Wealth manager, independent · Timonium, MD
Berman McAleer
Berman McAleer, LLC · SEC-registered investment adviser · CRD 332906 · SEC 801-131830
At a glance
Berman McAleer is an SEC-registered investment adviser based in Timonium, Maryland, with $1.8B in regulatory assets under management as of its Form ADV filed September 28, 2026. It reports 646 individual clients, 382 of them high-net-worth, holding an average of about $2.7 million each, and 29 employees. That ranks it 607th among the nation’s 5,657 independent wealth management RIAs and 14th of 104 in Maryland. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 410-560-9960bmcplanning.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.8B
- Rank among independent wealth managers
- #607 of 5,657
- Rank among all SEC RIAs
- #3,835 of 17,210
- Rank in Maryland
- #14 of 104
- Individual clients
- 646
- High-net-worth clients
- 382
- Accounts
- 2,467
- Discretionary
- 100% of AUM
- Employees
- 29
- Advisory staff
- 14
- Offices
- 3
Owners and executives on its Form ADV
- David L. BermanChief Executive Officer
- John J. McAleerOwner
- Patrick J. MonaghanOwner
- Andrew T CookOwner
- Susan M. MitcheltreeOwner
- Melanie D. HaganOwner
- Brett T HolmesOwner
- William F. BrunsChief Compliance Officer, Chief Financial Officer
- Adam R MurrayOwner
Custody and brokerage
Broker-dealer
No broker-dealer ties
Berman McAleer reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 382 | $1.6B | 90% |
| Individuals | 264 | $106M | 6% |
| Corporations or other businesses | 3 | $84M | 5% |
Disciplinary disclosures
Berman McAleer 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
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗bmcplanning.com ↗
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- Assets, accounts, clients and staff, 1 years of filings
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- 9 namedLocked
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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 |
|---|---|---|
| Cornerstone AdvisoryHunt Valley | $2.2B | 808 |
| Trumbower Financial Advisors LLCBethesda | $2.0B | 246 |
| Retirement Management SystemsLeonardtown | $1.9B | 3,032 |
| WBH Advisory, Inc.Baltimore | $1.7B | 725 |
| Scarborough Capital ManagementAnnapolis | $1.6B | 2,664 |
| Tritonpoint Wealth, LLCChevy Chase | $1.5B | 338 |
Background
Questions
How much does Berman McAleer manage?
Berman McAleer reports $1.8B in regulatory assets under management across 2,467 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 28, 2026.
How many clients does Berman McAleer have?
It reports 646 individual clients: 382 high-net-worth individuals and 264 other individuals. Individuals account for about 95% of its regulatory assets.
Where is Berman McAleer headquartered?
Its main office is in Timonium, Maryland. It reports 3 offices in total and 29 employees, 14 of whom perform investment advisory functions.
How does Berman McAleer charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Berman McAleer use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 28, 2026, it reports these amounts held: Fidelity ($1.8B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Berman McAleer a hybrid RIA with a broker-dealer?
Berman McAleer reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Berman McAleer a fiduciary?
As an SEC-registered investment adviser, Berman McAleer 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 Berman McAleer’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 (2026-09-28), 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 →