Smart Money Group, LLC (Eastland)

Name: Smart Money Group, LLC
Address: 106 South Seaman, Eastland, TX, 76448
Telephone: 254-629-3866

Smart Money Group, LLC is a large advisory firm based in Eastland. It manages $223.44 million of regulatory assets for 1,740 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 6 other states.

Smart Money Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Smart Money Group: assets under management

The assets under management (AUM) of Smart Money Group, LLC is $223.44 million. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $223.04 million in discretionary accounts and $406.31 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $128.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $67.72 thousand.

Smart Money Group has custody of $1.83 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Smart Money Group is individuals with 886 clients and $121.79 million of assets under management. Among the 10 most similar advisory firms, Smart Money Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $222.38 million for 981 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.

Smart Money Group doesn't advise any private funds.

Careers at Smart Money Group, LLC

The company employs 26 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 10 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
Bradley Donald Foos	Managing member & chief compliance officer	1 Jun 2016	50% - 75%	2109076
James Roy Kennedy	Managing member & chief compliance officer	1 Jun 2016	50% - 75%	1961588
James Roy Kennedy	Managing member	1 Aug 2016	50% - 75%	1961588
Aaron Neal Kennedy	Member	1 Dec 2017	Other	4131425
Angela Nicole Kennedy Robinson	Member	1 Dec 2017	Other	5240601
Jennifer Faye Isham	Chief compliance officer	1 Dec 2017	Other	5999570

Based in Eastland

The principal office where Smart Money Group, LLC performs its advisory services is located at 106 South Seaman, Eastland, TX 76448, which is also the mailing address of the firm. An additional office of the firm is in Centennial, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 254-629-3866. The normal business hours are 8pm to 5pm on Monday - Friday. You can find more information about the New York firm at smartmoneygroup.net and its LinkedIn profile.