Smartx Advisory Solutions

CRD#297680
Investment Advisor Firm

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Learn more about Smartx Advisory Solutions

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Smartx Advisory Solutions is located at 105 S. Narcissus Avenue, West Palm Beach, FL. The firm employs 2 financial advisors to manage client portfolios and provide financial guidance. Smartx Advisory Solutions is not a registered broker-dealer.

    Smartx Advisory Solutions oversees $22.9 billion in assets under management across 60 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, and the selection of other advisers. The firm caters to other investment advisers, which is also the largest client type by accounts. The fee structure at Smartx Advisory Solutions includes asset-based, fixed, and other fees. The firm maintains affiliations with a broker-dealer or securities dealer and a commodity pool advisor.

    Smartx Advisory Solutions is registered in the states of Florida and Hawaii.

    Assets Under Management

    $22.9 billion

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    105 S. Narcissus Avenue
    West Palm Beach, FL 33401

    Smartx Advisory Solutions by the Numbers

    Total Assets Under Management

    $22.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    91

    National Average: 64
    Total Number of Accounts

    60

    National Average: 375,227
    Average Account Size

    $381.9 million

    National Average: $23.0 thousand
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    Products and Services

    Services offered by Smartx Advisory Solutions can include portfolio management for individuals and small businesses and selection of other advisers. Notably, Smartx Advisory Solutions did not provide financial planning services to any of its clients in the last financial year. The Company is not involved in selling products or offering services aside from investment advice to its investment advisory clients.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees usually are based on which services are offered. Fees charged by Smartx Advisory Solutions likely consist of some blend of the following fee types: asset-based, fixed, or other.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Disclosures

    Smartx Advisory Solutions does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Smartx Advisory Solutions

    Louis Milano
    West Palm Beach, FL
    Alexander Thompson
    West Palm Beach, FL

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