Smith Shellnut Wilson LLC (Madison)


Smith Shellnut Wilson LLC is a large advisory firm based in Madison. It manages $2.61 billion of regulatory assets for 522 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arkansas, Louisiana, Mississippi, and Texas.

Smith Shellnut Wilson provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and security ratings or pricing services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Smith Shellnut Wilson: assets under management

The assets under management (AUM) of Smith Shellnut Wilson LLC is $2.61 billion. The firm's AUM has grown by 201% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $773.45 million in discretionary accounts and $1.83 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.55 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $76.43 million.

Investments

The firm invests in government bonds the most. They account for 55% of the total AUM. The second-largest asset type is state and local bonds, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Smith Shellnut Wilson LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Smith Shellnut Wilson serves?

The firm provides services to individuals, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Smith Shellnut Wilson is banking or thrift institutions with 37 clients and $1.83 billion of assets under management. Among the 9 most similar advisory firms, Smith Shellnut Wilson has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $2.6 billion for 366 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Smith Shellnut Wilson doesn't advise any private funds.

Careers at Smith Shellnut Wilson LLC

The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Smith Frank Winbourne Principal 1 Jun 1995 50% - 75% xxx-xx-xxxx
Frank Winborne Smith Principal 1 Jun 1995 25% - 50% 4469624
Johnson William Parks Sr. Principal 1 Aug 1998 50% - 75% xxx-xx-xxxx
Sr. William Parks Johnson Principal 1 Aug 1998 25% - 50% 4469585
Kenneth Monroe Lott Principal / cfo 1 Oct 2001 Other 4468666
Raymond Farris Thompson Principal 1 Oct 2001 Other 1855636
Frank Donald Janous Principal 1 Jul 2004 Other 5035706
Jr. William Parks Johnson Principal 1 Jan 2005 Other 5035708
George Henry Borg Principal 1 Jan 2005 Other 5032063
Frank Winbourne Smith Principal 1 Feb 2009 Other 4502633
Steven Patrick Given Principal - chief compliance officer / coo 1 Feb 2009 Other 5758987
Frank Winborne Smith Principal - ceo - chief compliance officer - managing member 1 Feb 2012 25% - 50% 4469624

Based in Madison

The principal office where Smith Shellnut Wilson LLC performs its advisory services is located at 150 Fountains Blvd, Madison, MS 39110, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 601-605-1776 or by fax 601-605-1710. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at ssw1776.com.