S
Smith & Associates Financial Services, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$1,109,632
Clients
17
0% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
17
LowAverage account size
$65,272
About
Smith & Associates Financial Services advises individuals, families, trusts, retirement plan sponsors, and foundations, providing client-tailored financial consulting, planning, and separately managed account (SMA) portfolio management on a discretionary or non-discretionary basis. The firm also acting as investment adviser to an affiliated private limited partnership, Jelly Bean Genesis Fund, L.P., in addition to managing individual client accounts.
The firm’s SMA work begins with an individualized investment policy statement and ongoing monitoring with monthly, quarterly, and annual reviews to align asset mix and risk tolerance with client goals. In managing the affiliated Partnership, the adviser describes an active, opportunistic trading program that uses long, intermediate and short positions, options and hedging, and emphasizes risk-management metrics such as drawdown control in portfolio construction.
Smith & Associates is atypical for a solo independent adviser because it both sponsors and advises a private pooled vehicle while maintaining a retail SMA practice, and the affiliated general partner receives incentive allocations tied to Partnership performance — a conflict expressly disclosed in the brochure. The firm is small in scale (about $1.1 million in client assets across roughly 17 clients) and its principal also operates QuantVantagePro, an algorithmic research newsletter, and provides separate consulting services, all of which are disclosed as additional business activities.
Client services
Portfolio management
Expertise
Options & derivatives strategies
Active portfolio management
Concentrated stock management
Fee options
$0 - $1 million: 1.0% annually $1 million - $2.5 million: 0.75% annually $2.5 million+: 0.5% annually
Account minimum: $50,000
Main office location
Smith & Associates Financial Services, LLC
Chanhassen MN, United States
Number of offices
1
Most active in
Smith & Associates Financial Services, LLC has reported serving >5 clients in these states in the last 12 months.
Minnesota
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
Forms ADV
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