Sheets Smith Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, estate planning, and retirement plan services. Financial planning was provided to 11–25 clients last fiscal year.
Sheets Smith Wealth Management reports 423 clients. They include 208 individual clients, 174 high-net-worth individuals and 16 other investment advisers. Of its assets, 100.0% ($1.37B across 1,070 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 49% | 5% |
| High-net-worth individuals | 41% | 86% |
| Pension and profit-sharing plans | 1% | 2% |
| Charitable organizations | 1% | 1% |
| Other investment advisers | 4% | <1% |
| Other client typesCorporations and other businesses | 4% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 208 | $73M | 5.4% | $351K |
| High-net-worth individuals | 174 | $1.17B | 85.8% | $6.73M |
| Pension and profit-sharing plans | 5 | $22.3M | 1.6% | $4.46M |
| Charitable organizations | 5 | $17.9M | 1.3% | $3.57M |
| Other investment advisers | 16 | $11.1M | 0.8% | $693K |
| Corporations and other businesses | 15 | $69.7M | 5.1% | $4.65M |
| Total | 423 | $1.37B | 100% | $3.23M |
- Clients
- 208
- Regulatory AUM
- $73M
- AUM share
- 5.4%
- Avg. per client
- $351K
- Clients
- 174
- Regulatory AUM
- $1.17B
- AUM share
- 85.8%
- Avg. per client
- $6.73M
- Clients
- 5
- Regulatory AUM
- $22.3M
- AUM share
- 1.6%
- Avg. per client
- $4.46M
- Clients
- 5
- Regulatory AUM
- $17.9M
- AUM share
- 1.3%
- Avg. per client
- $3.57M
- Clients
- 16
- Regulatory AUM
- $11.1M
- AUM share
- 0.8%
- Avg. per client
- $693K
- Clients
- 15
- Regulatory AUM
- $69.7M
- AUM share
- 5.1%
- Avg. per client
- $4.65M
Total
- Clients
- 423
- Regulatory AUM
- $1.37B
- AUM share
- 100%
- Avg. per client
- $3.23M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Sheets Smith Wealth Management charges 0.50%–1.00% a year for its Fees and Compensation. The fee is billed in arrears, is negotiable and requires an account of at least $500,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Non-advisory professional services
- Advisors may charge hourly fees for professional services that are not investment advisory in nature. The brochure states no rate.
John Sheets owns 25% to 50% of Sheets Smith Wealth Management. The leadership team of Sheets Smith Wealth Management includes President Paul Anthony and Chief Compliance Officer Allison Hewett. It has 15 employees, 11 of them in advisory roles.
Leadership
- Paul AnthonyPresident
- Allison HewettChief Compliance Officer
- John SheetsChairman
- Trent SheetsWealth Manager
- Stephen SheetsMinority Owner
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
- Paul Thomas Anthony
- Thomas Edward Cartee JR
- Jeffrey Merrill Christopher
- Geoffrey Winston Dann
- Robert Emerson Pike
- Phu Minh Roy O
- Mary Caroline Shamburg
- John Richard Sheets
- Trent Ryan Sheets
- Ntina Karagiannis Skoteiniadis
Staff
- 15 employees
- 11 in advisory functions
- 11 state-registered reps
- Owns 25% to 50% of Sheets Smith Wealth Management
John Sheets
Control person · since September 1982
- Owns 25% to 50% of Sheets Smith Wealth Management
Trent Sheets
Control person · since May 2013
- Owns 25% to 50% of Sheets Smith Wealth Management
Stephen Sheets
Control person · since December 2015
Sheets Smith Wealth Management’s regulatory assets grew from $999M (March 2021) to $1.37B (March 2026); clients rose from 321 to 423 and employees from 13 to 15.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $1.37B | 423 | 15 | 3 |
| Mar 2025March 2025 | $1.24B | 411 | 17 | 2 |
| Feb 2024February 2024 | $1.07B | 359 | 15 | 2 |
| Mar 2023March 2023 | $965M | 339 | 14 | 2 |
| Mar 2022March 2022 | $1.14B | 331 | 14 | 2 |
| Mar 2021March 2021 | $999M | 321 | 13 | 2 |
Besides its headquarters, Sheets Smith Wealth Management has 2 offices (1 private residence, listed without an address), with 2 listed addresses across 2 states.
