AdvisorCensus / Financial advisors / Maryland / Baltimore / Oliver Wealth Management
Oliver Wealth Management
Filed as OLIVER WEALTH MANAGEMENT · Legal name Gunpowder Capital Management, LLC
Oliver Wealth Management is an SEC-registered investment advisory firm in Towson, MD, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is Oliver Wealth Management compensated?
On its Form ADV (Item 5.E, October 2026), Oliver Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
What does Oliver Wealth Management's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 0.035% to 2.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Oliver Wealth Management located?
Oliver Wealth Management's principal office is in Towson, MD, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).
Is Oliver Wealth Management registered with the SEC or a state?
Oliver Wealth Management is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314867.
How much does Oliver Wealth Management manage?
Oliver Wealth Management reports $340,420,749 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).
How have Oliver Wealth Management's assets and staff changed since 2021?
In the Form ADV data for Oliver Wealth Management: Regulatory assets under management: $0 in the October 2021 data and $340,420,749 in the October 2026 data. Total employees: 4 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Oliver Wealth Management serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (401); high net worth individuals (83); pension and profit sharing plans (but not the plan participants or government pension plans) (10).
Which custodians does Oliver Wealth Management use?
Oliver Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James Financial Services, Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Oliver Wealth Management 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/314867
Does Oliver Wealth Management state an account minimum?
Its Form ADV Part 2A brochure dated March 30, 2026 says: "Oliver Wealth generally does not impose a minimum relationship size."
What changed in Oliver Wealth Management's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $297,623,713 to $340,420,749 (+14%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.035% to 2.5% a year (a range, as the brochure states it)
The brochure's wording
Wealth management fees range from 0.035% to 2.50% annually. The advisory fee assessed in the first quarter of service will be prorated from the inception date of the account[s] to the end of the first quarter. Fees can be negotiable at our discretion.
Account minimum: None
The brochure's wording
Oliver Wealth generally does not impose a minimum relationship size.
As stated in the firm's Form ADV Part 2A brochure dated March 30, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$340,420,749 as of October 2026, filing dated March 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Legal name
- Gunpowder Capital Management, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 6. Performing investment advisory functions: 4.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
2 other offices, as of the April 2026 filing
- States registered or notice-filed
-
8 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $340,420,749 | 6 | March 30, 2026 |
| October 2025 | $297,623,713 | 5 | March 25, 2025 |
| October 2024 | $290,000,000 | 5 | May 14, 2024 |
| October 2023 | $248,115,881 | 6 | May 3, 2023 |
| October 2022 | $292,390,829 | 5 | April 1, 2022 |
| October 2021 | $0 | 4 | September 11, 2021 |
Regulatory assets under management: $0 in the October 2021 data and $340,420,749 in the October 2026 data.
Total employees: 4 in October 2021 and 6 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $297,623,713 to $340,420,749 (+14%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Oliver Wealth Management (CRD 314867): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/oliver-wealth-management-towson-md-314867