Summit Portfolio Management - Financial Advisor in Las Vegas, NV | WiserAdvisor.com

Summit Portfolio Management is an independent financial advisory firm located in Las Vegas, Nevada that provides financial advice based on Nobel Prize winning research. We are a fee-only wealth management consulting firm that represents the interests of high net worth individuals, fiduciaries of qualified plans and trusts. Our advisory service differs significantly from most financial services firms. As a fiduciary we are legally bound to provide objective advice and a broader range of financial options without the conflicts of interest commonly associated with investment product purveyors or traditional brokerage firms. Founded in 1984 by Timothy F. Bock, Summit takes pride in providing state-of-the-art financial planning strategies, investment portfolio construction and management, and portfolio analysis. Summit is one of the few firms nationwide to provide Portfolio Engineering. Portfolio Engineering is the process of linking clients financial objectives to a portfolio strategy designed to have the highest probability of success.We are committed to the highest standards of service, integrity, quality, and excellence.

Summit Portfolio Management

Timothy Bock, President of Summit Portfolio Management, grew up in Phoenix, Arizona. Following his formal education in Engineering at Arizona State University, Tim began his career in the investment industry in San Francisco in 1982 where he focused on tax minimization strategies using municipal bonds. 

The following year Tim expanded his practice to include full financial planning services and products and went on to become a Registered Investment Advisor and co-owner of a qualified plan consulting firm providing administrative services to 401k plans, pensions, and profit sharing plans. 

Through his association with Dimensional Fund Advisors, Tim has had the opportunity to meet and learn from the best and the brightest academic researchers in modern finance. He has attended lectures by David Booth, Warren Buffett, Eugene Fama (Sr. and Jr.), Kenneth French, Rex Sinquefield, William Bernstein, Larry Swedroe, and many others. Tim has been a frequent guest speaker at numerous investment conferences including the Financial Planning Association, American Association of Individual Investors and recently chaired a presentation with James Gottfurcht co-author of Blueprint For Success (2008) on the "Psychology of Money." 

Tim enjoys the challenge of creating optimal solutions to the complex financial situations commonly faced by high net worth clients. Summit Portfolio Management is one of the few firms nationwide to provide Portfolio Engineering. Portfolio Engineering encompasses financial planning considerations unique to client circumstances, with the science of investing that utilizes the most current academic research to enhance portfolio solutions.

Brandon Cruz, Financial Advisor at Summit Portfolio Management was born and raised in Las Vegas, NV. He received his formal education at the University of Nevada, Reno where he earned a degree in business with an emphasis in finance and economics. 
His main reason for beginning to work in finance was to assist in raising financial literacies rates in his community. He's hosted various financial literacies workshops at the University of Nevada, Reno and is currently working on setting up a partnership with the Association of Financial Educators to continue giving back

Sophisticated financial planning works to address all of your financial needs. We'd begin the process by first understanding your unique goals and objectives. Summit would then analyze your total investment & wealth situation, while developing a custom, comprehensive solution. Our next step is implementing our custom solution that works in tandem with your other professional advisors (accountants, lawyers, etc.). Lastly, we'll monitor your plan & review it regularly.

Many CPAs tend to focus on tax preparation, but fail to proactively help clients plan their taxes for the coming year. Summit offers tax planning to our clients to help them prepare for current year and future tax events. The investment strategies we recommend emphasize total after-tax returns. Client portfolios are coordinated across as many account titles as necessary. This approach helps minimize taxation (both income tax & estate tax) and improves wealth accumulation or spendable income.

Several independent research studies have shown that asset allocation is the primary driver of portfolio returns. Summit employs sophisticated statistical techniques to build portfolios designed to deliver the highest return within the clients accepted level of risk.

Summit advocates a Factor-Based Efficient Markets philosophy. Traditional active investment management involves an attempt to select superior securities or time the markets. These efforts result in higher costs and riskier, more concentrated portfolios. Studies show that for the vast majority of investment professionals efforts to beat the market simply fail. Engaging in a factor based portfolio strategy provides our clients better portfolio risk controls, minimization of taxation, and maximization of a client's probability of achieving their goals.

Very often, we find that new clients have scattered holdings among disparate money managers or mutual funds, with no coordinated strategy for measuring and managing risk, keeping portfolio costs down and minimizing taxes.

There are various ways to engage in education funding and planning. Every situation is unique, but a few options are listed below. 

- 529 College Savings Plans
- Education Savings Accounts
- UGMA/ UTMA Accounts
- Educational brokerage account
- 529 Prepaid Tuition Plans
- U.S. Savings Bonds

The definition of estate planning goes beyond just having a will. It includes organizing your assets to pass to the next generation (or two) with the least family disputes, minimizing the amount of federal and state taxes an estate must pay and naming individuals to make financial decisions for you when you no longer can. We help guide our clients towards charitable giving interests.
We will assess your situation to explain appropriate planning techniques and suggest an experienced estate planning attorney (if you do not have one) who can draft the necessary legal documents to achieve your goals. Your estate plan should be reviewed regularly to make sure your wishes are still being addressed and comply with current laws.

Many pre-retirees have similar questions. Will I run out of money in retirement? When should I take social security? When do I get Medicare and how do I cover medical expenses until then?
Over the last 30 years, through leveraging sophisticated retirement planning, insurance planning and investing science we've been able to help hundreds of our clients answer these questions and retire with confidence.

Academic studies have shown multiple sources of higher  potential returns, known as factors. Summit employs these factors seeking better outcomes for our clients. Summit provides tax loss harvesting, systematic rebalancing, asset allocation, control of taxable distributions, and application of tax-efficient smart asset placement.

We provide transparent 401k rollover advice. Due to our role as fiduciaries, any 401k rollover recommendation will be in your best interest. We will compare fees, benefits and any potential drawbacks of rolling over your 401k, taking a cash distribution or leaving it in your current plan.

Summit Portfolio Management

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