{ "crd_number": 137945, "slug": "founders-financial-securities-llc-towson-md-137945", "primary_business_name": "FOUNDERS FINANCIAL SECURITIES, LLC", "legal_name": "FOUNDERS FINANCIAL SECURITIES, LLC", "dbas": [ "7 PILLARS WEALTH MANAGEMENT", "AQUINO FINANCIAL GROUP", "ASHER AND ASSOCIATES FINANCIAL", "BARRY AND CAMPAGNA FINANCIAL SERVICES", "BEACH, BLAKE & ASSOCIATES FINANCIAL SERVICES", "BENCHMARK FINANCIAL DESIGN GROUP", "BISHOP ASSOCIATES", "BROOKS FINANCIAL GROUP", "CADRE ASSET MANAGEMENT", "CHY FINANCIAL", "COVENANT PLANNING AND WEALTH MANAGEMENT", "DARRELL FINANCIAL SERVICES", "DERICKSON FINANCIAL", "DHT FINANCIAL GROUP", "DIVERSIFIED RETIREMENT SERVICES", "DREAMBRIDGE FINANCIAL", "EDM FINANCIAL ADVISORS", "ESTABROOK AND CO.", "EVERLY FINANCIAL SERVICES", "FAIRWAY FINANCIAL", "FINANCIAL PLANNING ASSOCIATES", "FORT WASHINGTON FINANCIAL", "FOX WEALTH SOLUTIONS", "FREDERICK FINANCIAL PLANNERS", "FTG SQUARED", "FURTON FINANCIAL SERVICES", "GERHART FINANCIAL SERVICES", "GOSEN INVESTMENTS", "GOULART PARTNERS", "GREAT LAKES FINANCIAL SERVICES GROUP", "GUIDED WEALTH MANAGEMENT", "HERKERT & ASSOCIATES", "HOFFMANN WEALTH MANAGEMENT", "JARDON CONSULTING", "KESSLER INVESTMENTS", "LAMBERTSON FINANCIAL SERVICES", "LIFETIME WEALTHCARE FAMILY OFFICE", "LIM FINANCIAL GROUP", "MAGIS WEALTH LEADERSHIP", "MARYLAND WEALTH MANAGEMENT", "MCCORD", "MILLER FINANCIAL GROUP", "MORGAN FINANCIAL GROUP", "NOBLE FINANCIAL", "OVERDORF FINANCIAL", "REID FINANCIAL", "RIGG WEALTH MANAGEMENT", "RONALD HAMMONS", "SERVANT LEADER INVESTORS", "SHENANDOAH FINANCIAL ADVISORS", "SOUND CHOICE FINANCIAL", "STATONWALSH", "SUMMIT LEGACY GROUP", "T & G FINANCIAL SOLUTIONS", "THE ZIMMER FINANCIAL GROUP", "THRIVE FINANCIAL SERVICES GROUP", "TIMMICK FINANCIAL GROUP", "TPA FINANCIAL", "TRUBRIDGE WEALTH PARTNERS", "TRUESENSE WEALTH MANAGEMENT", "TWENTYONE5 WEALTH MANAGEMENT", "VELARIS WEALTH PARTNERS", "VOYAGER WEALTH MANAGEMENT", "WARNOCK FINANCIAL SERVICES", "WEALTH PLANNING GROUP", "WEINBERG FINANCIAL ADVISORY", "ZINAICH CAPITAL & RISK MANAGEMENT" ], "city": "Towson", "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": "2006-07-13", "years_registered": 20, "period": "2026-10-01", "filing_date": "2026-04-20", "carried_forward": false, "raum_total": 4135118658.0, "raum_discretionary": 3658614806.0, "raum_non_discretionary": 476503852.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 139, "advisory_employees": 101, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 16083281.0, "count": 22 }, "individuals": { "raum": 1567627072.0, "count": 8124 }, "pension_profit_sharing": { "raum": 414071120.0, "count": 241 }, "high_net_worth_individuals": { "raum": 2128598095.0, "count": 1466 }, "corporations_other_businesses": { "raum": 8739090.0, "count": 17 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum", "subscription" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 3, "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", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "PR", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VI", "VT", "WA", "WI", "WV", "WY" ], "websites": [ "https://7pillarswealth.com", "https://aquinofg.com", "https://at.linkedin.com/company/foundersfinancial", "https://bcfinservices.com", "https://benchmarkfinancialdesign.com", "https://bishopassociates.com", "https://brooksfinancial.com", "https://cadreassetmgmt.com", "https://chycpa.com/wealth/wealth", "https://covenantplanning.com", "https://darrellfinancial.com", "https://dhtfg.com", "https://diversified-retirement.com", "https://dreambridgeplanning.com", "https://edmfinancialadvisors.com", "https://estabrookco.com", "https://everlyfinancialservices.com", "https://fairwayfinancialnc.com", "https://ffwealthpartners.com", "https://fortwashingtonfinancial.com", "https://foundersfcms.com", "https://foundersfinancial.com", "https://foxwealthsolutions.com", "https://frederickfinancialplanners.com", "https://ftgsquared.com", "https://furtonfinancialservices.com", "https://gerhartfinancial.com", "https://goulartpartners.com", "https://gr8lakesfinancial.com", "https://guided-wealth.com", "https://herkertassociates.com", "https://kesslerinvestments.com", "https://lambertsonfs.com", "https://lifetimewealthcare.com", "https://limfinancialgroup.com", "https://magiswealth.com", "https://marylandwm.com", "https://mccordllc.com", "https://millerfingroup.com", "https://morganfg.com", "https://noblefn.com", "https://overdorffinancial.net", "https://ptsfinancial.us", "https://reidfinancialonline.com", "https://servantleaderinvestors.com", "https://shenandoahfa.com", "https://soundchoicefinancial.com", "https://statonwalsh.com", "https://summitlegacygroup.com", "https://thefreedomstrategies.com", "https://thezimmerfinancialgroup.com", "https://thrivewealthplanning.com", "https://timmickfinancial.com", "https://tpafinancial.com", "https://truesensewealth.com", "https://twentyone5.com", "https://velariswp.com", "https://voyagerwm.com", "https://wealthplanninggroupllc.com", "https://weinbergfinancialadvisory.com", "https://zincap.