Form ADV Part 2A

Item 2: Material Changes

L.J. Smith & Co LLC has not yet filed an annual updating amendment using the Form ADV Part 2A. Therefore, there are no material changes to report.

Item 4: Advisory Business

A. Description of the Advisory Firm

L.J. Smith & Co LLC (hereinafter “LJS”) is a Limited Liability Company organized in the State of Texas. The firm was formed in February 2026, and the principal owner is Levi J Smith.

B. Types of Advisory Services

Portfolio Management Services

LJS offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. LJS creates an Investment Policy Statement for each client, which outlines the client’s current situation (income, tax levels, and risk tolerance levels) and then constructs a plan to aid in the selection of a portfolio that matches each client’s specific situation. Portfolio management services include, but are not limited to: investment strategy, personal investment policy, asset allocation, asset selection, risk tolerance, and regular portfolio monitoring.

LJS evaluates the current investments of each client with respect to their risk tolerance levels and time horizon. LJS will request discretionary authority from clients in order to select securities and execute transactions without permission from the client prior to each transaction. Risk tolerance levels are documented in the Investment Policy Statement, which is given to each client.

LJS seeks to provide that investment decisions are made in accordance with the fiduciary duties owed to its accounts and without consideration of LJS’s economic, investment or other financial interests. It is LJS’s policy to allocate investment opportunities and transactions it identifies as being appropriate and prudent among its clients on a fair and equitable basis over time.

Financial Planning

Financial plans and financial planning may include, but are not limited to: investment planning; life insurance; tax concerns; retirement planning; college planning; and debt/credit planning.

Written Acknowledgement of Fiduciary Status

When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable. Under this special rule’s provisions, we must:

• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.

D. Wrap Fee Programs

LJS does not participate in wrap fee programs.

E. Assets Under Management

Discretionary Amounts: $0  |  Non-discretionary Amounts: $0  |  Date Calculated: April 2026

Item 5: Fees and Compensation

A. Fee Schedule — Portfolio Management Fees

The advisory fee is calculated using the value of the assets in the Account on the last business day of the prior billing period. These fees are negotiable and the final fee schedule will be memorialized in the client’s advisory agreement. Clients may terminate the agreement without penalty for a full refund of LJS’s fees within five business days of signing the Investment Advisory Contract.

Financial Planning Fees

The negotiated fixed rate for creating client financial plans is between $2,500 and $7,500. Clients may terminate the agreement without penalty, for full refund of LJS’s fees, within five business days of signing the Financial Planning Agreement.

B. Payment of Fees

Asset-based portfolio management fees are withdrawn directly from the client’s accounts with client’s written authorization on a quarterly basis. Fees are paid in advance. Financial planning fees are paid via check and wire, 50% in advance with the remainder due upon presentation of the plan.

D. Prepayment of Fees

LJS collects fees in advance. Refunds for fees paid in advance but not yet earned will be refunded on a prorated basis and returned within fourteen days to the client via check, or return deposit back into the client’s account.

Item 6: Performance-Based Fees and Side-By-Side Management

LJS does not accept performance-based fees or other fees based on a share of capital gains on or capital appreciation of the assets of a client.

Item 7: Types of Clients

LJS generally provides advisory services to the following types of clients:

• Individuals
• High-Net-Worth Individuals

There is no account minimum for any of LJS’s services.

Item 8: Methods of Analysis, Investment Strategies, & Risk of Loss

Methods of Analysis

LJS’s methods of analysis include Fundamental analysis and Modern portfolio theory. Fundamental analysis involves the analysis of financial statements, the general financial health of companies, and/or the analysis of management or competitive advantages. Modern portfolio theory attempts to maximize portfolio expected return for a given amount of portfolio risk by carefully choosing the proportions of various assets.

Investment Strategies

LJS uses long term trading. Long term trading is designed to capture market rates of both return and risk. These risks include but are not limited to inflation (purchasing power) risk, interest rate risk, economic risk, market risk, and political/regulatory risk.

LJS generally limits its investment advice to mutual funds, fixed income securities, equities, ETFs, treasury inflation protected/inflation linked bonds and non-U.S. securities.

