Raymond Smith

Raymond H. Smith, Jr. is President/Owner of SBG Wealth Management, the public brand for Smith, Brown & Groover, Inc., in Macon, Georgia. Goodwill Industries of Middle Georgia and the CSRA lists him as a board member and identifies his role as President/Owner of SBG Wealth Management.

Smith, Brown & Groover was established in 1967. The firm’s 2025 Form ADV says it is 100% owned by Raymond H. Smith, Jr. and provides discretionary investment advice to individuals, high-net-worth individuals, trusts, estates, charitable organizations, and corporations. As of February 28, 2025, the firm reported 715 discretionary accounts and $283,374,602.74 in assets under management.

The firm is also a FINRA-regulated broker-dealer. Its Form CRS says SBG Wealth Management is registered with the SEC as both a broker-dealer and a registered investment adviser, and its services include managed advisory accounts, brokerage accounts, mutual funds, ETFs, annuities, and accounts cleared through National Financial Services, a Fidelity subsidiary.

Smith appears to be part of a multigenerational securities-business family. His mother’s obituary states that Raymond Hill Smith, Jr. had been owner and CEO of Smith, Brown & Groover for the prior 25 years as of 2018, and his father’s obituary describes the elder Raymond Hill Smith as having owned and led the firm before selling it to his son.

• No reliable source was found showing Raymond H. Smith, Jr. actively investing as an angel investor in seed-stage startups.
• SBG’s stated client-investment approach is wealth-management oriented: it creates portfolios based on client circumstances, investment objectives, and periodic rebalancing.
• The firm says it uses charting, fundamental analysis, and technical analysis, along with financial publications, research services, and third-party research materials.
• SBG says it uses long-term purchases for individual stocks and manages mutual-fund and ETF accounts with no-load or institutional shares where applicable.
• The firm’s own framing emphasizes an “active management plan rather than a reactive one” and offering “Wall Street opportunities” from Middle Georgia.
• SBG’s advisory program is fee-based: Form CRS and Form ADV state that managed accounts generally charge a 1% annual management fee and require discretionary trading authority.