Bonner & Smith, LLC (Lubbock)

Name: Bonner & Smith, LLC
Address: 5807 63 Rd Street, Suite 300, Lubbock, TX, 79424
Telephone: 806-798-1880

Bonner & Smith, LLC is a large advisory firm based in Lubbock. It manages $156.11 million of regulatory assets for 847 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of New Mexico and Texas.

Bonner & Smith provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bonner & Smith: assets under management

The assets under management (AUM) of Bonner & Smith, LLC is $156.11 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 340% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $156.11 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $184.31 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bonner & Smith, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Bonner & Smith serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bonner & Smith is high net worth individuals with 58 clients and $99.5 million of assets under management. Among the 9 most similar advisory firms, Bonner & Smith has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $156.11 million for 224 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.

Bonner & Smith doesn't advise any private funds.

Careers at Bonner & Smith, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Raymond Keith Bonner	Managing member	1 Jan 2007	50% - 75%	4460700
Susan Denise Smith	Managing member and chief compliance officer	1 Jan 2007	50% - 75%	3074054

Based in Lubbock

The principal office where Bonner & Smith, LLC performs its advisory services is located at 5807 63 Rd Street, Suite 300, Lubbock, TX 79424, 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 806-798-1880 or by fax 806-798-0083. The normal business hours are 8:30 am - 6pm on Monday - Friday. You can find more information about the New York firm at bonner-smith.com/.