# SMI Advisory Services, LLC

> 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.

- CRD: 137872
- Filed as: SMI ADVISORY SERVICES, LLC
- Also doing business as: SMI PRIVATE CLIENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Columbus, IN
- Filing period: October 2026
- Form ADV filing dated: January 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/137872
- AdvisorCensus page: https://advisorcensus.com/firm/smi-advisory-services-llc-columbus-in-137872

## Quick answers

**How is SMI Advisory Services, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), SMI Advisory Services, LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is SMI Advisory Services, LLC located?**
SMI Advisory Services, LLC's principal office is in Columbus, IN, according to its Form ADV.

**Is SMI Advisory Services, LLC registered with the SEC or a state?**
SMI Advisory Services, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 137872.

**How much does SMI Advisory Services, LLC manage?**
SMI Advisory Services, LLC reports $949,000,000 in regulatory assets under management in its Form ADV filing dated January 15, 2026 (100% discretionary).

**How have SMI Advisory Services, LLC's assets and staff changed since 2021?**
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.

**What types of clients does SMI Advisory Services, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,080); investment companies (3).

**Which custodians does SMI Advisory Services, LLC use?**
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.

**Does SMI Advisory Services, 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/137872

**Does SMI Advisory Services, LLC state an account minimum?**
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."

**What changed in SMI Advisory Services, LLC's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $840,000,000 to $949,000,000 (+13%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated January 15, 2026)

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> 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.

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.

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: $949,000,000
- Discretionary: $949,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,080 | $723,000,000 |
| Investment companies | 3 | $226,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2005 (20 years)
- Employees: 5 total, 5 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- smifund.com
- smiprivateclient.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $603,750,000 | 5 | January 20, 2021 |
| October 2022 | $667,000,000 | 4 | August 8, 2022 |
| October 2023 | $730,000,000 | 4 | May 16, 2023 |
| October 2024 | $815,000,000 | 5 | July 25, 2024 |
| October 2025 | $840,000,000 | 5 | January 10, 2025 |
| October 2026 | $949,000,000 | 5 | January 15, 2026 |

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.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $840,000,000 to $949,000,000 (+13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SMI Advisory Services, LLC (CRD 137872): Form ADV filing data as of October 2026.