Smith & Howard Wealth Management, LLC (Atlanta)

Name: Smith & Howard Wealth Management, LLC
Address: 271 17 Th Street Nw, Atlanta, GA, 30363
Telephone: 404-874-6244

Smith & Howard Wealth Management, LLC is a large advisory firm based in Atlanta. It manages $490.13 million of regulatory assets for 542 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Georgia, and Texas.

Smith & Howard Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Smith & Howard Wealth Management: assets under management

The assets under management (AUM) of Smith & Howard Wealth Management, LLC is $490.13 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 162% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $490.13 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $904.29 thousand each.

Smith & Howard Wealth Management has custody of $379.1 million in cash and securities for 123 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 78% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in exchange traded securities form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Smith & Howard Wealth Management, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Smith & Howard Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Smith & Howard Wealth Management is high net worth individuals with 94 clients and $434.25 million of assets under management. Among the 11 most similar advisory firms, Smith & Howard Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $490.13 million for 170 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 & Howard Wealth Management doesn't advise any private funds.

Careers at Smith & Howard Wealth Management, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 4 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
Inc. Wright Investment Management	Member	1 Jun 1999	25% - 50%	58-2386639
Llc Smith & Howard Holding	Member	1 Jun 1999	50% - 75%	58-2474065
Michael Robert Dewitt	Member/chief compliance officer	1 Jan 2007	Other	4646371
Timothy Fair Agnew	President, chief compliance officer	1 Jun 2016	Other	4368749

Indirect Owners

The SEC currently registers 18 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Frederick Starr Wright	President	1 Apr 1998	Other	2149113
John William Lucht	Member	1 Jun 1999	Other	4367222
Debbie Rosner Torrance	Member	1 Jun 1999	Other	4367227
James Chester Howard	Member	1 Jun 1999	Other	4367208
Joseph Braxton Smith	Member	1 Jun 1999	Other	4367214
Iii Wade St. John	Member	1 Jun 1999	Other	4367218
Debbie R. Torrance	Member	1 Jun 1999	Other	4367227
Iii Wade Hampton St. John	Member	1 Jun 1999	Other	4367218
Timothy Fair Agnew	Member	1 Jan 2001	Other	4368749
Anita M Lefevre	Member	1 Jan 2004	Other	5713527
Sean C Taylor	Member	1 Jan 2009	Other	5657127
Marvin H Willis	Member	1 Jan 2009	Other	5657150
Marc A Azar	Member	1 Jan 2009	Other	5657152
Paul Adkinson	Member	1 Jan 2009	Other	5657154
Jodi M Malis	Member	1 Jan 2012	Other	6147724
Mark Edward Abrams	Member	1 Jan 2013	Other	4646381
Melissa L Horne	Member	1 Jan 2017	Other	6760106
Jason Sean Spitzer	Member	1 Jan 2017	Other	6760108

Based in Atlanta

The principal office where Smith & Howard Wealth Management, LLC performs its advisory services is located at 271 17 Th Street Nw, Atlanta, GA 30363, 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 404-874-6244 or by fax 404-874-1658. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at smithhowardwealth.com.