# Leelyn Smith, LLC

> Leelyn Smith, LLC is an SEC-registered investment advisory firm in Geneva, IL, registered since 2018, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 12, 2026.

- CRD: 110517
- Filed as: LEELYN SMITH, LLC
- Also doing business as: EMERGENT PARTNERS, THE RETIREMENT NETWORK
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Geneva, IL
- Filing period: October 2026
- Form ADV filing dated: April 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110517
- AdvisorCensus page: https://advisorcensus.com/firm/leelyn-smith-llc-geneva-il-110517

## Quick answers

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

**What does Leelyn Smith, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 20, 2026 states: Asset-based fee: 0.6% to 1.25% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Leelyn Smith, LLC located?**
Leelyn Smith, LLC's principal office is in Geneva, IL, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Leelyn Smith, LLC registered with the SEC or a state?**
Leelyn Smith, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 110517.

**How much does Leelyn Smith, LLC manage?**
Leelyn Smith, LLC reports $852,292,185 in regulatory assets under management in its Form ADV filing dated April 12, 2026 (100% discretionary).

**How have Leelyn Smith, LLC's assets and staff changed since 2021?**
In the Form ADV data for Leelyn Smith, LLC: Regulatory assets under management: $448,434,716 in the October 2021 data and $852,292,185 in the October 2026 data, up 90%. Total employees: 17 in October 2021 and 38 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Leelyn Smith, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (583); high net worth individuals (216).

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

**Does Leelyn 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/110517

**What changed in Leelyn Smith, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 20 to 14. Regulatory assets under management went from $722,181,779 to $852,292,185 (+18%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 20, 2026)

- Asset-based fee: 0.6% to 1.25% a year (a range, as the brochure states it)

> The Registrant’s annual investment advisory fee is based upon a percentage (%) of the market value of the assets placed under the Registrant’s management, generally between 0.60% and 1.25%.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- LPL Financial 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: $852,292,185
- Discretionary: $852,235,391
- Non-discretionary: $56,794

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 583 | $258,800,640 |
| High net worth individuals | 216 | $588,541,983 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $3,224,241 |
| Charitable organizations | Fewer than 5 | $1,725,321 |

### 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: 2018 (8 years)
- Employees: 38 total, 14 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, FL, GA, IA, IL, IN, MI, NC, NH, OH, SC, TN, TX, VA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Oakbrook, IL

### Websites listed on Form ADV (Item 1.I)
- emergentpartnersls.com
- leelynsmith.com
- theretirementnetwork.com
- Facebook @leelynsmith
- Facebook @theretirementnetwork
- Instagram @leelyn.smith
- LinkedIn @leelyn-smith
- LinkedIn @the-retirement-network

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $448,434,716 | 17 | May 17, 2021 |
| October 2022 | $493,127,437 | 20 | July 11, 2022 |
| October 2023 | $466,095,202 | 21 | September 11, 2023 |
| October 2024 | $603,362,816 | 19 | April 19, 2024 |
| October 2025 | $722,181,779 | 21 | April 16, 2025 |
| October 2026 | $852,292,185 | 38 | April 12, 2026 |

Regulatory assets under management: $448,434,716 in the October 2021 data and $852,292,185 in the October 2026 data, up 90%.
Total employees: 17 in October 2021 and 38 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 20 to 14.
- Regulatory assets under management went from $722,181,779 to $852,292,185 (+18%).

### January 2026
- Registered or notice-filed in MI.
- No longer registered or notice-filed in AL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Leelyn Smith, LLC (CRD 110517): Form ADV filing data as of October 2026.