SMI Advisory Services, founded in 2005, exists to help investors implement portfolios using Sound Mind Investing strategies. We began with mutual funds, launching the Sound Mind Investing Fund (Stock Upgrading strategy). The SMI Dynamic Asset Allocation Fund followed in 2013 and the SMI 50/40/10 Fund in 2015.
In 2016, SMI Advisory Services introduced a more comprehensive and flexible way to utilize Sound Mind Investing strategies by creating SMI Private Client. Private Client provides investors with more investment strategies (Just-the-Basics, Sector Rotation, and Bond Upgrading in addition to Stock Upgrading and Dynamic Asset Allocation), a greater ability to customize portfolios, and a higher level of client service and support.
Austin Pryor founded the Sound Mind Investing* newsletter to help people understand Biblical principles for managing their money, earn good returns on their investments, and secure their financial futures.
*Sound Mind Investing Newsletter is a separate, but affiliated company to SMI Advisory Services
SMI Advisory Services launched with the Sound Mind Investing Fund.
With SMI Private Client, three separate teams are committed to helping you reach your financial goals and providing assistance when needed:
Sandra Morrison joined SMI Advisory Services in 2011 and is a Stewardship Advisor. She is an Accredited Asset Management Specialist (AAMS®) and a registered Investment Advisor Representative who holds the Series 65 license. Sandra earned her bachelor's degree in Chemical Engineering from Purdue University. Prior to joining SMIAS, she spent the bulk of her career with DuPont. Outside of work, Sandra enjoys spending time with her husband and three adult children, participating in equestrian activities, sports, design projects and serving God wherever He leads her. Sandra has been blessed to serve God on short-term missions to Honduras, Zambia and India.
Bryce Fathauer joined SMI Advisory Services as a Stewardship Advisor in 2014. He is a Certified Public Accountant (CPA), an Accredited Asset Management Specialist®, and a registered Investment Advisor Representative who holds the Series 65 license. Bryce graduated with distinction from Indiana University within the Kelley Business Honors Program, after meriting a full-ride scholarship with a research stipend. He double majored in Finance and Accountancy. Bryce, his wife Emily, and their daughters Ashton and Audrey live near Louisville, Kentucky, where they are members of Graceland Baptist Church. Outside of work, he enjoys volunteering as a Court Appointed Special Advocate for Floyd County, Indiana.
Paul Wilkin joined SMI Advisory Services as a Stewardship Advisor at the beginning of 2018. Paul is a Certified Financial Planner (CFP), a Chartered Financial Analyst (CFA), and a Chartered Alternative Investment Analyst (CAIA). A long time ago, in a galaxy not so far away, Paul graduated from Bowling Green State University with a Bachelor of Science in Business Administration (BSBA), majoring in Economics, and from the Ohio State University with a Masters in Business Administration (MBA), majoring in Finance. Paul and his wife Jan have two grown daughters and live in Columbus, Indiana, where they are members of First Christian Church.
Denise Lucas joined SMI Advisory Services as the Technology Services Coordinator in 2017. She is an Accredited Asset Management Specialist® and a graduate of Ivy Tech Community College with a degree in Business Administration. Denise and her husband Rodney enjoy the outdoors be it walking, hiking, biking, or just working out. They have one grown son, Michael (Ashley) and two beautiful grandchildren. They reside in Columbus, Indiana and are members of Community Church of Columbus.
Holly Ward joined SMI Advisory Services in 2017 as the Client Services Coordinator. She is an Accredited Asset Management Specialist® and graduated with a Bachelor of Science in Business Administration from Western Kentucky University. She has broad experience in client services and a desire to help others achieve their financial goals. Holly and her husband, Randy, have two adult sons and enjoy spending time with their family. They are active members of Community Church of Columbus and regularly serve in El Salvador on short-term mission trips.
Brian Mondics joined SMI Advisory Services as a Stewardship Advisor in 2023. He is a Retirement Income Certified Professional (RICP) and a registered Investment Advisor Representative who holds the Series 65 license. Brian Graduated from Seton Hill University with a Bachelor of Science in Business Administration (BSBA) and from the University of Pittsburgh with a Masters in Business Administration (MBA). Prior to joining SMIAS, he spent the majority of his career in leadership positions with various technology firms. Brian volunteers as a Financial Coach with Connect Financial Ministries and Money Wise. Brian and his wife Gina have two grown sons and live outside of Pittsburgh, PA. Brian is a member of Salina Bible Church. In his spare time he enjoys hiking, and Bible Study Fellowship (BSF).
Vicki Perkins joined SMI Advisory Services in 2018 as the Client Services Assistant. She graduated from Purdue University with a Bachelor of Science degree in Animal Science with an Animal Agribusiness concentration. When Vicki is not working at SMI, she is a primary caretaker of an equestrian facility where she is also in charge of the lesson program for students who show competitively. She and her husband, Tim, have one son in high school and another son in college. They enjoy traveling, camping, and hiking. They reside in Columbus, Indiana and are members of The Ridge church.
