{"url":"https://nivawealth.com/firms/l-and-w-financial-285310","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/285310","regulatoryAum":207487000,"crd":"285310","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7370406","suffix":null,"lastName":"Dugan","firstName":"Kevin","middleName":"Thomas"},{"crd":"7349385","suffix":null,"lastName":"Eberts","firstName":"Samuel","middleName":"Ignacio"},{"crd":"7164471","suffix":null,"lastName":"McGee","firstName":"Eddie","middleName":"Joe"},{"crd":"8192190","suffix":null,"lastName":"Mercer","firstName":"Gabriel","middleName":"Shea"},{"crd":"7816195","suffix":null,"lastName":"Quntar","firstName":"Noura","middleName":"Osama Adel"},{"crd":"6919005","suffix":null,"lastName":"Smith","firstName":"Nicholas","middleName":"Scott"},{"crd":"6017936","suffix":null,"lastName":"SMITH","firstName":"WADE","middleName":null},{"crd":"6083859","suffix":null,"lastName":"SOLTOW","firstName":"WILLIAM","middleName":"JEFFREY"}],"total":8,"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":"2024-06-17","regulatoryAum":119845319,"clients":586,"employees":8,"offices":6},{"filedOn":"2025-07-28","regulatoryAum":158577226,"clients":644,"employees":8,"offices":6},{"filedOn":"2026-07-13","regulatoryAum":207487000,"clients":724,"employees":9,"offices":5}],"secFileNumber":"801-128977","legalName":"L & W Financial, LLC","displayName":"L & W Financial","slug":"l-and-w-financial-285310","website":"https://smithwyatt.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/smithwyatt/? viewAsMember=true","founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"511 University DR. E, Suite 210","city":"College Station","state":"TX","stateName":"Texas","country":"United States","postalCode":"77840"},"tradeNames":["Dugan Brown","Frontier Wealth Management"],"registration":{"secApproved":"27 October 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":286584.2541436464,"staff":{"employees":9,"advisory":8,"brokerDealerReps":0,"insuranceAgents":8,"promoters":0},"aum":{"regulatory":207487000,"discretionary":201287000,"discretionaryAccounts":723,"nonDiscretionary":6200000,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":8},"clientTypes":[{"label":"Individuals (other than HNW)","clients":691,"regulatoryAum":149297000},{"label":"High-net-worth individuals","clients":33,"regulatoryAum":58190000}],"feePrograms":[{"role":"other","program":"Estate Planning Consulting","summary":"Estate planning consulting is a one-time flat fee of $0 to $600, charged on signing the client agreement.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051503","versionId":1051503,"submittedOn":"2026-07-13","documentName":"FORM ADV PART 2A"},{"role":"other","program":"Financial Planning","summary":"Financial planning is a fixed fee that varies by client and is negotiable; single-subject planning or consulting is billed hourly at $200.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051503","versionId":1051503,"submittedOn":"2026-07-13","documentName":"FORM ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T15:34:55.778366+00:00","documents":[{"name":"FORM ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051503","versionId":1051503,"submittedOn":"2026-07-13"}]},"custodians":[{"name":"Capital Client Group, Inc.","shortName":"Capital Client Group","location":"Los Angeles, CA","smaAssets":78203159},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":126535634}],"custodyNote":"L & W Financial does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Noura Quntar","title":"CCO","crd":"7816195"},{"name":"Wade Smith","title":"Managing Member","crd":"6017936"},{"name":"Elizabeth Smith","title":"Member","crd":"6705770"}],"ownership":[{"label":"Wade Smith","detail":"Managing member in the 50% to 75% ownership band and a control person, since March 2004."},{"label":"Elizabeth Smith","detail":"Member in the 50% to 75% ownership band and a control person, since March 2004."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":4,"privateResidences":1},"listedOfficeAddresses":4,"foreignOffices":[],"officesByState":[{"state":"Ohio","offices":1,"addresses":[{"street":"655 Metro Place South","city":"Dublin"}]},{"state":"Texas","offices":3,"addresses":[{"street":"511 University DR. E, Suite 210","city":"College Station","headquarters":true},{"street":"3210 N Frazier St","city":"Conroe"},{"street":"2405 Texas Ave","city":"College Station"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"979-431-5440","stateRegisteredReps":8,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Other"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":10},{"label":"Securities issued by registered investment companies or business development companies","percent":87},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"13 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/285310/PDF/285310.pdf","brochureDate":"13 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051503","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 L & W Financial have?","answer":"L & W Financial has 724 clients and manages $207 million for them, as of July 2026. They include 691 individual clients and 33 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 13 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does L & W Financial offer?","answer":"L & W Financial provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does L & W Financial use?","answer":"L & W Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $127M and Capital Client Group, Inc. (Los Angeles, CA), with $78.2M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does L & W Financial have?","answer":"L & W Financial has 8 investment adviser representatives registered with state securities authorities, out of 9 employees, and 8 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 8 employees are 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 L & W Financial invest in?","answer":"At the end of its last fiscal year, L & W Financial’s separately managed accounts held 87% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities and 3% 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":"Who owns L & W Financial?","answer":"L & W Financial’s direct owners are Wade Smith (50% to 75%) and Elizabeth Smith (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 13 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does L & W Financial get paid?","answer":"L & W Financial is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 L & W Financial?","answer":"L & W Financial’s main office is at 511 University DR. E, Suite 210, College Station, TX 77840. Its phone number is 979-431-5440. Its website is smithwyatt.com.","source":"Form ADV Part 1A, Item 1.F, filed 13 July 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."}