Smith, Brown & Groover, Inc. (Macon)


Smith, Brown & Groover, Inc. is a large advisory firm based in Macon. It manages $109 million of regulatory assets for 422 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of District of Columbia, Georgia, North Carolina, Ohio, and Tennessee.

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Smith, Brown & Groover provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and free trust & estate planning. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Smith, Brown & Groover: assets under management

The assets under management (AUM) of Smith, Brown & Groover, Inc. is $109 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 203% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $109 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $258.29 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Smith, Brown & Groover, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Raymond Hill Smith serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Raymond Hill Smith is individuals with 386 clients and $63.5 million of assets under management. Among the 10 most similar advisory firms, Smith, Brown & Groover has the 2nd highest percentage of individuals out of all clients.


The amount of regulatory assets under management is $109 million for 422 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, Brown & Groover doesn't advise any private funds.

Careers at Smith, Brown & Groover, Inc.

The company employs 11 people that are either part- or full-time employees. 55 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.

Raymond Hill Smith has been acting as President since 1 Jul 1992. Thomas Dewitt Jr. Gaither joined the executive team most recently as the General Securities Principal.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Marion Kathleen Smith Senior vice president 1 Jul 1967 Other 428335
Charlotte Joyce Reddick Schafer Vice president 1 Jul 1983 Other 705208
Raymond Hill Jr Smith General securities principal 1 Oct 1986 75% - 100% 731506
Raymond Hill Jr Smith President & chief executive officer 1 Jul 1992 75% - 100% 731506
Raymond Hill Smith Chairman 1 Jul 1992 Other 428598
Joan Elizabeth Hundertmark Vice pres & fin/op 1 Feb 1996 Other 1306794
Richard Charles Keil Vice president 1 Sep 1998 Other 2005770
Michael Andrew Bashuk Vice president 1 Sep 1998 Other 809250
Raymond Hill Jr Smith Chief compliance officer 1 Oct 2004 75% - 100% 731506
Walter Charles Bish Vice president 1 Jan 2008 Other 3214712
Raymond Hill Jr Smith Financial and operations principal and municipal securities principal 1 Jan 2011 75% - 100% 731506
Holli Cox Edwards Chief financial officer 1 Dec 2012 Other 5967474
Thomas Earl Jr Barfield Senior vice president 1 Sep 2013 Other 4518997
Thomas Dewitt Jr. Gaither General securities principal 1 Oct 2017 Other 6007486

Based in Macon

The principal office where Smith, Brown & Groover, Inc. performs its advisory services is located at 4001 Vineville Ave, Macon, GA 31210 5039, 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 478-474-7004 or by fax 478-474-8114. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at sbgwealth.com.