Wealth manager, independent · Leonardtown, MD
Retirement Management Systems
Retirement Management Systems, Inc. · SEC-registered investment adviser · CRD 150351 · SEC 801-70978
At a glance
Retirement Management Systems is an SEC-registered investment adviser based in Leonardtown, Maryland, with $1.9B in regulatory assets under management as of its Form ADV filed May 18, 2026. It reports 3,032 individual clients, 553 of them high-net-worth, holding an average of about $0.6 million each, and 11 employees. That ranks it 590th among the nation’s 5,657 independent wealth management RIAs and 13th of 104 in Maryland. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 301-327-5312LinkedInAs filed on Form ADV
- Regulatory AUM
- $1.9B
- Rank among independent wealth managers
- #590 of 5,657
- Rank among all SEC RIAs
- #3,767 of 17,210
- Rank in Maryland
- #13 of 104
- Individual clients
- 3,032
- High-net-worth clients
- 553
- Accounts
- 4,472
- Discretionary
- 100% of AUM
- Employees
- 11
- Advisory staff
- 5
- Offices
- 3
Owners and executives on its Form ADV
- Joseph M. ScarboroughCEO, CCO, Director
- John M. BlamphinDirector of Operations
Custody and brokerage
Broker-dealer
No broker-dealer ties
Retirement Management Systems reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 2,479 | $968M | 51% |
| High-net-worth individuals | 553 | $918M | 49% |
Disciplinary disclosures
Retirement Management Systems 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
- 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 ↗
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The full record on Retirement Management Systems
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 2,090 peers of its type and size
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- Owners and executives, with titles and stakes
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- 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 |
|---|---|---|
| FBB Capital PartnersBethesda | $2.4B | 1,004 |
| Cornerstone AdvisoryHunt Valley | $2.2B | 808 |
| Trumbower Financial Advisors LLCBethesda | $2.0B | 246 |
| Berman McAleerTimonium | $1.8B | 646 |
| WBH Advisory, Inc.Baltimore | $1.7B | 725 |
| Scarborough Capital ManagementAnnapolis | $1.6B | 2,664 |
Background
Questions
How much does Retirement Management Systems manage?
Retirement Management Systems reports $1.9B in regulatory assets under management across 4,472 accounts, 100% of it on a discretionary basis, on its Form ADV filed May 18, 2026.
How many clients does Retirement Management Systems have?
It reports 3,032 individual clients: 553 high-net-worth individuals and 2,479 other individuals. Individuals account for about 100% of its regulatory assets.
Where is Retirement Management Systems headquartered?
Its main office is in Leonardtown, Maryland. It reports 3 offices in total and 11 employees, 5 of whom perform investment advisory functions.
How does Retirement Management Systems 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 Retirement Management Systems use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed May 18, 2026, it reports these amounts held: Charles Schwab ($418M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Retirement Management Systems a hybrid RIA with a broker-dealer?
Retirement Management Systems reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Retirement Management Systems a fiduciary?
As an SEC-registered investment adviser, Retirement Management Systems 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 Retirement Management Systems’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 (2026-05-18), 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 →