Smith Asset Management Co., LLC

Smith Asset Management Co., LLC provides discretionary portfolio management and advisory consulting to individuals (including high‑net‑worth clients), pension and profit‑sharing plans, trusts, estates, charitable organizations, corporations, and other business entities. The firm offers tailored investment advice and ongoing account monitoring, with services structured around each client’s objectives and risk tolerance.

Smith typically constructs customized portfolios with an emphasis on preferred stocks and corporate bonds and employs a mix of analytic approaches—fundamental and technical analysis, cyclical analysis, modern portfolio theory, long‑ and short‑term strategies, and option writing—selected to suit individual client needs. Accounts are monitored on an ongoing basis with at least annual reviews, and the brochure notes that tax considerations are not the firm’s primary focus, so clients are encouraged to consult tax professionals.

Noteworthy aspects include a disclosed affiliation through common ownership with Smith Law Firm, LLC, and a stated practice of recommending that affiliate’s legal services when legal work is needed, which the firm identifies as a potential conflict of interest. The brochure also discloses a past administrative proceeding in 2012 for late financial filings that was resolved by filing the required statements and paying an administrative fine, and describes operational practices such as acting as paying agent and using standing letters of authorization that clients should review.