Changing Parameters, Llc
- Regulatory AUM
- $105M
- Discretionary
- $105M
- Clients
- 115
- Avg AUM / client
- $916K
- Accounts
- 249
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Mar 13, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 67 | $17.7M | 16.8% |
| High net worth individuals | 42 | $81.0M | 76.8% |
| Investment companies | 1 | $0 | — |
| Pension and profit sharing plans | Fewer than 5 clients | $3.9M | 3.68% |
| Corporations and other businesses | 5 | $2.0M | 1.94% |
| Other | Fewer than 5 clients | $769K | 0.73% |
People (2)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Howard Paul Smith | Managing Member, President, Chief Compliance Officer | Jul 2004 (22y) | 75% or more | |
| Nicholas Winstead | Registered representative | Sep 2022 (4y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/13/2026 | 899 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- U.S. Bank $95.3M (90% of AUM) Mar 2026
- The Huntington Investment Company $94.8M (90% of AUM) Jan 2026
- Nationwide Investment Services Corporation $7.7M (10% of AUM) Jun 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 13, 2026.
View current Form ADV (SEC/IAPD) ↗