Cale Smith has been CEO of Bastion Fiduciary since May 2024, is a control person of the firm and directly owns 75% or more of it. Cale Smith holds an MBA from the College of William & Mary. Cale Smith studied at U.S. Coast Guard Academy.
Bastion Fiduciary, LLC is a firm with $125M under management, 242 clients and 6 advisers in one office, as of its April 2026 filing.
Cale Smith is Chief Executive Officer and Portfolio Manager of Bastion Fiduciary. He is the firm's founder and manages the Bastion Energy ETF. In 2008 he founded Islamorada Investment Management, which became Bastion Fiduciary in 2024 upon acquiring another Registered Investment Adviser. Earlier he was an analyst at a number of investment firms and equity research companies.
Cale Smith’s longest registration was 16 years at Islamorada Investment Management, LLP (2008–2025). Before joining Bastion Fiduciary in 2025, Cale Smith was registered through Islamorada Investment Management, LLP.
- Bastion FiduciaryCurrent– present · 1 yearIslamorada, FL · Adviser representative · Firm CRD 333420
- Islamorada Investment Management, LLP– · 16 yearsIslamorada, FL · Adviser representative · Firm CRD 146930
Investment adviser representative registrations
Cale Smith is registered as an investment adviser representative in 2 states. The first approvals date from February 2025; the most recent is Florida, in April 2025.
- FloridaSince 9 April 2025
- TexasSince 11 February 2025
Examinations
| Exam | Name | Passed |
|---|---|---|
| Series 65 | Uniform Investment Adviser Law Examination | 7 August 2008 |
- Name
- Uniform Investment Adviser Law Examination
- Full name
- Cale Michael Smith
- CRD
- 5525448
- Firm
- Bastion Fiduciary · CRD 333420
- Role
- CEO
- Office
- Islamorada, FL
- Registration
- Investment adviser registration
- In the industry since
- August 2008
- Disciplinary history
- Not yet shown here · SEC record
- Firm bio
- lastbastion.com
Where does Cale Smith work?
Cale Smith has been CEO of Bastion Fiduciary, LLC since May 2024, and is a control person of the firm.
Is Cale Smith a financial advisor?
Yes. Cale Smith has a current investment-adviser registration in Florida and Texas, through Bastion Fiduciary since February 2025.
How many years of experience does Cale Smith have?
Cale Smith has 18 years in the financial industry, since August 2008, across 2 adviser firms.
What exams has Cale Smith passed?
Cale Smith passed the Series 65 in August 2008.
Where is Cale Smith based?
Cale Smith’s registered office is in Islamorada, FL.
Is Cale Smith registered with FINRA?
No. Cale Smith has no current broker registration.
How can I verify Cale Smith’s record?
Search CRD 5525448 on the SEC’s adviser search (adviserinfo.sec.gov), which publishes Cale Smith’s full registration record.