Item 9: Disciplinary Information

There are no criminal or civil actions, administrative proceedings, or self-regulatory organization proceedings to report.

Item 10: Other Financial Industry Activities and Affiliations

Neither LJS nor its representatives are registered as, or have pending applications to become, a broker/dealer or a representative of a broker/dealer, nor as a Futures Commission Merchant, Commodity Pool Operator, or Commodity Trading Advisor.

Levi J Smith is an insurance agent. He does not plan to offer/sell clients insurance products and therefore no conflicts of interest exist. LJS does not utilize nor select third-party investment advisers.

Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading

LJS has a written Code of Ethics that covers the following areas: Prohibited Purchases and Sales, Insider Trading, Personal Securities Transactions, Exempted Transactions, Prohibited Activities, Conflicts of Interest, Gifts and Entertainment, Confidentiality, Service on a Board of Directors, Compliance Procedures, Compliance with Laws and Regulations, Procedures and Reporting, Certification of Compliance, Reporting Violations, Compliance Officer Duties, Training and Education, Recordkeeping, Annual Review, and Sanctions. LJS’s Code of Ethics is available free upon request to any client or prospective client.

LJS does not recommend that clients buy or sell any security in which a related person to LJS has a material financial interest. LJS will always document any transactions that could be construed as conflicts of interest and will never engage in trading that operates to the client’s disadvantage.

Item 12: Brokerage Practices

Custodians/broker-dealers will be recommended based on LJS’s duty to seek “best execution.” LJS will require clients to use Schwab Institutional, a division of Charles Schwab & Co., Inc. LJS will never charge a premium or commission on transactions, beyond the actual cost imposed by the broker-dealer/custodian.

LJS receives no referrals from a broker-dealer or third party in exchange for using that broker-dealer or third party.

Item 13: Review of Accounts

All client accounts for LJS’s advisory services provided on an ongoing basis are reviewed at least quarterly by Levi J Smith, Managing Member and Chief Compliance Officer, with regard to clients’ respective investment policies and risk tolerance levels.

Each client of LJS’s advisory services provided on an ongoing basis will receive a quarterly report detailing the client’s account, including assets held, asset value, and calculation of fees. This written report will come from the custodian.

Item 14: Client Referrals and Other Compensation

LJS does not receive any economic benefit, directly or indirectly from any third party for advice rendered to LJS’s clients, other than soft dollar benefits as described in Item 12.

LJS does not directly or indirectly compensate any person who is not advisory personnel for client referrals.

Item 15: Custody

When advisory fees are deducted directly from client accounts at client’s custodian, LJS will be deemed to have limited custody of client’s assets and must have written authorization from the client to do so. Clients will receive all account statements and billing invoices that are required in each jurisdiction, and they should carefully review those statements for accuracy. Clients are urged to compare the account statements they received from custodian with any statements they received from LJS.

Item 16: Investment Discretion

LJS provides discretionary and non-discretionary investment advisory services to clients. The advisory contract established with each client sets forth the discretionary authority for trading. Where investment discretion has been granted, LJS generally manages the client’s account and makes investment decisions without consultation with the client as to when the securities are to be bought or sold, the total amount of the securities to be bought/sold, what securities to buy or sell, or the price per share.

Item 17: Voting Client Securities (Proxy Voting)

LJS will not ask for, nor accept voting authority for client securities. Clients will receive proxies directly from the issuer of the security or the custodian. Clients should direct all proxy questions to the issuer of the security.

Item 18: Financial Information

LJS neither requires nor solicits prepayment of more than $500 in fees per client, six months or more in advance, and therefore is not required to include a balance sheet with this brochure.

Neither LJS nor its management has any financial condition that is likely to reasonably impair LJS’s ability to meet contractual commitments to clients.

LJS has not been the subject of a bankruptcy petition in the last ten years.

Item 19: Requirements For State Registered Advisers

LJS currently has only one management person: Levi J Smith. Education and business background can be found on the individual’s Form ADV Part 2B brochure supplement.

LJS does not accept performance-based fees or other fees based on a share of capital gains on or capital appreciation of the assets of a client.

There are no civil, self-regulatory organization, or arbitration proceedings to report under this section.