Smith Asset Management Group LP (Dallas)

Name: Smith Asset Management Group LP
Address: 100 Crescent Court, Dallas, TX, 75201
Telephone: 214-880-4600

Smith Asset Management Group LP is a large advisory firm based in Dallas. It manages $3.12 billion of regulatory assets for 693 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 23 other states.

Smith Asset Management Group provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Smith Asset Management Group: assets under management

The assets under management (AUM) of Smith Asset Management Group LP is $3.12 billion. The firm's AUM has grown by 256% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.02 billion in discretionary accounts and $99.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $15.96 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $197.95 thousand.

Smith Asset Management Group has custody of $21.57 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Smith Asset Management Group LP for their services and products based on a percentage of assets under management and performance-based fees. 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 Smith Asset Management Group serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Smith Asset Management Group is investment companies with 10 clients and $1.49 billion of assets under management. Among the 10 most similar advisory firms, Smith Asset Management Group has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $3.12 billion for 693 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.

Smith Asset Management Group also advises several private funds. Namely, one hedge fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Smith Asset Management Group LP

The company employs 20 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 11 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 compensates 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
Stephen Spencer Smith	Ceo, chief investment officer, portfolio manager	1 Nov 1995	Other	2669311
Stephen John Summers	Limited partner, chief financial officer	1 Nov 1995	Other	1819332
Llc Smith & Summers	General partner	1 Nov 1995	Other	75-2620254
Edward Washington Rose	Limited partner	1 Nov 1995	Other	403939
Thomas Ollis Hicks	Limited partner	1 Nov 1995	Other	4359788
Wells Fargo & Company	Limited partner	1 Oct 1997	Other	41-0449260
John David Brim	President, portfolio manager	1 Mar 1998	Other	2933011
John Brim	Limited partner, chief operations officer, portfolio manager	1 Mar 1998	Other	2933011
Whitney Jean Williams	Compliance officer	1 Apr 1998	Other	4360042
Lp Samg Partners	General partner	1 Dec 2003	75% - 100%	75-2620252
Llc Strategic Investment Group Ventures	Limited partner	1 Dec 2003	Other	31-1745284
John David Brim	Chief compliance officer	1 Oct 2004	Other	2933011
Blake Henry Estess	Chief compliance officer	1 Mar 2006	Other	3250540
Llc Dallas Advisors	General partner	1 Jan 2008	Other	74-3094166
Llc Smith Group Employee Partners I	Limited partner	1 Apr 2008	25% - 50%	20-4294541
Llc Smith Group Employee Partners Ii	Limited partner	1 Apr 2008	25% - 50%	20-8871506
Llc Amf Samg Finance	Class b non voting	1 Apr 2008	Other	200318739
Lucinda Neumann	Cco	1 Aug 2014	Other	6469311

Indirect Owners

The SEC currently registers 20 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Credit Suisse Ag	Shareholder	1 Dec 1975	75% - 100%	foreign
Credit Suisse	Shareholder	1 Dec 1975	75% - 100%	foreign
Credit Suisse Group Ag	Shareholder	1 Mar 1982	75% - 100%	foreign
Strategic Investment Management	Managing member	1 Apr 2000	Other	104862
California Public Employees' Returement System	Member	1 Apr 2000	75% - 100%	94-6207465
California Public Employees' Retirement System	Member	1 Apr 2000	75% - 100%	94-6207465
Stephen Spencer Smith	Managing member	1 May 2003	75% - 100%	2669311
Llc Dallas Advisors	General partner	1 May 2003	Other	74-3094166
Inc. Credit Suisse Holdings (Usa)	Shareholder	1 Jan 2006	75% - 100%	13-2853402
Stephen Spencer Smith	Managing member	1 Jan 2006	50% - 75%	2669311
L.P. Smith Group Employee Partners	Limited partners	1 Jan 2006	50% - 75%	20-4294541
L.P. Smith Group Employee Partners 2	Limited partners	1 Jun 2007	50% - 75%	20-8871506
Llc Amf Acquisition	Member	1 Aug 2008	75% - 100%	45-1744452
Asset Management Finance Corporation	Member	1 Aug 2008	75% - 100%	20-0318739
Llc Asset Management Finance	Member	1 Aug 2008	75% - 100%	90-0776754
Inc. Credit Suisse Holdings (Usa)	Shareholder	1 Aug 2008	75% - 100%	13-2853402
Inc. Credit Suisse (Usa)	Shareholder	1 Jan 2011	75% - 100%	13-1898818
Credit Suisse Hank Holdings Llc	Shareholder	1 Oct 2013	75% - 100%	46-4002733
Inc. Credit Suisse (Usa)	Member	1 Oct 2013	75% - 100%	13-1898818
Csam Americas Holding Corp	Shareholder	1 Feb 2014	75% - 100%	13-2774791

Based in Dallas

The principal office where Smith Asset Management Group LP performs its advisory services is located at 100 Crescent Court, Dallas, TX 75201, 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 214-880-4600 or by fax 214-880-4640. The normal business hours are 8am-5pm cst on Monday - Friday. You can find more information about the New York firm at smithasset.com.