{
  "crd_number": 129614,
  "slug": "smith-salley-wealth-management-greensboro-nc-129614",
  "primary_business_name": "SMITH SALLEY WEALTH MANAGEMENT",
  "legal_name": "SMITH, SALLEY & ASSOCIATES, LLC",
  "dbas": [],
  "city": "Greensboro",
  "state": "NC",
  "country": "United States",
  "cbsa_code": "24660",
  "metro": {
    "cbsa_code": "24660",
    "common_name": "Greensboro",
    "msa_name": "Greensboro-High Point, NC",
    "path": "/advisors/nc/greensboro"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-12-18",
  "years_registered": 22,
  "period": "2026-10-01",
  "filing_date": "2026-09-09",
  "carried_forward": false,
  "raum_total": 2893493810.0,
  "raum_discretionary": 2892536542.0,
  "raum_non_discretionary": 957268.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 18,
  "advisory_employees": 15,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 39380367.0,
      "count": 11
    },
    "individuals": {
      "raum": 179770384.0,
      "count": 410
    },
    "banking_thrift": {
      "raum": 2628101.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 2500791602.0,
      "count": 683
    },
    "corporations_other_businesses": {
      "raum": 170923356.0,
      "count": 25
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "FL",
    "GA",
    "IL",
    "KY",
    "MA",
    "MD",
    "NC",
    "NJ",
    "NY",
    "OH",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA"
  ],
  "websites": [
    "https://linkedin.com/company/smith-salley-associates-llc",
    "https://smith-salley.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/129614",
  "city_as_filed": "GREENSBORO",
  "url": "https://advisorcensus.com/firm/smith-salley-wealth-management-greensboro-nc-129614",
  "display_name": "Smith Salley Wealth Management",
  "summary": "Smith Salley Wealth Management is an SEC-registered investment advisory firm in Greensboro, NC, registered since 2003, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 9, 2026.",
  "citation": "AdvisorCensus. Smith Salley Wealth Management (CRD 129614): 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": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Smith Salley Wealth Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Smith Salley Wealth Management reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Smith Salley Wealth Management charge?",
      "a": "Its Form ADV Part 2A brochure dated May 12, 2026 states: Asset-based fee: up to 1% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Smith Salley Wealth Management located?",
      "a": "Smith Salley Wealth Management's principal office is in Greensboro, NC, according to its Form ADV; the October 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Smith Salley Wealth Management registered with the SEC or a state?",
      "a": "Smith Salley Wealth Management is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 129614."
    },
    {
      "q": "How much does Smith Salley Wealth Management manage?",
      "a": "Smith Salley Wealth Management reports $2,893,493,810 in regulatory assets under management in its Form ADV filing dated September 9, 2026 (100% discretionary)."
    },
    {
      "q": "How have Smith Salley Wealth Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Smith Salley Wealth Management: Regulatory assets under management: $2,026,635,345 in the October 2021 data and $2,893,493,810 in the October 2026 data, up 43%. Total employees: 15 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Smith Salley Wealth Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (683); individuals (other than high net worth individuals) (410); corporations or other businesses not listed above (25)."
    },
    {
      "q": "Which custodians does Smith Salley Wealth Management use?",
      "a": "Smith Salley Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Smith Salley Wealth Management 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/129614"
    },
    {
      "q": "What changed in Smith Salley Wealth Management's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Registered or notice-filed in CO, IL, PA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2026635345.0,
      "total_employees": 15,
      "filing_date": "2021-08-18"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2717100209.0,
      "total_employees": 17,
      "filing_date": "2022-04-04"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2709592506.0,
      "total_employees": 17,
      "filing_date": "2023-10-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3061316134.0,
      "total_employees": 19,
      "filing_date": "2024-06-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2344187985.0,
      "total_employees": 19,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2893493810.0,
      "total_employees": 18,
      "filing_date": "2026-09-09"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Registered or notice-filed in CO, IL, PA."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Employees performing advisory functions went from 16 to 15."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Employees performing advisory functions went from 17 to 16.",
        "Regulatory assets under management went from $2,344,187,985 to $2,893,493,810 (+23%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 15 to 17."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Added an office in Mooresville, NC."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 12, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "None",
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Based upon negotiability factors, our advisory fee may be up to a maximum amount of 1.00% annually, and a tiered fee schedule may apply.",
          "Fees charged for our Wealth Management Services are negotiable and based upon, among other things, anticipated future earning capacity, anticipated future additional assets, value of assets to be managed, related accounts, account composition, asset types, account retention and services to be provided."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: None"
        ],
        "quotes": [
          "There is no minimum annual fee for any account.",
          "We do not impose a minimum annual fee for any account."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 1.0,
      "account_minimum": null,
      "minimum_annual_fee": 0.0,
      "planning": []
    },
    "quotes": [
      "Based upon negotiability factors, our advisory fee may be up to a maximum amount of 1.00% annually, and a tiered fee schedule may apply.",
      "Fees charged for our Wealth Management Services are negotiable and based upon, among other things, anticipated future earning capacity, anticipated future additional assets, value of assets to be managed, related accounts, account composition, asset types, account retention and services to be provided.",
      "There is no minimum annual fee for any account.",
      "We do not impose a minimum annual fee for any account."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "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-salley-wealth-management-greensboro-nc-129614.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 410,
      "fewer_than_5": false,
      "raum": 179770384.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 683,
      "fewer_than_5": false,
      "raum": 2500791602.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 2628101.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 11,
      "fewer_than_5": false,
      "raum": 39380367.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 25,
      "fewer_than_5": false,
      "raum": 170923356.0
    }
  ],
  "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/129614",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}