# Greenspring Advisors, LLC

> 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.

- CRD: 132669
- Filed as: GREENSPRING ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Towson, MD
- Filing period: October 2026
- Form ADV filing dated: June 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/132669
- AdvisorCensus page: https://advisorcensus.com/firm/greenspring-advisors-llc-towson-md-132669

## Quick answers

**How is Greenspring Advisors, LLC compensated?**
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).

**How much does Greenspring Advisors, LLC charge?**
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.

**Where is Greenspring Advisors, LLC located?**
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).

**Is Greenspring Advisors, LLC registered with the SEC or a state?**
Greenspring Advisors, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 132669.

**How much does Greenspring Advisors, LLC manage?**
Greenspring Advisors, LLC reports $6,464,377,689 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (100% discretionary).

**How have Greenspring Advisors, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Greenspring Advisors, LLC serve?**
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).

**Which custodians does Greenspring Advisors, LLC use?**
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.

**Does Greenspring Advisors, LLC 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/132669

**What changed in Greenspring Advisors, LLC's recent Form ADV filings?**
In the July 2026 filing data: Registered or notice-filed in AZ, CO, MI, TN.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated June 11, 2026)

- Flat fee: $2,000 to $150,000 (Financial Planning fees)

> 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.

- Hourly rate: $150 to $750 an hour (Financial Planning fees)

> Alternatively, our Financial Planning fees may be calculated and charged on an hourly basis, ranging from $150 to $750 per hour.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- ADP
- Charles Schwab & Co., Inc.
- National Financial 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: $6,464,377,689
- Discretionary: $6,453,466,936
- Non-discretionary: $10,910,753

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 579 | $253,158,176 |
| High net worth individuals | 1,118 | $4,084,784,338 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 123 | $2,031,586,608 |
| Charitable organizations | 13 | $61,635,208 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 4 | $33,213,359 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2007 (19 years)
- Employees: 68 total, 39 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Lancaster, PA
- New York, NY
- Paramus, NJ

### Websites listed on Form ADV (Item 1.I)
- greenspringadvice.com
- greenspringadvisors.com
- Facebook @GREENSPRINGADVISORS
- Facebook facebook.com
- Instagram @GREENSPRINGADVISORS
- Instagram @klarityatwork
- Instagram @return_on_reason
- LinkedIn @217848
- LinkedIn @k-larity-work
- X @klarityatwork
- YouTube @greenspringadvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,248,230,568 | 19 | July 14, 2021 |
| October 2022 | $6,126,230,881 | 36 | September 27, 2022 |
| October 2023 | $6,000,116,360 | 41 | September 28, 2023 |
| October 2024 | $6,896,367,899 | 39 | May 31, 2024 |
| October 2025 | $3,775,318,486 | 42 | June 18, 2025 |
| October 2026 | $6,464,377,689 | 68 | June 30, 2026 |

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.

## Changes in the filing (last 12 months)

### July 2026
- Registered or notice-filed in AZ, CO, MI, TN.

### April 2026
- 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).

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

### December 2025
- 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).

### November 2025
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Greenspring Advisors, LLC (CRD 132669): Form ADV filing data as of October 2026.