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Stephen Bishop Smith

DURATION ASSET MANAGEMENT
Dallas, TX
·CRD# 428986·57 years experience

Professional Summary

Stephen Bishop Smith is a registered financial advisor currently at DURATION ASSET MANAGEMENT, LLC located in Dallas, Texas and SMITH CAPITAL MARKETS, LLC. located in Dallas, Texas. Stephen is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1969. Stephen has worked at 7 firms and has passed the Series 65, Series 63, Series 99TO, Series 7TO, Series 52TO, SIE, Series 5, PC, Series 1, Series...

At a Glance

Advisory Accounts Only

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Other Aliases

There are no additional aliases reported.

Blog Corner

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Videos & Posts

This advisor has not added any videos or posts yet.

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Contact Information

Email

xxxxx@xxxx.xxx

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Disclosures are events reported to regulators, such as customer disputes, regulatory actions, employment separations, or financial events. Some are resolved, denied, or contested — a disclosure is not a verdict. We recommend asking an advisor directly about any disclosure on their record.

Disclosures on record.

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities. Check for any disclosures as part of your thorough research when choosing an advisor.

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Years of Experience

57 years in the financial services industry

Current & Past Employments

DURATION ASSET MANAGEMENT, LLC·CRD# 298651
RIA
8333 Douglas Ave., Suite 1365, Dallas, TX 75225
October 4, 2018 - Present
SMITH CAPITAL MARKETS, LLC.·CRD# 121430
BD
8333 Douglas Ave., Suite 1450, Dallas, TX 75225
July 17, 2018 - Present
J.P. MORGAN SECURITIES LLC·CRD# 79
RIA
Dallas, TX
September 10, 2015 - July 24, 2018
CAMILLA ASSET MANAGEMENT, LP·CRD# 114927
RIA
Dallas, TX
December 7, 2001 - March 27, 2009
J.P. MORGAN SECURITIES LLC·CRD# 79
BD
Dallas, TX
April 24, 2001 - July 24, 2018
LEHMAN BROTHERS INC.·CRD# 7506
BD
New York, NY
November 30, 1994 - May 4, 2001
CREDIT SUISSE SECURITIES (USA) LLC·CRD# 816
BD
New York, NY
June 24, 1976 - December 15, 1994
CITIGROUP GLOBAL MARKETS INC.·CRD# 7059
BD
January 9, 1969 - August 17, 1976

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Current Firm

DA
DURATION ASSET MANAGEMENT, LLC

DURATION ASSET MANAGEMENT, LLC

CRD#: 298651 / SEC#: 801-114084
RIA
Registered Investment Advisory firm - SEC (10/4/2018 Approved)

Contact Information

Main Address

8333 Douglas Ave Suite 1450, Dallas, TX 75225

Phone Number

(214) 420-0300

# of Employees

3

SEC notice filing (1 States and Territories)

Registered to provide investment advisory services in 1 US states and territories.

Documents

Customer Relationship Summary (CRS / SEC)Latest Form ADV

Part 2 Brochures

DISCLOSURE BROCHURE (3/26/2026)

Regulatory Assets Under Management

Total Number of Accounts

7

AUM (Assets Under Management)

$1,584,640,190

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Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

Entity Name: 75 Callejon De La Alegria Investment related: Yes Address: 75 San Lucas, Mexico Nature of the other business: vacation rental home Position/Title/Relationship: Sole Proprietor Start Date: 07-Nov-2003 Approximate # of hours a month: ZERO Approximate # of hours during securities trading hours: ZERO Briefly describe your duties: owner no responsibilities PRESIDENT OF MEREGRASS, INC., A SUB-S CORP., ENGAGED IN AIRCRAFT LEASING; Entity Name: Texas Health Resources (THR) Investment related: Yes Address: 612 Arlington, TX Nature of the other business: THR is one of the largest non-profit health organizations in the US, operating 25 hospitals in north Texas. Position/Title/Relationship: Other Start Date: 03-Sep-2013 Approximate # of hours a month: approximately 10 hours per calendar quarter Approximate # of hours during securities trading hours: 2 hours per quarter Briefly describe your duties: member of the Investment Committee ENTITY NAME: WILDCAT TOURING LLC INVESTMENT RELATED: NO ADDRESS: 4033 GRASSMERE DALLAS, TX 75205 NATURE OF THE OTHER BUSINESS: AIRCRAFT CHARTER OPERATOR POSITION/TITLE/RELATIONSHIP: SOLE PROPRIETOR (OWNER OF 100% OF THE BUSINESS) START DATE: 01-JAN-2015 APPROXIMATE # OF HOURS A MONTH: 10 HOURS/MONTH APPROXIMATE # OF HOURS DURING SECURITIES TRADING HOURS: 0 BRIEFLY DESCRIBE YOUR DUTIES: OWNER - CHARTER AIRCRAFT COMPANY - PASSIVE INVOLVEMENT.

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Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
DA
DURATION ASSET MANAGEMENT, LLC

DURATION ASSET MANAGEMENT, LLC

CRD#: 298651 / SEC#: 801-114084
RIA
Registered Investment Advisory firm - SEC (10/4/2018 Approved)

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.
RR
indicates the advisor is registered as a Registered Representative in this state, allowing securities offerings such as stocks, bonds, and mutual funds through a broker-dealer.
RR
Colorado
(7/21/2018)
RR
Florida
(7/21/2018)
RR
North Carolina
(4/6/2023)
RR
Texas
(7/17/2018)
IAR
Texas
(10/4/2018)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.Note:This rule does not apply to broker-dealer activity.

Exams

Financial professionals may take different exams throughout their careers based on the types of services they provide and roles they perform.

Series 65 — Uniform Investment Adviser Law Examination

Passed Aug 1997About the Series 65 exam

Series 63 — Uniform Securities Agent State Law Examination

Passed May 1991About the Series 63 exam

Series 99TO — Operations Professional Examination

Passed Jan 2023About the Series 99TO exam

Series 7TO — General Securities Representative Examination

Passed Jan 2023About the Series 7TO exam

Series 52TO — Municipal Securities Representative Examination

Passed Jan 2023About the Series 52TO exam

SIE — Securities Industry Essentials Examination

Passed Oct 2018About the SIE exam

Series 5 — Interest Rate Options Examination

Passed Oct 1981

PC — AMEX Put and Call Exam

Passed Aug 1977

Series 1 — Registered Representative Examination

Passed Jan 1969

Series 53 — Municipal Securities Principal Examination

Passed Jan 2023About the Series 53 exam

Series 24 — General Securities Principal Examination

Passed Jan 2023About the Series 24 exam

Series 10 — General Securities Sales Supervisor - General Module Examination

Passed Jan 2023About the Series 10 exam

Series 14 — Compliance Officer Examination

Passed Jan 2023About the Series 14 exam

Series 9 — General Securities Sales Supervisor - Options Module Examination

Passed Jan 2023About the Series 9 exam

Series 4 — Registered Options Principal Examination

Passed Jun 1980About the Series 4 exam

Series 12 — NYSE Branch Manager Examination

Passed Dec 1977

Series 40 — Registered Principal Examination

Passed Nov 1976
FINRA
SRO Registrations

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CRS (Client Relationship Summary) - RIA

Click below to view Stephen Bishop Smith's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

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