Firm Description
Glassy Mountain Advisors, Inc. (“Glassy Mountain Advisors,” “the firm,” “us,” “we,” or
“our”) was founded in 2021 by R. Jordan Smyth, Jr. Glassy Mountain Advisors is a SEC-
registered independent investment advisory firm located in Bethesda, Maryland with
additional offices in Charlotte and Raleigh, North Carolina. The firm provides wealth
management services, including investment management and financial planning, to
individual and institutional clients.
Principal Owner
The principal owner of Glassy Mountain Advisors is R. Jordan Smyth, Jr., who is the
President, Senior Wealth Advisor, and Chief Compliance Officer (“CCO”).
Investment Advisory Services
Glassy Mountain Advisors provides personalized wealth advisory services. We start with
a comprehensive review of each client’s investment objectives and financial position, and
we use information gathered to develop and implement an asset allocation strategy tailored
to the client’s specific situation and investment goals. We then construct an appropriate
portfolio, typically including equities and income-generating investments. After
establishing a portfolio, we review it regularly to ensure that it continues to serve our
client’s needs.
Most portfolios include a combination of individual securities, mutual funds, and
exchange-traded funds (“ETFs”). Some portfolios include only mutual funds and ETFs.
Glassy Mountain Advisors manages accounts on a discretionary basis. We also identify
investment restrictions or other limitations the client would like to place on our
discretionary authority (if any).
Our standard minimum account opening balance is $1,000,000, which may be negotiable
based upon certain circumstances. For clients with less than $1,000,000, we typically
provide portfolios of mutual funds and ETFs.
When Glassy Mountain Advisors provides investment advice to a client regarding the
client’s retirement account, we are fiduciaries within the meaning of Title I of the
Employee Retirement Income Security Act
and/or the Internal Revenue Code, as
applicable, which are laws governing retirement accounts. The way we make money
creates some conflicts with our clients’ interests, so we operate under a special rule that
requires us to act in our clients’ best interest and not put our interest ahead of our clients’.
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Financial Planning Services
As part of its overall services, Glassy Mountain Advisors also offers financial planning
services to its clients, at no additional charge to its investment advisory services. Financial
planning involves the collection and examination of comprehensive information about the
client’s current financial position, including assets, liabilities, income, insurance coverage,
and other elements. We generally use this information to prepare a plan that includes
forecasts of future assets and income.
Glassy Mountain Advisors does not offer financial planning services to non-clients.
Client Assets
As of our most recent calculation on December 31, 2023, we had $ 278,031,103 in
discretionary assets under management. We do not have any non-discretionary assets under
management.
Held-Away Accounts
Glassy Mountain Advisors may provide investment advisory services on held-away
accounts, which are certain employer-sponsored retirement accounts for which Glassy
Mountain Advisors is providing limited services. The investment advisory services we
provide on held-away accounts are limited to selection from among the investment options
approved by the plan administrator or product provider and may be subject to other service
limitations, as disclosed to the client in a separate written agreement.
If a client elects to engage our investment advisory services for held-away accounts, Glassy
Mountain Advisors may use a third-party intermediary’s order management system to
facilitate trading activities. The client will be required to enter into a user agreement with
the third party detailing the arrangement. For additional information regarding fees and
costs, see Item 5.