{
  "crd_number": 285310,
  "slug": "smith-and-wyatt-college-station-tx-285310",
  "primary_business_name": "SMITH & WYATT",
  "legal_name": "L & W FINANCIAL, LLC",
  "dbas": [
    "DUGAN BROWN",
    "FRONTIER WEALTH MANAGEMENT"
  ],
  "city": "College Station",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "17780",
  "metro": {
    "cbsa_code": "17780",
    "common_name": "College Station",
    "msa_name": "College Station-Bryan, TX",
    "path": "/advisors/tx/college-station"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-10-27",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-07-13",
  "carried_forward": false,
  "raum_total": 207487000.0,
  "raum_discretionary": 201287000.0,
  "raum_non_discretionary": 6200000.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 9,
  "advisory_employees": 8,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 149297000.0,
      "count": 691
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 58190000.0,
      "count": 33
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "IL",
    "LA",
    "MN",
    "OH",
    "PA",
    "TX",
    "WV"
  ],
  "websites": [
    "https://duganbrown.com",
    "https://fw-mgmt.com",
    "https://linkedin.com/company/smithwyatt?+viewAsMember=true",
    "https://smithwyatt.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/285310",
  "city_as_filed": "COLLEGE STATION",
  "url": "https://advisorcensus.com/firm/smith-and-wyatt-college-station-tx-285310",
  "display_name": "Smith & Wyatt",
  "summary": "Smith & Wyatt is an SEC-registered investment advisory firm in College Station, TX, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 13, 2026.",
  "citation": "AdvisorCensus. Smith & Wyatt (CRD 285310): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Smith & Wyatt compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Smith & Wyatt reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other."
    },
    {
      "q": "How much does Smith & Wyatt charge?",
      "a": "Its Form ADV Part 2A brochure dated July 13, 2026 states: Asset-based fee: 0.25% to 1.5% a year (a range, as the brochure states it); Hourly rate: $200 an hour (single subject financial planning/general consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Smith & Wyatt located?",
      "a": "Smith & Wyatt's principal office is in College Station, TX, according to its Form ADV; the August 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Smith & Wyatt registered with the SEC or a state?",
      "a": "Smith & Wyatt is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 285310."
    },
    {
      "q": "How much does Smith & Wyatt manage?",
      "a": "Smith & Wyatt reports $207,487,000 in regulatory assets under management in its Form ADV filing dated July 13, 2026 (97% discretionary)."
    },
    {
      "q": "How have Smith & Wyatt's assets and staff changed since 2024?",
      "a": "In the Form ADV data for Smith & Wyatt: Regulatory assets under management: $119,845,319 in the October 2024 data and $207,487,000 in the October 2026 data, up 73%. Total employees: 8 in October 2024 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Smith & Wyatt serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (691); high net worth individuals (33)."
    },
    {
      "q": "Which custodians does Smith & Wyatt use?",
      "a": "Smith & Wyatt's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Capital Client Group, Inc. and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Smith & Wyatt 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/285310"
    },
    {
      "q": "What changed in Smith & Wyatt's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $158,577,226 to $207,487,000 (+31%). Employees performing advisory functions went from 6 to 8. Added an office in College Station, TX. No longer lists an office in Bryan, TX. No longer lists an office in San Antonio, TX. Registered or notice-filed in PA."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 119845319.0,
      "total_employees": 8,
      "filing_date": "2024-09-04"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 158577226.0,
      "total_employees": 8,
      "filing_date": "2025-07-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 207487000.0,
      "total_employees": 9,
      "filing_date": "2026-07-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $158,577,226 to $207,487,000 (+31%).",
        "Employees performing advisory functions went from 6 to 8.",
        "Added an office in College Station, TX.",
        "No longer lists an office in Bryan, TX.",
        "No longer lists an office in San Antonio, TX.",
        "Registered or notice-filed in PA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 13, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.25% to 1.5% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $200 an hour (single subject financial planning/general consulting services)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.25% to 1.5% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Our annual portfolio management fee ranges from 0.25% to 1.5% depending on account size and custodian used."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $200 an hour (single subject financial planning/general consulting services)"
        ],
        "quotes": [
          "Our rate for such services is $200 per hour and is negotiable depending on the scope and complexity of the plan, your financial situation, and your objectives."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.25,
        1.5
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 200.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "single subject financial planning/general consulting services"
        }
      ]
    },
    "quotes": [
      "Our annual portfolio management fee ranges from 0.25% to 1.5% depending on account size and custodian used.",
      "Our rate for such services is $200 per hour and is negotiable depending on the scope and complexity of the plan, your financial situation, and your objectives."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Capital Client Group, Inc.",
      "name_as_filed": "CAPITAL CLIENT GROUP, INC.",
      "affiliated": false
    },
    {
      "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/smith-and-wyatt-college-station-tx-285310.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 691,
      "fewer_than_5": false,
      "raum": 149297000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 33,
      "fewer_than_5": false,
      "raum": 58190000.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/285310",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}