AdvisorCensus / Financial advisors / Maryland / Baltimore / WBH Advisory, Inc.
WBH Advisory, Inc. is an SEC-registered investment advisory firm in Baltimore, MD, registered since 1986, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.
Quick answers
From the filingHow is WBH Advisory, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), WBH Advisory, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
How much does WBH Advisory, Inc. charge?
Its Form ADV Part 2A brochure dated March 29, 2026 states: Asset-based fee: 0.45% to 1.2% 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 WBH Advisory, Inc. located?
WBH Advisory, Inc.'s principal office is in Baltimore, MD, according to its Form ADV.
Is WBH Advisory, Inc. registered with the SEC or a state?
WBH Advisory, Inc. is an SEC-registered investment advisory firm, registered since 1986. Status as filed: Approved. CRD 105289.
How much does WBH Advisory, Inc. manage?
WBH Advisory, Inc. reports $1,737,525,543 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary).
How have WBH Advisory, Inc.'s assets and staff changed since 2021?
In the Form ADV data for WBH Advisory, Inc.: Regulatory assets under management: $856,562,066 in the October 2021 data and $1,737,525,543 in the October 2026 data, up 103%. Total employees: 9 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does WBH Advisory, Inc. serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (418); individuals (other than high net worth individuals) (307); charitable organizations (10).
Which custodians does WBH Advisory, Inc. use?
WBH Advisory, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.
Does WBH Advisory, Inc. 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/105289
Does WBH Advisory, Inc. state an account minimum?
Its Form ADV Part 2A brochure dated March 29, 2026 says: "WBH does not have a minimum account size."
What changed in WBH Advisory, Inc.'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
- Hourly charges
- Fixed fees (other than subscription fees)
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: 0.45% to 1.2% a year (a range, as the brochure states it)
The brochure's wording
A new WBH client will pay a fee based on an annual percentage of managed assets between 0.45% and 1.2% depending on various factors described below under the heading “Disclosure Applicable to All Offerings”.
Account minimum: None
The brochure's wording
WBH does not have a minimum account size.
As stated in the firm's Form ADV Part 2A brochure dated March 29, 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$1,737,525,543 as of October 2026, filing dated April 30, 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- Financial planning services
- 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
- 1986 (39 years)
- Employees
- Total: 16. Performing investment advisory functions: 11.
- 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.
- States registered or notice-filed
-
20 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 | $1,737,525,543 | 16 | April 30, 2026 |
| October 2025 | $1,488,849,669 | 16 | March 12, 2025 |
| October 2024 | $1,294,477,358 | 14 | May 10, 2024 |
| October 2023 | $1,110,610,957 | 13 | March 9, 2023 |
| October 2022 | $1,295,331,000 | 13 | March 4, 2022 |
| October 2021 | $856,562,066 | 9 | August 11, 2021 |
Regulatory assets under management: $856,562,066 in the October 2021 data and $1,737,525,543 in the October 2026 data, up 103%.
Total employees: 9 in October 2021 and 16 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).
- March 2026
- Regulatory assets under management went from $1,488,849,669 to $1,737,525,543 (+17%).
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Registered or notice-filed in NH.
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. WBH Advisory, Inc. (CRD 105289): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/wbh-advisory-inc-baltimore-md-105289