David N. Smith & Associates, Inc. (South Miami)

Name: David N. Smith & Associates, Inc.
Address: 5900 Sw 73 Rd Street, South Miami, FL, 33143
Telephone: 305-666-9411

David N. Smith & Associates, Inc. is a large advisory firm based in South Miami. It manages $109.41 million of regulatory assets for 264 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Florida.

David N. Smith & Associates provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

David N. Smith & Associates: assets under management

The assets under management (AUM) of David N. Smith & Associates, Inc. is $109.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 275% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $109.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $414.42 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is state and local bonds, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay David N. Smith & Associates, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David N. Smith & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David N. Smith & Associates is high net worth individuals with 17 clients and $92.47 million of assets under management. Among the 10 most similar advisory firms, David N. Smith & Associates has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $109.23 million for 103 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

David N. Smith & Associates doesn't advise any private funds.

Careers at David N. Smith & Associates, Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Neil Smith	President and chief compliance officer	1 Jul 2007	75% - 100%	1357671

Based in South Miami

The principal office where David N. Smith & Associates, Inc. performs its advisory services is located at 5900 Sw 73 Rd Street, South Miami, FL 33143, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-666-9411 or by fax 305-513-5888. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at davidsmithadvisory.com.