# SMA Capital LLC

> SMA Capital LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2025, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 335168
- Filed as: SMA CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/335168
- AdvisorCensus page: https://advisorcensus.com/firm/sma-capital-llc-new-york-ny-335168

## Quick answers

**How is SMA Capital LLC compensated?**
On its Form ADV (Item 5.E, October 2026), SMA Capital LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is SMA Capital LLC located?**
SMA Capital LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is SMA Capital LLC registered with the SEC or a state?**
SMA Capital LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 335168.

**How much does SMA Capital LLC manage?**
SMA Capital LLC reports $553,453,008 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have SMA Capital LLC's assets and staff changed since 2025?**
In the Form ADV data for SMA Capital LLC: Regulatory assets under management: $314,427,161 in the October 2025 data and $553,453,008 in the October 2026 data, up 76%. Total employees: 8 in October 2025 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does SMA Capital LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does SMA Capital 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/335168

**Does SMA Capital LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "SMA Capital targets clients with a minimum account size of $25,000,000. However, SMA Capital reserves the right to accept accounts of a lesser amount."

**What changed in SMA Capital LLC's recent Form ADV filings?**
In the April 2026 filing data: 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
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Account minimum: $25,000,000

> SMA Capital targets clients with a minimum account size of $25,000,000. However, SMA Capital reserves the right to accept accounts of a lesser amount.

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

### Regulatory assets under management (Item 5.F)
- Total: $553,453,008
- Discretionary: $553,453,008
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| 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) | 5 | $553,453,008 |
| 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 | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2025 (1 year)
- Employees: 9 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, HI, IL, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Lake Forest, IL

### Websites listed on Form ADV (Item 1.I)
- [smacap.com](https://smacap.com)
- LinkedIn @smacap

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $314,427,161 | 8 | July 28, 2025 |
| October 2026 | $553,453,008 | 9 | March 30, 2026 |

Regulatory assets under management: $314,427,161 in the October 2025 data and $553,453,008 in the October 2026 data, up 76%.
Total employees: 8 in October 2025 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Regulatory assets under management went from $314,427,161 to $518,000,000 (+65%).
- No longer lists an office in New York, NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SMA Capital LLC (CRD 335168): Form ADV filing data as of October 2026.