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.
SEC-registered adviser
Smi Advisory Services, LLC
Latest filing Jan 15, 2026
First filing on the tape Mar 8, 2012 · 68 filings
SEC status approved since Nov 15, 2005
RAUM
$949M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
76%
$723M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$136M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
68 filings and snapshots on the tape
RAUM$949M as of Jan 15, 2026
Mar 8, 2012$316M then
HNW client RAUM: no history
State-registered IARs (5.B.3)5 as of Jan 15, 2026
Mar 8, 20120 then
Employees (5.A)5 as of Jan 15, 2026
Feb 5, 20134 then
Private funds: no history
RAUM +13% over the last fiscal year+12% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Jan 15, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $136MderivedRAUM 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
- $876,270derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.7derivedItem 5.A over advisors
- Advisors per office
- 7.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%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 individuals, portfolio management for investment companiesreportedItem 5.G
- Wrap fee program
- $723MreportedItem 5.I
- 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$723M76%
- Investment companies$226M24%
- Individual clients
- 1,080reported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,083reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.76 fund_share=0.24 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Sandra Morrison | Columbus, In | Jan 4, 2013 | 15 y | 0 |
| Bryce William Fathauer | Columbus, In | Aug 1, 2014 | 12 y | 0 |
| Anthony Shayne AyersChartered Financial Analyst | Columbus, In | Apr 1, 2016 | 32 y | 1 |
| Eric Stephen CollierChartered Financial Analyst | Columbus, In | Apr 1, 2016 | 26 y | 1 |
| Paul Lance WilkinCertified Financial Planner, Chartered Financial Analyst | Columbus, In | May 2, 2019 | 30 y | 1 |
| Isaac Jones | Columbus, In | Sep 7, 2023 | 14 y | 0 |
| Brian R Mondics | Columbus, In | Jun 26, 2024 | 18 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Brian R Mondics from Higher Level Financial Services LLCJun 26, 2024 · Other
- Paul Lance Wilkin from Hammond Associates, D/B/A Mercer Investment ConsultingMay 2, 2019 · Other
- Anthony Shayne Ayers from Omnium, LLC.Apr 1, 2016 · Other
- Eric Stephen Collier from Omnium, LLC.Apr 1, 2016 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Shayne Anthony Ayers · Managing Membercontrolsince 08/2005 · owns less than 5%
- Jacob Frederick Beerwart · Chief Compliance Officercontrolsince 08/2005 · owns less than 5%
- Andrew Mark Biller · Managing Membercontrolsince 08/2005 · owns less than 5%
- Stephen Eric Collier · Managing Membercontrolsince 08/2005 · owns less than 5%
- Stephen Eric Collier · Membercontrolsince 08/2005 · owns 25% to 50% of Omnium Investment Company, LLC
- Carl Austin Pryor · Membercontrolsince 08/2005 · owns 50% to 75% of Marathon Partners, LLC
Entity owners
- Marathon Partners, LLC · Ownerdirect · owns 50% to 75%
- Omnium Investment Company, LLC · Ownerdirect · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Advisers that list Smi Advisory Services, LLC as a related person
- 331301 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Columbus, In · principal | 7 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Jan 15, 2026PRYOR, AUSTIN, CARL (MEMBER) left Schedule A between the filings of 2012-03-08 and 2026-01-15peers: independent wealth managers, $500M to $1B (1,483)
What changed
consecutive filings, newest first
- Accounts · 995 to 1,083Oct 28, 2025 to Jan 15, 2026
- Individual clients · 992 to 1,080Oct 28, 2025 to Jan 15, 2026
- Discretionary RAUM · $840M to $949MOct 28, 2025 to Jan 15, 2026
- Individual RAUM · $608M to $723MOct 28, 2025 to Jan 15, 2026
- RAUM · $840M to $949MOct 28, 2025 to Jan 15, 2026
- Accounts · 975 to 995Jul 25, 2024 to Jan 10, 2025
- Individual clients · 972 to 992Jul 25, 2024 to Jan 10, 2025
- Financial planning clients · unset to Jul 25, 2024 to Jan 10, 2025
- Discretionary RAUM · $815M to $840MJul 25, 2024 to Jan 10, 2025
- Individual RAUM · $576M to $608MJul 25, 2024 to Jan 10, 2025
- RAUM · $815M to $840MJul 25, 2024 to Jan 10, 2025
- Accounts · 928 to 975Mar 21, 2024 to Jul 23, 2024
- Individual clients · 925 to 972Mar 21, 2024 to Jul 23, 2024
- Discretionary RAUM · $777M to $815MMar 21, 2024 to Jul 23, 2024
- Individual RAUM · $541M to $576MMar 21, 2024 to Jul 23, 2024
- RAUM · $777M to $815MMar 21, 2024 to Jul 23, 2024
- Accounts · 900 to 928May 16, 2023 to Mar 21, 2024
- Advisory employees · 4 to 5May 16, 2023 to Mar 21, 2024
- Individual clients · 897 to 925May 16, 2023 to Mar 21, 2024
- Employees · 4 to 5May 16, 2023 to Mar 21, 2024
- State-registered IARs · 4 to 5May 16, 2023 to Mar 21, 2024
- Discretionary RAUM · $730M to $777MMay 16, 2023 to Mar 21, 2024
- Individual RAUM · $480M to $541MMay 16, 2023 to Mar 21, 2024
- RAUM · $730M to $777MMay 16, 2023 to Mar 21, 2024
- Accounts · 853 to 900May 11, 2023 to May 16, 2023
- Individual clients · 850 to 897May 11, 2023 to May 16, 2023
- Discretionary RAUM · $668M to $730MMay 11, 2023 to May 16, 2023
- Individual RAUM · $414M to $480MMay 11, 2023 to May 16, 2023
- RAUM · $668M to $730MMay 11, 2023 to May 16, 2023
- Accounts · 833 to 853Aug 8, 2022 to Mar 9, 2023
- Individual clients · 830 to 850Aug 8, 2022 to Mar 9, 2023
- Discretionary RAUM · $667M to $668MAug 8, 2022 to Mar 9, 2023
- Individual RAUM · $395M to $414MAug 8, 2022 to Mar 9, 2023
- RAUM · $667M to $668MAug 8, 2022 to Mar 9, 2023
- Accounts · 580 to 833Mar 24, 2022 to Aug 3, 2022
- Advisory employees · 3 to 4Mar 24, 2022 to Aug 3, 2022
- Individual clients · 701 to 830Mar 24, 2022 to Aug 3, 2022
- Employees · 3 to 4Mar 24, 2022 to Aug 3, 2022
- State-registered IARs · 3 to 4Mar 24, 2022 to Aug 3, 2022
- Discretionary RAUM · $688M to $667MMar 24, 2022 to Aug 3, 2022
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.
How to reach
public business contact points only, each with its source
- Business phone
- 877-764-3863reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- SMIFUND.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 800-796-4975reportedpublic record, Form ADV, Jan 15, 2026
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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $136Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026