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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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does SMH Capital Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does SMH Capital Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does SMH Capital Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does SMH Capital Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns SMH Capital Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does SMH Capital Advisors get paid?","answer":"SMH Capital Advisors is paid through a percentage of assets under management, hourly charges and commissions. 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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."}