Michelle Smith is a registered investment advisor at Penney Financial, based in Houston, TX, with 5 years of industry experience. Michelle operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Charitable Giving, Education Planning, Estate Planning, Financial Planning & Coaching, and 4 more. Their firm serves 93 clients with $240M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.5M | 0.65% |
| $1.5M - $3.0M | 0.55% |
| $3.0M - $5.0M | 0.45% |
| $5.0M - $10.0M | 0.35% |
| $10M+ | 0.28% |
The fee is deducted from client accounts monthly in arrears and is based on the average daily balance of the billing period. If the client recently completed a Financial Plan (within 60 days), the first 12 months may be discounted at the Firm’s discretion up to 100% of the previously completed Financial Plan cost.
Fee Estimator
Location
825 Town and Country Lane, 12th Fl, Houston, TX, 77024-4563
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Michelle is the CFO/Owner of The Smith Property Group, managing rental properties, which takes minimal time. She also works as an Assistant Project Manager at Metropolitan Glass, a glass manufacturing and installation company, dedicating about half her time to this role.
Employment History
Current Registrations
Penney Financial
Previous Registrations
Kcd Financial, INC.Broker
Kcd Financial, INC.
Questar Asset Management, INC.
Questar Capital CorporationBroker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.