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 Hayes Advisers Inc

Former SEC-registered adviserLincoln, NebraskaCRD 110776SEC 801-56902IAPD
Latest filing May 25, 2016
First filing on the tape Mar 30, 2012 · 28 filings
RAUM
$2.1B
reported, Item 5.F
Discretionary
50%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
83
54 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
1
$31.6M gross assets
History
28 filings and snapshots on the tape
RAUM$2.1B as of Mar 30, 2016
Mar 30, 2012$884M then
HNW client RAUM: no history
State-registered IARs (5.B.3)54 as of Mar 30, 2016
Mar 30, 20120 then
Employees (5.A)83 as of Mar 30, 2016
Mar 28, 201377 then
Private funds1 as of Mar 30, 2016
Mar 30, 20121 then
RAUM -3.0% over the last fiscal year+12% a year over threeIARs 41 to 54
Practice profile
derived from the filing of May 25, 2016; every figure names its basis
RAUM per advisor
$39.7MderivedRAUM 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
$986,960derivedRAUM over accounts (5.F.2.f)
Discretionary
50%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
18.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-3.0%derivedbetween the last two annual amendments
Advisor growth, one year
+32%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed fees, performance-based, commissions, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, otherreportedItem 5.G
Custody
$31.6M, 1 clientsreportedItem 9.A
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
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2,174reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$31.6M for 1 clientsreported
Compensation
% of AUM, fixed, hourly, performance, commissionsreported
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
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Terese Colleen Davis · Vpcontrol
    since 03/2003 · owns less than 5%
  • Louis John Decker · President, Ceocontrol
    since 01/2014 · owns less than 5%
  • Annette Ruth Howell · Chief Compliance Officercontrol
    since 08/2015 · owns less than 5%
  • Patrick James Kerr · Directorcontrol
    since 04/2016 · owns less than 5%
  • Michael Brandon Mann · Vice President Of Salescontrol
    since 01/2012 · owns less than 5%
  • Steven Thomas Nelson · Directorcontrol
    since 04/2016 · owns less than 5%
  • Joseph Michael Purpura · Directorcontrol
    since 04/2016 · owns less than 5%
  • John Bobby Schaefer · Cfo / Secretary / Treasurercontrol
    since 02/2010 · owns less than 5%
  • Curtis Thomas Smith · Directorcontrol
    since 04/2016 · owns less than 5%
Entity owners
  • Smith Hayes Companies (D/B/A Smith Hayes) · Parent Company
    direct · owns 75% or more
  • D.A. Davidson Companies · Holding Company
    indirect · owns 75% or more of Smith Hayes Companies D/B/A Smith Hayes
  • D.A. Davidson Trust Company · Trustee
    indirect · owns 25% to 50% of Smith Hayes Companies
  • Employee Stock Ownership Plan And Trust · Shareholder
    indirect · owns 25% to 50% of Smith Hayes Companies
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
  • Columbus, NE
  • Omaha, NE
What changed
consecutive filings, newest first
  • Related adviser · false to true
    May 17, 2016 to May 25, 2016
  • Accounts · 1,946 to 2,174
    Mar 4, 2016 to Mar 30, 2016
  • Advisory employees · 87 to 54
    Mar 4, 2016 to Mar 30, 2016
  • BD registered reps · 83 to 74
    Mar 4, 2016 to Mar 30, 2016
  • Assets in custody · $32.8M to $31.6M
    Mar 4, 2016 to Mar 30, 2016
  • Employees · 92 to 83
    Mar 4, 2016 to Mar 30, 2016
  • Insurance-licensed employees · 2 to 0
    Mar 4, 2016 to Mar 30, 2016
  • Financial planning clients · 1-10 to 0
    Mar 4, 2016 to Mar 30, 2016
  • State-registered IARs · 41 to 54
    Mar 4, 2016 to Mar 30, 2016
  • Discretionary RAUM · $1.0B to $1.1B
    Mar 4, 2016 to Mar 30, 2016
  • Non-discretionary RAUM · $1.2B to $1.1B
    Mar 4, 2016 to Mar 30, 2016
  • RAUM · $2.2B to $2.1B
    Mar 4, 2016 to Mar 30, 2016
  • Accounts · 1,412 to 1,946
    Aug 13, 2014 to Mar 31, 2015
  • Advisory employees · 84 to 87
    Aug 13, 2014 to Mar 31, 2015
  • BD registered reps · 81 to 83
    Aug 13, 2014 to Mar 31, 2015
  • Assets in custody · $30.9M to $32.8M
    Aug 13, 2014 to Mar 31, 2015
  • Employees · 87 to 92
    Aug 13, 2014 to Mar 31, 2015
  • State-registered IARs · 56 to 41
    Aug 13, 2014 to Mar 31, 2015
  • Discretionary RAUM · $720M to $1.0B
    Aug 13, 2014 to Mar 31, 2015
  • Non-discretionary RAUM · $1.4B to $1.2B
    Aug 13, 2014 to Mar 31, 2015
  • RAUM · $2.1B to $2.2B
    Aug 13, 2014 to Mar 31, 2015
  • Accounts · 1,175 to 1,412
    Jan 17, 2014 to Mar 31, 2014
  • Advisory employees · 75 to 84
    Jan 17, 2014 to Mar 31, 2014
  • BD registered reps · 67 to 81
    Jan 17, 2014 to Mar 31, 2014
  • Assets in custody · $24.0M to $30.9M
    Jan 17, 2014 to Mar 31, 2014
  • Employees · 77 to 87
    Jan 17, 2014 to Mar 31, 2014
  • Insurance-licensed employees · 0 to 2
    Jan 17, 2014 to Mar 31, 2014
  • State-registered IARs · 0 to 56
    Jan 17, 2014 to Mar 31, 2014
  • Discretionary RAUM · $520M to $720M
    Jan 17, 2014 to Mar 31, 2014
  • Non-discretionary RAUM · $997M to $1.4B
    Jan 17, 2014 to Mar 31, 2014
  • RAUM · $1.5B to $2.1B
    Jan 17, 2014 to Mar 31, 2014
  • Commission compensation · false to true
    Dec 9, 2013 to Jan 17, 2014
  • Assets in custody · $224M to $24.0M
    Mar 28, 2013 to May 1, 2013
  • Accounts · 976 to 1,175
    Sep 28, 2012 to Mar 28, 2013
  • Advisory employees · unset to 75.0
    Sep 28, 2012 to Mar 28, 2013
  • BD registered reps · unset to 67.0
    Sep 28, 2012 to Mar 28, 2013
  • Assets in custody · $20.9M to $224M
    Sep 28, 2012 to Mar 28, 2013
  • Employees · unset to 77.0
    Sep 28, 2012 to Mar 28, 2013
  • Financial planning clients · 11-25 to 1-10
    Sep 28, 2012 to Mar 28, 2013
  • Discretionary RAUM · $431M to $520M
    Sep 28, 2012 to Mar 28, 2013
Signals
No event on the tape.
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