AdvisorCensus / Financial advisors / Texas / Dallas / Fisher\smb
Fisher\smb is an SEC-registered investment advisory firm in Carrollton, TX, registered since 2024, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated October 1, 2026.
Quick answers
From the filingHow is Fisher\smb compensated?
On its Form ADV (Item 5.E, October 2026), Fisher\smb reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
Where is Fisher\smb located?
Fisher\smb's principal office is in Carrollton, TX, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Fisher\smb registered with the SEC or a state?
Fisher\smb is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 331205.
How much does Fisher\smb manage?
Fisher\smb reports $6,847,928,139 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (100% discretionary).
How have Fisher\smb's assets and staff changed since 2024?
In the Form ADV data for Fisher\smb: Regulatory assets under management: $4,903,397,592 in the October 2024 data and $6,847,928,139 in the October 2026 data, up 40%. Total employees: 131 in October 2024 and 159 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Fisher\smb serve?
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (1,839); state or municipal government entities (including government pension plans) (9).
Which custodians does Fisher\smb use?
Fisher\smb's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Ascensus and Empower as custodians holding 10% or more of its separately managed account assets.
Does Fisher\smb 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/331205
What changed in Fisher\smb's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $5,461,349,416 to $6,847,928,139 (+25%). Registered or notice-filed in DE, VT.
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
- Fixed fees (other than subscription 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 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated June 4, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$6,847,928,139 as of October 2026, filing dated October 1, 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 businesses (other than small businesses) or institutional clients
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Legal name
- Fisher Retirement Solutions LLC
- Also doing business as
- FISHER\SMB
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2024 (2 years)
- Employees
- Total: 159. Performing investment advisory functions: 4.
- Wrap fee program participation
- No.
- 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.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the July 2026 filing
- States registered or notice-filed
-
50 states or jurisdictions
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 | $6,847,928,139 | 159 | October 1, 2026 |
| October 2025 | $5,461,349,416 | 133 | June 20, 2025 |
| October 2024 | $4,903,397,592 | 131 | September 27, 2024 |
Regulatory assets under management: $4,903,397,592 in the October 2024 data and $6,847,928,139 in the October 2026 data, up 40%.
Total employees: 131 in October 2024 and 159 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
- Regulatory assets under management went from $5,461,349,416 to $6,847,928,139 (+25%).
- Registered or notice-filed in DE, VT.
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. Fisher\smb (CRD 331205): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/fisher-smb-carrollton-tx-331205