Smith Group Asset Management, Llc
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 313265
· SEC file 801-120777
· Dallas, TX
· www.cantorassetmanagement.com
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ADV data as of Jul 10, 2026
- Regulatory AUM
- $1.4B
- Discretionary
- $1.4B
- Clients
- 2,320
- Avg AUM / client
- $608K
- Accounts
- 2,320
- Employees
- 14
AUM over time
$1.4B
$2.3B
Jul 2021
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 10, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 2,299 | $782M | 55.5% |
| Investment companies | 2 | $39.4M | 2.79% |
| Pension and profit sharing plans | 5 | $137M | 9.73% |
| Charitable organizations | 4 | $182M | 12.9% |
| State or municipal government entities | 4 | $230M | 16.3% |
| Corporations and other businesses | 6 | $39.3M | 2.79% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Electrical Workers Local No. 292 Defined Contribution And 401 K Plan Trustees Electrical Workers Local No.292 Defined Contribution And 401 K | 2024 | |
| Electrical Workers Local No. 292 Pension Plan Trustees Electrical Workers Local No.292 Pension Plan | 2024 |
People (13)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Smith, Stephen, Spencer | Ceo, Chairman Of Investment Committee | Apr 2008 (18y) | ≈ 1.56% – 12.5% via Smith Group Employee Partner 1, Llc | |
| Lutnick, Howard, William | Sole Trustee | May 2009 (17y) | ≈ 5.27% – 37.5% via Howard W. Lutnick Personal Asset Trust | |
| Jones, John, Joseph | Senior Managing Director & Secretary | Feb 2021 (6y) | Less than 5% | |
| Kaplan, Mark, Elliot | Chief Operating Officer | Feb 2021 (6y) | Less than 5% | |
| Millard, Michael, Gerard | Senior Vice President | Feb 2021 (6y) | Less than 5% | |
| Paulson, Kenneth, Michael | Chief Financial Officer | Feb 2021 (6y) | Less than 5% | |
| John David Brim | President And Chief Investment Officer | CFA | Jul 2021 (5y) | Less than 5% |
| Ferri, William, Joseph | Global Head Of Asset Management | Jun 2022 (4y) | Less than 5% | |
| Walter Desmond Karle | Chief Compliance Officer | CFP | Sep 2023 (3y) | Less than 5% |
| Christopher Martin Zogg | Registered representative | CFA | Jul 2021 (5y) | |
| William Ketterer | Registered representative | CFA | Aug 2021 (5y) | |
| Eivind Olsen | Registered representative | CFA | Sep 2021 (5y) | |
| Owen Burns | Registered representative | Jan 2023 (4y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cantor Fitzgerald Investment Advisors | Managing Member | Feb 2021 | A | 50% – 75% |
| Smith Group Asset Management | Member | Jul 2021 | A | 25% – 50% |
| Cantor Fitzgerald Investment Advisors Holdings, Llc | Member | Feb 2010 | B | ≈ 37.5% – 75% via Cantor Fitzgerald Investment Advisors |
| Cantor Fitzgerald, L.P. | Sole Member | Jun 2005 | B | ≈ 28.13% – 75% via Cantor Fitzgerald Investment Advisors Holdings, Llc |
| Howard W. Lutnick Revocable Trust | Shareholder | Nov 2011 | B | 75% or more of Cf Group Management, Inc. (indirect) |
| Howard W. Lutnick Personal Asset Trust | Limited Partner | Nov 2011 | B | ≈ 7.03% – 37.5% via Cantor Fitzgerald, L.P. |
| Smith Group Employee Partner 1, Llc | Limited Partner | Apr 2008 | B | ≈ 6.25% – 25% via Smith Group Asset Management |
| Cf Group Management, Inc. | Managing General Partner | Jan 2010 | B | GP / trustee / elected manager of Cantor Fitzgerald, L.P. (indirect) |
| Dallas Advisors, Llc | General Partner | Jan 2008 | B | GP / trustee / elected manager of Smith Group Asset Management (indirect) |
| Smith Group Employee Partner 2, Llc | Limited Partner | Apr 2008 | B | GP / trustee / elected manager of Smith Group Asset Management (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Smith, Stephen, Spencer: 25% – 50% of Smith Group Employee Partner 1, Llc × 25% – 50% of Smith Group Asset Management × 25% – 50% direct ≈ 1.56% – 12.5% of the firm
- Lutnick, Howard, William: 75% – 100% of Howard W. Lutnick Personal Asset Trust × 25% – 50% of Cantor Fitzgerald, L.P. × 75% – 100% of Cantor Fitzgerald Investment Advisors Holdings, Llc × 75% – 100% of Cantor Fitzgerald Investment Advisors × 50% – 75% direct ≈ 5.27% – 37.5% of the firm
- Cantor Fitzgerald Investment Advisors Holdings, Llc: 75% – 100% of Cantor Fitzgerald Investment Advisors × 50% – 75% direct ≈ 37.5% – 75% of the firm
- Cantor Fitzgerald, L.P.: 75% – 100% of Cantor Fitzgerald Investment Advisors Holdings, Llc × 75% – 100% of Cantor Fitzgerald Investment Advisors × 50% – 75% direct ≈ 28.13% – 75% of the firm
- Howard W. Lutnick Personal Asset Trust: 25% – 50% of Cantor Fitzgerald, L.P. × 75% – 100% of Cantor Fitzgerald Investment Advisors Holdings, Llc × 75% – 100% of Cantor Fitzgerald Investment Advisors × 50% – 75% direct ≈ 7.03% – 37.5% of the firm
- Smith Group Employee Partner 1, Llc: 25% – 50% of Smith Group Asset Management × 25% – 50% direct ≈ 6.25% – 25% of the firm
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.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Electrical Workers Local No. 292 Defined Contribution And 401 K Plan | Trustees Electrical Workers Local No.292 Defined Contribution And 401 K | 5,698 | $1.2B | 05/01/2024 |
| Electrical Workers Local No. 292 Pension Plan | Trustees Electrical Workers Local No.292 Pension Plan | 2,466 | $447M | 05/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/10/2026 | 1.22 MB | 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
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $888M (42% of AUM) Jan 2025
- Umb Financial Services, Inc. $799M (57% of AUM) Jul 2026
- UBS $701M (50% of AUM) Jul 2026
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: Jul 10, 2026.
View current Form ADV (SEC/IAPD) ↗