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Overview

Services

Advisor Services

  • Financial Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
  • Insurance

  • Pension Consulting
    • -401k
    • -Defined Benefit
  • Portfolio Management
    • -Individuals and/or Small Businesses

Funds

Funds Used With Clients

There are no funds listed for this advisor at this time.

Firm Client types

Qualifications

Experience

No timeline events available.
Employer Years Dates
Smith Capital Management, LLC 10 years, 3 months Apr 2009 - Present
Smith Capital Management, LLC 10 years, 4 months Mar 2009 - Present
Acacia Life Insurance Co 15 years, 11 months Aug 2003 - Present
Acacia National Life Insurance Co 15 years, 11 months Aug 2003 - Present
Ameritas Investmnet Corp 5 years, 8 months Aug 2003 - Apr 2009
Ameritas Life Insurance Corp 17 years, 7 months Dec 2001 - Present

Designations & Memberships

  • Accredited Investment Fiduciary
    Designation
    Accredited Investment Fiduciary
    The Accredited Investment Fiduciary® (AIF®) designation represents a thorough knowledge of and ability to apply the fiduciary practices.
  • Chartered Financial Consultant
    Designation
    Chartered Financial Consultant
    Invididuals holding this designation understand the fundamentals of financial planning, including income tax, insurance, investment and estate planning.
  • Chartered Retirement Plans Specialist
    Designation
    Chartered Retirement Plans Specialist
    The CRPS Program is specifically targeted at professionals who design, install, and maintain retirement plans for the business community.

Articles and Answers

Insights by Edward Smith

    *Articles are published by advisors without compensation.

