# Wilbanks, Smith & Thomas Asset Management, LLC

> Wilbanks, Smith & Thomas Asset Management, LLC is an exempt reporting adviser in Norfolk, VA, filing reports since 2025. Exempt reporting advisers do not report regulatory assets under management on Form ADV.

- CRD: 106060
- Filed as: WILBANKS, SMITH & THOMAS ASSET MANAGEMENT, LLC
- Reporting status: Exempt reporting adviser (status as filed: ERA - Active)
- Location: Norfolk, VA
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/106060
- AdvisorCensus page: https://advisorcensus.com/firm/wilbanks-smith-and-thomas-asset-management-llc-norfolk-va-106060

## Quick answers

**Where is Wilbanks, Smith & Thomas Asset Management, LLC located?**
Wilbanks, Smith & Thomas Asset Management, LLC's principal office is in Norfolk, VA, according to its Form ADV.

**How does Wilbanks, Smith & Thomas Asset Management, LLC report to regulators?**
Wilbanks, Smith & Thomas Asset Management, LLC is an exempt reporting adviser, filing reports since 2025. Exempt reporting advisers file a shorter Form ADV. Status as filed: ERA - Active. CRD 106060.

**How have Wilbanks, Smith & Thomas Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Wilbanks, Smith & Thomas Asset Management, LLC: Regulatory assets under management: $4,014,207,769 in the October 2021 data and $190,845,217 in the October 2024 data, down 95%. Total employees: 45 in October 2021 and 8 in October 2024. Assets under management move with markets as well as with clients coming and going.

**Does Wilbanks, Smith & Thomas Asset Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/106060

## From the Form ADV filing

### Firm details
- Reporting since: 2025 (1 year)
- Employees: Not reported total, Not reported performing advisory functions
- Wrap fee program participation: Not reported
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- wstam.com
- Facebook @WSTAssetManagement

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,014,207,769 | 45 | March 29, 2021 |
| October 2022 | $4,970,407,163 | 46 | March 17, 2022 |
| October 2023 | $4,754,536,565 | 45 | March 31, 2023 |
| October 2024 | $190,845,217 | 8 | May 1, 2024 |
| October 2025 | Not reported | Not reported | February 14, 2025 |
| October 2026 | Not reported | Not reported | March 12, 2026 |

Regulatory assets under management: $4,014,207,769 in the October 2021 data and $190,845,217 in the October 2024 data, down 95%.
Total employees: 45 in October 2021 and 8 in October 2024.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wilbanks, Smith & Thomas Asset Management, LLC (CRD 106060): Form ADV filing data as of October 2026.