About Smead

At Smead Capital Management, we are stock market investors. Our investors are individuals, advisors, family offices and institutions globally who invest with the firm through its mutual funds, separate accounts and other investment vehicles. We advise investors that fear stock market failure through a low-turnover, differentiated value discipline seeking wonderful companies to build wealth. 

Our Staff

Smead Capital Management is a registered investment advisor headquartered in Phoenix, AZ with offices in West Conshohocken, PA and London, UK.

Portfolio Management

Bill Smead

Chief Investment Officer

Cole Smead, CFA®

President & Portfolio Manager

Tony Scherrer, CFA®

Director of Research &
Portfolio Manager

James Hounsell, CFA®

Senior Analyst

Compliance and Operations

Steve LeMire

Chief Compliance Officer

Yelena Schubert

Vice President – Operations

Dan Marshall

Vice President – Operations

Sales and Marketing

Andrew La Cava, CFA®

Director – Global Client Service

Scott Herdemian

Senior Vice President – Sales

James Casey, CFP®

Vice President – Sales

Heather Peterson

Vice President – Marketing

Devin Remlinger

Assistant Vice President – Sales

Robert Carter

Associate – Sales

Dan Driscoll

Associate – Sales

CFA® is a registered trademark owned by the CFA Institute.

Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Form CRS: Customer Relationships Survey

Smead Capital Management, Inc. (“SCM”) is an SEC registered investment adviser located in Phoenix, Arizona. Registered investment adviser does not imply a certain level of skill or training. SCM may only transact business in those states in which it is registered or has completed the appropriate notice-filing requirements. This website is limited to the dissemination of general information regarding SCM and SCM’s services and should not be used as the primary basis of investment decisions nor should it be construed as a solicitation or advice designed to meet the particular investment needs of any specific investor. Prospective clients should consult with a financial consultant to review their investment objectives and financial situation before determining whether any investment, security, or strategy is suitable. A copy of SCM’s Form ADV Part 2A providing information regarding SCM’s services, fees, and other important disclosure items is available is available on this website. Any opinions expressed on this site or in any SCM–authored documents are subject to change without notice and, due to the rapidly changing nature of the security markets, may quickly become outdated. No information should be interpreted to state or imply that past results are an indication of future performance. All materials presented are compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. No portion of the web site content should be interpreted as legal, accounting or tax advice. The email link on the Contact page does not generate an encrypted (secure) message. You may not link other websites to this website without the written permission of SCM. Unauthorized use of this site, or any of the material on this site without the permission of SCM, is prohibited.

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Bill Smead

Chief Investment Officer
Whitman College, B.A. Economics

Bill is the final decision-maker for investment and portfolio decisions and is responsible for reviewing the implementation of those decisions in the firm’s separate accounts and mutual funds.

Prior to founding Smead Capital Management in 2007, Bill was the Managing Director/Portfolio Manager of Smead Investment Group of Wachovia Securities. Previously, he was with Smith Barney and Oppenheimer & Co. Bill began his career in the investment business with Drexel Burnham Lambert in 1980.

Cole Smead, CFA®

President & Portfolio Manager
Whitman College, B.A. Economics & History

Cole oversees the firm. He is also a member of the investment committee and is jointly responsible for the day-to-day management of the firm’s separate accounts and mutual funds.

Prior to joining Smead Capital Management, Cole was with Wachovia Securities. He is a member of the CFA Institute.

Tony Scherrer, CFA®

Director of Research & Portfolio Manager
Seattle Pacific University, B.A. Business Administration, Finance

Tony is a member of the investment committee and is jointly responsible for the day-to-day management of the firm’s separate accounts and mutual funds.

Prior to joining Smead Capital Management, Tony served as Vice President and Senior Portfolio Manager for U.S. Trust Company and BMO Harris Private Bank. Previously, he was with Merrill Lynch and Smith Barney Asset Management. Tony is a member of the CFA Institute and the CFA Society of Seattle. 

James Hounsell, CFA®

Senior Analyst
Wesleyan University, B.A. Economics

James is a member of the Investment Team that oversees the day-to-day management of the firm’s separate accounts and mutual funds.

