Smith Securities LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$0
Total clients
181
20% high-net worth
Total advisors
2
of 3 employees
Firm size
Supported
1-3 advisors or $200M+ in AUM
Average clients per advisor
91
Average account size
$0
About
Smith Securities provides advisory services to individual and high‑net‑worth clients through portfolio analysis, financial consulting, and by directing clients to third‑party investment advisers. The firm offers a one‑time portfolio “MRI” diagnostic and both project‑based and ongoing financial planning, while it does not manage assets internally and instead advises on assets managed by outside managers (approximately $58 million as of December 2024).
The firm’s investment approach draws on fundamental analysis and modern portfolio theory and emphasizes long‑term trading and tailored recommendations, including the use of model allocations to match clients’ risk tolerance and goals. Smith Securities conducts due diligence before referring clients to third‑party advisers, requires clients to use a specified custodian arrangement with Matson Money, and does not exercise discretionary trading authority over client accounts.
What distinguishes the firm from many peers is its combination of referral‑based portfolio management and adjacent business relationships: the owner is a licensed insurance agent who may offer commissionable insurance products, and the firm has a joint venture with Reliance Accounting and Tax Services through which it may share in fees for tax/accounting work. Operationally, Smith Securities also notes it does not aggregate trades for multiple clients and receives compensation from third‑party advisers it directs clients to, creating potential conflicts of interest that it discloses.
Client services
Fee options
Portfolio MRI service: one-time fixed fee of $500 (negotiable); Financial consulting services: fixed fees up to $10,000 for one-time plans and up to $3,000/year for ongoing plans
$0 - $500,000: 0.95% $500,001 - $1,000,000: 0.95% $1,000,001 - $4,000,000: 0.45% $4,000,001+: 0.20%
Up to $250/hour
Fee-only: Portfolio MRI service: one-time fixed fee of $500 (negotiable); Financial consulting services: fixed fees up to $10,000 for one-time plans and up to $3,000/year for ongoing plans; Hourly fees up to $250/hour
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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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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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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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.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Main office location
Smith Securities LLC
Covington LA, United States
Number of offices
4
Forms ADV
Quick links
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