{"url":"https://nivawealth.com/firms/bonner-and-smith-114287","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/114287","regulatoryAum":314766006,"crd":"114287","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4460700","suffix":null,"lastName":"BONNER","firstName":"RAYMOND","middleName":"KEITH"},{"crd":"7678166","suffix":null,"lastName":"Pitts","firstName":"Rusti","middleName":"Dawn"},{"crd":"3074054","suffix":null,"lastName":"SMITH","firstName":"SUSAN","middleName":"DENISE"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-18","regulatoryAum":202626111,"clients":238,"employees":2,"offices":1},{"filedOn":"2022-03-15","regulatoryAum":229343130,"clients":251,"employees":2,"offices":1},{"filedOn":"2023-03-15","regulatoryAum":207635463,"clients":256,"employees":3,"offices":1},{"filedOn":"2024-01-26","regulatoryAum":230350390,"clients":268,"employees":3,"offices":1},{"filedOn":"2025-02-18","regulatoryAum":262323428,"clients":280,"employees":3,"offices":1},{"filedOn":"2026-03-05","regulatoryAum":314766006,"clients":300,"employees":3,"offices":1}],"secFileNumber":"801-81163","legalName":"Bonner & Smith, LLC","displayName":"Bonner & Smith","slug":"bonner-and-smith-114287","website":"https://bonner-smith.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"1996","organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"5308 114th St","city":"Lubbock","state":"TX","stateName":"Texas","country":"United States","postalCode":"79424"},"tradeNames":[],"registration":{"secApproved":"18 March 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1049220.02,"staff":{"employees":3,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":314766006,"discretionary":314766006,"discretionaryAccounts":1044,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":189,"regulatoryAum":57976751},{"label":"High-net-worth individuals","clients":111,"regulatoryAum":256789255}],"feePrograms":[{"role":"main","program":"Management Fees for assets under management","feeBasis":"marginal","fee_tiers":[{"to":250000,"pct":1.5,"from":0},{"to":500000,"pct":1.1,"from":250000},{"to":1500000,"pct":0.8,"from":500000},{"to":3000000,"pct":0.7,"from":1500000},{"to":5000000,"pct":0.6,"from":3000000},{"to":10000000,"pct":0.5,"from":5000000},{"to":null,"pct":0.4,"from":10000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014926","versionId":1014926,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-05","documentName":"ADV PART2A","fee_rate_low":0.4,"fee_rate_high":1.5,"fee_negotiable":false,"minimum_account":1000000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Income Only Portfolio","summary":"Income Only Portfolios are charged annually at .75% on the first $500,000, .60% on the next $1,500,000 and .50% above $2,000,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014926","versionId":1014926,"submittedOn":"2026-03-05","documentName":"ADV PART2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:33:59.885002+00:00","documents":[{"name":"ADV PART2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014926","versionId":1014926,"submittedOn":"2026-03-05"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Wilmington, DE","smaAssets":309736354}],"custodyNote":"Bonner & Smith does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Susan Smith","title":"Managing Member and Chief Compliance Officer","crd":"3074054"},{"name":"Raymond Bonner","title":"Managing Member","crd":"4460700"}],"ownership":[{"label":"Raymond Bonner","detail":"Managing member in the 50% to 75% ownership band and a control person, since January 2007."},{"label":"Susan Smith","detail":"Managing member and chief compliance officer in the 50% to 75% ownership band and a control person, since January 2007."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"5308 114th St","city":"Lubbock","headquarters":true}]}],"brochureServices":["tax preparation"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"806-798-1880","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"251-500","assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":98},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"5 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/114287/PDF/114287.pdf","brochureDate":"5 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014926","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Bonner & Smith have?","answer":"Bonner & Smith has 300 clients and manages $315 million for them, as of March 2026. They include 189 individual clients and 111 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 5 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Bonner & Smith offer?","answer":"Bonner & Smith provides financial planning, portfolio management for individuals and small businesses, and tax preparation.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Bonner & Smith charge?","answer":"Bonner & Smith charges 0.40%–1.50% a year for its Management Fees for assets under management. Each asset band is charged at its own rate. The fee is billed in advance, is not negotiable and requires an account of at least $1,000,000.","source":"ADV PART2A, filed 5 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Bonner & Smith use?","answer":"Bonner & Smith’s separately managed account assets are held at Fidelity Brokerage Services LLC (Wilmington, DE), with $310M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Bonner & Smith have?","answer":"Bonner & Smith has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Bonner & Smith invest in?","answer":"At the end of its last fiscal year, Bonner & Smith’s separately managed accounts held 98% registered funds (mutual funds, ETFs, BDCs), 1% exchange-traded equities and 1% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Bonner & Smith have a minimum investment?","answer":"Yes, Bonner & Smith’s minimum account size for its Management Fees for assets under management is $1M.","source":"ADV PART2A, filed 5 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Bonner & Smith?","answer":"Bonner & Smith’s direct owners are Raymond Bonner (50% to 75%) and Susan Smith (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 5 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Bonner & Smith get paid?","answer":"Bonner & Smith is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Bonner & Smith?","answer":"Bonner & Smith’s main office is at 5308 114th St, Lubbock, TX 79424. Its phone number is 806-798-1880. Its website is bonner-smith.com.","source":"Form ADV Part 1A, Item 1.F, filed 5 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}