DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Smith Group Asset Management

Former SEC-registered adviserDallas, TexasCRD 106301SEC 801-50835IAPD

Legal name Smith Asset Management Group LP

Latest filing Mar 26, 2026

First filing on the tape Mar 27, 2012 · 27 filings

SEC status approved since Dec 14, 1995

RAUM

$182M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

10 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

27 filings and snapshots on the tape

RAUM$182M as of Mar 26, 2026

Mar 27, 2012$2.3B then

HNW client RAUM$0 as of Mar 26, 2026

Mar 21, 2018$246M then

State-registered IARs (5.B.3)5 as of Mar 26, 2026

Mar 27, 20120 then

Employees (5.A)13 as of Mar 26, 2026

Mar 22, 201320 then

Private funds1 as of Mar 25, 2021

Mar 27, 20122 then

RAUM +36% over the last fiscal year+26% a year over threeIARs 5 to 5

Practice profile

derived from the filing of Mar 26, 2026; every figure names its basis

RAUM per advisor: $36.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client: unknownderivedHNW RAUM over HNW clients
Average account: $91.1MderivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.6derivedItem 5.A over advisors
Advisors per office: 5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +36%derivedbetween the last two annual amendments
Advisor growth, one year: +0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year: unknownderived
Compensation: percentage of assetsreportedItem 5.E
Advisory activities: portfolio management for businesses and institutionsreportedItem 5.G
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Advisor book size: not public; not estimatedreported

Also answered yes on Form ADV

has discretionary authority over which securities are bought or sold (8.C.1)
compensates persons for client referrals (8.G.1)
compensates non-employees for client referrals (8.G.2)

Where the RAUM sits

Form ADV Item 5.D, latest filing

State and municipal entities$182M100%

Individual clients: 0reported
HNW clients: 0reported
Pension plan clients: 0reported
Charitable clients: 0reported
Accounts: 2reported
Financial planning clients: reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUMreported
Class basis: absent from the latest SEC rosterderived

Advisors registered through the firm

0 on IAPD today, longest tenure first

No representative is registered through this CRD on IAPD.

Advisor movement

Left, latest

Tiffany Orcutt to Cantor Fitzgerald Investment Advisors
Oct 5, 2021 · Other
Jesse Luis Carranza to Usaa Investment Services Company
Sep 7, 2017 · Other
Royce Wesley Medlin to Lazard Asset Management LLC
Jan 3, 2011 · Other
Julie K Gerron to Discovery Management, Ltd.
Jan 7, 2004 · Other

Joined, latest

Jesse Luis Carranza from Morgan Stanley
Sep 20, 2011 · Other
Royce Wesley Medlin from Belmont Asset Management, Inc.
Jan 25, 2006 · Other
John David Brim from Discovery Management, Ltd.
Oct 5, 2000 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

3 left for Smith Group Asset Management, LLC
Oct 5, 2021 · Dallas, Tx · Firm absorbed

Teams out Teams in

Private funds

4 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
Smith Group Global Large Cap Fund, LPno longer reported	Other Private Fund	$17.5M	3	Mar 21, 2018
Smith Group Small Cap Equity Fund, L.P.no longer reported	Other Private Fund	$3.2M	4	Mar 27, 2012
Smith Asset Management Group Absolute Return Fund, L.P.no longer reported	Hedge Fund	$3.0M	19	Jun 21, 2013
Smith Group Large Cap Equity Fund, L.P.no longer reported	Other Private Fund	$2.2M	5	Mar 27, 2012

Owners and control persons

Schedule A and B, latest filing

David John Brim · Chief Investment Officer, President, Ccocontrol
since 03/1998 · owns less than 5%
Spencer Stephen Smith · Ceo, Founder, Chairman Of Investment Committeecontrol
since 11/1995 · owns less than 5%
Spencer Stephen Smith · Managing Membercontrol
since 05/2003 · owns 50% to 75% of Smith Group Employee Partners I, LLC
Spencer Stephen Smith · Managing Membercontrol
since 01/2006 · owns 75% or more of Dallas Advisors, LLC

Entity owners

Dallas Advisors, LLC · General Partner
direct · owns less than 5%
Smith Group Employee Partners I, LLC · Limited Partner
direct · owns 25% to 50%
Smith Group Employee Partners II, LLC · Limited Partner
direct · owns 25% to 50%

Related persons

Schedule D 7.A

No related person reported.

