Investment Philosophy
As value investors, Lummis Asset Management is patient and maintains a long-term focus. Our core equity holdings are quality companies, purchased at attractive prices, typically characterized by the following attributes:
We conduct extensive due diligence, apply high standards, and are less willing to bet on continued prosperity and rosy forecasts to build our portfolios. Our goal is to position our company and clients to feel calm in times of market stress, knowing their investments are safe and their future is secure.
We manage client portfolios in a tax-efficient manner, and portfolio positions typically are held for a minimum of three to five years. Client assets are custodied at a broker-dealer, bank, or bank trust department.
Lummis Asset Management is independently owned and operated and not affiliated with any third parties.
Lummis Asset Management is a Registered Investment Advisor (RIA). In such capacity, we are a fiduciary as defined by the SEC Standards of Conduct. We hold ourselves to the highest ethical standards and conduct our business with integrity and honesty.
