{
  "crd_number": 106898,
  "slug": "financial-consulate-hunt-valley-md-106898",
  "primary_business_name": "FINANCIAL CONSULATE",
  "legal_name": "THE FINANCIAL CONSULATE, INC",
  "dbas": [
    "THE CONSULATE"
  ],
  "city": "Hunt Valley",
  "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": "1983-04-29",
  "years_registered": 43,
  "period": "2026-10-01",
  "filing_date": "2026-08-13",
  "carried_forward": false,
  "raum_total": 1095865304.0,
  "raum_discretionary": 1095865304.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 25,
  "advisory_employees": 13,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 242557848.0,
      "count": 516
    },
    "pension_profit_sharing": {
      "raum": 7465800.0,
      "count": 5
    },
    "high_net_worth_individuals": {
      "raum": 845230266.0,
      "count": 328
    },
    "corporations_other_businesses": {
      "raum": 611390.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "DC",
    "DE",
    "FL",
    "MD",
    "NC",
    "NH",
    "NY",
    "PA",
    "SC",
    "TX",
    "VA"
  ],
  "websites": [
    "https://facebook.com/financialconsulate",
    "https://financialconsulate.com",
    "https://financialphysical.com",
    "https://instagram.com/financialconsulate",
    "https://linkedin.com/company/823940",
    "https://youtube.com/@thefinancialconsulate1651"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106898",
  "city_as_filed": "HUNT VALLEY",
  "url": "https://advisorcensus.com/firm/financial-consulate-hunt-valley-md-106898",
  "display_name": "Financial Consulate",
  "summary": "Financial Consulate is an SEC-registered investment advisory firm in Hunt Valley, MD, registered since 1983, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 13, 2026.",
  "citation": "AdvisorCensus. Financial Consulate (CRD 106898): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Financial Consulate compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Financial Consulate reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Financial Consulate located?",
      "a": "Financial Consulate's principal office is in Hunt Valley, MD, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Financial Consulate registered with the SEC or a state?",
      "a": "Financial Consulate is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 106898."
    },
    {
      "q": "How much does Financial Consulate manage?",
      "a": "Financial Consulate reports $1,095,865,304 in regulatory assets under management in its Form ADV filing dated August 13, 2026 (100% discretionary)."
    },
    {
      "q": "How have Financial Consulate's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Financial Consulate: Regulatory assets under management: $585,411,342 in the October 2021 data and $1,095,865,304 in the October 2026 data, up 87%. Total employees: 21 in October 2021 and 25 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Financial Consulate serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (516); high net worth individuals (328); pension and profit sharing plans (but not the plan participants or government pension plans) (5)."
    },
    {
      "q": "Which custodians does Financial Consulate use?",
      "a": "Financial Consulate's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Financial Consulate 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/106898"
    },
    {
      "q": "What changed in Financial Consulate's recent Form ADV filings?",
      "a": "In the February 2026 filing data: Employees performing advisory functions went from 12 to 13. Regulatory assets under management went from $930,031,477 to $1,095,865,304 (+18%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 585411342.0,
      "total_employees": 21,
      "filing_date": "2021-09-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 660299744.0,
      "total_employees": 23,
      "filing_date": "2022-03-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 589981611.0,
      "total_employees": 23,
      "filing_date": "2023-03-13"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 782269600.0,
      "total_employees": 23,
      "filing_date": "2024-07-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 930031477.0,
      "total_employees": 23,
      "filing_date": "2025-03-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1095865304.0,
      "total_employees": 25,
      "filing_date": "2026-08-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 12 to 13.",
        "Regulatory assets under management went from $930,031,477 to $1,095,865,304 (+18%)."
      ]
    },
    {
      "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": [
        "Registered or notice-filed in NY."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "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/financial-consulate-hunt-valley-md-106898.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 516,
      "fewer_than_5": false,
      "raum": 242557848.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 328,
      "fewer_than_5": false,
      "raum": 845230266.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 7465800.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 611390.0
    }
  ],
  "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/106898",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}