SHEETS SMITH WEALTH MANAGEMENT

The oddest fact about Sheets Smith Wealth Management's Q2 2026 filing is not a flashy stock pick—it is that two plain S&P 500 vehicles sit in the top two seats of a $1.00 billion book. VOO is $49.9 million (5.0%); IVV is $42.6 million (4.3%). Combined, nearly one-tenth of reported value is the same large-cap U.S. equity factor expressed twice. For a 408-line wealth platform that just crossed $1 billion (up from $888 million last quarter), that double sleeve is a structural choice: core beta is outsourced to index products, then overlaid with stock and satellite ETFs.

The parachute position