Smith Affiliated Capital Corp (New York)

Name: Smith Affiliated Capital Corp
Address: 88 Pine Street, New York, NY, 10005
Telephone: 212-644-9440

Smith Affiliated Capital Corp is a large advisory firm based in New York. It manages $1.87 billion of regulatory assets for 149 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 3 other states.

Smith Affiliated Capital Corp provides portfolio management for individuals and small businesses 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 Affiliated Capital Corp: assets under management

The assets under management (AUM) of Smith Affiliated Capital Corp is $1.87 billion. The firm's AUM has grown by 126% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.26 billion in discretionary accounts and $611.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.59 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $305.56 million.

Investments

The firm invests in state and local bonds the most. They account for 34% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 26% of the firm’s portfolio. Investments in government bonds form 23% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Smith Affiliated Capital Corp 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 Maryann E. Smith serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Maryann E. Smith is corporations or other businesses with 35 clients and $952.27 million of assets under management. Among the 11 most similar advisory firms, Smith Affiliated Capital Corp has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $1.83 billion for 141 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 Affiliated Capital Corp doesn't advise any private funds.

Careers at Smith Affiliated Capital Corp

The company employs 13 people that are either part- or full-time employees. 77 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 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.

Maryann E. Smith has been acting as President since 1 Mar 1982. Robert G Smith joined the executive team most recently as the Chairman Emeritus\ Chief Economist.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert G Smith	Chairman, owner	1 Jan 1982	Other	2225817
Robert G Smith	President & ceo	1 Mar 1982	75% - 100%	2225817
Maryann E. Smith	Director	1 Mar 1982	25% - 50%	4353451
Matthew J. Smith	President / co-chief investment officer	1 Apr 1995	25% - 50%	4353458
John K Smith	Chief operating officer, chief compliance officer	1 Apr 1995	Other	325168
Edward J. Walsh	Director, secretary	1 Apr 1995	Other	4353458
John Michael Mccarthy	Director	1 Apr 1995	Other	325168
Maria Smith	Chief operating officer	1 Oct 1996	Other	2287357
Maria Breslin	Executive vice president	1 Oct 1996	Other	2287357
Robert G Smith	Chairman	1 Dec 2001	75% - 100%	2225817
Charles Hubbard	President, ceo	1 Dec 2001	Other	4367142
Scott Patterson Noyes	Executive vice president	1 Feb 2003	Other	1671164
Derry Hill	Director	1 May 2003	Other	4953190
John A Jenney	Vice president - taxable investments	1 May 2003	Other	4953190
Paul Matus	Vice president - portfolio manager	1 Aug 2004	Other	4953195
John Kevin Smith	Chief compliance officer	1 Aug 2004	Other	4953195
Maria Breslin	Managing director - risk services	1 Mar 2011	Other	2287357
Jiang Peng	Executive vice president / co-chief investment officer	1 Jan 2012	Other	6046227
Erwin Defensor Tonogbanua	Vice president / portfolio manager	1 Jan 2012	Other	6178335
Maria Smith	Managing director + chief executive officer	1 Jan 2012	25% - 50%	2287357
Llc Smith Affiliated Ventures	Owner	1 Feb 2012	75% - 100%	46-2370028
Jerry Allan Miller	Vice president taxable investments	1 Jun 2013	Other	6473624
George Bruce D	Executive vice president - client\consultant relations, business development	1 Jun 2013	Other	133105799
Robert G Smith	Chairman emeritus\ chief economist	1 Jan 2016	Other	2225817

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Matthew J. Smith	Owner	1 Feb 2012	25% - 50%	4353458
Maria Smith	Owner	1 Feb 2012	25% - 50%	2287357
John K Smith	Owner	1 Feb 2012	Other	325168
Robert G Smith	Owner	1 Feb 2012	25% - 50%	2225817
Matthew J. Smith	Member	1 Dec 2012	Other	4353458
Maria Smith	Member	1 Dec 2012	50% - 75%	2287357
John K Smith	Owner	1 Dec 2012	Other	325168
Jiang Peng	Owner	1 Jan 2015	Other	3190815
Jiang Peng	Member	1 Dec 2015	Other	3190815

Based in New York

The principal office where Smith Affiliated Capital Corp performs its advisory services is located at 88 Pine Street, New York, NY 10005, 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 212-644-9440 or by fax 212-644-1979. The normal business hours are 9 a.m.-5 p.m. on Monday - Friday. You can find more information about the New York firm at smithcapital.com.