AdvisorCensus / Financial advisors / New York / New York / Donald Smith & Co., Inc.
Donald Smith & Co., Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 1975, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 19, 2026.
Quick answers
From the filingHow is Donald Smith & Co., Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Donald Smith & Co., Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is Donald Smith & Co., Inc. located?
Donald Smith & Co., Inc.'s principal office is in New York, NY, according to its Form ADV.
Is Donald Smith & Co., Inc. registered with the SEC or a state?
Donald Smith & Co., Inc. is an SEC-registered investment advisory firm, registered since 1975. Status as filed: Approved. CRD 104947.
How much does Donald Smith & Co., Inc. manage?
Donald Smith & Co., Inc. reports $5,604,651,687 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (100% discretionary).
How have Donald Smith & Co., Inc.'s assets and staff changed since 2021?
In the Form ADV data for Donald Smith & Co., Inc.: Regulatory assets under management: $2,646,551,438 in the October 2021 data and $5,604,651,687 in the October 2026 data, up 112%. Total employees: 9 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Donald Smith & Co., Inc. serve?
By number of clients on Form ADV Item 5.D: charitable organizations (8); pooled investment vehicles (other than investment companies and business development companies) (6); state or municipal government entities (including government pension plans) (3).
Which custodians does Donald Smith & Co., Inc. use?
Donald Smith & Co., Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JPMorgan Chase Bank, Merrill Lynch, The Bank of New York Mellon and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets.
Does Donald Smith & Co., Inc. 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/104947
What changed in Donald Smith & Co., Inc.'s recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 5 to 6. Regulatory assets under management went from $4,264,736,260 to $5,604,651,687 (+31%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated March 19, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$5,604,651,687 as of October 2026, filing dated March 19, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1975 (51 years)
- Employees
- Total: 11. Performing investment advisory functions: 6.
- Wrap fee program participation
- Yes.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $5,604,651,687 | 11 | March 19, 2026 |
| October 2025 | $4,264,736,260 | 10 | March 18, 2025 |
| October 2024 | $4,034,269,522 | 9 | March 19, 2024 |
| October 2023 | $2,621,166,986 | 9 | March 22, 2023 |
| October 2022 | $2,872,116,831 | 9 | March 10, 2022 |
| October 2021 | $2,646,551,438 | 9 | April 29, 2021 |
Regulatory assets under management: $2,646,551,438 in the October 2021 data and $5,604,651,687 in the October 2026 data, up 112%.
Total employees: 9 in October 2021 and 11 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 5 to 6.
- Regulatory assets under management went from $4,264,736,260 to $5,604,651,687 (+31%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Donald Smith & Co., Inc. (CRD 104947): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/donald-smith-and-co-inc-new-york-ny-104947