AdvisorCensus / Financial advisors / Alabama / Huntsville / Smith Thornton Advisors, LLC
Smith Thornton Advisors, LLC is an SEC-registered investment advisory firm in Huntsville, AL, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 25, 2026.
Quick answers
From the filingHow is Smith Thornton Advisors, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Smith Thornton Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
Where is Smith Thornton Advisors, LLC located?
Smith Thornton Advisors, LLC's principal office is in Huntsville, AL, according to its Form ADV.
Is Smith Thornton Advisors, LLC registered with the SEC or a state?
Smith Thornton Advisors, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 312537.
How much does Smith Thornton Advisors, LLC manage?
Smith Thornton Advisors, LLC reports $852,253,140 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (86% discretionary).
How have Smith Thornton Advisors, LLC's assets and staff changed since 2021?
In the Form ADV data for Smith Thornton Advisors, LLC: Regulatory assets under management: $538,133,472 in the October 2021 data and $852,253,140 in the October 2026 data, up 58%. Total employees: 6 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Smith Thornton Advisors, LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (236); high net worth individuals (91); pension and profit sharing plans (but not the plan participants or government pension plans) (8).
Which custodians does Smith Thornton Advisors, LLC use?
Smith Thornton Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Lincoln Financial Group and Vanguard Marketing Corporation as custodians holding 10% or more of its separately managed account assets.
Does Smith Thornton Advisors, LLC 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/312537
Does Smith Thornton Advisors, LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 23, 2026 says: "STA offers investment advisory services to individuals and high net worth individuals. There is no minimum account size to open and maintain an advisory account."
What changed in Smith Thornton Advisors, LLC's recent Form ADV filings?
In the September 2026 filing data: Employees performing advisory functions went from 6 to 5.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: None
The brochure's wording
STA offers investment advisory services to individuals and high net worth individuals. There is no minimum account size to open and maintain an advisory account.
As stated in the firm's Form ADV Part 2A brochure dated March 23, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$852,253,140 as of October 2026, filing dated August 25, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 8. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
5 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $852,253,140 | 8 | August 25, 2026 |
| October 2025 | $733,591,812 | 9 | March 19, 2025 |
| October 2024 | $735,361,770 | 6 | August 14, 2024 |
| October 2023 | $663,170,861 | 7 | June 15, 2023 |
| October 2022 | $526,023,892 | 4 | March 14, 2022 |
| October 2021 | $538,133,472 | 6 | June 28, 2021 |
Regulatory assets under management: $538,133,472 in the October 2021 data and $852,253,140 in the October 2026 data, up 58%.
Total employees: 6 in October 2021 and 8 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- September 2026
- Employees performing advisory functions went from 6 to 5.
- April 2026
- Regulatory assets under management went from $733,591,812 to $852,253,140 (+16%).
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Smith Thornton Advisors, LLC (CRD 312537): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/smith-thornton-advisors-llc-huntsville-al-312537