Terry Smith began his career in business leadership, serving as Vice President of Information Technology and later Vice President of Distribution with Rag Shop, where he gained valuable experience in operations, systems, and management. In 1997, he founded Terry M. Smith Certified Public Accountant, PLLC, where he spent over 16 years providing comprehensive tax and accounting services to individuals and businesses. His firm built a strong reputation for delivering trusted financial guidance tailored to client needs. In 2014, Terry joined Thompson, Price, Scott, Adams & Co. PA, a regional and multi-state CPA firm, as a Tax and Business Financial Consultant, specializing in business consulting and governmental auditing. Building on this foundation, he launched Smith Group Advisors, LLC in 2015, where he currently serves as Managing Member. Through this role, Terry provides brokerage services for small businesses, serves as an intermediary in mergers and acquisitions ranging from $5–50 million, and offers franchise development consulting. His firm represents approximately 200 franchises in the resale market and several franchises in new market opportunities. Smith Group Advisors operates as an independent franchise of Transworld Business Advisors and is affiliated with United Franchise Group and Accurate Franchising, Inc. Most recently, Terry helped lead the merger of Transworld Business Advisors of Wilmington with Transworld Business Advisors of Eastern North Carolina, expanding resources and strengthening support for entrepreneurs across the region.
Terry M. Smith earned his Bachelor of Science in Accounting and Computer Science from Northwestern State University in 1980. His academic background laid the groundwork for a distinguished career in both accounting and business brokerage.
Smith has been instrumental in community development, notably leading the groundbreaking ceremony for Phase II of Olsen Park in July 2025. This project includes the addition of a fenced multi-purpose field, four dedicated pickleball courts, a ¾-mile loop trail, and additional parking, enhancing recreational opportunities for the Wilmington community.
Smith is an active member of the Rotary Club, contributing to various community service projects and initiatives aimed at improving the local area.
Smith's community engagement suggests a commitment to service and leadership within his faith community.
Smith holds a CPA license, underscoring his expertise in accounting and financial services.
As a licensed business broker, Smith assists clients in navigating the complexities of buying and selling businesses, offering professional guidance throughout the process.