Smith Bruer Advisors
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Overview
Smith Bruer Advisors is a financial advisor company based in Tallahassee, Florida. The company manages $146.5 million in assets under management across 427 client accounts, placing it in the mid-tier of firms in the country by assets under management (AUM). The firm has a small group, including 5 financial advisors. Smith Bruer Advisors is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are exchangable financial assets like stocks, bonds and options.
Smith Bruer Advisors administers more than half of the firm's accounts on a discretionary basis. Discretionary management signifies that buy and sell judgments for the client's account are made by an investment advisor without requiring client permission. The company also manages 178 non-discretionary accounts with a total of $47.0 million in AUM. The advisory firm administers an average of $343,171 for each account. An average advisor at Smith Bruer Advisors administers around 85 client accounts.
Smith Bruer Advisors's main office is located at 1700 Summit Lake Drive, Tallahassee, Florida 32317. The firm is registered to serve investors across 5 states, including Colorado, Florida, Georgia, Texas and North Carolina.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Smith Bruer Advisors by the Numbers
$146.5 million
6
427
$343.2 thousand
Fee Structure
Fees charged by financial advisors typically depend on the financial services provided. Fees charged by the company typically consist of the following fee structure: asset-based. The firm does not supply a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Smith Bruer Advisors provides services to retail investors, high net worth investors and pension plans. Out of its 427 customers, Smith Bruer Advisors's largest client type by number of accounts is retail investors, but it also manages money for 27 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 10.98%
- Other Individuals - 80.49%
- Corporations - 8.54%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Smith Bruer Advisors does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Smith Bruer Advisors
Tallahassee, FL
Tallahassee, FL
Tallahassee, FL
Tallahassee, FL
Tallahassee, FL
Tallahassee, FL
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