Smith, Salley & Associates, LLC (Greensboro)

Name: Smith, Salley & Associates, LLC
Address: 324 West Wendover Avenue, Greensboro, NC, 27408
Telephone: 336-379-7556

Smith, Salley & Associates, LLC is a large advisory firm based in Greensboro. It manages $1.38 billion of regulatory assets for 1,121 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Florida, Massachusetts, Michigan, and 7 other states.

Smith, Salley & Associates provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Smith, Salley & Associates: assets under management

The assets under management (AUM) of Smith, Salley & Associates, LLC is $1.38 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4939% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.38 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.23 million each.

Smith, Salley & Associates has custody of $657.99 million in cash and securities for 454 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is state and local bonds, which make up 27% of the firm’s portfolio. Investments in government bonds form 24% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Smith, Salley & Associates, LLC 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 Smith, Salley & Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Smith, Salley & Associates is high net worth individuals with 170 clients and $519.81 million of assets under management. Among the 10 most similar advisory firms, Smith, Salley & Associates has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $651.53 million for 448 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, Salley & Associates doesn't advise any private funds.

Careers at Smith, Salley & Associates, LLC

The company employs 14 people that are either part- or full-time employees. 93 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

George Mackay Salley has served as the Chief Investment Officer since 1 Dec 2003 and George Gregory Smith is the Chief Executive Officer of Smith, Salley & Associates, LLC family office. William Andrew Donovan joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Gregory Smith	Managing member/chief executive officer	1 Nov 2003	50% - 75%	4698611
George Mackay Salley	Member/chief investment officer	1 Dec 2003	Other	2368869
George M Salley	Managing member	1 Dec 2003	50% - 75%	2368869
Thomas Scott Cobb	Member	1 Jan 2005	Other	4890713
Joshua David Shores	Chief operations officer	1 Jan 2005	Other	4925177
Joshua David Shores	Chief compliance officer	1 May 2005	Other	4925177
Andrew Douglas Davis	Member/chief compliance officer	1 Mar 2007	Other	3039426
Edmund Scott Batchelor	Member	1 Apr 2007	Other	5291030
James Sullivan Agnew	Member	1 Apr 2007	Other	4750145
Hugo Brian May	Chief compliance officer	1 Aug 2016	Other	4387448
William Andrew Donovan	Member	1 Oct 2016	Other	6539589
James Blake Guyler	Member	1 Oct 2016	Other	4873829

Based in Greensboro

The principal office where Smith, Salley & Associates, LLC performs its advisory services is located at 324 West Wendover Avenue, Greensboro, NC 27408, which is also the mailing address of the firm. An additional office of the firm is in Chapel Hill, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 336-379-7556 or by fax 336-379-8606. The normal business hours are 8:30 a.m. to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at smith-salley.com.