Adam Smith Family Advisors, LLC (Minnetonka)


Adam Smith Family Advisors, LLC is a large advisory firm based in Minnetonka. It manages $119.97 million of regulatory assets for 251 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Minnesota and Texas.

Adam Smith Family Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and market timing services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Adam Smith Family Advisors: assets under management

The assets under management (AUM) of Adam Smith Family Advisors, LLC is $119.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 11720% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $477.97 thousand each.
Adam Smith Family Advisors has custody of $26.53 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Adam Smith Family Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Adam Smith Family Advisors, LLC

Kevin James O'connor has been acting as President since 1 Jul 2009. Keith Norman Tufte has served as the Chief Investment Officer since 1 Aug 2009. Gordon Fairchild Stofer joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Kevin James O'connor President and member of trusted financial partners, vice chairman of adam smith advisors 1 Oct 1998 25% - 50% 4447466
Thomas Michael Gearty Member of trusted financial partners 1 Oct 1998 Other 4447451
Gordon Fairchild Stofer Member 1 Jul 2009 Other 1514353
Kevin James O'connor President 1 Jul 2009 Other 4447466
Jane Marie Bortnem Treasurer, secretary & chief compliance officer 1 Jul 2009 Other 4451428
Anton Joseph Christianson Chairman 1 Jul 2009 Other 1305752
Llc Adam Smith Companies Member 1 Jul 2009 75% - 100% 41-1839191
Llc Adam Smith Advisors Member of trusted financial partners 1 Jul 2009 50% - 75% 27-0458528
Keith Norman Tufte Chief investment officer 1 Aug 2009 Other 1170559

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Anton Joseph Christianson Chairman and member 1 Mar 1997 75% - 100% 1305752
Gordon Fairchild Stofer Member 1 Jun 2009 Other 1514353
Llc Adam Smith Companies Member 1 Jun 2009 75% - 100% 41-1839191

Based in Minnetonka

The principal office where Adam Smith Family Advisors, LLC performs its advisory services is located at 301 Carlson Parkway, Minnetonka, MN 55305, 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 952-893-9012 or by fax 952-893-9036. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.cherrytree.com.

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