Description of Services and Fees Smith Asset Management Co., LLC is a registered investment adviser primarily based in Chiefland, FL.
We are organized as a limited liability company, under the laws of the State of Florida. Benjamin Shannon Smith and Benjamin Larry Smith are our principal owners. Currently, we offer the following investment advisory services, which are personalized to each individual client:
•Portfolio Management Services
•Advisory Consulting Services The following paragraphs describe our services and fees. Refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we", "our" and "us" refer to Smith Asset Management Co., LLC and the words "you", "your" and "client" refer to you as either a client or prospective client of our firm.
Portfolio Management Services We offer discretionary and non-discretionary portfolio management services. Our investment advice is tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information at the beginning of our advisory relationship. We will use the information we gather to develop a strategy that enables our firm to give you continuous and focused investment advice and/or to make investments on your behalf. As part of our portfolio management services, we may customize an investment portfolio for you according to your risk tolerance and investing objectives. Once we construct an investment portfolio for you, we will monitor your portfolio's performance on an ongoing basis, and will rebalance the portfolio as required by changes in market conditions and in your financial circumstances.
If you participate in our discretionary portfolio management services, we require you to grant

our firm discretionary authority to manage your account. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm and the appropriate trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your account) by providing our firm with your restrictions and guidelines in writing. If you enter into non- discretionary arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf of your account.
Advisory Consulting Services We offer consulting services which primarily involves advising clients on specific financial-related topics or other extraordinary services beyond the normal scope of our Portfolio Management Services.
Wrap Fee Program(s) We do not currently offer wrap fee programs.
Types of Investments We primarily offer advice on exchange listed and over-the-counter equity securities, preferred stocks, corporate debt securities, commercial paper, certificates of deposit, mutual funds, exchange traded funds, US Government securities, and options contracts on securities.
4 Additionally, we may advise you on any type of investment that we deem appropriate based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
You may request that we refrain from investing in particular securities or certain types of securities. You must provide these restrictions to our firm in writing. Assets Under Management As of February 12, 2024, we provide continuous management services for $233,716,737 in client assets on a discretionary basis.