Robert Stephen Capital Management LLC

Robert Stephen Capital Management (d/b/a SMS) provides investment advisory and financial planning services to individuals, high‑net‑worth clients, and institutional clients such as pension and profit‑sharing plans, foundations, and charities. Services include portfolio development and monitoring on both discretionary and non‑discretionary bases, plus written financial plans and hourly consulting engagements.

The firm implements diversified portfolios using mutual funds, ETFs, individual stocks and bonds and employs a mix of analysis techniques (fundamental, technical, charting and cyclical) with strategies that range from long‑term investing to trading, options and margin when appropriate. SMS also allocates to third‑party managers and sub‑advisors for separate‑account management and coordinates block trading and custodial execution through its chosen custodians.

Two features that distinguish SMS from many peers are its use of performance‑based fees on certain accounts and the fact that some of its investment adviser representatives are licensed insurance agents who may receive commissions on insurance sales; the brochure describes these as conflicts the firm manages through disclosure, policies and a code of ethics. The firm also operates as a platform for IARs to use different trade names and to recommend TPMs, creating a hybrid model combining advisor‑driven practices with third‑party manager relationships.