Overview
ADV Part 2A – Firm Brochure Page 5 Smart Money Group, LLC
that all the information and documents requested from the client are provided promptly, plans or
consultations are typically completed within 6 months of the client signing a contract with our firm.
Referrals to Third Party Money Managers:
Our firm may utilize the services of a third-party money manager for the management of client accounts.
Investment advice and trading of securities will only be offered by or through the chosen third-party
money manager. Our firm will not offer advice on any specific securities or other investments in
connection with this service. Prior to referring clients, our firm will provide initial due diligence on third
party money managers and ongoing reviews of their management of client accounts. In order to assist
in the selection of a third-party money manager, our firm will gather client information pertaining to
financial situation, investment objectives, and reasonable restrictions to be imposed upon the
management of the account.
Our firm will periodically review third party money manager reports provided to the client at least
annually. Our firm will contact clients from time to time in order to review their financial situation
and objectives; communicate information to third party money managers as warranted; and, assist
the client in understanding and evaluating the services provided by the third-party money manager.
Clients will be expected to notify our firm of any changes in their financial situation, investment
objectives, or account restrictions that could affect their financial standing.
Educational Workshops
On a limited basis, the firm provides educational credit counseling workshops.
Tailoring of Advisory Services
Our firm offers individualized investment advice to our Portfolio Management clients. General
investment advice will be offered to our Financial Planning & Consulting, and Referrals to Third Party
Money Management clients. Portfolio Management clients have the opportunity to place reasonable
restrictions on the types of investments to be held in the portfolio. Restrictions on investments in
certain securities or types of securities may not be possible due to the level of difficulty this would
entail in managing the account.
Participation in Wrap Fee Programs
A wrap fee program is an investment program wherein the investor pays one stated fee that includes
management fees, transaction costs, and certain other administrative fees. Our firm does not
participate in any wrap fee programs.
Regulatory Assets Under Management
As of December 31, 2022, our firm manages $254,115,118.00 on a discretionary basis and
$2,014,566.00 on a non-discretionary basis.
ADV Part 2A – Firm Brochure Page 6 Smart Money Group, LLC
Compensation for
Our Advisory Services
Portfolio Management:
The maximum annual fee charged for this service will not exceed 2.00%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the Client. Annualized fees are billed quarterly in
advance based on the value of the account at the end of the previous quarter. Fees are negotiable and
will be deducted from client account(s). Adjustments will be made for deposits and withdrawals
during the quarter. In rare cases, our firm will agree to directly invoice. As part of this process, Clients
understand the following:
a) The client’s independent custodian sends statements at least quarterly showing the market
values for each security included in the Assets and all account disbursements, including the
amount of the advisory fees paid to our firm;
b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
firm will send an invoice directly to the custodian; and
c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
information provided in our statement with those from the qualified custodian will be
included.
Financial Planning & Consulting:
Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
engagement with the client. The maximum hourly fee to be charged will not exceed $350. Flat fees
will not exceed $50,000. The fee-paying arrangements for this service will be determined on a case-
by-case basis and will be detailed in the signed consulting agreement. Clients will be invoiced directly
for the fees. We do not require or solicit prepayment of more than $1,200 in fees per client, six months
or more in advance.
Referrals to Third Party Money Managers:
The total annual advisory fee for this service shall not exceed 3.00%. A portion of this fee will be paid
to our firm and will be outlined in the third-party money manager’s advisory agreement to be signed
by the client. Clients will be provided with a copy of the chosen third-party money manager’s Form
ADV Part 2, all relevant Brochures, a solicitation disclosure statement detailing the fees to be paid to
both firms and the third-party money manager’s privacy policy. All fees that our firm receives from
the third-party money managers and the written separate disclosures made to clients regarding
these fees comply with applicable state statutes and rules. The billing procedures for this service vary
based on the chosen third-party money manager. The total fee to be charged, as well as the billing
cycle, will be detailed in the third-party money manager’s ADV Part 2A and separate advisory
agreement to be signed by the client.