{
  "crd_number": 314867,
  "slug": "oliver-wealth-management-towson-md-314867",
  "primary_business_name": "OLIVER WEALTH MANAGEMENT",
  "legal_name": "GUNPOWDER CAPITAL MANAGEMENT, 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": "2021-06-21",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 340420749.0,
  "raum_discretionary": 340420749.0,
  "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": 1212517.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 103642933.0,
      "count": 401
    },
    "pension_profit_sharing": {
      "raum": 4309818.0,
      "count": 10
    },
    "high_net_worth_individuals": {
      "raum": 231012562.0,
      "count": 83
    },
    "corporations_other_businesses": {
      "raum": 242919.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "FL",
    "IL",
    "MD",
    "MO",
    "PA",
    "TX",
    "VA"
  ],
  "websites": [
    "https://facebook.com/TheRightRetirementPlan",
    "https://oliverwealth.com",
    "https://twitter.com/wealth_oliver"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/314867",
  "city_as_filed": "TOWSON",
  "url": "https://advisorcensus.com/firm/oliver-wealth-management-towson-md-314867",
  "display_name": "Oliver Wealth Management",
  "summary": "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.",
  "citation": "AdvisorCensus. Oliver Wealth Management (CRD 314867): 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)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Oliver Wealth Management compensated?",
      "a": "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)."
    },
    {
      "q": "What does Oliver Wealth Management's brochure say about its fees?",
      "a": "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."
    },
    {
      "q": "Where is Oliver Wealth Management located?",
      "a": "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)."
    },
    {
      "q": "Is Oliver Wealth Management registered with the SEC or a state?",
      "a": "Oliver Wealth Management is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314867."
    },
    {
      "q": "How much does Oliver Wealth Management manage?",
      "a": "Oliver Wealth Management reports $340,420,749 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Oliver Wealth Management's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Oliver Wealth Management serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Oliver Wealth Management use?",
      "a": "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."
    },
    {
      "q": "Does Oliver Wealth Management 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/314867"
    },
    {
      "q": "Does Oliver Wealth Management state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"Oliver Wealth generally does not impose a minimum relationship size.\""
    },
    {
      "q": "What changed in Oliver Wealth Management's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $297,623,713 to $340,420,749 (+14%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 4,
      "filing_date": "2021-09-11"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 292390829.0,
      "total_employees": 5,
      "filing_date": "2022-04-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 248115881.0,
      "total_employees": 6,
      "filing_date": "2023-05-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 290000000.0,
      "total_employees": 5,
      "filing_date": "2024-05-14"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 297623713.0,
      "total_employees": 5,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 340420749.0,
      "total_employees": 6,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $297,623,713 to $340,420,749 (+14%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.035% to 2.5% a year",
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.035% to 2.5% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "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."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "Oliver Wealth generally does not impose a minimum relationship size."
        ]
      }
    ],
    "quotes": [
      "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.",
      "Oliver Wealth generally does not impose a minimum relationship size."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Raymond James Financial Services, Inc.",
      "name_as_filed": "RAYMOND JAMES FINANCIAL SERVICES, INC.",
      "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/oliver-wealth-management-towson-md-314867.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 401,
      "fewer_than_5": false,
      "raum": 103642933.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 83,
      "fewer_than_5": false,
      "raum": 231012562.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 4309818.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 1212517.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 242919.0
    }
  ],
  "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/314867",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}