# Emerald Advisors, LLC

> Emerald Advisors, LLC is an SEC-registered investment advisory firm in Bellevue, WA, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 10, 2026.

- CRD: 305125
- Filed as: EMERALD ADVISORS, LLC
- Also doing business as: THE SMITH GROUP, THE SMITH GROUP MULTI FAMILY OFFICE
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bellevue, WA
- Filing period: October 2026
- Form ADV filing dated: September 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/305125
- AdvisorCensus page: https://advisorcensus.com/firm/emerald-advisors-llc-bellevue-wa-305125

## Quick answers

**How is Emerald Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Emerald Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Emerald Advisors, LLC located?**
Emerald Advisors, LLC's principal office is in Bellevue, WA, according to its Form ADV.

**Is Emerald Advisors, LLC registered with the SEC or a state?**
Emerald Advisors, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 305125.

**How much does Emerald Advisors, LLC manage?**
Emerald Advisors, LLC reports $941,396,697 in regulatory assets under management in its Form ADV filing dated September 10, 2026 (100% discretionary).

**How have Emerald Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Emerald Advisors, LLC: Regulatory assets under management: $380,499,158 in the October 2021 data and $941,396,697 in the October 2026 data, up 147%. Total employees: 6 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Emerald Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (151); individuals (other than high net worth individuals) (64); corporations or other businesses not listed above (1).

**Which custodians does Emerald Advisors, LLC use?**
Emerald Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Emerald Advisors, 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/305125

**What changed in Emerald Advisors, LLC's recent Form ADV filings?**
In the September 2026 filing data: Registered or notice-filed in VA. 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))
- Charles Schwab & Co., Inc.
- 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: $941,396,697
- Discretionary: $938,425,679
- Non-discretionary: $2,971,018

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 64 | $25,888,503 |
| High net worth individuals | 151 | $915,494,255 |
| 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 | 1 | $13,939 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2019 (6 years)
- Employees: 10 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, DC, GA, IL, LA, MD, MI, MN, NE, NY, OH, TX, UT, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- emeraldadv.com
- Facebook @EmeraldAdvisorsLLC
- LinkedIn @emeraldadv

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $380,499,158 | 6 | July 6, 2021 |
| October 2022 | $537,253,758 | 7 | June 30, 2022 |
| October 2023 | $491,875,842 | 7 | March 30, 2023 |
| October 2024 | $678,903,760 | 7 | May 6, 2024 |
| October 2025 | $904,398,476 | 7 | April 2, 2025 |
| October 2026 | $941,396,697 | 10 | September 10, 2026 |

Regulatory assets under management: $380,499,158 in the October 2021 data and $941,396,697 in the October 2026 data, up 147%.
Total employees: 6 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Registered or notice-filed in VA.
- Updated its list of owners and control persons (Schedule A).

### August 2026
- Employees performing advisory functions went from 5 to 4.

### March 2026
- Employees performing advisory functions went from 4 to 5.

### February 2026
- Registered or notice-filed in OH.

### December 2025
- Employees performing advisory functions went from 3 to 4.
- Registered or notice-filed in MN.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Emerald Advisors, LLC (CRD 305125): Form ADV filing data as of October 2026.