# CPS Investment Advisors

> CPS Investment Advisors is an SEC-registered investment advisory firm in Lakeland, FL, registered since 1989, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 104914
- Filed as: CPS INVESTMENT ADVISORS
- Legal name: Chas. P. Smith & Associates, PA, CPA's
- Also doing business as: CPS INVESTMENT ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lakeland, FL
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104914
- AdvisorCensus page: https://advisorcensus.com/firm/cps-investment-advisors-lakeland-fl-104914

## Quick answers

**How is CPS Investment Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), CPS Investment Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is CPS Investment Advisors located?**
CPS Investment Advisors' principal office is in Lakeland, FL, according to its Form ADV.

**Is CPS Investment Advisors registered with the SEC or a state?**
CPS Investment Advisors is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 104914.

**How much does CPS Investment Advisors manage?**
CPS Investment Advisors reports $2,888,320,155 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have CPS Investment Advisors' assets and staff changed since 2021?**
In the Form ADV data for CPS Investment Advisors: Regulatory assets under management: $2,050,951,723 in the October 2021 data and $2,888,320,155 in the October 2026 data, up 41%. Total employees: 15 in October 2021 and 60 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does CPS Investment Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,460); high net worth individuals (647); pension and profit sharing plans (but not the plan participants or government pension plans) (220).

**Which custodians does CPS Investment Advisors use?**
CPS Investment Advisors' 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 CPS Investment Advisors 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/104914

**What changed in CPS Investment Advisors' recent Form ADV filings?**
In the April 2026 filing data: Registered or notice-filed in AR, IN, LA, NE, NH. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### 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: $2,888,320,155
- Discretionary: $2,882,463,173
- Non-discretionary: $5,856,982

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2,460 | $688,117,068 |
| High net worth individuals | 647 | $1,687,651,599 |
| 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) | 220 | $366,779,199 |
| Charitable organizations | 19 | $65,648,966 |
| 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 | 31 | $80,123,323 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 1989 (36 years)
- Employees: 60 total, 21 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, AZ, CA, CO, CT, FL, GA, IA, IL, IN, KY, LA, MD, MI, MO, NC, NE, NH, NJ, NY, OH, OR, PA, SC, TN, TX, VA, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- cpalliance.com
- cpalliance.sharefile.com/Authentication/Login
- cpsinvest.com
- cpsinvestmentadvisors.com
- Facebook @CPAlliance-123443672920663
- Facebook @CPSGroupCPAs
- Facebook @cpafinancialplanners
- Facebook @cpsinvestmentadvisors
- Instagram @cpsinvestmentadvisors
- LinkedIn @cpalliance
- LinkedIn @cpalliance™
- LinkedIn @cps-group-cpas-pa
- LinkedIn @cpsinvestmentadvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,050,951,723 | 15 | September 17, 2021 |
| October 2022 | $2,172,883,502 | 16 | August 10, 2022 |
| October 2023 | $1,988,218,796 | 21 | March 30, 2023 |
| October 2024 | $2,353,432,854 | 25 | July 31, 2024 |
| October 2025 | $2,656,293,459 | 60 | March 28, 2025 |
| October 2026 | $2,888,320,155 | 60 | March 27, 2026 |

Regulatory assets under management: $2,050,951,723 in the October 2021 data and $2,888,320,155 in the October 2026 data, up 41%.
Total employees: 15 in October 2021 and 60 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in AR, IN, LA, NE, NH.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. CPS Investment Advisors (CRD 104914): Form ADV filing data as of October 2026.