AdvisorCensus / Financial advisors / Maryland / Baltimore / The Marshall Financial Group LLC
The Marshall Financial Group LLC is an SEC-registered investment advisory firm in Hunt Valley, MD, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 8, 2026.
Quick answers
From the filingHow is The Marshall Financial Group LLC compensated?
On its Form ADV (Item 5.E, October 2026), The Marshall Financial Group LLC reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical).
What does The Marshall Financial Group LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated February 25, 2026 states: Asset-based fee: up to 3% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is The Marshall Financial Group LLC located?
The Marshall Financial Group LLC's principal office is in Hunt Valley, MD, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is The Marshall Financial Group LLC registered with the SEC or a state?
The Marshall Financial Group LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 146362.
How much does The Marshall Financial Group LLC manage?
The Marshall Financial Group LLC reports $735,572,235 in regulatory assets under management in its Form ADV filing dated April 8, 2026 (97% discretionary).
How have The Marshall Financial Group LLC's assets and staff changed since 2021?
In the Form ADV data for The Marshall Financial Group LLC: Regulatory assets under management: $208,316,856 in the October 2021 data and $735,572,235 in the October 2026 data, up 253%. Total employees: 7 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does The Marshall Financial Group LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (828); high net worth individuals (166); pension and profit sharing plans (but not the plan participants or government pension plans) (11).
Which custodians does The Marshall Financial Group LLC use?
The Marshall Financial Group LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.
Does The Marshall Financial Group LLC 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/146362
What changed in The Marshall Financial Group LLC's recent Form ADV filings?
In the May 2026 filing data: Updated its list of owners and control persons (Schedule A).
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
- Subscription fees (for a newsletter or periodical)
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: up to 3% of assets a year (the maximum the brochure states)
The brochure's wording
Fees for investment management do not exceed 3% per year of the assets under management. However, we may negotiate lower fees based on percentages under management with clients based on account size and the scope and complexity of the services to be performed.
Minimum annual fee: $5,000
The brochure's wording
If this fee is below our minimum fee, not to exceed $5,000 annually, we will impose additional fees be paid for management of your advisory accounts.
The minimum fee may be more than other advisors would charge for the same or similar services.
As stated in the firm's Form ADV Part 2A brochure dated February 25, 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$735,572,235 as of October 2026, filing dated April 8, 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- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2019 (6 years)
- Employees
- Total: 18. Performing investment advisory functions: 10.
- 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)
-
1 other office, as of the May 2026 filing
- States registered or notice-filed
-
21 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 | $735,572,235 | 18 | April 8, 2026 |
| October 2025 | $593,043,749 | 19 | May 9, 2025 |
| October 2024 | $468,675,437 | 17 | September 19, 2024 |
| October 2023 | $380,682,636 | 7 | September 14, 2023 |
| October 2022 | $411,807,055 | 10 | July 21, 2022 |
| October 2021 | $208,316,856 | 7 | September 7, 2021 |
Regulatory assets under management: $208,316,856 in the October 2021 data and $735,572,235 in the October 2026 data, up 253%.
Total employees: 7 in October 2021 and 18 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- May 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Added an office in Visalia, CA.
- March 2026
- Regulatory assets under management went from $593,043,749 to $735,572,235 (+24%).
- No longer lists an office in Kingston, NY.
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Employees performing advisory functions went from 11 to 10.
- No longer lists an office in Chicago, IL.
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. The Marshall Financial Group LLC (CRD 146362): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/the-marshall-financial-group-llc-hunt-valley-md-146362