{
  "crd_number": 108231,
  "slug": "lombard-advisers-incorporated-baltimore-md-108231",
  "primary_business_name": "LOMBARD ADVISERS INCORPORATED",
  "legal_name": "LOMBARD ADVISERS INCORPORATED",
  "dbas": [
    "BYRD WEALTH MANAGEMENT",
    "CORNERSTONE PORTFOLIOS, LLC",
    "CORTO FINANCIAL GROUP, LLC",
    "COX WEALTH ADVISORS",
    "DABAREINER WEALTH MANAGEMENT",
    "GARY COLLIER & ASSOCIATES",
    "HUNDLEY & ASSOCIATES",
    "KOCHEL WEALTH MANAGEMENT",
    "LOCKRIDGE LEGACY FINANCIAL, LLC",
    "SLAGLE INVESTMENTS, LLC",
    "WEST VIRGINIA WEALTH ADVISORS",
    "WHITEHOUSE FINANCIAL GROUP"
  ],
  "city": "Baltimore",
  "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": "2019-04-12",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 669830665.0,
  "raum_discretionary": 245268968.0,
  "raum_non_discretionary": 424561697.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 41,
  "advisory_employees": 30,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 62738541.0,
      "count": 15
    },
    "individuals": {
      "raum": 356796409.0,
      "count": 867
    },
    "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": 95447768.0,
      "count": 27
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 154591637.0,
      "count": 74
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 256310.0,
      "count": 2,
      "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": [
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 1,
  "states_registered": [
    "CA",
    "CO",
    "DE",
    "FL",
    "IL",
    "KY",
    "LA",
    "MD",
    "MO",
    "NC",
    "NJ",
    "NY",
    "OH",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WV"
  ],
  "websites": [
    "https://golombard.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108231",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "BALTIMORE",
  "url": "https://advisorcensus.com/firm/lombard-advisers-incorporated-baltimore-md-108231",
  "display_name": "Lombard Advisers Incorporated",
  "summary": "Lombard Advisers Incorporated is an SEC-registered investment advisory firm in Baltimore, MD, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Lombard Advisers Incorporated (CRD 108231): 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": [
    "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 Lombard Advisers Incorporated compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Lombard Advisers Incorporated reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Lombard Advisers Incorporated located?",
      "a": "Lombard Advisers Incorporated's principal office is in Baltimore, MD, according to its Form ADV; the April 2026 filing also lists 14 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Lombard Advisers Incorporated registered with the SEC or a state?",
      "a": "Lombard Advisers Incorporated is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 108231."
    },
    {
      "q": "How much does Lombard Advisers Incorporated manage?",
      "a": "Lombard Advisers Incorporated reports $669,830,665 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (37% discretionary)."
    },
    {
      "q": "How have Lombard Advisers Incorporated's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Lombard Advisers Incorporated: Regulatory assets under management: $202,110,713 in the October 2021 data and $669,830,665 in the October 2026 data, up 231%. Total employees: 42 in October 2021 and 41 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Lombard Advisers Incorporated serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (867); high net worth individuals (74); pension and profit sharing plans (but not the plan participants or government pension plans) (27)."
    },
    {
      "q": "Which custodians does Lombard Advisers Incorporated use?",
      "a": "Lombard Advisers Incorporated's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Wells Fargo Clearing Services, LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Lombard Advisers Incorporated report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). 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/108231"
    },
    {
      "q": "What changed in Lombard Advisers Incorporated's recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name Financial & Tax Services, LLC. No longer lists the business name Jack A. Heil CPA. Added the business name Lockridge Legacy Financial, LLC. Employees performing advisory functions went from 31 to 30. Regulatory assets under management went from $567,437,959 to $669,830,665 (+18%). Changed its office addresses in Radford, VA. No longer lists an office in Charlotte, NC. No longer lists an office in Owings Mills, MD."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 202110713.0,
      "total_employees": 42,
      "filing_date": "2021-05-10"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 254530943.0,
      "total_employees": 44,
      "filing_date": "2022-05-12"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 257681888.0,
      "total_employees": 43,
      "filing_date": "2023-08-02"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 366417835.0,
      "total_employees": 44,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 567437959.0,
      "total_employees": 42,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 669830665.0,
      "total_employees": 41,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name Financial & Tax Services, LLC.",
        "No longer lists the business name Jack A. Heil CPA.",
        "Added the business name Lockridge Legacy Financial, LLC.",
        "Employees performing advisory functions went from 31 to 30.",
        "Regulatory assets under management went from $567,437,959 to $669,830,665 (+18%).",
        "Changed its office addresses in Radford, VA.",
        "No longer lists an office in Charlotte, NC.",
        "No longer lists an office in Owings Mills, MD."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Wells Fargo Clearing Services, LLC",
      "name_as_filed": "WELLS FARGO CLEARING 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/lombard-advisers-incorporated-baltimore-md-108231.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 867,
      "fewer_than_5": false,
      "raum": 356796409.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 74,
      "fewer_than_5": false,
      "raum": 154591637.0
    },
    {
      "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": 27,
      "fewer_than_5": false,
      "raum": 95447768.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 15,
      "fewer_than_5": false,
      "raum": 62738541.0
    },
    {
      "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": 2,
      "fewer_than_5": true,
      "raum": 256310.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item 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/108231",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}