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/137945", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" } ], "city_as_filed": "TOWSON", "url": "https://advisorcensus.com/firm/founders-financial-securities-llc-towson-md-137945", "display_name": "Founders Financial Securities, LLC", "summary": "Founders Financial Securities, LLC is an SEC-registered investment advisory firm in Towson, MD, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 20, 2026.", "citation": "AdvisorCensus. Founders Financial Securities, LLC (CRD 137945): 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", "Subscription fees (for a newsletter or periodical)", "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)" ], "quick_answers": [ { "q": "How is Founders Financial Securities, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Founders Financial Securities, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees)." }, { "q": "How much does Founders Financial Securities, LLC charge?", "a": "Its Form ADV Part 2A brochure dated March 26, 2026 states: Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states); Hourly rate: up to $500 an hour (Financial planning). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Founders Financial Securities, LLC located?", "a": "Founders Financial Securities, LLC's principal office is in Towson, MD, according to its Form ADV; the May 2026 filing also lists 21 other offices (Schedule D, Section 1.F)." }, { "q": "Is Founders Financial Securities, LLC registered with the SEC or a state?", "a": "Founders Financial Securities, LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 137945." }, { "q": "How much does Founders Financial Securities, LLC manage?", "a": "Founders Financial Securities, LLC reports $4,135,118,658 in regulatory assets under management in its Form ADV filing dated April 20, 2026 (88% discretionary)." }, { "q": "How have Founders Financial Securities, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Founders Financial Securities, LLC: Regulatory assets under management: $2,151,646,180 in the October 2021 data and $4,135,118,658 in the October 2026 data, up 92%. Total employees: 125 in October 2021 and 139 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Founders Financial Securities, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (8,124); high net worth individuals (1,466); pension and profit sharing plans (but not the plan participants or government pension plans) (241)." }, { "q": "Which custodians does Founders Financial Securities, LLC use?", "a": "Founders Financial Securities, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Axos Clearing LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Founders Financial Securities, LLC report any disciplinary disclosures?", "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/137945" }, { "q": "What changed in Founders Financial Securities, LLC's recent Form ADV filings?", "a": "In the May 2026 filing data: Added the business name Beach, Blake & Associates Financial Services." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2151646180.0, "total_employees": 125, "filing_date": "2021-06-29" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2616593214.0, "total_employees": 129, "filing_date": "2022-08-25" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2272682543.0, "total_employees": 138, "filing_date": "2023-03-27" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2908968688.0, "total_employees": 137, "filing_date": "2024-09-23" }, { "period": "2025-10-01", "regulatory_assets_under_management": 3317831000.0, "total_employees": 141, "filing_date": "2025-04-22" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4135118658.0, "total_employees": 139, "filing_date": "2026-04-20" } ], "recent_changes": [ { "period": "2026-05-01", "period_label": "May 2026", "notes": [ "Added the business name Beach, Blake & Associates Financial Services." