# Shaker Financial Services

> Shaker Financial Services is an SEC-registered investment advisory firm in Annapolis, MD, registered since 2004, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 121534
- Filed as: SHAKER FINANCIAL SERVICES
- Legal name: Shaker Financial Services, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Annapolis, MD
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/121534
- AdvisorCensus page: https://advisorcensus.com/firm/shaker-financial-services-annapolis-md-121534

## Quick answers

**How is Shaker Financial Services compensated?**
On its Form ADV (Item 5.E, October 2026), Shaker Financial Services reports these compensation arrangements: a percentage of assets under its management.

**How much does Shaker Financial Services charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Up to $1,000,000: 1.5% a year; $1,000,001 to $3,000,000: 1.3% a year; $3,000,001 to $5,000,000: 1.1% a year; Above $5,000,001: 1% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Shaker Financial Services located?**
Shaker Financial Services' principal office is in Annapolis, MD, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Shaker Financial Services registered with the SEC or a state?**
Shaker Financial Services is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 121534.

**How much does Shaker Financial Services manage?**
Shaker Financial Services reports $286,320,400 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Shaker Financial Services' assets and staff changed since 2021?**
In the Form ADV data for Shaker Financial Services: Regulatory assets under management: $217,002,537 in the October 2021 data and $286,320,400 in the October 2026 data, up 32%. Total employees: 7 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 Shaker Financial Services serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (228); high net worth individuals (101).

**Does Shaker Financial Services 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/121534

**Does Shaker Financial Services state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "SFS’s minimum account size is generally $ 100,000, but this amount is negotiable based upon extenuating circumstances."

**What changed in Shaker Financial Services' recent Form ADV filings?**
In the January 2026 filing data: No longer registered or notice-filed in NM.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Up to $1,000,000: 1.5% a year
- $1,000,001 to $3,000,000: 1.3% a year
- $3,000,001 to $5,000,000: 1.1% a year
- Above $5,000,001: 1% a year

> Asset-based management fees are charged quarterly in advance, as agreed to with the client, based on a percentage of the client's assets under management at the beginning of the calendar quarter and are not negotiable.

> The fee schedule for new accounts is: Assets Under Management: Annual Fee: Less Than $1,000,000 1.50% $1,000,001 - $3,000,000 1.30% $3,000,001-$5,000,000 1.10% $5,000,001+ 1.00%

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> SFS’s minimum account size is generally $ 100,000, but this amount is negotiable based upon extenuating circumstances.

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

### Regulatory assets under management (Item 5.F)
- Total: $286,320,400
- Discretionary: $286,320,400
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 228 | $76,660,704 |
| High net worth individuals | 101 | $208,674,544 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $0 |
| Charitable organizations | Fewer than 5 | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | Fewer than 5 | $985,152 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2004 (22 years)
- Employees: 6 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, DC, FL, IL, MD, MO, NC, NJ, NY, OK, OR, TX, VA, WA
- 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
- Arlington, VA

### Websites listed on Form ADV (Item 1.I)
- shakerfinancial.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $217,002,537 | 7 | March 29, 2021 |
| October 2022 | $265,941,983 | 8 | March 30, 2022 |
| October 2023 | $207,583,087 | 8 | March 29, 2023 |
| October 2024 | $228,387,456 | 8 | March 27, 2024 |
| October 2025 | $260,612,020 | 6 | March 26, 2025 |
| October 2026 | $286,320,400 | 6 | March 27, 2026 |

Regulatory assets under management: $217,002,537 in the October 2021 data and $286,320,400 in the October 2026 data, up 32%.
Total employees: 7 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### January 2026
- No longer registered or notice-filed in NM.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Shaker Financial Services (CRD 121534): Form ADV filing data as of October 2026.