# Bonner & Smith, LLC

> Bonner & Smith, LLC is an SEC-registered investment advisory firm in Lubbock, TX, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 5, 2026.

- CRD: 114287
- Filed as: BONNER & SMITH, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lubbock, TX
- Filing period: October 2026
- Form ADV filing dated: March 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/114287
- AdvisorCensus page: https://advisorcensus.com/firm/bonner-and-smith-llc-lubbock-tx-114287

## Quick answers

**How is Bonner & Smith, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Bonner & Smith, LLC reports these compensation arrangements: a percentage of assets under its management.

**What does Bonner & Smith, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 5, 2026 states: Up to $250,000: 1.5% a year; $250,000 to $500,000: 1.1% a year; $500,000 to $1,500,000: 0.8% a year; $1,500,000 to $3,000,000: 0.7% a year; $3,000,000 to $5,000,000: 0.6% a year; $5,000,000 to $10,000,000: 0.5% a year; Above $10,000,000: 0.4% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Bonner & Smith, LLC located?**
Bonner & Smith, LLC's principal office is in Lubbock, TX, according to its Form ADV.

**Is Bonner & Smith, LLC registered with the SEC or a state?**
Bonner & Smith, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 114287.

**How much does Bonner & Smith, LLC manage?**
Bonner & Smith, LLC reports $314,766,006 in regulatory assets under management in its Form ADV filing dated March 5, 2026 (100% discretionary).

**How have Bonner & Smith, LLC's assets and staff changed since 2021?**
In the Form ADV data for Bonner & Smith, LLC: Regulatory assets under management: $202,626,111 in the October 2021 data and $314,766,006 in the October 2026 data, up 55%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bonner & Smith, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (189); high net worth individuals (111).

**Which custodians does Bonner & Smith, LLC use?**
Bonner & Smith, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Bonner & Smith, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/114287

**What changed in Bonner & Smith, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $262,323,428 to $314,766,006 (+20%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 5, 2026)

- Up to $250,000: 1.5% a year
- $250,000 to $500,000: 1.1% a year
- $500,000 to $1,500,000: 0.8% a year
- $1,500,000 to $3,000,000: 0.7% a year
- $3,000,000 to $5,000,000: 0.6% a year
- $5,000,000 to $10,000,000: 0.5% a year
- Above $10,000,000: 0.4% a year

> Management Fees for assets under management: Management Fees: First $250,000 Annually 1.50% Quarterly .375% Next $250,000 1.10% .275% Next $1,000,000 .80% .02% Next $1,500,000 .70% .175% Next $2,000,000 .60% .15% Next $5,000,000 .50% .125% Above $10,000,000 .40% .10%

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $314,766,006
- Discretionary: $314,766,006
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 189 | $57,976,751 |
| High net worth individuals | 111 | $256,789,255 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2015 (11 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NM, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- bonner-smith.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $202,626,111 | 2 | March 18, 2021 |
| October 2022 | $229,343,130 | 2 | March 15, 2022 |
| October 2023 | $207,635,463 | 3 | March 15, 2023 |
| October 2024 | $230,350,390 | 3 | January 26, 2024 |
| October 2025 | $262,323,428 | 3 | February 18, 2025 |
| October 2026 | $314,766,006 | 3 | March 5, 2026 |

Regulatory assets under management: $202,626,111 in the October 2021 data and $314,766,006 in the October 2026 data, up 55%.
Total employees: 2 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $262,323,428 to $314,766,006 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bonner & Smith, LLC (CRD 114287): Form ADV filing data as of October 2026.