{
  "crd_number": 170024,
  "slug": "montgomery-financial-ocean-city-md-170024",
  "primary_business_name": "MONTGOMERY FINANCIAL",
  "legal_name": "MONTGOMERY FINANCIAL SERVICES, LLC",
  "dbas": [],
  "city": "Ocean City",
  "state": "MD",
  "country": "United States",
  "cbsa_code": "36180",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-02-15",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-06-17",
  "carried_forward": false,
  "raum_total": 229758052.0,
  "raum_discretionary": 229758052.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 6,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 237447.0,
      "count": 2,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 177079659.0,
      "count": 924
    },
    "high_net_worth_individuals": {
      "raum": 52440946.0,
      "count": 26
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "DE",
    "FL",
    "MD",
    "PA"
  ],
  "websites": [
    "https://facebook.com/LOGIN.PHP?API_KEY=966242223397117&NEXT=HTTPS%3A%2F%2FWWW.FACEBOOK.COM%2F&SIGNED_NEXT=1&SKIP_API_LOGIN=1",
    "https://instagram.com/mfswealth",
    "https://jeffreymontgomery.com",
    "https://linkedin.com/company/mfs-wealth",
    "https://mfswealth.com",
    "https://montgomeryfinancialservices.com",
    "https://youtube.com/channel/UCfXTcMIBmMKwnvf42y-1lHw"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/170024",
  "city_as_filed": "OCEAN CITY",
  "url": "https://advisorcensus.com/firm/montgomery-financial-ocean-city-md-170024",
  "display_name": "Montgomery Financial",
  "summary": "Montgomery Financial is an SEC-registered investment advisory firm in Ocean City, MD, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 17, 2026.",
  "citation": "AdvisorCensus. Montgomery Financial (CRD 170024): 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",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "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)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Montgomery Financial compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Montgomery Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other."
    },
    {
      "q": "How much does Montgomery Financial charge?",
      "a": "Its Form ADV Part 2A brochure dated June 17, 2026 states: Hourly rate: $350 an hour (financial analysis). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Montgomery Financial located?",
      "a": "Montgomery Financial's principal office is in Ocean City, MD, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Montgomery Financial registered with the SEC or a state?",
      "a": "Montgomery Financial is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 170024."
    },
    {
      "q": "How much does Montgomery Financial manage?",
      "a": "Montgomery Financial reports $229,758,052 in regulatory assets under management in its Form ADV filing dated June 17, 2026 (100% discretionary)."
    },
    {
      "q": "How have Montgomery Financial's assets and staff changed since 2024?",
      "a": "In the Form ADV data for Montgomery Financial: Regulatory assets under management: $112,945,500 in the October 2024 data and $229,758,052 in the October 2026 data, up 103%. Total employees: 6 in October 2024 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Montgomery Financial serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (924); high net worth individuals (26); charitable organizations (2)."
    },
    {
      "q": "Which custodians does Montgomery Financial use?",
      "a": "Montgomery Financial's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Distributors Company LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Montgomery Financial 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/170024"
    },
    {
      "q": "What changed in Montgomery Financial's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Regulatory assets under management went from $203,750,000 to $229,758,052 (+13%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 112945500.0,
      "total_employees": 6,
      "filing_date": "2024-09-06"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 167014455.0,
      "total_employees": 5,
      "filing_date": "2025-06-04"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 229758052.0,
      "total_employees": 6,
      "filing_date": "2026-06-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Regulatory assets under management went from $203,750,000 to $229,758,052 (+13%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $167,014,455 to $203,750,000 (+22%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 3 to 4."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated June 17, 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": [
      "Hourly rate: $350 an hour (financial analysis)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $350 an hour (financial analysis)"
        ],
        "quotes": [
          "In the event the client does not engage MF on one of the options above, the client and MF may agree to an hourly fixed fee of up to $350 per hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 350.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "financial analysis"
        }
      ]
    },
    "quotes": [
      "In the event the client does not engage MF on one of the options above, the client and MF may agree to an hourly fixed fee of up to $350 per hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Distributors Company LLC",
      "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY 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/montgomery-financial-ocean-city-md-170024.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 924,
      "fewer_than_5": false,
      "raum": 177079659.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 26,
      "fewer_than_5": false,
      "raum": 52440946.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": true,
      "raum": 237447.0
    }
  ],
  "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/170024",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}