Top Five Frequently Asked Questions
1. How long have you been doing business? What is your history?
Chas P. Smith founded CPS Investment Advisors (CPS), also known as Chas P. Smith & Associates P.A. CPA firm, over 35 years ago in Lakeland, Florida. CPS began by providing traditional tax and accounting services. However the firm's emphasis on personal financial planning and growing concerns for the client's well-being brought the firm into the money management business in 1989. The firm specializes in personalized money management for individuals, corporations and retirement plan investors. The firm is also a Registered Investment Advisor with the U.S. Securities and Exchange Commission.
The owners of CPS are Chas P. Smith, James M. Luffman, and Peter C. Golotko. They are Certified Public Accountants, Personal Financial Specialists as designated by the American Institute of Certified Public Accountants(AICPA), and have earned the Certificate of Educational Achievement Award in Personal Financial Planning by AICPA.
2. Who regulates your firm as a Registered Investment Advisor?
Our firm is regulated by the U.S. Securities & Exchange Commission. Click the link below to view our registration on the SEC's website. (SEC firm #801-35294)
3. How are you compensated for investment services?
Our asset management services are fee only. We receive no commissions and receive no 12b-1 fees, which are typically offered by loaded mutual funds. We do not share in any transaction costs charged by any custodian.
4. Do you provide insurance services or advice?
We believe that insurance and risk analysis is an integral piece of a client's financial plan. Therefore, we have partnered with an independent insurance agency representing over 40 preferred carriers for all forms of life, long-term care, and disability insurance. We remain independent in our approach, analyzing and offering choices among various products, techniques, and carriers to offer to our clients.
5. What distinguishes your firm from all the other money managers?
Our various professional credentials hold us to the highest ethical standards of objectivity, confidentiality, and fiduciary status.
We have over 30 years of experience providing high net worth clients and corporations with money management services and 35 years of experience in traditional tax and accounting services. We believe in taking a holistic approach to addressing all areas of their financial life, including their personal values and family dynamics in our process.
We pride ourselves in our commitment to educating our staff and our clients about financial matters, and we embrace lifelong relationships with clients and their families.