{
  "crd_number": 132669,
  "slug": "greenspring-advisors-llc-towson-md-132669",
  "primary_business_name": "GREENSPRING ADVISORS, LLC",
  "legal_name": "GREENSPRING ADVISORS, LLC",
  "dbas": [],
  "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": "2007-02-22",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-06-30",
  "carried_forward": false,
  "raum_total": 6464377689.0,
  "raum_discretionary": 6453466936.0,
  "raum_non_discretionary": 10910753.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 68,
  "advisory_employees": 39,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 61635208.0,
      "count": 13
    },
    "individuals": {
      "raum": 253158176.0,
      "count": 579
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 2031586608.0,
      "count": 123
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 4084784338.0,
      "count": 1118
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 33213359.0,
      "count": 4,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "IL",
    "IN",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "NC",
    "NH",
    "NJ",
    "NY",
    "OR",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://facebook.com/GREENSPRINGADVISORS",
    "https://facebook.com/profile.php?id=61559926195745",
    "https://greenspringadvice.com",
    "https://greenspringadvisors.com",
    "https://instagram.com/GREENSPRINGADVISORS",
    "https://instagram.com/klarityatwork",
    "https://instagram.com/return_on_reason",
    "https://linkedin.com/COMPANY/217848",
    "https://linkedin.com/showcase/k-larity-work",
    "https://x.com/klarityatwork",
    "https://youtube.com/@greenspringadvisors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/132669",
  "city_as_filed": "TOWSON",
  "url": "https://advisorcensus.com/firm/greenspring-advisors-llc-towson-md-132669",
  "display_name": "Greenspring Advisors, LLC",
  "summary": "Greenspring Advisors, LLC is an SEC-registered investment advisory firm in Towson, MD, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 30, 2026.",
  "citation": "AdvisorCensus. Greenspring Advisors, LLC (CRD 132669): 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)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Greenspring Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Greenspring Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Greenspring Advisors, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated June 11, 2026 states: Flat fee: $2,000 to $150,000 (Financial Planning fees); Hourly rate: $150 to $750 an hour (Financial Planning fees). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Greenspring Advisors, LLC located?",
      "a": "Greenspring Advisors, LLC's principal office is in Towson, MD, according to its Form ADV; the July 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Greenspring Advisors, LLC registered with the SEC or a state?",
      "a": "Greenspring Advisors, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 132669."
    },
    {
      "q": "How much does Greenspring Advisors, LLC manage?",
      "a": "Greenspring Advisors, LLC reports $6,464,377,689 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Greenspring Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Greenspring Advisors, LLC: Regulatory assets under management: $5,248,230,568 in the October 2021 data and $6,464,377,689 in the October 2026 data, up 23%. Total employees: 19 in October 2021 and 68 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Greenspring Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (1,118); individuals (other than high net worth individuals) (579); pension and profit sharing plans (but not the plan participants or government pension plans) (123)."
    },
    {
      "q": "Which custodians does Greenspring Advisors, LLC use?",
      "a": "Greenspring Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists ADP, Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Greenspring Advisors, 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/132669"
    },
    {
      "q": "What changed in Greenspring Advisors, LLC's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Registered or notice-filed in AZ, CO, MI, TN."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 5248230568.0,
      "total_employees": 19,
      "filing_date": "2021-07-14"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 6126230881.0,
      "total_employees": 36,
      "filing_date": "2022-09-27"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 6000116360.0,
      "total_employees": 41,
      "filing_date": "2023-09-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 6896367899.0,
      "total_employees": 39,
      "filing_date": "2024-05-31"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3775318486.0,
      "total_employees": 42,
      "filing_date": "2025-06-18"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 6464377689.0,
      "total_employees": 68,
      "filing_date": "2026-06-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Registered or notice-filed in AZ, CO, MI, TN."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 42 to 39.",
        "Regulatory assets under management went from $3,775,318,486 to $6,464,377,689 (+71%).",
        "Changed its office addresses in Paramus, NJ.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in NE, OK."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 28 to 42.",
        "Registered or notice-filed in MN, MO, OR.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "No longer lists the business name ISI Financial Group Inc..",
        "Added an office in New York, NY.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated June 11, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $2,000 to $150,000 (Financial Planning fees)",
      "Hourly rate: $150 to $750 an hour (Financial Planning fees)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $2,000 to $150,000 (Financial Planning fees)"
        ],
        "quotes": [
          "Our Financial Planning fees are calculated and charged on a fixed fee basis, typically ranging from $2,000 to $150,000, depending on the specific arrangement reached with the client."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $150 to $750 an hour (Financial Planning fees)"
        ],
        "quotes": [
          "Alternatively, our Financial Planning fees may be calculated and charged on an hourly basis, ranging from $150 to $750 per hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 2000.0,
          "max": 150000.0,
          "period": "one_time",
          "service": "Financial Planning fees"
        },
        {
          "kind": "hourly",
          "amount": null,
          "min": 150.0,
          "max": 750.0,
          "period": "hour",
          "service": "Financial Planning fees"
        }
      ]
    },
    "quotes": [
      "Our Financial Planning fees are calculated and charged on a fixed fee basis, typically ranging from $2,000 to $150,000, depending on the specific arrangement reached with the client.",
      "Alternatively, our Financial Planning fees may be calculated and charged on an hourly basis, ranging from $150 to $750 per hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "ADP",
      "name_as_filed": "ADP",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL 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/greenspring-advisors-llc-towson-md-132669.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 579,
      "fewer_than_5": false,
      "raum": 253158176.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1118,
      "fewer_than_5": false,
      "raum": 4084784338.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 123,
      "fewer_than_5": false,
      "raum": 2031586608.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 13,
      "fewer_than_5": false,
      "raum": 61635208.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 4,
      "fewer_than_5": true,
      "raum": 33213359.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/132669",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}