{
  "crd_number": 127684,
  "slug": "smith-asset-management-co-llc-chiefland-fl-127684",
  "primary_business_name": "SMITH ASSET MANAGEMENT CO., LLC",
  "legal_name": "SMITH ASSET MANAGEMENT CO., LLC",
  "dbas": [],
  "city": "Chiefland",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "23540",
  "metro": {
    "cbsa_code": "23540",
    "common_name": "Gainesville",
    "msa_name": "Gainesville, FL",
    "path": "/advisors/fl/gainesville"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-03-31",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-05-05",
  "carried_forward": false,
  "raum_total": 281212631.0,
  "raum_discretionary": 281212631.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 7,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 980141.0,
      "count": 2,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 194346885.0,
      "count": 726
    },
    "state_municipal": {
      "raum": 88564.0,
      "count": 1,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 83388912.0,
      "count": 39
    },
    "corporations_other_businesses": {
      "raum": 2408129.0,
      "count": 8
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "CA",
    "FL",
    "GA",
    "IN",
    "LA",
    "MT",
    "NC",
    "NE",
    "NH",
    "TN",
    "TX"
  ],
  "websites": [
    "https://smithamco.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/127684",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "CHIEFLAND",
  "url": "https://advisorcensus.com/firm/smith-asset-management-co-llc-chiefland-fl-127684",
  "display_name": "Smith Asset Management Co., LLC",
  "summary": "Smith Asset Management Co., LLC is an SEC-registered investment advisory firm in Chiefland, FL, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 5, 2026.",
  "citation": "AdvisorCensus. Smith Asset Management Co., LLC (CRD 127684): 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"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Smith Asset Management Co., LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Smith Asset Management Co., LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges."
    },
    {
      "q": "Where is Smith Asset Management Co., LLC located?",
      "a": "Smith Asset Management Co., LLC's principal office is in Chiefland, FL, according to its Form ADV."
    },
    {
      "q": "Is Smith Asset Management Co., LLC registered with the SEC or a state?",
      "a": "Smith Asset Management Co., LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 127684."
    },
    {
      "q": "How much does Smith Asset Management Co., LLC manage?",
      "a": "Smith Asset Management Co., LLC reports $281,212,631 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (100% discretionary)."
    },
    {
      "q": "How have Smith Asset Management Co., LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Smith Asset Management Co., LLC: Regulatory assets under management: $209,306,003 in the October 2021 data and $281,212,631 in the October 2026 data, up 34%. Total employees: 2 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Smith Asset Management Co., LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (726); high net worth individuals (39); corporations or other businesses not listed above (8)."
    },
    {
      "q": "Which custodians does Smith Asset Management Co., LLC use?",
      "a": "Smith Asset Management Co., 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 Smith Asset Management Co., LLC report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/127684"
    },
    {
      "q": "What changed in Smith Asset Management Co., LLC's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Registered or notice-filed in CA, IN, MT."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 209306003.0,
      "total_employees": 2,
      "filing_date": "2021-02-08"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 225029275.0,
      "total_employees": 1,
      "filing_date": "2022-03-14"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 228986524.0,
      "total_employees": 2,
      "filing_date": "2023-03-02"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 233716737.0,
      "total_employees": 4,
      "filing_date": "2024-07-08"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 261428147.0,
      "total_employees": 7,
      "filing_date": "2025-04-08"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 281212631.0,
      "total_employees": 7,
      "filing_date": "2026-05-05"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Registered or notice-filed in CA, IN, MT."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in CA."
      ]
    }
  ],
  "fees_from_brochure": null,
  "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/smith-asset-management-co-llc-chiefland-fl-127684.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 726,
      "fewer_than_5": false,
      "raum": 194346885.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 39,
      "fewer_than_5": false,
      "raum": 83388912.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": true,
      "raum": 980141.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 88564.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 8,
      "fewer_than_5": false,
      "raum": 2408129.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "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/127684",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}