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

Smart Money Group, LLC

Independent wealth managerEastland, TexasCRD 284187SEC 801-107979websiteIAPD
Latest filing Aug 28, 2026
First filing on the tape Jun 9, 2016 · 52 filings
SEC status approved since Jun 30, 2016
RAUM
$424M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
53%
$224M individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$38.6M
derived; firm RAUM over IAPD count
Employees
24
9 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
52 filings and snapshots on the tape
RAUM$424M as of Aug 28, 2026
Mar 13, 2017$218M then
HNW client RAUM$182M as of Aug 28, 2026
Feb 2, 2018$91.3M then
State-registered IARs (5.B.3)9 as of Aug 28, 2026
Mar 13, 201710 then
Employees (5.A)24 as of Aug 28, 2026
Mar 13, 201721 then
Private funds: no history
RAUM +15% over the last fiscal year+19% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Aug 28, 2026; every figure names its basis
Archetypes, each a printed rule
  • Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • 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
RAUM per advisor
$38.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
51derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.2MderivedHNW RAUM over HNW clients
Average account
$270,255derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.2derivedItem 5.A over advisors
Advisors per office
5.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.3%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for investment companies, selection of other advisers, educational seminarsreportedItem 5.G
Custody
$189M, 290 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$197M47%
  • High-net-worth individuals$182M43%
  • Individuals$42.6M10%
  • Corporations and businesses$2.4M0.6%
  • Charitable organizations$160,4470.0%
Individual clients
403reported
HNW clients
153reported
Pension plan clients
0reported
Charitable clients
2reported
Accounts
1,570reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$189M for 290 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.53 fund_share=0.47 institutional_share=0.0 related_bd=false related_bank=false bd_reps=6.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Aaron Neal KennedyCertified Financial PlannerEastland, TxJul 28, 201626 y1
Angela Nicole Kennedy RobinsonCertified Financial Planner, Chartered Financial ConsultantEastland, TxJul 28, 201619 y1
Bret Dale RobinsonEastland, TxJul 28, 201614 y1
James Roy KennedyEastland, TxAug 4, 201636 y2
Jon Darrell McconahayEastland, TxMay 11, 202211 y1
Samuel Ethan BarkerEastland, TxApr 5, 202313 y0
Brent Anthony BibleEastland, TxApr 8, 202410 y0
Kade Brian SpargerCertified Financial PlannerEastland, TxSep 30, 202410 y0
David Michael CherryEastland, TxJan 17, 202613 y0
Tanner Ross CarterEastland, TxMay 15, 202610 y0
Derrick Jovon Gray GibbsEastland, TxJun 9, 202612 y2
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 9.1% of current headcount1 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Neal Aaron Kennedy · Membercontrol
    since 12/2017 · owns 25% to 50%
  • Roy James Kennedy · Managing Membercontrol
    since 08/2016 · owns 50% to 75%
  • Nicole Kennedy Angela Robinson · Membercontrol
    since 12/2017 · owns 25% to 50%
  • G Jonathan Kasting · Chief Compliance Officer
    since 11/2023 · owns less than 5%
Related persons
Schedule D 7.A
  • Briscoe & Associates LLC
    insurancen
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Eastland, Tx · principal1131
Offices
Schedule D 1.F, the 25 largest
  • Three Forks, MT2 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • client mix shiftChange between filings · filing Apr 7, 2026
    private-client share of RAUM moved from 99.0% to 53.0% between the annual amendments of 2025-04-21 and 2026-04-07
    peers: independent wealth managers, $100M to $500M (5,676)
  • HNW share shiftChange between filings · filing Apr 7, 2026
    HNW share of RAUM moved from 76.0% to 43.0% between the annual amendments of 2025-04-21 and 2026-04-07
    peers: independent wealth managers, $100M to $500M (5,676)
How anomalies are measured
What changed
consecutive filings, newest first
  • Succession · false to true
    Apr 7, 2026 to Aug 28, 2026
  • Related insurance company · true to false
    Mar 13, 2026 to Apr 7, 2026
  • Accounts · 1,544 to 1,570
    Jul 30, 2025 to Mar 13, 2026
  • Advisory activities · 4 to 5