Anthony Ayers is co-founder of SMI Advisory Services and serves as Portfolio Manager of SMI Private Client and the SMI Funds. Anthony is responsible for researching, selecting, and trading each strategy’s investments. Prior to co-founding SMI Advisory, Anthony was co-founder and manager of Omnium Capital which operated private investment funds. Prior to that Anthony served in varying capacities as an analyst and Senior Investment Representative for Charles Schwab and Oxford Group, Ltd. Anthony graduated from Indiana University with a B.S. in Finance. He is a CFA charter holder.
Fred Beerwart is co-founder of SMI Advisory Services and has served as the Chief Compliance Officer of SMI Private Client and the SMI Funds, since their inception. Fred’s duties include overseeing and administering the firm’s compliance program. Fred is a co-founder of Omnium Management Company. Prior to co-founding Omnium Management Company in 2005, Fred founded Progressive Packaging, Inc., which is a specialty plastics business. Prior to founding Progressive Packaging, Inc., Fred was the Technical Director for United Films Corporation. Fred graduated from Rose-Hulman Institute of Technology with a B.S. in Chemical Engineering.
Eric Collier is co-founder of SMI Advisory Services and serves as Portfolio Manager of SMI Private Client and the SMI Funds. Eric is responsible for researching, selecting, and trading each strategy’s investments. Prior to co-founding SMI Advisory, Eric was co-founder and manager of Omnium Capital which operated private investment funds. Prior to that Eric served in varying capacities as an analyst and Investment Adviser Representative for Webb Financial Advisers and Oxford Group, Ltd. Eric graduated from Indiana University with a B.S. in Finance. He also studied at the University of Maastricht in the Netherlands. He is a CFA charter holder.
Isaac Jones joined SMI as a Stewardship Advisor in 2023. He is a registered Investment Advisor Representative who holds the Series 65 license. Isaac earned his bachelor's degree in Finance from Purdue University. While at Purdue, he also completed the 5 core classes that fulfill the CFP education requirement. Shortly after their wedding, Isaac and his wife Lexi moved to Columbus in 2023. They are both active in their Church and they love spending time with friends and family. In their spare time they enjoy walking, hiking, and going to the gym.
Mark Biller is co-founder of SMI Advisory Services and serves as Senior Portfolio Manager of SMI Private Client and the SMI Funds. As Senior Portfolio Manager, Mark has ultimate decision-making authority regarding all portfolio decisions and trading practices. In addition to his duties at the Advisor, Mark has been the Executive Editor of the Sound Mind Investing newsletter for over 20 years. Mark’s financial writings have been featured in a variety of national print and electronic media, and he also appears as a financial commentator for various national and local radio programs. Mark has a B.S. in Finance from Oral Roberts University.
* Although SMI Private Client covers all Charles Schwab commissions, SEC Fees will still apply, as will short-term redemption fees, if applicable. Health Savings Accounts may not receive free trades, since they are opened by third party administrators.
Stock Upgrading is a strategy based on the observable phenomenon that recent performance tends to persist. This strategy uses Individual Stocks, Mutual Funds and ETFs (collectively, "Securities"). The strategy may invest in US Large-Cap Securities, US Small-Cap Securities, International Securities and/or commodities, depending on Stock Upgrading's current assessment of the momentum within each group. Securities are held as long as they demonstrate superior leadership among their peers. Each month the strategy re-assesses the current holdings and replaces lagging Securities with new leaders.
Enhanced DAA (EDAA) is a strategy designed to participate in bull market gains, while striving to reduce losses during bear markets. EDAA owns a variety of ETFs drawn from six broad asset classes. EDAA measures trend/momentum to dynamically shift the portfolio weightings assigned to each potential holding. Broadly speaking, EDAA will always allocate among a variety of stock, bond, and alternative holdings, but the weightings between the specific holdings will vary according to market conditions and their impact on each potential investment vehicle's trend. DAA is an all-weather strategy that has generated impressive back-tested results, in large part via its ability to play good defense during bear markets.
This strategy invests in a small number (normally 5, but up to 10) of stock funds and ETFs focused on specific sectors, like technology or financial services, demonstrating strong recent momentum. It’s a high-risk/high volatility strategy. While its peaks have been higher and its valleys lower than SMI’s other strategies, Sector Rotation has generated impressive long-term returns. The strategy is intended to comprise only a modest portion of your stock allocation.
Using index funds, we spread your allocation across the global stock market. Just-the-Basics is designed to match the performance of the market in a tax-efficient manner, so it is well-suited for use in taxable accounts.
We include bonds to provide safety and stability. This strategy combines a bond index fund base with rotating bond funds that vary in duration, credit rating, and type. Bond Upgrading evaluates its holdings each month and replaces lagging bond funds with those showing greater momentum.