{"url":"https://nivawealth.com/firms/stephen-smith-financial-339402","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/339402","regulatoryAum":129000000,"crd":"339402","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6846696","suffix":null,"lastName":"Smith","firstName":"Scott","middleName":"Robert"},{"crd":"6713437","suffix":null,"lastName":"Smith","firstName":"Stephen","middleName":"Richard"}],"total":2,"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"},"secFileNumber":"801-134877","legalName":"Stephen Smith Financial Inc.","displayName":"Stephen Smith Financial","slug":"stephen-smith-financial-339402","website":"https://stephensmithfinancial.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Illinois corporation","fiscalYearEnd":"December","headquarters":{"street":"1701 East Woodfield Road, Suite 810","city":"Schaumburg","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60173"},"tradeNames":[],"registration":{"secApproved":"3 December 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":806250,"staff":{"employees":4,"advisory":2,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":129000000,"discretionary":129000000,"discretionaryAccounts":458,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":160,"regulatoryAum":129000000}],"feePrograms":[{"role":"main","program":"Asset Management","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051065","versionId":1051065,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-07-08","documentName":"SSF ADV 2A","fee_rate_low":null,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":500000,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T18:12:15.882021+00:00","documents":[{"name":"SSF ADV 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051065","versionId":1051065,"submittedOn":"2026-07-08"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":129000000}],"custodyNote":"Stephen Smith Financial does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Stephen Smith","title":"President / CCO","crd":"6713437"}],"ownership":[{"label":"Stephen Smith","detail":"President / cco in the 75% or more ownership band and a control person, since October 2025."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"1701 East Woodfield Road, Suite 810","city":"Schaumburg","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"847-881-8996","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":34},{"label":"Non-exchange-traded equity securities","percent":44},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":16},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"8 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/339402/PDF/339402.pdf","brochureDate":"8 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051065","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 Stephen Smith Financial have?","answer":"Stephen Smith Financial has 160 clients and manages $129 million for them, as of July 2026. They include 160 individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 8 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Stephen Smith Financial offer?","answer":"Stephen Smith Financial provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.","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 Stephen Smith Financial charge?","answer":"Stephen Smith Financial charges up to 1.50% a year for its Asset Management. The fee is billed in arrears, is negotiable and requires an account of at least $500,000.","source":"SSF ADV 2A, filed 8 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Stephen Smith Financial use?","answer":"Stephen Smith Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $129M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Stephen Smith Financial have?","answer":"Stephen Smith Financial has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 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 Stephen Smith Financial invest in?","answer":"At the end of its last fiscal year, Stephen Smith Financial’s separately managed accounts held 44% non-exchange-traded equities, 34% exchange-traded equities, 16% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents and 1% U.S. government and agency bonds.","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":"Does Stephen Smith Financial have a minimum investment?","answer":"Yes, Stephen Smith Financial’s minimum account size for its Asset Management is $500K.","source":"SSF ADV 2A, filed 8 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Stephen Smith Financial?","answer":"Stephen Smith Financial’s direct owner is Stephen Smith (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 8 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Stephen Smith Financial get paid?","answer":"Stephen Smith Financial 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 Stephen Smith Financial?","answer":"Stephen Smith Financial’s main office is at 1701 East Woodfield Road, Suite 810, Schaumburg, IL 60173. Its phone number is 847-881-8996. Its website is stephensmithfinancial.com.","source":"Form ADV Part 1A, Item 1.F, filed 8 July 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."}