{
  "crd_number": 284508,
  "slug": "smith-bruer-tallahassee-fl-284508",
  "primary_business_name": "SMITH BRUER",
  "legal_name": "SMITH BRUER ADVISORS, LLC",
  "dbas": [],
  "city": "Tallahassee",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "45220",
  "metro": {
    "cbsa_code": "45220",
    "common_name": "Tallahassee",
    "msa_name": "Tallahassee, FL",
    "path": "/advisors/fl/tallahassee"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-06-06",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-03-04",
  "carried_forward": false,
  "raum_total": 238483049.0,
  "raum_discretionary": 173099548.0,
  "raum_non_discretionary": 65383501.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 6,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 53647477.0,
      "count": 189
    },
    "pension_profit_sharing": {
      "raum": 65383501.0,
      "count": 20
    },
    "high_net_worth_individuals": {
      "raum": 119452071.0,
      "count": 61
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "pension_consulting",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "CO",
    "FL",
    "GA",
    "TX"
  ],
  "websites": [
    "https://linkedin.com/company/smithbrueradvisorsllc",
    "https://smithbruer.com",
    "https://youtube.com/@smithbruer"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/284508",
  "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?"
    },
    {
      "item": "11.D(5)",
      "question": "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?"
    }
  ],
  "city_as_filed": "TALLAHASSEE",
  "url": "https://advisorcensus.com/firm/smith-bruer-tallahassee-fl-284508",
  "display_name": "Smith Bruer",
  "summary": "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.",
  "citation": "AdvisorCensus. Smith Bruer (CRD 284508): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Smith Bruer compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Smith Bruer reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Smith Bruer located?",
      "a": "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)."
    },
    {
      "q": "Is Smith Bruer registered with the SEC or a state?",
      "a": "Smith Bruer is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 284508."
    },
    {
      "q": "How much does Smith Bruer manage?",
      "a": "Smith Bruer reports $238,483,049 in regulatory assets under management in its Form ADV filing dated March 4, 2026 (73% discretionary)."
    },
    {
      "q": "How have Smith Bruer's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Smith Bruer serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Smith Bruer use?",
      "a": "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."
    },
    {
      "q": "Does Smith Bruer report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "Does Smith Bruer state an account minimum?",
      "a": "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.\""
    },
    {
      "q": "What changed in Smith Bruer's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $198,230,406 to $238,483,049 (+20%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 138962860.0,
      "total_employees": 5,
      "filing_date": "2021-07-02"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 158597098.0,
      "total_employees": 6,
      "filing_date": "2022-05-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 146533834.0,
      "total_employees": 6,
      "filing_date": "2023-06-20"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 159602194.0,
      "total_employees": 6,
      "filing_date": "2024-03-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 198230406.0,
      "total_employees": 6,
      "filing_date": "2025-07-16"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 238483049.0,
      "total_employees": 6,
      "filing_date": "2026-03-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $198,230,406 to $238,483,049 (+20%)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in NC."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 4, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "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."
        ]
      }
    ],
    "quotes": [
      "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."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Ascensus Broker Dealer Services, LLC",
      "name_as_filed": "ASCENSUS BROKER DEALER SERVICES, LLC",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Mid Atlantic Trust Company",
      "name_as_filed": "MID ATLANTIC TRUST COMPANY",
      "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-bruer-tallahassee-fl-284508.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 189,
      "fewer_than_5": false,
      "raum": 53647477.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 61,
      "fewer_than_5": false,
      "raum": 119452071.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 20,
      "fewer_than_5": false,
      "raum": 65383501.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items 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/284508",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}