# Smith Shellnut Wilson

> 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.

- CRD: 106235
- Filed as: SMITH SHELLNUT WILSON
- Legal name: Smith Shellnut Wilson LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Ridgeland, MS
- Filing period: October 2026
- Form ADV filing dated: September 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106235
- AdvisorCensus page: https://advisorcensus.com/firm/smith-shellnut-wilson-ridgeland-ms-106235

## Quick answers

**How is Smith Shellnut Wilson compensated?**
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).

**Where is Smith Shellnut Wilson located?**
Smith Shellnut Wilson's principal office is in Ridgeland, MS, according to its Form ADV.

**Is Smith Shellnut Wilson registered with the SEC or a state?**
Smith Shellnut Wilson is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 106235.

**How much does Smith Shellnut Wilson manage?**
Smith Shellnut Wilson reports $6,924,984,046 in regulatory assets under management in its Form ADV filing dated September 9, 2026 (21% discretionary).

**How have Smith Shellnut Wilson's assets and staff changed since 2021?**
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.

**What types of clients does Smith Shellnut Wilson serve?**
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).

**Which custodians does Smith Shellnut Wilson use?**
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.

**Does Smith Shellnut Wilson report any disciplinary disclosures?**
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

**Does Smith Shellnut Wilson state an account minimum?**
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."

**What changed in Smith Shellnut Wilson's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated July 16, 2026)

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

> Minimum account size is $1,000,000; however, SSW reserves the right to waive minimum account size at its sole discretion.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC
- First Horizon Bank
- FNBB Capital Markets

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: $6,924,984,046
- Discretionary: $1,448,588,600
- Non-discretionary: $5,476,395,446

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 175 | $86,375,854 |
| High net worth individuals | 66 | $386,479,986 |
| Banking or thrift institutions | 51 | $5,476,395,446 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 9 | $27,046,955 |
| Charitable organizations | 25 | $269,127,441 |
| State or municipal government entities (including government pension plans) | 24 | $401,542,635 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 4 | $191,397,232 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 26 | $86,618,497 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1995 (31 years)
- Employees: 16 total, 14 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, GA, LA, MS, NJ, SC, TN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- ssw1776.com
- LinkedIn @smith-shellnut-wilson-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,911,862,280 | 12 | April 30, 2021 |
| October 2022 | $6,154,922,489 | 13 | September 27, 2022 |
| October 2023 | $7,758,485,196 | 15 | September 18, 2023 |
| October 2024 | $7,233,687,387 | 16 | July 11, 2024 |
| October 2025 | $8,022,382,580 | 17 | June 6, 2025 |
| October 2026 | $6,924,984,046 | 16 | September 9, 2026 |

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.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### July 2026
- Employees performing advisory functions went from 13 to 14.
- No longer lists an office in Lafayette, LA.

### June 2026
- Employees performing advisory functions went from 14 to 13.

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Smith Shellnut Wilson (CRD 106235): Form ADV filing data as of October 2026.