{"url":"https://nivawealth.com/firms/smith-financial-investment-advisors-154022","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/154022","regulatoryAum":456904847,"crd":"154022","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7238751","suffix":null,"lastName":"Brutus","firstName":"Blake","middleName":"William"},{"crd":"4233192","suffix":null,"lastName":"SMITH","firstName":"AARON","middleName":"TAYLOR"},{"crd":"1353025","suffix":null,"lastName":"SMITH","firstName":"RICHARD","middleName":"ALLEN"}],"total":3,"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":"2021-04-02","regulatoryAum":276050756,"clients":294,"employees":6,"offices":1},{"filedOn":"2022-03-29","regulatoryAum":318780154,"clients":307,"employees":5,"offices":1},{"filedOn":"2023-03-21","regulatoryAum":287589185,"clients":316,"employees":5,"offices":1},{"filedOn":"2024-03-09","regulatoryAum":332832586,"clients":297,"employees":5,"offices":1},{"filedOn":"2025-03-26","regulatoryAum":378041360,"clients":287,"employees":5,"offices":1},{"filedOn":"2026-03-27","regulatoryAum":456904847,"clients":159,"employees":5,"offices":1}],"secFileNumber":"801-71492","legalName":"Smith Financial Investment Advisors, Inc.","displayName":"Smith Financial Investment Advisors","slug":"smith-financial-investment-advisors-154022","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/smith-financial-investment-advisors-inc/about/","founded":null,"organization":"Indiana corporation","fiscalYearEnd":"December","headquarters":{"street":"1830 S. Plate St.","city":"Kokomo","state":"IN","stateName":"Indiana","country":"United States","postalCode":"46902"},"tradeNames":[],"registration":{"secApproved":"15 June 2010","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1870679.566037736,"staff":{"employees":5,"advisory":5,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":456904847,"discretionary":289581775,"discretionaryAccounts":483,"nonDiscretionary":167323072,"nonDiscretionaryAccounts":67,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":87,"regulatoryAum":45946076},{"label":"High-net-worth individuals","clients":72,"regulatoryAum":251491975},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":17319823},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":142146973}],"feePrograms":[{"role":"main","program":"Investment Supervisory Services","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1,"from":0},{"to":2000000,"pct":0.5,"from":1000000},{"to":3000000,"pct":0.4,"from":2000000},{"to":null,"pct":0.25,"from":3000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028802","versionId":1028802,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-27","documentName":"SMITH FINANCIAL INVESTMENT ADVISORS, INC.","fee_rate_low":0.25,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial, Estate and Insurance Planning","summary":"Flat, negotiated fees payable in advance, with no standardized fee schedule and based on complexity, number of tasks and time required.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028802","versionId":1028802,"submittedOn":"2026-03-27","documentName":"SMITH FINANCIAL INVESTMENT ADVISORS, INC."}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T09:32:06.904846+00:00","documents":[{"name":"SMITH FINANCIAL INVESTMENT ADVISORS, INC.","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028802","versionId":1028802,"submittedOn":"2026-03-27"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":418421076}],"custodyNote":"Smith Financial Investment Advisors has custody of $107M in client assets for 63 clients.","leadership":[{"name":"Richard Smith","title":"President","crd":"1353025"},{"name":"Aaron Smith","title":"Chief Compliance Officer","crd":"4233192"}],"ownership":[{"label":"Richard Smith","detail":"President in the 75% or more ownership band and a control person, since May 2010."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Indiana","offices":1,"addresses":[{"street":"1830 S. Plate St.","city":"Kokomo","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"765-459-4111","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":13},{"label":"Securities issued by registered investment companies or business development companies","percent":70},{"label":"Cash and cash equivalents","percent":16},{"label":"Other","percent":1,"detail":"Variable & Fixed Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/154022/PDF/154022.pdf","brochureDate":"27 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1028802","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 Financial Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Smith Financial Investment Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Smith Financial Investment Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Smith Financial Investment Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Smith Financial Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Smith Financial Investment Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Smith Financial Investment Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Smith Financial Investment Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Smith Financial Investment Advisors registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Smith Financial Investment Advisors?","answer":"Smith Financial Investment Advisors’ main office is at 1830 S. Plate St., Kokomo, IN 46902. Its phone number is 765-459-4111.","source":"Form ADV Part 1A, Item 1.F, filed 27 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."}