{ "crd_number": 159388, "slug": "baltimore-washington-financial-advisors-columbia-md-159388", "primary_business_name": "BALTIMORE-WASHINGTON FINANCIAL ADVISORS", "legal_name": "BALTIMORE-WASHINGTON FINANCIAL ADVISORS, INC.", "dbas": [], "city": "Columbia", "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": "2012-06-29", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-03-19", "carried_forward": false, "raum_total": 2985578005.0, "raum_discretionary": 2861600438.0, "raum_non_discretionary": 123977567.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 36, "advisory_employees": 13, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 21403143.0, "count": 18 }, "individuals": { "raum": 900286724.0, "count": 4400 }, "high_net_worth_individuals": { "raum": 2062302888.0, "count": 872 }, "corporations_other_businesses": { "raum": 1585250.0, "count": 11 } }, "compensation_types": [ "other", "percentage_of_aum" ], "advisory_activities": [ "educational_seminars", "financial_planning", "other", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "CO", "CT", "DC", "DE", "FL", "IL", "LA", "MA", "MD", "ME", "NC", "NH", "NJ", "NY", "OH", "PA", "SC", "TN", "TX", "VA" ], "websites": [ "https://bwfa.com", "https://facebook.com/1bwfa", "https://instagram.com/accounts/login?next=%2Fbwfa1%2F", "https://linkedin.com/company/284379", "https://twitter.com/BWFA", "https://youtube.com/channel/UCEv5ZP_OO05be9Yv6FanaKQ" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/159388", "city_as_filed": "COLUMBIA", "url": "https://advisorcensus.com/firm/baltimore-washington-financial-advisors-columbia-md-159388", "display_name": "Baltimore-Washington Financial Advisors", "summary": "Baltimore-Washington Financial Advisors is an SEC-registered investment advisory firm in Columbia, MD, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 19, 2026.", "citation": "AdvisorCensus. Baltimore-Washington Financial Advisors (CRD 159388): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Other" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Educational seminars/workshops", "Other" ], "quick_answers": [ { "q": "How is Baltimore-Washington Financial Advisors compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Baltimore-Washington Financial Advisors reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Baltimore-Washington Financial Advisors located?", "a": "Baltimore-Washington Financial Advisors' principal office is in Columbia, MD, according to its Form ADV." }, { "q": "Is Baltimore-Washington Financial Advisors registered with the SEC or a state?", "a": "Baltimore-Washington Financial Advisors is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 159388." }, { "q": "How much does Baltimore-Washington Financial Advisors manage?", "a": "Baltimore-Washington Financial Advisors reports $2,985,578,005 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (96% discretionary)." }, { "q": "How have Baltimore-Washington Financial Advisors' assets and staff changed since 2021?", "a": "In the Form ADV data for Baltimore-Washington Financial Advisors: Regulatory assets under management: $1,238,302,312 in the October 2021 data and $2,985,578,005 in the October 2026 data, up 141%. Total employees: 19 in October 2021 and 36 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Baltimore-Washington Financial Advisors serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (4,400); high net worth individuals (872); charitable organizations (18)." }, { "q": "Which custodians does Baltimore-Washington Financial Advisors use?", "a": "Baltimore-Washington Financial Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Baltimore-Washington Financial Advisors 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/159388" }, { "q": "What changed in Baltimore-Washington Financial Advisors' recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 11 to 13." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1238302312.0, "total_employees": 19, "filing_date": "2021-03-14" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1560362241.0, "total_employees": 21, "filing_date": "2022-03-24" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1619335818.0, "total_employees": 22, "filing_date": "2023-09-18" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1941650304.0, "total_employees": 28, "filing_date": "2024-03-21" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2495119964.0, "total_employees": 32, "filing_date": "2025-04-22" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2985578005.0, "total_employees": 36, "filing_date": "2026-03-19" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 11 to 13." ] }, { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "No longer registered or notice-filed in NE." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Regulatory assets under management went from $2,495,119,964 to $2,828,296,993 (+13%).", "Registered or notice-filed in NJ." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., 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/baltimore-washington-financial-advisors-columbia-md-159388.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 4400, "fewer_than_5": false, "raum": 900286724.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 872, "fewer_than_5": false, "raum": 2062302888.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 18, "fewer_than_5": false, "raum": 21403143.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 11, "fewer_than_5": false, "raum": 1585250.0 } ], "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/159388", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }