Wealth manager, independent · Hunt Valley, MD
Financial Consulate
The Financial Consulate, Inc · SEC-registered investment adviser · CRD 106898 · SEC 801-18829
At a glance
Financial Consulate is an SEC-registered investment adviser based in Hunt Valley, Maryland, with $1.1B in regulatory assets under management as of its Form ADV filed August 13, 2026. It reports 844 individual clients, 328 of them high-net-worth, holding an average of about $1.3 million each, and 25 employees. That ranks it 1005th among the nation’s 5,657 independent wealth management RIAs and 24th of 104 in Maryland. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 410-823-7283financialconsulate.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.1B
- Rank among independent wealth managers
- #1,005 of 5,657
- Rank among all SEC RIAs
- #5,096 of 17,210
- Rank in Maryland
- #24 of 104
- Individual clients
- 844
- High-net-worth clients
- 328
- Accounts
- 3,375
- Discretionary
- 100% of AUM
- Employees
- 25
- Advisory staff
- 13
- Offices
- 14
Owners and executives on its Form ADV
- Andrew V. TignanelliFounder and Chairman
- Michael P. McCarthyChief Executive Officer, President, and Chief Compliance Officer
- Charles B BenderChief Financial Officer
- Christopher J. O'SheaChief Investment Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Financial Consulate 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 | 328 | $845M | 77% |
| Individuals | 516 | $243M | 22% |
| Pension and profit sharing plans | 5 | $7M | <1% |
| Corporations or other businesses | – | $1M | <1% |
Disciplinary disclosures
Financial Consulate 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 businesses and institutions
- Pension consulting
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗financialconsulate.com ↗
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The full record on Financial Consulate
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
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- Growth over one, three and five years
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- Rank against 3,312 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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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 |
|---|---|---|
| Black Diamond Financial, LLCLutherville | $1.4B | 335 |
| Sc&h WealthHunt Valley | $1.2B | 668 |
| The Kelly GroupBel Air | $1.1B | 1,087 |
| Red Oak Financial GroupTowson | $1.0B | 1,051 |
Background
Questions
How much does Financial Consulate manage?
Financial Consulate reports $1.1B in regulatory assets under management across 3,375 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 13, 2026.
How many clients does Financial Consulate have?
It reports 844 individual clients: 328 high-net-worth individuals and 516 other individuals. Individuals account for about 99% of its regulatory assets.
Where is Financial Consulate headquartered?
Its main office is in Hunt Valley, Maryland. It reports 14 offices in total and 25 employees, 13 of whom perform investment advisory functions.
How does Financial Consulate 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 Financial Consulate use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed August 13, 2026, it reports these amounts held: Charles Schwab ($1.0B); Fidelity ($56M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Financial Consulate a hybrid RIA with a broker-dealer?
Financial Consulate reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Financial Consulate a fiduciary?
As an SEC-registered investment adviser, Financial Consulate 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 Financial Consulate’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 (2026-08-13), 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 →