Georgia · 1 listed address
- 1100 Peachtree St., Ne, Atlanta
North Carolina · 1 listed address
- 120 Club Oaks Court, Suite 200, Winston SalemHQ
Contact and registration details
- Legal name
- Sheets Smith Wealth Management
- Headquarters
- 120 Club Oaks Court, Suite 200, Winston Salem, NC 27104-4680
- Website
- sheetssmith.com
- Phone
- 336-765-2020
- SEC file
- 801-31437
- Founded
- 1982
- Structure
- North Carolina corporation
- Fiscal year end
- December
Sheets Smith Wealth Management’s named custodians for separately managed accounts are Charles Schwab ($737M, 66%), Wells Fargo Clearing Services ($223M, 20%) and Fifth Third Securities ($164M, 15%). Sheets Smith Wealth Management has custody of $315M for 137 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $737M66%
- Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · St. Louis, MO · $223M20%
- Fifth Third SecuritiesFifth Third Securities, Inc. · Cincinnati, OH · $164M15%
At year end, Sheets Smith Wealth Management’s separately managed accounts were mostly in stocks (68%) and funds (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1B across 408 positions; the largest are Vanguard Index Fds (5.0%), iShares TR (4.3%) and Alphabet Inc. (3.3%).
What the accounts hold
- Stocks68%
- Funds19%
- Registered funds16%
- Pooled vehicles3%
- Bonds3%
- U.S. government and agency bonds2%
- State and local bonds1%
- Cash8%
- Other2%
- Indiv private equity, art, notes receivable, private debt, direct real estate investments2%
Reported 13F holdings
- $1B
- Reported 13F value
- 408
- Positions
- 27.3%
- In the 10 largest
- +12.6%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs5.0%
- iShares TR · Core S&P500 ETF4.3%
- Alphabet Inc. · Cap Stk CL C3.3%
- American Centy ETF TR · Avan Tota EQ ETF2.6%
- Coca Cola CO2.6%
- Schwab Strategic TR · US Lrg Cap ETF2.1%
- Invesco Qqq TR · Unit Ser 12.0%
- Amazon Com Inc.2.0%
- Eli Lilly & CO1.7%
- SPDR Series Trust · ST Str P500etf1.6%
Together, the ten largest are 27.3% of reported value.
How many clients does Sheets Smith Wealth Management have?
Sheets Smith Wealth Management has 423 clients and manages $1.37 billion for them, as of March 2026. They include 208 individual clients, 174 high-net-worth individuals and 16 other investment advisers.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Sheets Smith Wealth Management offer?
Sheets Smith Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, estate planning, and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Sheets Smith Wealth Management charge?
Sheets Smith Wealth Management charges 0.50%–1.00% a year for its Fees and Compensation. The fee is billed in arrears, is negotiable and requires an account of at least $500,000.
Which custodians does Sheets Smith Wealth Management use?
Sheets Smith Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $737M, Wells Fargo Clearing Services, LLC (St. Louis, MO), with $223M and Fifth Third Securities, Inc. (Cincinnati, OH), with $164M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Sheets Smith Wealth Management have?
Sheets Smith Wealth Management has 11 investment adviser representatives registered with state securities authorities, out of 15 employees, and 11 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
What does Sheets Smith Wealth Management invest in?
At the end of its last fiscal year, Sheets Smith Wealth Management’s separately managed accounts held 68% exchange-traded equities, 16% registered funds (mutual funds, ETFs, BDCs), 8% cash and equivalents, 3% pooled vehicles (private funds and similar), 2% U.S. government and agency bonds, 2% other and 1% state and local bonds. The 2% other category is described as: Indiv Private Equity, Art, Notes Receivable, Private Debt, Direct Real Estate Investments.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Sheets Smith Wealth Management have a minimum investment?
Yes, Sheets Smith Wealth Management’s minimum account size for its Fees and Compensation is $500K.
Who owns Sheets Smith Wealth Management?
Sheets Smith Wealth Management’s direct owners are John Sheets, Trent Sheets and Stephen Sheets, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Sheets Smith Wealth Management get paid?
Sheets Smith Wealth Management is paid through a percentage of assets under management and fixed fees. 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
How do I contact Sheets Smith Wealth Management?
Sheets Smith Wealth Management’s main office is at 120 Club Oaks Court, Suite 200, Winston Salem, NC 27104-4680. Its phone number is 336-765-2020. Its website is sheetssmith.com.