Smith Bruer Advisors provides portfolio management for individuals and small businesses and pension consulting.
Smith Bruer Advisors reports 270 clients. They include 189 individual clients, 61 high-net-worth individuals, and 20 pension and profit-sharing plans. Of its assets, 72.6% ($173M across 438 accounts) are managed with discretion; $65.4M across 20 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 70% | 22% |
| High-net-worth individuals | 23% | 50% |
| Pension and profit-sharing plans | 7% | 27% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 189 | $53.6M | 22.5% | $284K |
| High-net-worth individuals | 61 | $119M | 50.1% | $1.96M |
| Pension and profit-sharing plans | 20 | $65.4M | 27.4% | $3.27M |
| Total | 270 | $238M | 100% | $883K |
- Clients
- 189
- Regulatory AUM
- $53.6M
- AUM share
- 22.5%
- Avg. per client
- $284K
- Clients
- 61
- Regulatory AUM
- $119M
- AUM share
- 50.1%
- Avg. per client
- $1.96M
- Clients
- 20
- Regulatory AUM
- $65.4M
- AUM share
- 27.4%
- Avg. per client
- $3.27M
Total
- Clients
- 270
- Regulatory AUM
- $238M
- AUM share
- 100%
- Avg. per client
- $883K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Smith Bruer Advisors charges 0.50%–1.25% a year for its Portfolio Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.25% |
| $1M–$2.5M | 0.90% |
| $2.5M–$5M | 0.75% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- Employee Benefit Plan Portfolio Management
- Fees for employee benefit plans are a percentage of plan assets; the stated maximum annual fee is 0.75% for $500,000 to $999,999, tiered down to 0.20% over $20,000,000.
Rene Bruer owns 25% to 50% of Smith Bruer Advisors. The leadership team of Smith Bruer Advisors includes Chief Compliance Officer Steven Hiraga. It has 6 employees, 5 of them in advisory roles.
Staff
- 6 employees
- 5 in advisory functions
- 6 state-registered reps
- Owns 25% to 50% of Smith Bruer Advisors, LLC
Rene Bruer
Control person · since February 2015
- Owns 25% to 50% of Smith Bruer Advisors, LLC
George Smith
Control person · since February 2015
- Owns 5% to 10% of Smith Bruer Advisors, LLC
Steven Hiraga
since February 2015
Smith Bruer Advisors’ regulatory assets grew 1.7× from $139M (July 2021) to $238M (March 2026); clients rose from 224 to 270 and employees from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $238M | 270 | 6 | 3 |
| Jul 2025July 2025 | $198M | 261 | 6 | 3 |
| Mar 2024March 2024 | $160M | 257 | 6 | 2 |
| Jun 2023June 2023 | $147M | 246 | 6 | 2 |
| May 2022May 2022 | $159M | 242 | 6 | 2 |
| Jul 2021July 2021 | $139M | 224 | 5 | 2 |
Besides its headquarters, Smith Bruer Advisors has 2 offices (1 private residence, listed without an address), with 2 listed addresses across 2 states.
Colorado · 1 listed address
- 5825 Delmonico Drive, Colorado Springs
Florida · 1 listed address
- 1700 Summit Lake Drive, Suite 102, TallahasseeHQ
Contact and registration details
- Legal name
- Smith Bruer Advisors, LLC
- Headquarters
- 1700 Summit Lake Drive, Suite 102, Tallahassee, FL 32317
- Website
- smithbruer.com
- Phone
- 850-877-0803
- @smithbrueradvisorsllc
- SEC file
- 801-116727
- Structure
- Florida LLC
- Fiscal year end
- December
Smith Bruer Advisors’ named custodians for separately managed accounts are Charles Schwab ($173M, 73%), Mid Atlantic Trust ($35M, 15%) and Ascensus Broker Dealer Services ($30.4M, 13%). Smith Bruer Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $173M73%
- Ascensus Broker Dealer ServicesAscensus Broker Dealer Services, LLC · Boston, MA · $30.4M13%
- Mid Atlantic TrustMid Atlantic Trust Company · Pittsburgh, PA · $35M15%
At year end, Smith Bruer Advisors’ separately managed accounts were mostly in funds (97%).
What the accounts hold
- Stocks2%
- Funds97%
- Cash1%
How many clients does Smith Bruer Advisors have?
Smith Bruer Advisors has 270 clients and manages $238 million for them, as of March 2026. They include 189 individual clients, 61 high-net-worth individuals, and 20 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 March 2026
What services does Smith Bruer Advisors offer?
Smith Bruer Advisors provides portfolio management for individuals and small businesses and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Smith Bruer Advisors charge?
Smith Bruer Advisors charges 0.50%–1.25% a year for its Portfolio Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: SMITH BRUER ADVISORS ADV BROCHURE, filed 4 March 2026
Which custodians does Smith Bruer Advisors use?
Smith Bruer Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $173M, Mid Atlantic Trust Company (Pittsburgh, PA), with $35M and Ascensus Broker Dealer Services, LLC (Boston, MA), with $30.4M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 March 2026
How many financial advisors does Smith Bruer Advisors have?
Smith Bruer Advisors has 6 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 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 Smith Bruer Advisors invest in?
At the end of its last fiscal year, Smith Bruer Advisors’ separately managed accounts held 97% registered funds (mutual funds, ETFs, BDCs), 2% 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
Who owns Smith Bruer Advisors?
Smith Bruer Advisors’ direct owners are Steven Hiraga, Rene Bruer and George Smith, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 4 March 2026
How does Smith Bruer Advisors get paid?
Smith Bruer Advisors 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
How do I contact Smith Bruer Advisors?
Smith Bruer Advisors’ main office is at 1700 Summit Lake Drive, Suite 102, Tallahassee, FL 32317. Its phone number is 850-877-0803. Its website is smithbruer.com.