Wealth manager, independent · Winston Salem, NC
Sheets Smith Wealth Management
SEC-registered investment adviser · CRD 105710 · SEC 801-31437
At a glance
Sheets Smith Wealth Management is an SEC-registered investment adviser based in Winston Salem, North Carolina, with $1.4B in regulatory assets under management as of its Form ADV filed March 30, 2026. It reports 382 individual clients, 174 of them high-net-worth, holding an average of about $3.3 million each, and 15 employees. That ranks it 815th among the nation’s 5,657 independent wealth management RIAs and 18th of 160 in North Carolina. It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Wells Fargo and Fifth Third Securities.
Main office 336-765-2020sheetssmith.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among independent wealth managers
- #815 of 5,657
- Rank among all SEC RIAs
- #4,524 of 17,210
- Rank in North Carolina
- #18 of 160
- Individual clients
- 382
- High-net-worth clients
- 174
- Accounts
- 1,070
- Discretionary
- 100% of AUM
- Employees
- 15
- Advisory staff
- 11
- Offices
- 3
Owners and executives on its Form ADV
- John R. SheetsChairman
- Paul T. AnthonyPresident
- Trent R. SheetsWealth Manager
- Stephen T. SheetsMinority Owner
- Allison H. HewettChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Sheets Smith Wealth Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 174 | $1.2B | 86% |
| Individuals | 208 | $73M | 5% |
| Corporations or other businesses | 15 | $70M | 5% |
| Pension and profit sharing plans | 5 | $22M | 2% |
| Charitable organizations | 5 | $18M | 1% |
| Other investment advisers | 16 | $11M | <1% |
Disciplinary disclosures
Sheets Smith Wealth Management reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗sheetssmith.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in North Carolina
All of North Carolina →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Ironsides Asset Advisors, LLCRocky Mount | $1.4B | 34 |
| MBL AdvisorsCharlotte | $1.4B | 270 |
| Blueprint Financial AdvisorsCharlotte | $1.4B | 2,290 |
| Arbor Investment AdvisorsWinston Salem | $1.3B | 471 |
| Hamilton Point Investment Advisors, LLCChapel Hill | $1.2B | 239 |
| Founders Financial Alliance, LLCRaleigh | $1.2B | 2,354 |
Background
Questions
How much does Sheets Smith Wealth Management manage?
Sheets Smith Wealth Management reports $1.4B in regulatory assets under management across 1,070 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
How many clients does Sheets Smith Wealth Management have?
It reports 382 individual clients: 174 high-net-worth individuals and 208 other individuals. Individuals account for about 91% of its regulatory assets.
Where is Sheets Smith Wealth Management headquartered?
Its main office is in Winston Salem, North Carolina. It reports 3 offices in total and 15 employees, 11 of whom perform investment advisory functions.
How does Sheets Smith Wealth Management charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Sheets Smith Wealth Management use?
It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Wells Fargo and Fifth Third Securities. On Schedule D of its Form ADV filed March 30, 2026, it reports these amounts held: Charles Schwab ($737M); Wells Fargo ($223M); Fifth Third Securities ($164M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Sheets Smith Wealth Management a hybrid RIA with a broker-dealer?
Sheets Smith Wealth Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Sheets Smith Wealth Management a fiduciary?
As an SEC-registered investment adviser, Sheets Smith Wealth Management owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Sheets Smith Wealth Management’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →