{"url":"https://nivawealth.com/firms/smith-bruer-advisors-284508","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/284508","regulatoryAum":238483049,"crd":"284508","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7662226","suffix":null,"lastName":"Bruer","firstName":"Elizabeth","middleName":null},{"crd":"5354585","suffix":null,"lastName":"BRUER","firstName":"RENE","middleName":"LOUIS"},{"crd":"8148913","suffix":null,"lastName":"Gray","firstName":"Canyon","middleName":"Lee"},{"crd":"6166868","suffix":null,"lastName":"HIRAGA","firstName":"STEVEN","middleName":"MICHAEL"},{"crd":"2016997","suffix":null,"lastName":"SMITH","firstName":"GEORGE","middleName":"MARSHALL"},{"crd":"5513706","suffix":null,"lastName":"SUNDAY","firstName":"JOSEPH","middleName":"ALEXANDER"}],"total":6,"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":"2021-07-02","regulatoryAum":138962860,"clients":224,"employees":5,"offices":2},{"filedOn":"2022-05-09","regulatoryAum":158597098,"clients":242,"employees":6,"offices":2},{"filedOn":"2023-06-20","regulatoryAum":146533834,"clients":246,"employees":6,"offices":2},{"filedOn":"2024-03-19","regulatoryAum":159602194,"clients":257,"employees":6,"offices":2},{"filedOn":"2025-07-16","regulatoryAum":198230406,"clients":261,"employees":6,"offices":3},{"filedOn":"2026-03-04","regulatoryAum":238483049,"clients":270,"employees":6,"offices":3}],"secFileNumber":"801-116727","legalName":"Smith Bruer Advisors, LLC","displayName":"Smith Bruer Advisors","slug":"smith-bruer-advisors-284508","website":"https://smithbruer.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/smithbrueradvisorsllc/","founded":null,"organization":"Florida limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1700 Summit Lake Drive, Suite 102","city":"Tallahassee","state":"FL","stateName":"Florida","country":"United States","postalCode":"32317"},"tradeNames":[],"registration":{"secApproved":"6 June 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":692398.192,"staff":{"employees":6,"advisory":5,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":238483049,"discretionary":173099548,"discretionaryAccounts":438,"nonDiscretionary":65383501,"nonDiscretionaryAccounts":20,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":189,"regulatoryAum":53647477},{"label":"High-net-worth individuals","clients":61,"regulatoryAum":119452071},{"label":"Pension and profit-sharing plans","clients":20,"regulatoryAum":65383501}],"feePrograms":[{"role":"main","program":"Portfolio Management Services","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1.25,"from":0},{"to":2500000,"pct":0.9,"from":1000000},{"to":5000000,"pct":0.75,"from":2500000},{"to":null,"pct":0.5,"from":5000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014180","versionId":1014180,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-04","documentName":"SMITH BRUER ADVISORS ADV BROCHURE","fee_rate_low":0.5,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Employee Benefit Plan Portfolio Management","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014180","versionId":1014180,"submittedOn":"2026-03-04","documentName":"SMITH BRUER ADVISORS ADV BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:31:20.308856+00:00","documents":[{"name":"SMITH BRUER ADVISORS ADV BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014180","versionId":1014180,"submittedOn":"2026-03-04"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":173099548},{"name":"Ascensus Broker Dealer Services, LLC","shortName":"Ascensus Broker Dealer Services","location":"Boston, MA","smaAssets":30426798},{"name":"Mid Atlantic Trust Company","shortName":"Mid Atlantic Trust","location":"Pittsburgh, PA","smaAssets":34956703}],"custodyNote":"Smith Bruer Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Steven Hiraga","title":"Chief Compliance Officer","crd":"6166868"},{"name":"Rene Bruer","title":"Managing Member","crd":"5354585"},{"name":"George Smith","title":"Managing Member","crd":"2016997"}],"ownership":[{"label":"Steven Hiraga","detail":"Chief compliance officer in the 5% to 10% ownership band, since February 2015."},{"label":"Rene Bruer","detail":"Managing member in the 25% to 50% ownership band and a control person, since February 2015."},{"label":"George Smith","detail":"Managing member in the 25% to 50% ownership band and a control person, since February 2015."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":1},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Colorado","offices":1,"addresses":[{"street":"5825 Delmonico Drive","city":"Colorado Springs"}]},{"state":"Florida","offices":1,"addresses":[{"street":"1700 Summit Lake Drive, Suite 102","city":"Tallahassee","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"850-877-0803","stateRegisteredReps":6,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Pension consulting services","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":97},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"4 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/284508/PDF/284508.pdf","brochureDate":"4 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014180","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 Smith Bruer Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Smith Bruer Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Smith Bruer Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Smith Bruer Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Smith Bruer Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Smith Bruer Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Smith Bruer Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Smith Bruer Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Smith Bruer Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 4 March 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."}