Smith Affiliated Capital Corp.

Smith Affiliated Capital Corporation (SAC) is a registered investment advisory firm founded in 1982 by Robert G. Smith, Ph.D., based in New York City. SAC offers investment advice for separately managed portfolios of individuals, including high net worth individuals and institutional investors. The firm focuses on taxable and tax-exempt fixed income securities, as well as equity investments using individual stocks and ETFs. SAC manages $1,737,399,231 in regulatory assets under management as of December 31, 2022, with services provided on a fee basis as a percentage of assets under management. SAC offers both discretionary and non-discretionary management services, tailored to meet individual client objectives and risk tolerances. Discretionary services allow SAC to make investment decisions on behalf of clients, while non-discretionary services provide advice on various investment topics. SAC does not charge performance-based fees and follows a side-by-side management approach to address potential conflicts of interest. The firm's investment philosophy focuses on generating superior long-term returns while minimizing risk through a disciplined, repeatable investment process. SAC's investment strategies include fixed-income and equity investments, with a focus on credit research, yield curve positioning, and portfolio diversification. Clients receive regular account reviews and reports to ensure alignment with their investment needs and objectives. SAC does not vote proxies on behalf of clients but may offer advice upon request.