{
  "crd_number": 137872,
  "slug": "smi-advisory-services-llc-columbus-in-137872",
  "primary_business_name": "SMI ADVISORY SERVICES, LLC",
  "legal_name": "SMI ADVISORY SERVICES, LLC",
  "dbas": [
    "SMI PRIVATE CLIENT"
  ],
  "city": "Columbus",
  "state": "IN",
  "country": "United States",
  "cbsa_code": "18020",
  "metro": {
    "cbsa_code": "18020",
    "common_name": "Columbus",
    "msa_name": "Columbus, IN",
    "path": "/advisors/in/columbus"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-11-15",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-01-15",
  "carried_forward": false,
  "raum_total": 949000000.0,
  "raum_discretionary": 949000000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 5,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 723000000.0,
      "count": 1080
    },
    "investment_companies": {
      "raum": 226000000.0,
      "count": 3
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "FL",
    "GA",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "SC",
    "SD",
    "TN",
    "TX",
    "VA",
    "WA",
    "WI"
  ],
  "websites": [
    "https://smifund.com",
    "https://smiprivateclient.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/137872",
  "city_as_filed": "COLUMBUS",
  "url": "https://advisorcensus.com/firm/smi-advisory-services-llc-columbus-in-137872",
  "display_name": "SMI Advisory Services, LLC",
  "summary": "SMI Advisory Services, LLC is an SEC-registered investment advisory firm in Columbus, IN, registered since 2005, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated January 15, 2026.",
  "citation": "AdvisorCensus. SMI Advisory Services, LLC (CRD 137872): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is SMI Advisory Services, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), SMI Advisory Services, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is SMI Advisory Services, LLC located?",
      "a": "SMI Advisory Services, LLC's principal office is in Columbus, IN, according to its Form ADV."
    },
    {
      "q": "Is SMI Advisory Services, LLC registered with the SEC or a state?",
      "a": "SMI Advisory Services, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 137872."
    },
    {
      "q": "How much does SMI Advisory Services, LLC manage?",
      "a": "SMI Advisory Services, LLC reports $949,000,000 in regulatory assets under management in its Form ADV filing dated January 15, 2026 (100% discretionary)."
    },
    {
      "q": "How have SMI Advisory Services, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for SMI Advisory Services, LLC: Regulatory assets under management: $603,750,000 in the October 2021 data and $949,000,000 in the October 2026 data, up 57%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does SMI Advisory Services, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,080); investment companies (3)."
    },
    {
      "q": "Which custodians does SMI Advisory Services, LLC use?",
      "a": "SMI Advisory Services, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does SMI Advisory Services, LLC report any disciplinary disclosures?",
      "a": "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/137872"
    },
    {
      "q": "Does SMI Advisory Services, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated January 15, 2026 says: \"In general, a Client should have a minimum of $100,000 to establish a PMA. This minimum may be waived on an account-by-account basis at the sole discretion of our management.\""
    },
    {
      "q": "What changed in SMI Advisory Services, LLC's recent Form ADV filings?",
      "a": "In the February 2026 filing data: Regulatory assets under management went from $840,000,000 to $949,000,000 (+13%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 603750000.0,
      "total_employees": 5,
      "filing_date": "2021-01-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 667000000.0,
      "total_employees": 4,
      "filing_date": "2022-08-08"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 730000000.0,
      "total_employees": 4,
      "filing_date": "2023-05-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 815000000.0,
      "total_employees": 5,
      "filing_date": "2024-07-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 840000000.0,
      "total_employees": 5,
      "filing_date": "2025-01-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 949000000.0,
      "total_employees": 5,
      "filing_date": "2026-01-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Regulatory assets under management went from $840,000,000 to $949,000,000 (+13%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated January 15, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$100,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $100,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "In general, a Client should have a minimum of $100,000 to establish a PMA. This minimum may be waived on an account-by-account basis at the sole discretion of our management."
        ]
      }
    ],
    "quotes": [
      "In general, a Client should have a minimum of $100,000 to establish a PMA. This minimum may be waived on an account-by-account basis at the sole discretion of our management."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/smi-advisory-services-llc-columbus-in-137872.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1080,
      "fewer_than_5": false,
      "raum": 723000000.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 3,
      "fewer_than_5": false,
      "raum": 226000000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/137872",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}