{
  "crd_number": 301282,
  "slug": "turning-point-financial-frederick-md-301282",
  "primary_business_name": "TURNING POINT FINANCIAL",
  "legal_name": "TURNING POINT BENEFIT GROUP, INC.",
  "dbas": [],
  "city": "Frederick",
  "state": "MD",
  "country": "United States",
  "cbsa_code": "47900",
  "metro": {
    "cbsa_code": "47900",
    "common_name": "Washington",
    "msa_name": "Washington-Arlington-Alexandria, DC-VA-MD-WV",
    "path": "/advisors/dc/washington"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-07-03",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-07-01",
  "carried_forward": false,
  "raum_total": 339382378.0,
  "raum_discretionary": 339382378.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 23,
  "advisory_employees": 15,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 654860.0,
      "count": 5
    },
    "individuals": {
      "raum": 151545789.0,
      "count": 683
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 186887773.0,
      "count": 101
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 293956.0,
      "count": 5
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "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": 2,
  "states_registered": [
    "CA",
    "CO",
    "DC",
    "DE",
    "FL",
    "GA",
    "LA",
    "MD",
    "MI",
    "NC",
    "NE",
    "NJ",
    "NY",
    "OH",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WV"
  ],
  "websites": [
    "https://tpfinancial.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/301282",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    }
  ],
  "city_as_filed": "FREDERICK",
  "url": "https://advisorcensus.com/firm/turning-point-financial-frederick-md-301282",
  "display_name": "Turning Point Financial",
  "summary": "Turning Point Financial is an SEC-registered investment advisory firm in Frederick, MD, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 1, 2026.",
  "citation": "AdvisorCensus. Turning Point Financial (CRD 301282): 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 Turning Point Financial compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Turning Point Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Turning Point Financial charge?",
      "a": "Its Form ADV Part 2A brochure dated July 1, 2026 states: Flat fee: $500 to $10,000 (creating client financial plans); Hourly rate: $350 an hour (standard financial plan); Hourly rate: $99 to $500 an hour (financial planning services); Hourly rate: $250 an hour (Individual or business tax consulting); Subscription: $5,000 to $150,000 a year (full-service accounting support). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Turning Point Financial located?",
      "a": "Turning Point Financial's principal office is in Frederick, MD, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Turning Point Financial registered with the SEC or a state?",
      "a": "Turning Point Financial is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 301282."
    },
    {
      "q": "How much does Turning Point Financial manage?",
      "a": "Turning Point Financial reports $339,382,378 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (100% discretionary)."
    },
    {
      "q": "How have Turning Point Financial's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Turning Point Financial: Regulatory assets under management: $186,283,726 in the October 2021 data and $339,382,378 in the October 2026 data, up 82%. Total employees: 14 in October 2021 and 23 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Turning Point Financial serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (683); high net worth individuals (101); charitable organizations (5)."
    },
    {
      "q": "Which custodians does Turning Point Financial use?",
      "a": "Turning Point Financial's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and SEI Private Trust / SEI Investments Distribution Co. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Turning Point Financial report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation) and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/301282"
    },
    {
      "q": "Does Turning Point Financial state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated July 1, 2026 says: \"There is no investment account minimum for any of Turning Point Financial’s services.\""
    },
    {
      "q": "What changed in Turning Point Financial's recent Form ADV filings?",
      "a": "In the May 2026 filing data: Employees performing advisory functions went from 16 to 15. Regulatory assets under management went from $383,146,200 to $339,382,378 (-11%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 186283726.0,
      "total_employees": 14,
      "filing_date": "2021-03-18"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 233642323.0,
      "total_employees": 17,
      "filing_date": "2022-09-27"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 238178463.0,
      "total_employees": 19,
      "filing_date": "2023-08-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 310006374.0,
      "total_employees": 24,
      "filing_date": "2024-09-10"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 383146200.0,
      "total_employees": 25,
      "filing_date": "2025-03-17"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 339382378.0,
      "total_employees": 23,
      "filing_date": "2026-07-01"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Employees performing advisory functions went from 16 to 15.",
        "Regulatory assets under management went from $383,146,200 to $339,382,378 (-11%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 1, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $500 to $10,000 (creating client financial plans)",
      "Hourly rate: $350 an hour (standard financial plan)",
      "Hourly rate: $99 to $500 an hour (financial planning services)",
      "Hourly rate: $250 an hour (Individual or business tax consulting)",
      "Subscription: $5,000 to $150,000 a year (full-service accounting support)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is no investment account minimum for any of Turning Point Financial’s services."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $500 to $10,000 (creating client financial plans)"
        ],
        "quotes": [
          "The fixed rate for creating client financial plans ranges from $500 and $10,000, depending on complexity of the scope of work"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $350 an hour (standard financial plan)"
        ],
        "quotes": [
          "The average rate for a standard financial plan is $3,000, or $350/hour."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $99 to $500 an hour (financial planning services)"
        ],
        "quotes": [
          "From time to time, Turning Point will offer financial planning services for an hourly charge which is agreed upon in advance. The rate for these services ranges from $99/hour to $500/hour"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $250 an hour (Individual or business tax consulting)"
        ],
        "quotes": [
          "Individual or business tax consulting hourly rate starts at $250/hour."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $5,000 to $150,000 a year (full-service accounting support)"
        ],
        "quotes": [
          "Ongoing business consulting and accounting services range from $5,000 - $150,000 per year for full-service accounting support"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 500.0,
          "max": 10000.0,
          "period": "one_time",
          "service": "creating client financial plans"
        },
        {
          "kind": "hourly",
          "amount": 350.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "standard financial plan"
        },
        {
          "kind": "hourly",
          "amount": null,
          "min": 99.0,
          "max": 500.0,
          "period": "hour",
          "service": "financial planning services"
        },
        {
          "kind": "hourly",
          "amount": 250.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Individual or business tax consulting"
        },
        {
          "kind": "subscription",
          "amount": null,
          "min": 5000.0,
          "max": 150000.0,
          "period": "annual",
          "service": "full-service accounting support"
        }
      ]
    },
    "quotes": [
      "There is no investment account minimum for any of Turning Point Financial’s services.",
      "The fixed rate for creating client financial plans ranges from $500 and $10,000, depending on complexity of the scope of work",
      "The average rate for a standard financial plan is $3,000, or $350/hour.",
      "From time to time, Turning Point will offer financial planning services for an hourly charge which is agreed upon in advance. The rate for these services ranges from $99/hour to $500/hour",
      "Individual or business tax consulting hourly rate starts at $250/hour.",
      "Ongoing business consulting and accounting services range from $5,000 - $150,000 per year for full-service accounting support"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "SEI Private Trust / SEI Investments Distribution Co.",
      "name_as_filed": "SEI PRIVATE TRUST / SEI INVESTMENTS DISTRIBUTION CO.",
      "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/turning-point-financial-frederick-md-301282.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 683,
      "fewer_than_5": false,
      "raum": 151545789.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 101,
      "fewer_than_5": false,
      "raum": 186887773.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 5,
      "fewer_than_5": false,
      "raum": 654860.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 5,
      "fewer_than_5": false,
      "raum": 293956.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "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/301282",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}