Smith Financial
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Smith Financial serves individual investors — including high net worth clients — as well as retirement plans, charitable foundations and other institutional clients, offering investment supervisory services, comprehensive financial planning, retirement-plan consulting, insurance review, estate planning and business consulting. The firm documents agreed services in written engagement agreements and gathers comprehensive financial information to inform planning and investment decisions.
The firm constructs long-term, risk-based portfolios primarily using mutual funds and exchange-traded funds, guided by Modern Portfolio Theory and a set of seven model allocations that advisors customize for tax considerations, cash-flow needs and a client’s other holdings. A substantial portion of assets are managed on a discretionary basis, with a generally low turnover approach and tactical use of fixed income or cash equivalents to fund near-term client needs.
Distinctive features include formal affiliations with an insurance agency and with a law practice, in which firm principals and staff spend a portion of their time and for which they may receive fees or commissions or make referrals; these affiliations are disclosed to clients and are less common among peer firms. The firm also maintains standing letters of authorization for some accounts, performs limited bill-pay services on request, retains custody to withdraw fees, and undergoes an annual surprise examination to verify client assets.
Client services
Expertise
Occupation focus
Fee options
Flat negotiated fees for consultations and advice not involving securities, payable in advance.
$0 - $1,000,000: 1.0% $1,000,001 - $2,000,000: 0.50% $2,000,001 - $3,000,000: 0.40% $3,000,001+: 0.25%
Hourly charges are reported by the firm in Part 1, but no specific hourly rates are disclosed in the brochure.
Fee-only: Negotiated flat fees for financial, estate, and insurance planning services; fees are payable in advance and based on complexity and time required.
Main office
1830 S. Plate St.
Kokomo IN 46902
Advisors at this office
3
Most active in
Florida · Indiana
Also doing business as
Idl Advisors, Inc. · Smith Financial · Smith Financial Investment Advisors, Inc.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Lawyer
They provide legal services, typically billed separately.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Aaron S
Series 63, Series 66
Kokomo, IN
Smith Financial
Aaron Smith is a financial advisor at Smith Financial with 26 years of industry experience. He holds Series 63 and Series 66 designations and has worked at Mercap Securities, LLC since 2014 while maintaining a long tenure with Smith Financial Corp beginning in 1993. Outside of his advisory role, Smith serves as an investment committee member for the Community Foundation of Howard County, vice president of development for the Boy Scouts of America Sagamore Council, treasurer of the Rotary Club of Kokomo, and is the proprietor of Aaron Smith Law Services. Smith Financial serves individual investors, including high net worth clients, as well as retirement plans, charitable foundations, and other institutional clients. The firm offers investment supervisory services, financial planning, retirement-plan consulting, insurance review, estate planning, and business consulting, utilizing long-term, risk-based portfolios primarily composed of mutual funds and ETFs.
Blake B
CFP®, Series 65
Kokomo, IN
Smith Financial
Blake Brutus is a CFP® and holds a Series 65 license, currently with Smith Financial in Kokomo, IN. He has six years of industry experience, including previous roles at Aetna-Continental Life Insurance and Logo USA. He has been with Smith Financial since 2019. Smith Financial serves individual investors, including high net worth clients, as well as retirement plans, charitable foundations, and other institutional clients. The firm emphasizes long-term, risk-based portfolio management using mutual funds and ETFs, guided by Modern Portfolio Theory and customizable model allocations.
Richard S
ChFC®, Series 63
Kokomo, IN
Smith Financial
Richard Smith is a ChFC®-designated financial advisor with 40 years of industry experience. He is president of Smith Financial Investment Advisors, Inc. and has worked at Mercap Securities, LLC since 2014. Smith is also involved as a board member and finance committee member of the Community Foundation of Howard County and participates in fundraising efforts for the YMCA of Kokomo. Smith Financial Investment Advisors, Inc. provides investment supervisory services and comprehensive financial planning to individuals, retirement plans, charitable institutions, foundations, and endowments. The firm constructs long-term, risk-based portfolios primarily using mutual funds and ETFs, employing Modern Portfolio Theory and customized portfolios to address client tax needs, cash flow, and risk tolerance.
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