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $3,317,831,000 to $4,135,118,658 (+25%).", "Employees performing advisory functions went from 92 to 101.", "Added the business name McCord.", "Added the business name CHY Financial.", "Added the business name Reid Financial.", "Added the business name Bishop Associates.", "Added the business name Gosen Investments.", "Added the business name Jardon Consulting.", "Added the business name Herkert & Associates.", "Added the business name Aquino Financial Group.", "Added the business name Morgan Financial Group.", "Added the business name Rigg Wealth Management.", "Added the business name Sound Choice Financial.", "Added the business name Velaris Wealth Partners.", "Added the business name Trubridge Wealth Partners.", "Added the business name Darrell Financial Services.", "Added the business name Gerhart Financial Services.", "Added the business name Maryland Wealth Management.", "Added the business name Warnock Financial Services.", "Added the business name Truesense Wealth Management.", "Added the business name Frederick Financial Planners.", "Added the business name TWENTYONE5 Wealth Management.", "Added the business name Shenandoah Financial Advisors.", "Added the business name Thrive Financial Services Group.", "Added the business name Benchmark Financial Design Group.", "Added the business name Barry and Campagna Financial Services.", "No longer lists the business name McCord LLC.", "No longer lists the business name CHY Financial LLC.", "No longer lists the business name Bishop Associates,inc..", "No longer lists the business name Gosen Investments, LLC.", "No longer lists the business name Jardon Consulting, LLC.", "No longer lists the business name Herkert & Associates, Inc..", "No longer lists the business name Morgan Financial Group LLC.", "No longer lists the business name Sound Choice Financial LLC.", "No longer lists the business name Aquino Financial Group, LLC.", "No longer lists the business name Rigg Wealth Management, LLC.", "No longer lists the business name Chrest CPA Tax & Financial, PC.", "No longer lists the business name Warnock Financial Services LLC.", "No longer lists the business name Darrell Financial Services, LLC.", "No longer lists the business name Maryland Wealth Management, LLC.", "No longer lists the business name Gerhart Financial Services, Inc..", "No longer lists the business name Truesense Wealth Management, LLC.", "No longer lists the business name Frederick Financial Planners, Inc..", "No longer lists the business name Benchmark Financial Design Group Inc.", "No longer lists the business name Barry and Campagna Financial Services, Inc.", "Added an office in Brighton, MI.", "Added an office in Chads Ford, PA.", "Added an office in Salem, NH.", "No longer lists an office in Matthews, NC.", "No longer lists an office in Troy, MI.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 26, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": "2.5% of assets a year", "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [ "Hourly rate: up to $500 an hour (Financial planning)" ], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states)" ], "quotes": [ "Fees for Independence Advisory accounts typically do not exceed 2.50% annually.", "Fees for Independence Advisory accounts typically do not exceed 2.50% annually." ] }, { "label": "Planning fee", "statements": [ "Hourly rate: up to $500 an hour (Financial planning)" ], "quotes": [ "Financial planning fees shall not exceed $500 per hour, or $30,000 per year." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": 2.5, "account_minimum": null, "minimum_annual_fee": null, "planning": [ { "kind": "hourly", "amount": null, "min": null, "max": 500.0, "period": "hour", "service": "Financial planning" } ] }, "quotes": [ "Fees for Independence Advisory accounts typically do not exceed 2.50% annually.", "Fees for Independence Advisory accounts typically do not exceed 2.50% annually.", "Financial planning fees shall not exceed $500 per hour, or $30,000 per year." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Axos Clearing LLC", "name_as_filed": "AXOS CLEARING 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/founders-financial-securities-llc-towson-md-137945.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 8124, "fewer_than_5": false, "raum": 1567627072.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 1466, "fewer_than_5": false, "raum": 2128598095.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 241, "fewer_than_5": false, "raum": 414071120.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 22, "fewer_than_5": false, "raum": 16083281.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 17, "fewer_than_5": false, "raum": 8739090.0 } ], "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.", "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/137945", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }