# 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.

- CRD: 284508
- Filed as: SMITH BRUER
- Legal name: Smith Bruer Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Tallahassee, FL
- Filing period: October 2026
- Form ADV filing dated: March 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284508
- AdvisorCensus page: https://advisorcensus.com/firm/smith-bruer-tallahassee-fl-284508

## Quick answers

**How 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

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

### Fees and minimums (Form ADV Part 2A brochure dated March 4, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Ascensus Broker Dealer Services, LLC
- Charles Schwab & Co., Inc.
- Mid Atlantic Trust Company

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.

### Regulatory assets under management (Item 5.F)
- Total: $238,483,049
- Discretionary: $173,099,548
- Non-discretionary: $65,383,501

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 189 | $53,647,477 |
| High net worth individuals | 61 | $119,452,071 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 20 | $65,383,501 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Other

### Firm details
- Registered since: 2019 (7 years)
- Employees: 6 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, FL, GA, TX
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 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. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/284508

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Colorado Springs, CO

### Websites listed on Form ADV (Item 1.I)
- smithbruer.com
- LinkedIn @smithbrueradvisorsllc
- YouTube @smithbruer

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $138,962,860 | 5 | July 2, 2021 |
| October 2022 | $158,597,098 | 6 | May 9, 2022 |
| October 2023 | $146,533,834 | 6 | June 20, 2023 |
| October 2024 | $159,602,194 | 6 | March 19, 2024 |
| October 2025 | $198,230,406 | 6 | July 16, 2025 |
| October 2026 | $238,483,049 | 6 | March 4, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Smith Bruer (CRD 284508): Form ADV filing data as of October 2026.