# 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.

- CRD: 105289
- Filed as: WBH ADVISORY, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Baltimore, MD
- Filing period: October 2026
- Form ADV filing dated: April 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105289
- AdvisorCensus page: https://advisorcensus.com/firm/wbh-advisory-inc-baltimore-md-105289

## Quick answers

**How 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

### 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 March 29, 2026)

- Asset-based fee: 0.45% to 1.2% a year (a range, as the brochure states it)

> 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

> WBH does not have a minimum account size.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- National Financial Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,737,525,543
- Discretionary: $1,737,525,543
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 307 | $135,679,119 |
| High net worth individuals | 418 | $1,583,228,853 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $13,489,549 |
| Charitable organizations | 10 | $2,831,002 |
| Corporations or other businesses not listed above | 5 | $2,297,020 |

### 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

### Firm details
- Registered since: 1986 (39 years)
- Employees: 16 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, DC, DE, FL, GA, IL, MA, MD, NC, NH, NJ, NY, OH, OR, PA, SC, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- wbhadvisory.com
- LinkedIn @WBH-ADVISORY

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $856,562,066 | 9 | August 11, 2021 |
| October 2022 | $1,295,331,000 | 13 | March 4, 2022 |
| October 2023 | $1,110,610,957 | 13 | March 9, 2023 |
| October 2024 | $1,294,477,358 | 14 | May 10, 2024 |
| October 2025 | $1,488,849,669 | 16 | March 12, 2025 |
| October 2026 | $1,737,525,543 | 16 | April 30, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. WBH Advisory, Inc. (CRD 105289): Form ADV filing data as of October 2026.