Robinson Smith Wealth Advisors, LLC (Portland)

Name: Robinson Smith Wealth Advisors, LLC
Address: 2 Monument Square, Portland, ME, 04101
Telephone: 207-874-9840

Robinson Smith Wealth Advisors, LLC is a large advisory firm based in Portland. It manages $230.33 million of regulatory assets for 870 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, Maine, Massachusetts, New Hampshire, and Texas.

Robinson Smith Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Robinson Smith Wealth Advisors: assets under management

The assets under management (AUM) of Robinson Smith Wealth Advisors, LLC is $230.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 47% since the beginning of its operation, and $277.82 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $230.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $264.74 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Robinson Smith Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robinson Smith Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Robinson Smith Wealth Advisors is high net worth individuals with 85 clients and $195.72 million of assets under management. Among the 13 most similar advisory firms, Robinson Smith Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $228.76 million for 156 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Robinson Smith Wealth Advisors doesn't advise any private funds.

Careers at Robinson Smith Wealth Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
David Preston Robinson	Managing member and chief compliance officer	1 Jan 1995	50% - 75%	1945375
David Michael Smith	Managing member	1 Feb 2013	25% - 50%	2206751
Tracey Meyers Daigle	Chief compliance officer	1 Jan 2017	Other	6706521
Tracey M Daigle	Chief compliance officer	1 Jan 2017	Other	6706521

Based in Portland

The principal office where Robinson Smith Wealth Advisors, LLC performs its advisory services is located at 2 Monument Square, Portland, ME 04101, which is also the mailing address of the firm. An additional office of the firm is in Portsmouth, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 207-874-9840 or by fax 207-874-9047. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at robinsonsmithwealth.com.