Smithbrook, LLC

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Client assets under management

$90,216,835

Clients

100% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Very Low

Average account size

$6,014,456

About

Smithbrook primarily serves high‑net‑worth and other individual clients as well as trusts, estates, business entities, and charitable organizations, typically working with accredited investors and clients who meet a multi‑million dollar account minimum. The firm offers discretionary and non‑discretionary portfolio management, development of written investment policy statements, aggregation and consolidated reporting, and due diligence and coordination when allocating to third‑party sub‑advisers.

The firm’s investment process is individualized and policy‑driven, using qualitative analysis and quantitative modeling to set asset allocation and monitor portfolios over time. For certain accounts Smithbrook combines directly indexed equity sleeves with options and other derivative positions—and may use margin and tax‑sensitive techniques—to manage risk and portfolio characteristics, an approach that can involve higher trading activity and volatility.

What is noteworthy about Smithbrook compared with many peers is the explicit use of derivatives and options inside separately managed accounts, a practice that is relatively uncommon among supported firms. The firm also manages a small, concentrated client roster relative to its assets under management and generally limits clients to accredited investors with a $3 million minimum (subject to waiver), supporting customized solutions and standalone consolidated reporting engagements.

Client services

Portfolio management Selection of other advisers

Expertise

Options & derivatives strategies Tax-loss harvesting Concentrated stock management Private / alternative investments Wealth management

Fee options

Fixed

Fixed project fees typically $1,000 to $2,500 or more for Consolidated Reporting Services

Percentage

$0 - $3,000,000: 0.95% $3,000,001 - $6,000,000: 0.75% $6,000,001+: 0.55%

Project-based

Typically $250/hour for Consolidated Reporting Services

Other

Account minimum: $3,000,000 Minimum fee: $28,500 minimum annual fee, billed quarterly in arrears, negotiable at adviser's discretion

Main office location

Smithbrook, LLC

Bend OR, United States

Number of offices

Most active in

New York · Oregon · Washington

Disclosures

Business activities & affiliations

Is active or affiliated with:

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

LinkedIn Website (206) 234-7095

Advisors at this firm

Scott B

Series 66

Bend, OR

Smithbrook, LLC

Scott Butterfield is a financial advisor at Smithbrook, LLC with 24 years of industry experience. He holds the Series 66 designation and has previously worked at LNW Wealth Management, Laird Norton Wealth Management, and Filament, LLC. Smithbrook provides discretionary and non-discretionary investment management primarily to high-net-worth individuals, trusts, estates, business entities, and charitable organizations, typically requiring multi-million dollar relationships. The firm employs customized investment policy statements and a directly indexed equity approach with options overlays, futures, and tax-sensitive execution techniques, focusing on a concentrated client program for bespoke service.

Options & derivatives strategies Tax-loss harvesting Concentrated stock management Private / alternative investments Wealth management

Jerry P

CFA®, Series 63, Series 66

Bend, OR

Smithbrook, LLC

Jerry Peters is a CFA® charterholder with 20 years of industry experience. He has worked at Smithbrook, LLC since 2021, following prior roles at Laird Norton Wealth Management and Filament, LLC. Smithbrook provides discretionary and non-discretionary investment management primarily to high-net-worth individuals, trusts, estates, business entities, and charitable organizations, typically requiring multi-million dollar relationships. The firm offers customized investment policy statements and employs a directly indexed equity approach with an options overlay, incorporating derivatives and tax-sensitive execution techniques in its portfolio management.

Options & derivatives strategies Tax-loss harvesting Concentrated stock management Private / alternative investments Wealth management

Michael O

Series 63, Series 65

Bend, OR

Smithbrook, LLC

Michael O'hara is a financial advisor at Smithbrook, LLC with Series 63 and Series 65 licenses and two years of industry experience. Prior to joining Smithbrook in 2023, he worked at Kaizure, where he continues to provide consulting and advisory services to hedge funds and family investment offices on trading operations, fintech solutions, and personnel programs. Smithbrook, LLC offers discretionary and non-discretionary investment management primarily to high-net-worth individuals and entities, focusing on customized investment policy statements and tailored asset allocations. The firm employs a directly indexed equity approach combined with options overlays and tax-sensitive execution techniques within a concentrated client program.

Options & derivatives strategies Tax-loss harvesting Concentrated stock management Private / alternative investments Wealth management

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