Advisers that list Smith Group Asset Management as a related person

313265 n

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

BD registered reps · 1 to 2
Mar 18, 2025 to Mar 26, 2026
Discretionary RAUM · $134M to $182M
Mar 18, 2025 to Mar 26, 2026
RAUM · $134M to $182M
Mar 18, 2025 to Mar 26, 2026
Advisory employees · 8 to 10
Mar 22, 2024 to Mar 18, 2025
BD registered reps · 0 to 1
Mar 22, 2024 to Mar 18, 2025
Employees · 14 to 13
Mar 22, 2024 to Mar 18, 2025
Insurance-licensed employees · 8 to 5
Mar 22, 2024 to Mar 18, 2025
Financial planning clients · unset to
Mar 22, 2024 to Mar 18, 2025
State-registered IARs · 8 to 5
Mar 22, 2024 to Mar 18, 2025
Discretionary RAUM · $122M to $134M
Mar 22, 2024 to Mar 18, 2025
RAUM · $122M to $134M
Mar 22, 2024 to Mar 18, 2025
Employees · 15 to 14
Mar 30, 2023 to Mar 22, 2024
Discretionary RAUM · $91.6M to $122M
Mar 30, 2023 to Mar 22, 2024
RAUM · $91.6M to $122M
Mar 30, 2023 to Mar 22, 2024
Assets in custody · 91584722.0 to unset
Nov 16, 2022 to Mar 30, 2023
Custody of client assets · true to false
Nov 16, 2022 to Mar 30, 2023
Employees · 16 to 15
Nov 16, 2022 to Mar 30, 2023
Advisory employees · 9 to 8
Jul 30, 2021 to Mar 21, 2022
Assets in custody · $17.2M to $91.6M
Jul 30, 2021 to Mar 21, 2022
Insurance-licensed employees · 9 to 8
Jul 30, 2021 to Mar 21, 2022
State-registered IARs · 9 to 8
Jul 30, 2021 to Mar 21, 2022
Discretionary RAUM · $86.6M to $91.6M
Jul 30, 2021 to Mar 21, 2022
RAUM · $86.6M to $91.6M
Jul 30, 2021 to Mar 21, 2022
Accounts · 155 to 2
Mar 25, 2021 to Jul 30, 2021
Advisory activities · 4 to 1
Mar 25, 2021 to Jul 30, 2021
Charity clients · 9 to 0
Mar 25, 2021 to Jul 30, 2021
Corporate clients · 11 to 0
Mar 25, 2021 to Jul 30, 2021
HNW clients · 114 to 0
Mar 25, 2021 to Jul 30, 2021
Pension plan clients · 8 to 0
Mar 25, 2021 to Jul 30, 2021
Pooled vehicle clients · 2 to 0
Mar 25, 2021 to Jul 30, 2021
Assets in custody · $15.4M to $17.2M
Mar 25, 2021 to Jul 30, 2021
Employees · 18 to 16
Mar 25, 2021 to Jul 30, 2021
Insurance-licensed employees · 0 to 9
Mar 25, 2021 to Jul 30, 2021
State-registered IARs · 10 to 9
Mar 25, 2021 to Jul 30, 2021
Private funds · 1 to unset
Mar 25, 2021 to Jul 30, 2021
Discretionary RAUM · $1.8B to $86.6M
Mar 25, 2021 to Jul 30, 2021
HNW RAUM · $129M to $0
Mar 25, 2021 to Jul 30, 2021
Non-discretionary RAUM · $137M to $0
Mar 25, 2021 to Jul 30, 2021
Pension RAUM · $113M to $0
Mar 25, 2021 to Jul 30, 2021
Pooled vehicle RAUM · $15.8M to $0
Mar 25, 2021 to Jul 30, 2021

Signals

4 dated events

Smith Group Asset Management no longer on the SEC adviser roster (last listed 2026-07-01, RAUM $182.2M)
Aug 3, 2026 · Left the SEC roster · derived
Lucinda Neumann (President, Cco) no longer on Schedule A of Smith Group Asset Management (listed 2023-03-30, absent 2024-03-22)
Mar 22, 2024 · Control person left · inference
Smith Group Asset Management reported RAUM $86.6M, down 96% from $2.0B (2021-03-25 to 2021-07-30)
Jul 30, 2021 · RAUM change · derived
Smith Group Asset Management reported RAUM $2.0B, down 25% from $2.6B (2020-06-24 to 2021-03-25)
Mar 25, 2021 · RAUM change · derived

Across DFX

shared identifiers only, never a name match

No identifier-backed link to the venture, private equity, family office or sponsor graphs.

Provenance

Form ADV: SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors: IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class: Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor: n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026