    Answers

    Ask a financial questionAsk a question
    What are the advantages of using a commission based financial advisor?
    Some people might say that if you have a small amount of assets or if you are a buy and hold type of investor you might be better off with a commission based representative. I can only tell you that when I left the commission world and became a fee based advisor I had never felt so liberated in my l...  (more)
    Answered Mar 2012
    What is a well-balanced portfolio?
    Hi Lavinia,You have no idea how much an advisor likes to hear the correct question framed the correct way. What would a diversified portfolio look like for me? Awesome question, so many people ask, "What is a good investment?” It is not about one investment it is about what mix of investments and w...  (more)
    Answered Apr 2012
    Should both spouses have life insurance coverage?
    Hi Tayna,The answer is yes. Everyone else has already done a good job answering your question, especially Bob speaking from personal experience. Even before I started my investment advisory business I sold life insurance for years. I always advised couples to put some insurance on the spouse that d...  (more)
    Answered Apr 2012
    How does a Broker of Record compare to an Advisory/Fiduciary relationship?
    I have to just say thanks to all my fellow advisors who have answered this question so well. I just can't see why any plan sponsor whould not want to share their fiduciary responsibility with an advsior that is willing to take on that fiduciary role. As an independent RIA I love the feeling of knowi...  (more)
    Answered Apr 2012
    When you research stocks, how important is P/E?
    I take it under consideration, however there are a lot of other things that matter just as much or more like price to book in my opinion. Also you have to be careful that the P/E ratio is not the trailing P/E. Past performance does not guarantee future results....  (more)
    Answered Mar 2012
    Largest Insurance company retirement plan providers?
    Hi Cody,You can't beat the advice David has given you. An RIA can act as the named 3(38) FIDUCIARY even on a plan that is administered by an insurance company. But also keep in mind there a other 401(k) providers and administrators that have nothing to do with insurance providers. These companies u...  (more)
    Answered Mar 2012
    Should I purchase an Annuity for my retirement?
    I like the answers given and will add a little something. Because the recent Mega Millions lottery was on everybody's mind people are always asking would you take the yearly payout or the lump sum. My answer has always been the lump sum. I calculated the annual income I could spin off that lump sum ...  (more)
    Answered Apr 2012
    What are the benefits of dollar-cost averaging?
    I agree will all the advice so far and will add this. Once you have accumulated a little bit of wealth there is nothing wrong with moving that money to a safer investment and then dollar cost average your existing funds back into the market. Most people think that dollar cost averaging is for new mo...  (more)
    Answered Apr 2012
    What Do You Think About Penny Stocks?
    Have you ever saw what lurks at the bottom of a pond. Do you really want to fish there? Try investing and do not speculate....  (more)
    Answered Apr 2012
    What are some good low-cost recordkeepers outside of the well-known brands?
    Mel I have to agree with all the gentlmen that have answer before me. It depends on your specific situation. The best low cost company that I have found is Employee Fiduciary for plans with under 60 employees. Employee Fiduciary acts as a record keeper and an administrator. A lot of providers will c...  (more)
    Answered Mar 2012
    Does claiming my 20 year old son as a dependent impact his financial aid?
    Hi Kala,Thanks for the question. There are of course a few different things that determine whether or not you can claim someone or not. However, as I understand it, it used to matter who claimed the student but the government changed the rules. Now to qualify for virtually any kind of needs-based f...  (more)
    Answered Mar 2012
    What should I do if I contributed too much to my 401k?
    First of all, congratulations on being able to max out your contributions in this economic enviroment. Here is my understanding.If you don't correct an excess contribution, you'll end up with double taxation: you're taxed on that money in the year you earn it and also in the year you take the money ...  (more)
    Answered Mar 2012
    WHERE CAN I FIND A RATING ON ALL 401K PLANS ?
    BrightScope has ratings on larger plans but on smaller plans it may be a little more difficult. I provide a benchmarking service to my clients but it is done by manually inputting thier plans inforamtion into a program I use and then I can show them what they have compared to other plans. One of the...  (more)
    Answered Mar 2012
    Is it too late to invest in gold?
    There was a time when gold was looked at a hedge against inflation. However due to the access from gold exchange traded funds and other speculators gold has become a lot more actively traded and has become much more volatile. I believe the market is mostly efficient and therefore the only way for yo...  (more)
    Answered Mar 2012
    Are corporations trending toward retirement buyout/packages with high cash stocked up and a need to lower aged employee to hire young, innovative employees?
    I haven't followed this issue very closely. A lot of my client's are self employed or small business owners. I know companies do this though. I think everyone’s situation is different. If you have a good job I don't think I would take a buyout unless I was either young enough to start over and my sk...  (more)
    Answered Apr 2012
    How do I get an auto loan?
    Hi Aleksandr,All this advice is good but I have to add something here. I have some clients in the auto industry and if you find the dealership group in your area that does the most business normally they have the most contacts and sometimes the best programs. My son financed his car through a credi...  (more)
    Answered Apr 2012
    Can I make salary-deferral contributions to two employer-sponsored 401k plans?
    Hi Mason,All these answers are correct the only thing I would add is if you are working more than one job and have more than one 401(k) plan. You might want to contribute what ever amount gets you the employer match in each plan. Then if you have the ability to invest more than that, then figure ou...  (more)
    Answered Apr 2012
    Can I borrow money from my Employee Stock Ownership Plan?
    It is my understanding that an employee that is participating in an employee stock ownership plan known as an ESOP can only borrow against their plan in order to buy more shares in the company or a small number of shares in another company. The employee cannot use the ESOP to borrow money for instan...  (more)
    Answered Mar 2012
    With the financial crisis occurring in Europe right now, is it smart for me to start investing in the stock market?
    Invest according to your risk tolerance and time horizon. Stay diversified and rebalance on the dips and peaks. When adding new money dollar cost average that money into the market and then go live your life. ...  (more)
    Answered Apr 2012
    Is it a good idea to invest in my company's stock?
    All of the answers so far have been spot on. However the only thing I will add is it also depends on how much you have invested outside of your 401(k). If you have a significant portion of your overall portfolio in an IRA for instance, a inherited trust account or individual brokerage account (this ...  (more)
    Answered Mar 2012
    Are there any rewards credit cards that are worth signing up for?
    Hi Monique, I have to admit I do this too. I guess the only consideration is the annual fee and whether or not you can truly pay it off evry month. I use the regular American Express. I have my cell phone bill, cable bill, groceries and a few other things added to it. I actully go home and make a di...  (more)
