{
  "crd_number": 133370,
  "slug": "1919-investment-counsel-llc-baltimore-md-133370",
  "primary_business_name": "1919 INVESTMENT COUNSEL, LLC",
  "legal_name": "1919 INVESTMENT COUNSEL, LLC",
  "dbas": [
    "ARTHUR KARAFIN INVESTMENT ADVISORS, A DEPARTMENT OF 1919 INVESTMENT COUNSEL, LLC"
  ],
  "city": "Baltimore",
  "state": "MD",
  "country": "United States",
  "cbsa_code": "12580",
  "metro": {
    "cbsa_code": "12580",
    "common_name": "Baltimore",
    "msa_name": "Baltimore-Columbia-Towson, MD",
    "path": "/advisors/md/baltimore"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2004-11-24",
  "years_registered": 21,
  "period": "2026-10-01",
  "filing_date": "2026-08-27",
  "carried_forward": false,
  "raum_total": 26036166216.0,
  "raum_discretionary": 25942155978.0,
  "raum_non_discretionary": 94010238.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 131,
  "advisory_employees": 52,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 2370889506.0,
      "count": 146
    },
    "individuals": {
      "raum": 1015405892.0,
      "count": 2213
    },
    "state_municipal": {
      "raum": 40193509.0,
      "count": 3,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 1048458042.0,
      "count": 2
    },
    "pension_profit_sharing": {
      "raum": 962275770.0,
      "count": 50
    },
    "high_net_worth_individuals": {
      "raum": 18840060771.0,
      "count": 2653
    },
    "corporations_other_businesses": {
      "raum": 1758882726.0,
      "count": 102
    }
  },
  "compensation_types": [
    "fixed",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://1919funds.com",
    "https://1919ic.com",
    "https://1919strategies.com",
    "https://linkedin.com/COMPANY/1919INVESTMENTCOUNSEL"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/133370",
  "city_as_filed": "BALTIMORE",
  "url": "https://advisorcensus.com/firm/1919-investment-counsel-llc-baltimore-md-133370",
  "display_name": "1919 Investment Counsel, LLC",
  "summary": "1919 Investment Counsel, LLC is an SEC-registered investment advisory firm in Baltimore, MD, registered since 2004, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 27, 2026.",
  "citation": "AdvisorCensus. 1919 Investment Counsel, LLC (CRD 133370): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is 1919 Investment Counsel, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), 1919 Investment Counsel, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is 1919 Investment Counsel, LLC located?",
      "a": "1919 Investment Counsel, LLC's principal office is in Baltimore, MD, according to its Form ADV; the September 2026 filing also lists 7 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is 1919 Investment Counsel, LLC registered with the SEC or a state?",
      "a": "1919 Investment Counsel, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 133370."
    },
    {
      "q": "How much does 1919 Investment Counsel, LLC manage?",
      "a": "1919 Investment Counsel, LLC reports $26,036,166,216 in regulatory assets under management in its Form ADV filing dated August 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have 1919 Investment Counsel, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for 1919 Investment Counsel, LLC: Regulatory assets under management: $17,554,381,658 in the October 2021 data and $26,036,166,216 in the October 2026 data, up 48%. Total employees: 125 in October 2021 and 131 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does 1919 Investment Counsel, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (2,653); individuals (other than high net worth individuals) (2,213); charitable organizations (146)."
    },
    {
      "q": "Which custodians does 1919 Investment Counsel, LLC use?",
      "a": "1919 Investment Counsel, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Citigroup Private Bank, Fidelity Brokerage Services LLC and U.S. Bancorp Investments, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does 1919 Investment Counsel, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/133370"
    },
    {
      "q": "What changed in 1919 Investment Counsel, LLC's recent Form ADV filings?",
      "a": "In the May 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 17554381658.0,
      "total_employees": 125,
      "filing_date": "2021-07-12"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 21063150819.0,
      "total_employees": 124,
      "filing_date": "2022-06-15"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 17378996240.0,
      "total_employees": 121,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 21255587588.0,
      "total_employees": 136,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 23984805749.0,
      "total_employees": 133,
      "filing_date": "2025-06-13"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 26036166216.0,
      "total_employees": 131,
      "filing_date": "2026-08-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 53 to 52.",
        "Registered or notice-filed in PR."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Citigroup Private Bank",
      "name_as_filed": "CITIGROUP PRIVATE BANK",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "U.S. Bancorp Investments, Inc.",
      "name_as_filed": "U.S. BANCORP INVESTMENTS, INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/1919-investment-counsel-llc-baltimore-md-133370.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 2213,
      "fewer_than_5": false,
      "raum": 1015405892.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 2653,
      "fewer_than_5": false,
      "raum": 18840060771.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 1048458042.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 50,
      "fewer_than_5": false,
      "raum": 962275770.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 146,
      "fewer_than_5": false,
      "raum": 2370889506.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 3,
      "fewer_than_5": true,
      "raum": 40193509.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 102,
      "fewer_than_5": false,
      "raum": 1758882726.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/133370",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}