Prior to joining Smead Capital Management, he was a research analyst for Centerstone Investors and Third Avenue Management. Prior to that, he was with Centerview Partners, an investment bank in New York. James is a member of the CFA Institute.

Steve LeMire

Chief Compliance Officer
University of Iowa, B.A. Economics

Steve is responsible for all compliance functions of the firm.

Prior to joining Smead Capital Management, Steve was with UBS Global Asset Management-Americas and served as Vice President and Assistant Treasurer to The UBS Funds. Previously, he was a Principal at Oberweis Asset Management, Inc., where he was responsible for compliance, operations and fund administration. In addition, Steve served as Vice President, Secretary to The Oberweis Funds. 

Steve LeMire is a registered principal of UMB Distribution Services, LLC.

Yelena Schubert

Vice President – Operations
Alaska Pacific University, Master of Global Finance

Yelena is jointly responsible for the firm’s day-to-day operational functions.

Prior to joining Smead Capital Management, Yelena was Senior Operations Associate at GW Capital, Inc. where she assisted the CCO and Director of Operations. She was previously with McKinley Capital Management, LLC.

Dan Marshall

Vice President – Operations
University of Arizona, Masters of Business Administration

Dan is jointly responsible for the firm’s day-to-day operational functions.

Prior to joining Smead Capital Management, Dan was with Edward Jones. Previously, he was with Stark Investments.

Dan Marshall is a registered representative of UMB Distribution Services, LLC.

Andrew La Cava, CFA®

Director – Global Client Service
Whitman College, B.A. Economics

Andrew works with advisors, family offices and institutions through the firm’s mutual funds, sub-advisory and separate accounts for non-US investors. He is based in the London, UK office.

Andrew is a member of the CFA Institute and a member of the CFA Society of the United Kingdom.

Scott Herdemian

Senior Vice President – Sales
Villanova University, B.A. Economics

Scott works with investment advisors and wealth managers in the Eastern United States through the firm’s mutual funds and separate accounts.

Prior to joining Smead Capital Management, Scott was Regional Consultant with Lord Abbett & Co. He is a Level II candidate in the CFA® Program.

Scott Herdemian is a registered principal of UMB Distribution Services, LLC.

James Casey, CFP®

Vice President – Sales
Arizona State University, B.A. Economics

James works with investment advisors and wealth managers in the Western United States through the firm’s mutual funds and separate accounts.

Prior to joining Smead Capital Management, James was Regional Sales Associate with Guggenheim Partners. Prior to that, he was with Nuveen Investments and Franklin Templeton Investments. He holds the Certified Financial Planner® certification.James Casey is a registered representative of UMB Distribution Services, LLC.

James Casey, CFP® is a registered representative of UMB Distribution Services, LLC.

Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Heather Peterson

Vice President – Marketing
University of Washington, B.A. Business Administration

Heather is responsible for the marketing functions of the firm.

Prior to joining Smead Capital Management, Heather was Marketing Manager for WHV Investments. Prior to that, she was with Symetra Financial Corporation and Rainier Investment Management.

Devin Remlinger

Assistant Vice President – Sales
University of Washington, B.A. Economics

Devin works with investment advisors and wealth managers in the Midwest United States through the firm’s mutual funds and separate accounts.

Prior to joining Smead Capital Management, Devin was with MassMutual. He is a Level II candidate in the CFA® Program.

Devin Remlinger is a registered representative of UMB Distribution Services, LLC.

Robert Carter

Associate – Sales
Whitman College, B.A. Economics

Robert works with investment advisors and wealth managers in the Eastern United States through the firm’s mutual funds and separate accounts. He is a Level I candidate in the CFA® Program. 

Robert Carter is a registered representative of UMB Distribution Services, LLC.

Dan Driscoll

Associate – Sales
University of New Hampshire, B.S. Finance

Dan works with investment advisors and wealth managers in the Western United States through the firm’s mutual funds and separate accounts.

Prior to joining Smead Capital Management, Dan was with Vanguard and Putnam Investments. He is a Level I candidate in the CFA® Program.

Dan Driscoll is a registered representative of UMB Distribution Services, LLC.