Smith Financial Investment Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year.
Smith Financial Investment Advisors reports 159 clients. They include 87 individual clients and 72 high-net-worth individuals. Of its assets, 63.4% ($290M across 483 accounts) are managed with discretion; $167M across 67 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 55% | 10% |
| High-net-worth individuals | 45% | 55% |
| Pension and profit-sharing plans | Fewer than 5 | 4% |
| Charitable organizations | Fewer than 5 | 31% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 87 | $45.9M | 10.1% | $528K |
| High-net-worth individuals | 72 | $251M | 55.0% | $3.49M |
| Pension and profit-sharing plans | Fewer than 5 | $17.3M | 3.8% | — |
| Charitable organizations | Fewer than 5 | $142M | 31.1% | — |
| Total | 159 | $457M | 100% | — |
- Clients
- 87
- Regulatory AUM
- $45.9M
- AUM share
- 10.1%
- Avg. per client
- $528K
- Clients
- 72
- Regulatory AUM
- $251M
- AUM share
- 55.0%
- Avg. per client
- $3.49M
- Clients
- Fewer than 5
- Regulatory AUM
- $17.3M
- AUM share
- 3.8%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $142M
- AUM share
- 31.1%
- Avg. per client
- —
Total
- Clients
- 159
- Regulatory AUM
- $457M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 101–250
Smith Financial Investment Advisors charges 0.25%–1.00% a year for its Investment Supervisory 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 | 1.00% |
| $1M–$2M | 0.50% |
| $2M–$3M | 0.40% |
| $3M and above | 0.25% |
Fee details and sources
Other fees
- Financial, Estate and Insurance Planning
- Flat, negotiated fees payable in advance, with no standardized fee schedule and based on complexity, number of tasks and time required.
Richard Smith owns 75% or more of Smith Financial Investment Advisors. The leadership team of Smith Financial Investment Advisors includes President Richard Smith and Chief Compliance Officer Aaron Smith. It has 5 employees.
Leadership
- Richard SmithPresident
- Aaron SmithChief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 5 in advisory functions
- 3 state-registered reps
- 3 insurance agents
- Owns 75% or more of Smith Financial Investment Advisors, Inc.
Richard Smith
Control person · since May 2010
Smith Financial Investment Advisors’ regulatory assets grew 1.7× from $276M (April 2021) to $457M (March 2026); clients fell from 294 to 159 and employees from 6 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $457M | 159 | 5 | 1 |
| March 2025 | $378M | 287 | 5 | 1 |
| March 2024 | $333M | 297 | 5 | 1 |
| March 2023 | $288M | 316 | 5 | 1 |
| March 2022 | $319M | 307 | 5 | 1 |
| April 2021 | $276M | 294 | 6 | 1 |
Besides its headquarters, Smith Financial Investment Advisors has 0 offices, with 1 listed address in Indiana.
Indiana · 1 listed address
- 1830 S. Plate St., KokomoHQ
Contact and registration details
- Legal name
- Smith Financial Investment Advisors, Inc.
- Headquarters
- 1830 S. Plate St., Kokomo, IN 46902
- Website
- Not reported
- Phone
- 765-459-4111
- SEC file
- 801-71492
- Structure
- Indiana corporation
- Fiscal year end
- December
Smith Financial Investment Advisors uses Charles Schwab ($418M) as custodian for its separately managed accounts. Smith Financial Investment Advisors has custody of $107M in client assets for 63 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $418M100%
At year end, Smith Financial Investment Advisors’ separately managed accounts were mostly in funds (70%) and cash (16%).
What the accounts hold
- Stocks13%
- Funds70%
- Cash16%
- Other1%
- Variable & fixed annuities1%
How many clients does Smith Financial Investment Advisors have?
Smith Financial Investment Advisors has 159 clients and manages $457 million for them, as of March 2026. They include 87 individual clients and 72 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Smith Financial Investment Advisors offer?
Smith Financial Investment Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Smith Financial Investment Advisors charge?
Smith Financial Investment Advisors charges 0.25%–1.00% a year for its Investment Supervisory Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: SMITH FINANCIAL INVESTMENT ADVISORS, INC., filed 27 March 2026
Which custodians does Smith Financial Investment Advisors use?
Smith Financial Investment Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $418M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Smith Financial Investment Advisors have?
Smith Financial Investment Advisors has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 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 Smith Financial Investment Advisors invest in?
At the end of its last fiscal year, Smith Financial Investment Advisors’ separately managed accounts held 70% registered funds (mutual funds, ETFs, BDCs), 16% cash and equivalents, 13% exchange-traded equities and 1% other. The 1% other category is described as: Variable & Fixed Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Smith Financial Investment Advisors?
Smith Financial Investment Advisors’ direct owner is Richard Smith (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Smith Financial Investment Advisors get paid?
Smith Financial Investment Advisors is paid through a percentage of assets under management, hourly charges 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
Is Smith Financial Investment Advisors registered with the SEC?
Yes, Smith Financial Investment Advisors has been registered with the SEC as an investment adviser since 15 June 2010. Its CRD number is 154022 and its SEC file number is 801-71492.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Smith Financial Investment Advisors?
Smith Financial Investment Advisors’ main office is at 1830 S. Plate St., Kokomo, IN 46902. Its phone number is 765-459-4111.