# Tufton Capital Management, LLC

> Tufton Capital Management, LLC is an SEC-registered investment advisory firm in Hunt Valley, MD, registered since 1995, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 13, 2026.

- CRD: 113543
- Filed as: TUFTON CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hunt Valley, MD
- Filing period: October 2026
- Form ADV filing dated: April 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113543
- AdvisorCensus page: https://advisorcensus.com/firm/tufton-capital-management-llc-hunt-valley-md-113543

## Quick answers

**How is Tufton Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Tufton Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Tufton Capital Management, LLC charge?**
Its Form ADV Part 2A brochure dated April 13, 2026 states: Up to $2,000,000: 1% a year; $2,000,000 to $5,000,000: 0.75% a year; Above $5,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Tufton Capital Management, LLC located?**
Tufton Capital Management, LLC's principal office is in Hunt Valley, MD, according to its Form ADV.

**Is Tufton Capital Management, LLC registered with the SEC or a state?**
Tufton Capital Management, LLC is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 113543.

**How much does Tufton Capital Management, LLC manage?**
Tufton Capital Management, LLC reports $463,781,747 in regulatory assets under management in its Form ADV filing dated April 13, 2026 (100% discretionary).

**How have Tufton Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Tufton Capital Management, LLC: Regulatory assets under management: $831,873,000 in the October 2021 data and $463,781,747 in the October 2026 data, down 44%. Total employees: 10 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tufton Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (170); individuals (other than high net worth individuals) (78).

**Does Tufton Capital Management, 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/113543

**Does Tufton Capital Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated April 13, 2026 says: "The required minimum to establish an account is $500,000. We will accept accounts that are less than the minimum at our sole discretion."

**What changed in Tufton Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $810,080,632 to $463,781,747 (-43%).

## 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 April 13, 2026)

- Up to $2,000,000: 1% a year
- $2,000,000 to $5,000,000: 0.75% a year
- Above $5,000,000: 0.5% a year

> Fees are assessed based on the client’s assets under management. The basic fee schedule is as follows: 1.00% on the first $2,000,000 .75% on the next $3,000,000 .50% on the balance of the account

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> The required minimum to establish an account is $500,000. We will accept accounts that are less than the minimum at our sole discretion.

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

### Regulatory assets under management (Item 5.F)
- Total: $463,781,747
- Discretionary: $463,781,747
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 78 | $24,970,204 |
| High net worth individuals | 170 | $407,082,966 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $0 |
| Charitable organizations | Fewer than 5 | $11,480,878 |
| Corporations or other businesses not listed above | Fewer than 5 | $20,247,699 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 1995 (30 years)
- Employees: 9 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MA, MD, NC, NY, PA, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- tuftoncapital.com
- LinkedIn @TUFTON-CAPITAL-MANAGMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $831,873,000 | 10 | March 24, 2021 |
| October 2022 | $957,267,000 | 10 | March 22, 2022 |
| October 2023 | $730,091,000 | 9 | June 20, 2023 |
| October 2024 | $727,529,170 | 9 | March 21, 2024 |
| October 2025 | $810,080,632 | 9 | May 28, 2025 |
| October 2026 | $463,781,747 | 9 | April 13, 2026 |

Regulatory assets under management: $831,873,000 in the October 2021 data and $463,781,747 in the October 2026 data, down 44%.
Total employees: 10 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $810,080,632 to $463,781,747 (-43%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tufton Capital Management, LLC (CRD 113543): Form ADV filing data as of October 2026.