Smedley Financial Services Inc (Salt Lake City)

Name: Smedley Financial Services Inc
Address: 102 S. 200 E., Salt Lake City, UT, 84111
Telephone: 801-355-8888

Smedley Financial Services Inc is a large advisory firm based in Salt Lake City. It manages $231.37 million of regulatory assets for 2,031 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 9 other states.

Smedley Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and advice to other registered investment advisors. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Smedley Financial Services: assets under management

The assets under management (AUM) of Smedley Financial Services Inc is $231.37 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 132% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $231.37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $113.92 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Smedley Financial Services Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Roger Merrill Smedley serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Roger Merrill Smedley is individuals with 784 clients and $158.85 million of assets under management. Among the 12 most similar advisory firms, Smedley Financial Services has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $230.65 million for 832 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.

Smedley Financial Services doesn't advise any private funds.

Careers at Smedley Financial Services Inc

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 7 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.

Roger Merrill Smedley has been acting as President since 1 Apr 1983. Sharla J Jessop joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roger Merrill Smedley	President	1 Apr 1983	75% - 100%	733726
Sharla J Jessop	Vice-president	1 Mar 1994	Other	2466568
James R Derrick	Vice president	1 Jul 2003	Other	4145920
James R Derrick	Chief compliance officer	1 Sep 2004	Other	4145920
Roger Merrill Smedley	Ceo	1 Feb 2017	75% - 100%	733726
Sharla J Jessop	President	1 Feb 2017	Other	2466568

Based in Salt Lake City

The principal office where Smedley Financial Services Inc performs its advisory services is located at 102 S. 200 E., Salt Lake City, UT 84111 The mailing address of the firm is P.O. Box 4133, Salt Lake City, UT 84110 4133. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-355-8888 or by fax 801-355-1912. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at smedleyfinancial.com.