# Smith Affiliated Capital Corp.

> Smith Affiliated Capital Corp. is an SEC-registered investment advisory firm in New York, NY, registered since 1982, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 107675
- Filed as: SMITH AFFILIATED CAPITAL CORP.
- 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/107675
- AdvisorCensus page: https://advisorcensus.com/firm/smith-affiliated-capital-corp-new-york-ny-107675

## Quick answers

**How is Smith Affiliated Capital Corp. compensated?**
On its Form ADV (Item 5.E, October 2026), Smith Affiliated Capital Corp. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Smith Affiliated Capital Corp. located?**
Smith Affiliated Capital Corp.'s principal office is in New York, NY, according to its Form ADV.

**Is Smith Affiliated Capital Corp. registered with the SEC or a state?**
Smith Affiliated Capital Corp. is an SEC-registered investment advisory firm, registered since 1982. Status as filed: Approved. CRD 107675.

**How much does Smith Affiliated Capital Corp. manage?**
Smith Affiliated Capital Corp. reports $1,682,144,950 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (51% discretionary).

**How have Smith Affiliated Capital Corp.'s assets and staff changed since 2021?**
In the Form ADV data for Smith Affiliated Capital Corp.: Regulatory assets under management: $2,395,709,538 in the October 2021 data and $1,682,144,950 in the October 2026 data, down 30%. Total employees: 14 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Smith Affiliated Capital Corp. serve?**
By number of clients on Form ADV Item 5.D: other investment advisers (81); individuals (other than high net worth individuals) (60); high net worth individuals (21).

**Which custodians does Smith Affiliated Capital Corp. use?**
Smith Affiliated Capital Corp.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust and Schwab Inc as custodians holding 10% or more of its separately managed account assets.

**Does Smith Affiliated Capital Corp. 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/107675

**What changed in Smith Affiliated Capital Corp.'s recent Form ADV filings?**
In the April 2026 filing data: Registered or notice-filed in NH. 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

### Custodians (Schedule D, Section 5.K(3))
- Northern Trust
- Schwab 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: $1,682,144,950
- Discretionary: $852,536,809
- Non-discretionary: $829,608,141

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 60 | $116,441,764 |
| High net worth individuals | 21 | $252,027,696 |
| 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) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $73,083,738 |
| Charitable organizations | Fewer than 5 | $1,160,080 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $23,722,365 |
| Other investment advisers | 81 | $44,341,863 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 17 | $1,037,310,547 |
| Other | 10 | $134,056,897 |

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

### Firm details
- Registered since: 1982 (44 years)
- Employees: 10 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, LA, NH, NY, OR, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- smithcapital.com
- LinkedIn @SMITH-AFFILIATED-CAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,395,709,538 | 14 | March 29, 2021 |
| October 2022 | $2,055,941,822 | 12 | March 31, 2022 |
| October 2023 | $1,737,399,231 | 12 | March 31, 2023 |
| October 2024 | $1,796,102,202 | 12 | August 15, 2024 |
| October 2025 | $1,744,635,439 | 10 | June 16, 2025 |
| October 2026 | $1,682,144,950 | 10 | March 30, 2026 |

Regulatory assets under management: $2,395,709,538 in the October 2021 data and $1,682,144,950 in the October 2026 data, down 30%.
Total employees: 14 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in NH.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Smith Affiliated Capital Corp. (CRD 107675): Form ADV filing data as of October 2026.