Chas. P. Smith & Associates, Pa, Cpa's (Lakeland)

Name: Chas. P. Smith & Associates, Pa, Cpa's
Address: 205 East Orange Street #310, Lakeland, FL, 33801
Telephone: 863-688-1725

Chas. P. Smith & Associates, Pa, Cpa's is a large advisory firm based in Lakeland. It manages $1.16 billion of regulatory assets for 4,831 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Arizona, California, and 13 other states.

Chas. P. Smith & Associates, Pa, Cpa's provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Chas. P. Smith & Associates, Pa, Cpa's: assets under management

The assets under management (AUM) of Chas. P. Smith & Associates, Pa, Cpa's is $1.16 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 351% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.16 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $239.1 thousand each.

Chas. P. Smith & Associates, Pa, Cpa's has custody of $15.8 million in cash and securities for 82 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in investment and business development companies form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chas. P. Smith & Associates, Pa, Cpa's for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Peter Charles Golotko serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Peter Charles Golotko is individuals with 4,437 clients and $833.93 million of assets under management. Among the 8 most similar advisory firms, Chas. P. Smith & Associates, Pa, Cpa's has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.16 billion for 4,831 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.

Chas. P. Smith & Associates, Pa, Cpa's doesn't advise any private funds.

Careers at Chas. P. Smith & Associates, Pa, Cpa's

The company employs 14 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There are 15 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.

Peter Charles Golotko has been acting as President since 1 Jan 1998. Michael Aaron Riskin joined the executive team most recently as the Treasurer/Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Phelan Smith	President/treasurer/director	1 Nov 1980	50% - 75%	2214693
Iii Frank Marsh Ashley	Vice president/director	1 Nov 1980	25% - 50%	2578195
James Martin Luffman	Vice president/secretary/director	1 Jan 1996	50% - 75%	2578257
Peter Charles Golotko	Vice president/director/chief compliance officer	1 Jan 1998	50% - 75%	3032495
Michael Aaron Riskin	Treasurer/director	1 Jul 2017	Other	5762338

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Patricia Jill Ashley	Spouse/ria	1 Nov 2003	Other	2985259

Based in Lakeland

The principal office where Chas. P. Smith & Associates, Pa, Cpa's performs its advisory services is located at 205 East Orange Street #310, Lakeland, FL 33801, which is also the mailing address of the firm. An additional office of the firm is in The Villages, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 863-688-1725 or by fax 888-972-5548. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at cpalliance.com.