Wealth manager, bank-affiliated · Baltimore, MD
1919 Investment Counsel, LLC
SEC-registered investment adviser · CRD 133370 · SEC 801-63656
At a glance
1919 Investment Counsel, LLC is an SEC-registered investment adviser based in Baltimore, Maryland, with $26B in regulatory assets under management as of its Form ADV filed August 27, 2026. It reports 4,866 individual clients, 2,653 of them high-net-worth, holding an average of about $4.1 million each, and 131 employees. That ranks it 40th among the nation’s 5,657 independent wealth management RIAs and 1st of 104 in Maryland. It reports 4 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity, Citi and U.S. Bancorp Investments.
Main office 410-454-21711919ic.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $26B
- Rank among independent wealth managers
- #40 of 5,657
- Rank among all SEC RIAs
- #719 of 17,210
- Rank in Maryland
- #1 of 104
- Individual clients
- 4,866
- High-net-worth clients
- 2,653
- Accounts
- 5,169
- Discretionary
- 100% of AUM
- Employees
- 131
- Advisory staff
- 52
- Offices
- 9
Owners and executives on its Form ADV
- Harry OmealiaPresident and Chief Executive Officer, Managing Member
- Paul J. BenzigerManaging Member
- Charles C. KingManaging Member
- Faith M. MutungaDirector of Finance
- Nell H. KelleherDirector of Operations and Administration
- Michael A. SperoChief Compliance Officer
Custody and brokerage
Broker-dealer
Affiliated broker-dealer
It names affiliated broker-dealers: Eaton Partners (UK) LLP, Keefe, Bruyette & Woods, Inc., Sierra Pacific Securities, LLC, Stifel Europe Bank AG, Stifel Hong Kong Limited, Stifel Nicolaus Canada Inc., Stifel Nicolaus Europe Limited, Stifel Nicolaus Israel LTD., Stifel Schweiz AG, Stifel Trust Company, National Association and Stifel, Nicolaus & Company, Incorporated.
- Eaton Partners (UK) LLP
- Keefe, Bruyette & Woods, Inc. ↗CRD 481
An introducing broker-dealer: its trades clear through Stifel, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
- Sierra Pacific Securities, LLC ↗CRD 155160
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2024
- Stifel Europe Bank AG
- Stifel Hong Kong Limited
- Stifel Nicolaus Canada Inc.
- Stifel Nicolaus Europe Limited
- Stifel Nicolaus Israel LTD.
- Stifel Schweiz AG
- Stifel Trust Company, National Association
- Stifel, Nicolaus & Company, Incorporated ↗CRD 793
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 2,653 | $19B | 72% |
| Charitable organizations | 146 | $2.4B | 9% |
| Corporations or other businesses | 102 | $1.8B | 7% |
| Investment companies | 2 | $1.0B | 4% |
| Individuals | 2,213 | $1.0B | 4% |
| Pension and profit sharing plans | 50 | $962M | 4% |
| State or municipal government entities | 3 | $40M | <1% |
Disciplinary disclosures
1919 Investment Counsel, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗1919ic.com ↗
AtlasMembers
The full record on 1919 Investment Counsel, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 167 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Maryland
All of Maryland →| Firm | Regulatory AUM | Clients |
|---|---|---|
| D.F. Dent and Company, Inc.Baltimore | $7.9B | 1,011 |
| Greenspring Advisors, LLCTowson | $6.5B | 1,697 |
| T. Rowe Price Advisory Services, Inc.Owings Mills | $5.9B | 13,517 |
| Pennington Partners & Co., LLCBethesda | $5.1B | 102 |
| Prosperity - AN Eisneramper CompanyOwings Mills | $5.0B | 2,369 |
| Heritage Investors Management CorpBethesda | $4.6B | 682 |
Compare 1919 Investment Counsel, LLC with
- 1919 Investment Counsel, LLC vs Plante Moran Financial Advisors $27B · Southfield, MI
- 1919 Investment Counsel, LLC vs Arax Advisory Partners $27B · New York, NY
- 1919 Investment Counsel, LLC vs United Capital Financial Advisors $25B · Irving, TX
- 1919 Investment Counsel, LLC vs Integrated Wealth Concepts LLC $24B · Waltham, MA
- 1919 Investment Counsel, LLC vs D.F. Dent and Company, Inc. $7.9B · Baltimore, MD
Background
Questions
How much does 1919 Investment Counsel, LLC manage?
1919 Investment Counsel, LLC reports $26B in regulatory assets under management across 5,169 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 27, 2026.
How many clients does 1919 Investment Counsel, LLC have?
It reports 4,866 individual clients: 2,653 high-net-worth individuals and 2,213 other individuals. Individuals account for about 76% of its regulatory assets.
Where is 1919 Investment Counsel, LLC headquartered?
Its main office is in Baltimore, Maryland. It reports 9 offices in total and 131 employees, 52 of whom perform investment advisory functions.
How does 1919 Investment Counsel, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does 1919 Investment Counsel, LLC use?
It reports 4 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity, Citi and U.S. Bancorp Investments. On Schedule D of its Form ADV filed August 27, 2026, it reports these amounts held: Charles Schwab ($5.8B); Fidelity ($5.5B); Citi ($2.6B); U.S. Bancorp Investments ($2.5B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is 1919 Investment Counsel, LLC a hybrid RIA with a broker-dealer?
It names affiliated broker-dealers: Eaton Partners (UK) LLP, Keefe, Bruyette & Woods, Inc., Sierra Pacific Securities, LLC, Stifel Europe Bank AG, Stifel Hong Kong Limited, Stifel Nicolaus Canada Inc., Stifel Nicolaus Europe Limited, Stifel Nicolaus Israel LTD., Stifel Schweiz AG, Stifel Trust Company, National Association and Stifel, Nicolaus & Company, Incorporated. Keefe, Bruyette & Woods, Inc. clears through Stifel, according to its annual report filed with the SEC.
Is 1919 Investment Counsel, LLC a fiduciary?
As an SEC-registered investment adviser, 1919 Investment Counsel, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is 1919 Investment Counsel, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →