AdvisorCensus / Financial advisors / Florida / Tallahassee / Smith Bruer
Smith Bruer is an SEC-registered investment advisory firm in Tallahassee, FL, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 4, 2026.
Quick answers
From the filingHow is Smith Bruer compensated?
On its Form ADV (Item 5.E, October 2026), Smith Bruer reports these compensation arrangements: a percentage of assets under its management.
Where is Smith Bruer located?
Smith Bruer's principal office is in Tallahassee, FL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Smith Bruer registered with the SEC or a state?
Smith Bruer is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 284508.
How much does Smith Bruer manage?
Smith Bruer reports $238,483,049 in regulatory assets under management in its Form ADV filing dated March 4, 2026 (73% discretionary).
How have Smith Bruer's assets and staff changed since 2021?
In the Form ADV data for Smith Bruer: Regulatory assets under management: $138,962,860 in the October 2021 data and $238,483,049 in the October 2026 data, up 72%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Smith Bruer serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (189); high net worth individuals (61); pension and profit sharing plans (but not the plan participants or government pension plans) (20).
Which custodians does Smith Bruer use?
Smith Bruer's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Ascensus Broker Dealer Services, LLC, Charles Schwab & Co., Inc. and Mid Atlantic Trust Company as custodians holding 10% or more of its separately managed account assets.
Does Smith Bruer report any disciplinary disclosures?
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction). 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/284508
Does Smith Bruer state an account minimum?
Its Form ADV Part 2A brochure dated March 4, 2026 says: "In general, we require a minimum of $1,000,000 to open and maintain an advisory account that includes portfolio management services. At our discretion, we may waive this minimum account size."
What changed in Smith Bruer's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $198,230,406 to $238,483,049 (+20%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
In general, we require a minimum of $1,000,000 to open and maintain an advisory account that includes portfolio management services. At our discretion, we may waive this minimum account size.
As stated in the firm's Form ADV Part 2A brochure dated March 4, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$238,483,049 as of October 2026, filing dated March 4, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- Smith Bruer Advisors, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2019 (7 years)
- Employees
- Total: 6. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the April 2026 filing
- States registered or notice-filed
-
4 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 112 Reports 2 disclosure items on Form ADV Item 11. View on IAPD.
Questions answered yes on this filing
Regulatory matters Items 11.C to 11.G
- 11.D(2) 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?
- 11.D(5) Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $238,483,049 | 6 | March 4, 2026 |
| October 2025 | $198,230,406 | 6 | July 16, 2025 |
| October 2024 | $159,602,194 | 6 | March 19, 2024 |
| October 2023 | $146,533,834 | 6 | June 20, 2023 |
| October 2022 | $158,597,098 | 6 | May 9, 2022 |
| October 2021 | $138,962,860 | 5 | July 2, 2021 |
Regulatory assets under management: $138,962,860 in the October 2021 data and $238,483,049 in the October 2026 data, up 72%.
Total employees: 5 in October 2021 and 6 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $198,230,406 to $238,483,049 (+20%).
- January 2026
- No longer registered or notice-filed in NC.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Smith Bruer (CRD 284508): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/smith-bruer-tallahassee-fl-284508