Wealth manager, independent · Hunt Valley, MD
Verdence Capital Advisors, LLC
SEC-registered investment adviser · CRD 288512 · SEC 801-110722
At a glance
Verdence Capital Advisors, LLC is an SEC-registered investment adviser based in Hunt Valley, Maryland, with $4.6B in regulatory assets under management as of its Form ADV filed May 22, 2026. It reports 1,798 individual clients, 755 of them high-net-worth, holding an average of about $2.4 million each, and 52 employees. That ranks it 247th among the nation’s 5,657 independent wealth management RIAs and 8th of 104 in Maryland. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 410-472-5380verdence.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.6B
- Rank among independent wealth managers
- #247 of 5,657
- Rank among all SEC RIAs
- #2,210 of 17,210
- Rank in Maryland
- #8 of 104
- Individual clients
- 1,798
- High-net-worth clients
- 755
- Accounts
- 7,802
- Discretionary
- 96% of AUM
- Employees
- 52
- Advisory staff
- 29
- Offices
- 7
Owners and executives on its Form ADV
- Leo J. KellyChief Executive Officer
- Thomas J. NewPresident
- Kevin M. CuffChief Compliance Officer & Chief Operating Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Verdence Capital Advisors, LLC 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 | 755 | $4.0B | 86% |
| Individuals | 1,043 | $367M | 8% |
| Corporations or other businesses | 61 | $211M | 5% |
| Charitable organizations | 8 | $55M | 1% |
| Pension and profit sharing plans | 9 | $22M | <1% |
Disciplinary disclosures
Verdence Capital Advisors, 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 businesses and institutions
- Selecting other advisers
- 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 ↗verdence.com ↗
People at Verdence Capital Advisors, LLC in our coverage
All people →- Leo Kelly, CEO
- Craig Rauser, director and private wealth advisor
AtlasMembers
The full record on Verdence Capital Advisors, 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, 8 years of filings
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- Growth over one, three and five years
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- Rank against 872 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 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 |
|---|---|---|
| Pennington Partners & Co., LLCBethesda | $5.1B | 102 |
| Prosperity - AN Eisneramper CompanyOwings Mills | $5.0B | 2,369 |
| Heritage Investors Management CorpBethesda | $4.6B | 682 |
| Baltimore-Washington Financial AdvisorsColumbia | $3.0B | 5,272 |
| FBB Capital PartnersBethesda | $2.4B | 1,004 |
| Cornerstone AdvisoryHunt Valley | $2.2B | 808 |
Background
Questions
How much does Verdence Capital Advisors, LLC manage?
Verdence Capital Advisors, LLC reports $4.6B in regulatory assets under management across 7,802 accounts, 96% of it on a discretionary basis, on its Form ADV filed May 22, 2026.
How many clients does Verdence Capital Advisors, LLC have?
It reports 1,798 individual clients: 755 high-net-worth individuals and 1,043 other individuals. Individuals account for about 94% of its regulatory assets.
Where is Verdence Capital Advisors, LLC headquartered?
Its main office is in Hunt Valley, Maryland. It reports 7 offices in total and 52 employees, 29 of whom perform investment advisory functions.
How does Verdence Capital Advisors, LLC 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 Verdence Capital Advisors, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed May 22, 2026, it reports these amounts held: Fidelity ($3.8B); Charles Schwab ($627M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Verdence Capital Advisors, LLC a hybrid RIA with a broker-dealer?
Verdence Capital Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Verdence Capital Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Verdence Capital Advisors, 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 Verdence Capital Advisors, 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 (2026-05-22), 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 →