# Oliver Wealth Management

> 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.

- CRD: 314867
- Filed as: OLIVER WEALTH MANAGEMENT
- Legal name: Gunpowder Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Towson, MD
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/314867
- AdvisorCensus page: https://advisorcensus.com/firm/oliver-wealth-management-towson-md-314867

## Quick answers

**How 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

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: 0.035% to 2.5% a year (a range, as the brochure states it)

> 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

> Oliver Wealth generally does not impose a minimum relationship size.

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

### Custodians (Schedule D, Section 5.K(3))
- Raymond James Financial Services, Inc.

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: $340,420,749
- Discretionary: $340,420,749
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 401 | $103,642,933 |
| High net worth individuals | 83 | $231,012,562 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 10 | $4,309,818 |
| Charitable organizations | 1 | $1,212,517 |
| Corporations or other businesses not listed above | 1 | $242,919 |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, FL, IL, MD, MO, PA, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Boca Raton, FL
- St. Louis, MO

### Websites listed on Form ADV (Item 1.I)
- oliverwealth.com
- Facebook @TheRightRetirementPlan
- X @wealth_oliver

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $0 | 4 | September 11, 2021 |
| October 2022 | $292,390,829 | 5 | April 1, 2022 |
| October 2023 | $248,115,881 | 6 | May 3, 2023 |
| October 2024 | $290,000,000 | 5 | May 14, 2024 |
| October 2025 | $297,623,713 | 5 | March 25, 2025 |
| October 2026 | $340,420,749 | 6 | March 30, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $297,623,713 to $340,420,749 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Oliver Wealth Management (CRD 314867): Form ADV filing data as of October 2026.