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

Stephen Smith Financial Inc.

Independent wealth managerSchaumburg, IllinoisCRD 339402SEC 801-134877websiteIAPD
Latest filing Jul 8, 2026
First filing on the tape Dec 4, 2025 · 5 filings
SEC status approved since Dec 3, 2025
RAUM
$129M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$129M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$64.5M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$129M as of Jul 8, 2026
Dec 4, 2025$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Jul 8, 2026
Dec 4, 20253 then
Employees (5.A)4 as of Jul 8, 2026
Dec 4, 20253 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Jul 8, 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$64.5MderivedRAUM 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
$281,659derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, educational seminarsreportedItem 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$129M100%
Individual clients
160reported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
458reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Stephen Richard SmithSchaumburg, IlDec 3, 202518 y4
Scott Robert SmithSchaumburg, IlDec 4, 202511 y2
Advisor movement
0 left, 2 joined in 12 months
net +2 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
    Every departureEvery arrival
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    No Schedule A on the extract for this adviser.
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Schaumburg, Il · principal220
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 0 to 458
      Feb 5, 2026 to Mar 18, 2026
    • Advisory employees · 3 to 2
      Feb 5, 2026 to Mar 18, 2026
    • Advisory activities · 2 to 4
      Feb 5, 2026 to Mar 18, 2026
    • Individual clients · unset to 160.0
      Feb 5, 2026 to Mar 18, 2026
    • Employees · 3 to 4
      Feb 5, 2026 to Mar 18, 2026
    • Financial planning clients · to 0
      Feb 5, 2026 to Mar 18, 2026
    • State-registered IARs · 3 to 2
      Feb 5, 2026 to Mar 18, 2026
    • Discretionary RAUM · $0 to $129M
      Feb 5, 2026 to Mar 18, 2026
    • Individual RAUM · unset to 129000000.0
      Feb 5, 2026 to Mar 18, 2026
    • RAUM · $0 to $129M
      Feb 5, 2026 to Mar 18, 2026
    • Insurance-licensed employees · 1 to 0
      Dec 4, 2025 to Feb 5, 2026
    • Related adviser · true to false
      Dec 4, 2025 to Feb 5, 2026
    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
    Website
    stephensmithfinancial.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    847-881-8996reportedpublic record, Form ADV, Jul 8, 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
    $64.5Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026