SMH Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and pension consulting.
SMH Capital Advisors reports 171 clients. They include 161 individual clients, 6 high-net-worth individuals and 2 investment companies. Of its assets, 100.0% ($503M across 171 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $96M. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 94% | 6% |
| High-net-worth individuals | 4% | 2% |
| Investment companies | 1% | 20% |
| Pension and profit-sharing plans | 0% | 70% |
| Insurance companies | 1% | 3% |
| Other client typesCorporations and other businesses | 0% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 161 | $28.3M | 5.6% | $176K |
| High-net-worth individuals | 6 | $9.47M | 1.9% | $1.58M |
| Investment companies | 2 | $98.1M | 19.5% | $49.1M |
| Pension and profit-sharing plans | Fewer than 5 | $350M | 69.5% | — |
| Insurance companies | Fewer than 5 | $13.1M | 2.6% | $6.54M |
| Corporations and other businesses | Fewer than 5 | $4.4M | 0.9% | — |
| Total | 171 | $503M | 100% | — |
- Clients
- 161
- Regulatory AUM
- $28.3M
- AUM share
- 5.6%
- Avg. per client
- $176K
- Clients
- 6
- Regulatory AUM
- $9.47M
- AUM share
- 1.9%
- Avg. per client
- $1.58M
- Clients
- 2
- Regulatory AUM
- $98.1M
- AUM share
- 19.5%
- Avg. per client
- $49.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $350M
- AUM share
- 69.5%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $13.1M
- AUM share
- 2.6%
- Avg. per client
- $6.54M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.4M
- AUM share
- 0.9%
- Avg. per client
- —
Total
- Clients
- 171
- Regulatory AUM
- $503M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
SMH Capital Advisors is paid through a percentage of assets under management, hourly charges and commissions; its fees and minimums are set out in its brochures on the SEC website.
Moyers Organization, LLC owns 75% or more of SMH Capital Advisors and is in turn owned by Dwayne Moyers (75% or more). The leadership team of SMH Capital Advisors includes President Lisa Haley and Chief Investment Officer Dwayne Moyers. It has 7 employees, 2 of them in advisory roles.
Staff
- 7 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 broker-dealer reps
- 2 insurance agents
- Owns 75% or more of SMH Capital Advisors LLC
Moyers Organization, LLC
Control person · since July 2017
- Owns 75% or more of Moyers Organization, LLC
Dwayne Moyers
Control person · since July 2017
SMH Capital Advisors’ regulatory assets grew 1.6× from $323M (March 2021) to $503M (September 2026); clients fell from 285 to 171 and employees from 8 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $503M | 171 | 7 | 2 |
| Mar 2025March 2025 | $420M | 186 | 4 | 2 |
| Apr 2024April 2024 | $395M | 220 | 4 | 2 |
| Jun 2023June 2023 | $371M | 247 | 3 | 2 |
| Mar 2022March 2022 | $427M | 429 | 8 | 2 |
| Mar 2021March 2021 | $323M | 285 | 8 | 2 |
Besides its headquarters, SMH Capital Advisors has 1 office, with 2 listed addresses in 1 state.
Texas · 2 listed addresses
- 101 York Ave., WeatherfordHQ
- 165 S. Kimball Ave., Southlake
Contact and registration details
- Legal name
- SMH Capital Advisors LLC
- Headquarters
- 101 York Ave., Weatherford, TX 76086
- Website
- Not reported
- Phone
- 817-569-7000
- SEC file
- 801-54089
- Structure
- Texas LLC
- Fiscal year end
- December
SMH Capital Advisors’ named custodian for separately managed accounts is State Street Global Advisors Funds Distributors ($339M). SMH Capital Advisors does not have custody of client assets.
- State Street Global Advisors Funds DistributorsState Street Global Advisors Funds Distributors, LLC · Boston, MA · $339M100%
At year end, SMH Capital Advisors’ separately managed accounts were mostly in bonds (89%). Its reported 13F holdings for the quarter ended 30 June 2026 total $25.5M across 54 positions; the largest are Trinity Cap Inc. (11.9%), Capital Southwest Corp. (7.5%) and Vici Pptys Inc. (5.6%).
What the accounts hold
- Stocks6%
- Funds3%
- Bonds89%
- High-yield corporate bonds86%
- U.S. government and agency bonds3%
- Cash1%
- Other1%
- Preferred stock1%
How many clients does SMH Capital Advisors have?
SMH Capital Advisors has 171 clients and manages $503 million for them, as of September 2026. They include 161 individual clients, 6 high-net-worth individuals and 2 investment companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 September 2026
What services does SMH Capital Advisors offer?
SMH Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does SMH Capital Advisors use?
SMH Capital Advisors’ separately managed account assets are held at State Street Global Advisors Funds Distributors, LLC (Boston, MA), with $339M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 September 2026
How many financial advisors does SMH Capital Advisors have?
SMH Capital Advisors has 2 investment adviser representatives registered with state securities authorities, out of 7 employees, and 2 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 2 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
What does SMH Capital Advisors invest in?
At the end of its last fiscal year, SMH Capital Advisors’ separately managed accounts held 86% high-yield corporate bonds, 6% exchange-traded equities, 3% U.S. government and agency bonds, 3% registered funds (mutual funds, ETFs, BDCs), 1% cash and equivalents and 1% other. The 1% other category is described as: Preferred Stock.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns SMH Capital Advisors?
SMH Capital Advisors is owned through a holding company by Dwayne Moyers. Its direct owner is Moyers Organization, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 29 September 2026
How does SMH Capital Advisors get paid?
SMH Capital Advisors is paid through a percentage of assets under management, hourly charges and commissions. Its Form ADV lists no 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 SMH Capital Advisors?
SMH Capital Advisors’ main office is at 101 York Ave., Weatherford, TX 76086. Its phone number is 817-569-7000.