Smith Affiliated Capital commenced the celebration of its silver anniversary in September 2007. We are thankful for the loyalty and support of our clients as well as the successes they have enjoyed with our firm over the past twenty-five years. We look forward to continuing to provide our clients with the same high-quality investment advice and personalized service that they have come to expect at Smith Affiliated Capital for the next twenty-five years. - Matthew J. Smith, President, Smith Affiliated Capital - First Quarter 2008 - January 2008
