# Financial Consulate

> 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.

- CRD: 106898
- Filed as: FINANCIAL CONSULATE
- Legal name: The Financial Consulate, Inc
- Also doing business as: THE CONSULATE
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hunt Valley, MD
- Filing period: October 2026
- Form ADV filing dated: August 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106898
- AdvisorCensus page: https://advisorcensus.com/firm/financial-consulate-hunt-valley-md-106898

## Quick answers

**How is Financial Consulate compensated?**
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).

**Where is Financial Consulate located?**
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).

**Is Financial Consulate registered with the SEC or a state?**
Financial Consulate is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 106898.

**How much does Financial Consulate manage?**
Financial Consulate reports $1,095,865,304 in regulatory assets under management in its Form ADV filing dated August 13, 2026 (100% discretionary).

**How have Financial Consulate's assets and staff changed since 2021?**
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.

**What types of clients does Financial Consulate serve?**
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).

**Which custodians does Financial Consulate use?**
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.

**Does Financial Consulate report any disciplinary disclosures?**
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

**What changed in Financial Consulate's recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,095,865,304
- Discretionary: $1,095,865,304
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 516 | $242,557,848 |
| High net worth individuals | 328 | $845,230,266 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $7,465,800 |
| Corporations or other businesses not listed above | Fewer than 5 | $611,390 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1983 (43 years)
- Employees: 25 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, DC, DE, FL, MD, NC, NH, NY, PA, SC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Gettysburg, PA

### Websites listed on Form ADV (Item 1.I)
- financialconsulate.com
- financialphysical.com
- Facebook @financialconsulate
- Instagram @financialconsulate
- LinkedIn @823940
- YouTube @thefinancialconsulate1651

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $585,411,342 | 21 | September 29, 2021 |
| October 2022 | $660,299,744 | 23 | March 24, 2022 |
| October 2023 | $589,981,611 | 23 | March 13, 2023 |
| October 2024 | $782,269,600 | 23 | July 11, 2024 |
| October 2025 | $930,031,477 | 23 | March 24, 2025 |
| October 2026 | $1,095,865,304 | 25 | August 13, 2026 |

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.

## Changes in the filing (last 12 months)

### February 2026
- Employees performing advisory functions went from 12 to 13.
- Regulatory assets under management went from $930,031,477 to $1,095,865,304 (+18%).

### January 2026
- No longer registered or notice-filed in NE.

### December 2025
- Registered or notice-filed in NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Financial Consulate (CRD 106898): Form ADV filing data as of October 2026.