schwab & Co. $128M (61% of AUM) Apr 2026
- Fis Capital Markets Us Llc $99.5M (44% of AUM) Apr 2025
- Fifth Third Bank $82.1M (39% of AUM) Apr 2026
- Houston Trust Company $9.9M (6% of AUM) Feb 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 21, 2026.
View current Form ADV (SEC/IAPD) ↗