{
  "crd_number": 106235,
  "slug": "smith-shellnut-wilson-ridgeland-ms-106235",
  "primary_business_name": "SMITH SHELLNUT WILSON",
  "legal_name": "SMITH SHELLNUT WILSON LLC",
  "dbas": [],
  "city": "Ridgeland",
  "state": "MS",
  "country": "United States",
  "cbsa_code": "27140",
  "metro": {
    "cbsa_code": "27140",
    "common_name": "Jackson",
    "msa_name": "Jackson, MS",
    "path": "/advisors/ms/jackson"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1995-04-26",
  "years_registered": 31,
  "period": "2026-10-01",
  "filing_date": "2026-09-09",
  "carried_forward": false,
  "raum_total": 6924984046.0,
  "raum_discretionary": 1448588600.0,
  "raum_non_discretionary": 5476395446.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 16,
  "advisory_employees": 14,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 269127441.0,
      "count": 25
    },
    "individuals": {
      "raum": 86375854.0,
      "count": 175
    },
    "banking_thrift": {
      "raum": 5476395446.0,
      "count": 51
    },
    "state_municipal": {
      "raum": 401542635.0,
      "count": 24
    },
    "insurance_companies": {
      "raum": 191397232.0,
      "count": 4,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 27046955.0,
      "count": 9
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 386479986.0,
      "count": 66
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 86618497.0,
      "count": 26
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "security_ratings_pricing",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "AR",
    "GA",
    "LA",
    "MS",
    "NJ",
    "SC",
    "TN",
    "TX"
  ],
  "websites": [
    "https://linkedin.com/company/smith-shellnut-wilson-llc",
    "https://ssw1776.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106235",
  "city_as_filed": "RIDGELAND",
  "url": "https://advisorcensus.com/firm/smith-shellnut-wilson-ridgeland-ms-106235",
  "display_name": "Smith Shellnut Wilson",
  "summary": "Smith Shellnut Wilson is an SEC-registered investment advisory firm in Ridgeland, MS, registered since 1995, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 9, 2026.",
  "citation": "AdvisorCensus. Smith Shellnut Wilson (CRD 106235): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "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)",
    "Security ratings or pricing services"
  ],
  "quick_answers": [
    {
      "q": "How is Smith Shellnut Wilson compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Smith Shellnut Wilson reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Smith Shellnut Wilson charge?",
      "a": "Its Form ADV Part 2A brochure dated July 16, 2026 states: Hourly rate: $200 an hour (time allocated to the project). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Smith Shellnut Wilson located?",
      "a": "Smith Shellnut Wilson's principal office is in Ridgeland, MS, according to its Form ADV."
    },
    {
      "q": "Is Smith Shellnut Wilson registered with the SEC or a state?",
      "a": "Smith Shellnut Wilson is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 106235."
    },
    {
      "q": "How much does Smith Shellnut Wilson manage?",
      "a": "Smith Shellnut Wilson reports $6,924,984,046 in regulatory assets under management in its Form ADV filing dated September 9, 2026 (21% discretionary)."
    },
    {
      "q": "How have Smith Shellnut Wilson's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Smith Shellnut Wilson: Regulatory assets under management: $3,911,862,280 in the October 2021 data and $6,924,984,046 in the October 2026 data, up 77%. Total employees: 12 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Smith Shellnut Wilson serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (175); high net worth individuals (66); banking or thrift institutions (51)."
    },
    {
      "q": "Which custodians does Smith Shellnut Wilson use?",
      "a": "Smith Shellnut Wilson's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC, First Horizon Bank and FNBB Capital Markets as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Smith Shellnut Wilson 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/106235"
    },
    {
      "q": "Does Smith Shellnut Wilson state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated July 16, 2026 says: \"Minimum account size is $1,000,000; however, SSW reserves the right to waive minimum account size at its sole discretion.\""
    },
    {
      "q": "What changed in Smith Shellnut Wilson's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3911862280.0,
      "total_employees": 12,
      "filing_date": "2021-04-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 6154922489.0,
      "total_employees": 13,
      "filing_date": "2022-09-27"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 7758485196.0,
      "total_employees": 15,
      "filing_date": "2023-09-18"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 7233687387.0,
      "total_employees": 16,
      "filing_date": "2024-07-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 8022382580.0,
      "total_employees": 17,
      "filing_date": "2025-06-06"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 6924984046.0,
      "total_employees": 16,
      "filing_date": "2026-09-09"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Employees performing advisory functions went from 13 to 14.",
        "No longer lists an office in Lafayette, LA."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Employees performing advisory functions went from 14 to 13."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 15 to 14.",
        "Regulatory assets under management went from $8,022,382,580 to $6,924,984,046 (-14%).",
        "No longer lists an office in Baton Rouge, LA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 16, 2026",
    "provided_by_the_firm": false,
    "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,
    "planning_fees": [
      "Hourly rate: $200 an hour (time allocated to the project)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Minimum account size is $1,000,000; however, SSW reserves the right to waive minimum account size at its sole discretion."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $200 an hour (time allocated to the project)"
        ],
        "quotes": [
          "If services are terminated after the initial five‐day period, any fees will be charged at $200 per hour for time allocated to the project and billed to client."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 200.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "time allocated to the project"
        }
      ]
    },
    "quotes": [
      "Minimum account size is $1,000,000; however, SSW reserves the right to waive minimum account size at its sole discretion.",
      "If services are terminated after the initial five‐day period, any fees will be charged at $200 per hour for time allocated to the project and billed to client."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "First Horizon Bank",
      "name_as_filed": "FIRST HORIZON BANK",
      "affiliated": false
    },
    {
      "name": "FNBB Capital Markets",
      "name_as_filed": "FNBB CAPITAL MARKETS",
      "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-shellnut-wilson-ridgeland-ms-106235.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 175,
      "fewer_than_5": false,
      "raum": 86375854.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 66,
      "fewer_than_5": false,
      "raum": 386479986.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 51,
      "fewer_than_5": false,
      "raum": 5476395446.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 27046955.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 25,
      "fewer_than_5": false,
      "raum": 269127441.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 24,
      "fewer_than_5": false,
      "raum": 401542635.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 4,
      "fewer_than_5": true,
      "raum": 191397232.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 26,
      "fewer_than_5": false,
      "raum": 86618497.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/106235",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}