# Smith & Associates Financial Services, LLC

> Smith & Associates Financial Services, LLC is a state-registered investment advisory firm, registered since 2024, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 331842
- Filed as: SMITH & ASSOCIATES FINANCIAL SERVICES, LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Registered in Minnesota
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/331842
- AdvisorCensus page: https://advisorcensus.com/firm/smith-and-associates-financial-services-llc-331842

## Quick answers

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

**Is Smith & Associates Financial Services, LLC registered with the SEC or a state?**
Smith & Associates Financial Services, LLC is a state-registered investment advisory firm, registered since 2024. Status as filed: APPROVED. CRD 331842.

**How much does Smith & Associates Financial Services, LLC manage?**
Smith & Associates Financial Services, LLC reports $1,109,632 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (65% discretionary).

**What types of clients does Smith & Associates Financial Services, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (17).

**Does Smith & Associates Financial 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 public record on IAPD: https://adviserinfo.sec.gov/firm/summary/331842

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $1,109,632
- Discretionary: $724,981
- Non-discretionary: $384,651

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 17 | $1,109,632 |
| High net worth individuals | Fewer than 5 | $0 |
| Banking or thrift institutions | Fewer than 5 | $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) | Fewer than 5 | $0 |
| Charitable organizations | Fewer than 5 | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |
| Other | Fewer than 5 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2024 (1 year)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- LinkedIn @kelly-smith-88065053

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Smith & Associates Financial Services, LLC (CRD 331842): Form ADV filing data as of October 2026.