    Answered Mar 2012
    Should I play it safe now that I'm retired?
    Hi Lionel, I agree with the previous answers as well but Danny's answer includes a financial plan. I don't know how complicated your life is but I do know there is more that goes into retirement planning than just investments. You need to make sure you have your debt paid down, adequate emergency re...  (more)
    Answered Mar 2012
    What are the most common non-conformities and opportunities for improvement in 401(k) Plans Found in Fiduciary Assessments?
    I concur with David. If you have no precepts to follow then you make a mess of things. I also hold the Accredited Investment Fiduciary designation and I have found it invaluable. FI360 gives us the 22 global fiduciary precepts to follow. If you follow these steps you will build and maintain a wonder...  (more)
    Answered Mar 2012
    Can I contribute to two 401k plans?
    I think the only exception to Jim's answer is if you are a public employee and have access to a 457 government plan plus another retirement plan (not two 401k plans). Your total contribution may be able to be higher in that situation....  (more)
    Answered Mar 2012
    Should I withdraw money from my brokerage account to invest in a Roth IRA and pay off a loan?
    HI Davin,I agree with all of the advice thus far. You need someone that understands your whole picture in California. Potential tax implications affect every decision we make. You need an emergency fund that would cover 4 to 6 months of your expenses. Paying off the loan @ 6.8% is like earning a gu...  (more)
    Answered Dec 2015
    Waitress/taxes coming up?
    First of all I apologize for all the people that stiff you on not tipping. My son's girlfriend was a waitress and I know how hard you work. I have done my own taxes for years using turb tax. It is not as hard as one might think. Just make yourself a cup of coffee, take your time and make sure you re...  (more)
    Answered Mar 2012
    LSW/National Life Group for retirement??
    All of the advisors have given you good advice and I will add my two cents. I sold cash value life insurance for years. A while back after educating myself I had a serious change of heart. The insurance companies I represented back then would only teach you how and why to sell more life insurance. T...  (more)
    Answered Apr 2012
    How can i find out what my account balance is?
    You will have to be more specific. Your account balance in what? If it is a retirment account, life insurance policy, bank account, 529, etc. there should be a way to access that information online by registering on the website provided by the institution that has your money. If you don't have acces...  (more)
    Answered Mar 2012
    I recently got married, is it a good idea for my wife and I to write wills now?
    Both of the previous advisors have given you good advice. The only thing I would add is that if you think you may be inheriting assets that you were intitled to before you were married and you are not sure you would want to leave them to your new spouse or her future spouse if something were to happ...  (more)
    Answered Mar 2012
    Does 'forgiven debt' count as taxable income?
    Unfortunately after you deal with the creditors the tax man shows up. The IRS does consider forgiven debt taxable income. And every lender who agrees to accept more than $600 less than you originally owed them are required to report it to the IRS by filing the 1099C....  (more)
    Answered Mar 2012
    Where would you put leftover cash after you fund your 401k and if you have no debt?
    All of the above are great answers, however it all depends on what Barry said. If you are going to be in a lower tax bracket or the same when you retire the Roth really doesn't mean much. i like the emergency fund and low cost ETF idea. Exchange Traded Funds have very low fees, very low turn over an...  (more)
    Answered Mar 2012
    My kids have a life insurance plan from my deceased mother in law and I do not know how to get it for them?
    All other the other answers are good. The only thing I might add is if you feel like you are getting no where you might call the Insurance Commissioners office in your state and ask for help. They may be able to assist you....  (more)
    Answered Jan 2015
    What kind of liability insurance will I need?
    Call an independent agent that offers commercial insurance. Buy a good policy and then consider an umbrella policy to take your limits even higher....  (more)
    Answered Jan 2015
    My insurance agent says their are no fees for the investment products he wants to sell me.  How can he make a living if the products he sells don't have fees?
    All of the answers above are good ones. The only thing I did not see mentioned is the cost of lost opportunity. Some insurance agents compete against investment representatives buy selling lets say an annuity. They will tell you there are no fees and maybe they are right. There are no fees that are ...  (more)
    Answered Jan 2015
    What is the gift tax limit/rate?
    Last week the IRS issued news that the 2012 annual gift exclusion to a non-spouse will remain at 13,000...  (more)
    Answered Mar 2012
    What happens to a 401 k if you didnt fill out the paper that year?
    I am not sure I understand the question. However here is a scenario. If you have money in a 401(k) plan and you have left the employment of that company the money will just sit there. Normally nothing happens to it unless you request distribution paperwork. Some retirement plans automatically cash y...  (more)
    Answered Mar 2012
    How do I draw my money out?
    The real questions are from where? What is your age? How much are we talking? Why do you feel you need it? What was it initially invested for and has that need changed?...  (more)
    Answered Jan 2015
    Is a indexed annunity better than a variable annunity fr a 60 yr old woman?
    I would have to know more about your situation in order to make a recommendation. There are good and bad in both types of annuities in my opinion. In the variable annuity there are separate accounts (investment accounts like mutual funds that fluctuate with the market) and there is usually a fixed a...  (more)
    Answered Jul 2017
    How I can get money from my 401 k to buy a house?
    Hi Maxvin,Both of the other answers are great but keep in mind once you borrow money from your 401(k) you pay the money back with after tax dollars. Then when you withdraw them for retirement you pay taxes on the money again. I think the IRA or if you can get money anywhere else first before the 40...  (more)
    Answered Apr 2012
    I work for a company that repairs electronic devices. Some receive bonuses and others do not. Is this legal to do?
    I agree with all the other advisors. You should pass theses calls to HR. I will add thought that a good place to research this kind of thing is on the IRS.gov sight or Google the term "reasonable compensation". Sometimes companies do get this kind of thing wrong....  (more)
    Answered Feb 2015
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      SEC
      U.S. Securities and Exchange Commission
      • license status
        Registered
      • disclosures
        1
      • as of date
        May 20, 2019
      FINRA
      FINRA
      • license status
        Not registered
      • disclosures
        1
      • as of date
        May 21, 2019
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

      Assets

      Advisor

      Last updated on May 21, 2019
        • $14.4M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 60
          number of clients
        • $240.0K
          Estimated Average Account Balance Per Client

      Smith Capital Management, LLC

      Last updated on May 6, 2019
        • $7.3M
          Total Assets Under Management
        • N/A
          Total Assets Under Advisement
        • 40
          Accounts
        • $182.5K
          Estimated Average Account Balance

      Fees

      Types of Compensation Arrangements