    Jul 30, 2025 to Mar 13, 2026
  • Corporate clients · 13 to 12
    Jul 30, 2025 to Mar 13, 2026
  • HNW clients · 138 to 153
    Jul 30, 2025 to Mar 13, 2026
  • Individual clients · 390 to 403
    Jul 30, 2025 to Mar 13, 2026
  • Assets in custody · $160M to $189M
    Jul 30, 2025 to Mar 13, 2026
  • Employees · 25 to 24
    Jul 30, 2025 to Mar 13, 2026
  • Discretionary RAUM · $369M to $424M
    Jul 30, 2025 to Mar 13, 2026
  • HNW RAUM · $280M to $182M
    Jul 30, 2025 to Mar 13, 2026
  • Individual RAUM · $86.9M to $42.6M
    Jul 30, 2025 to Mar 13, 2026
  • RAUM · $369M to $424M
    Jul 30, 2025 to Mar 13, 2026
  • Financial planning clients · 1-10 to 1-10
    Apr 21, 2025 to Jul 30, 2025
  • Accounts · 1,460 to 1,544
    Nov 8, 2024 to Apr 21, 2025
  • Advisory employees · 7 to 9
    Nov 8, 2024 to Apr 21, 2025
  • Advisory activities · 5 to 4
    Nov 8, 2024 to Apr 21, 2025
  • Charity clients · 26 to 2
    Nov 8, 2024 to Apr 21, 2025
  • Corporate clients · 0 to 13
    Nov 8, 2024 to Apr 21, 2025
  • HNW clients · 121 to 138
    Nov 8, 2024 to Apr 21, 2025
  • Individual clients · 389 to 390
    Nov 8, 2024 to Apr 21, 2025
  • Assets in custody · $230M to $160M
    Nov 8, 2024 to Apr 21, 2025
  • Employees · 21 to 25
    Nov 8, 2024 to Apr 21, 2025
  • Financial planning clients · 101-250 to 1-10
    Nov 8, 2024 to Apr 21, 2025
  • State-registered IARs · 7 to 9
    Nov 8, 2024 to Apr 21, 2025
  • Discretionary RAUM · $284M to $369M
    Nov 8, 2024 to Apr 21, 2025
  • HNW RAUM · $188M to $280M
    Nov 8, 2024 to Apr 21, 2025
  • Individual RAUM · $88.3M to $86.9M
    Nov 8, 2024 to Apr 21, 2025
  • Non-discretionary RAUM · $2.8M to $0
    Nov 8, 2024 to Apr 21, 2025
  • RAUM · $286M to $369M
    Nov 8, 2024 to Apr 21, 2025
  • Other offices · 0 to 1
    Apr 2, 2024 to Nov 8, 2024
  • Accounts · 1,270 to 1,460
    Nov 17, 2023 to Feb 26, 2024
  • Charity clients · 23 to 26
    Nov 17, 2023 to Feb 26, 2024
  • HNW clients · 170 to 121
    Nov 17, 2023 to Feb 26, 2024
  • Individual clients · 462 to 389
    Nov 17, 2023 to Feb 26, 2024
  • Assets in custody · $246M to $230M
    Nov 17, 2023 to Feb 26, 2024
  • Employees · 20 to 21
    Nov 17, 2023 to Feb 26, 2024
  • Discretionary RAUM · $252M to $284M
    Nov 17, 2023 to Feb 26, 2024
  • HNW RAUM · $181M to $188M
    Nov 17, 2023 to Feb 26, 2024
  • Individual RAUM · $63.9M to $88.3M
    Nov 17, 2023 to Feb 26, 2024
Signals
9 dated events
  • Smart Money Group, Llc reported succeeding to the business of Smart Money Group, Llc (Form ADV Item 4)
    Aug 28, 2026 · Succession (Item 4) · fact
  • Matthew Scott Ervin left Smart Money Group, Llc for Forum Wealth Group (registered 2026-04-10)
    Jan 30, 2026 · Advisor changed firm · fact
  • Kim Stephanie Bush (Chief Compliance Officer) no longer on Schedule A of Smart Money Group, Llc (listed 2023-03-27, absent 2023-11-17)
    Nov 17, 2023 · Control person left · inference
  • Kim Stephanie Bush (Chief Compliance Officer) appeared on Schedule A of Smart Money Group, Llc
    Mar 27, 2023 · Control person joined · fact
  • Chancellor Kyle Stephenson left Smart Money Group, Llc for Fidelity Personal And Workplace Advisors (registered 2023-06-02)
    Oct 18, 2022 · Advisor changed firm · fact
  • Faye Jennifer Isham (Chief Compliance Officer) no longer on Schedule A of Smart Money Group, Llc (listed 2021-04-15, absent 2021-07-06)
    Jul 6, 2021 · Control person left · inference
  • Smart Money Group, Llc reported RAUM $196.5M, down 37% from $312.0M (2020-12-16 to 2021-03-05)
    Mar 5, 2021 · RAUM change · derived
  • Donald Bradley Foos (Managing Member) no longer on Schedule A of Smart Money Group, Llc (listed 2018-02-02, absent 2019-01-30)
    Jan 30, 2019 · Control person left · inference
  • Smart Money Group, Llc filed its initial SEC registration (Form ADV)
    Jun 9, 2016 · First SEC registration · fact
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
254-629-3866reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/kennedy-financial-servicesreportedpublic record, Form ADV, Sep 17, 2026
Website
SMARTMONEYGROUP.NETreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
254-629-3866reportedpublic record, Form ADV, Aug 28, 2026
Team page
smartmoneygroup.net/leadershipreportedpublished by the firm, firm site, Sep 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
$38.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026