1919 Investment Counsel, LLC

CRD#133370
Investment Advisor Firm

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Learn more about 1919 Investment Counsel, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    1919 Investment Counsel, LLC is located at One South Street, Baltimore, MD. The firm employs 63 financial advisors to manage client portfolios and provide financial guidance. 1919 Investment Counsel, LLC is not a registered broker-dealer.

    1919 Investment Counsel, LLC oversees $21.3 billion in assets under management across 5,142 accounts, of which 5,117 are discretionary and 25 are non-discretionary. Over the past year, the firm has provided financial planning services to between 251 and 500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutional clients, pension consulting services, selection of other advisers, and other services. The firm caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at 1919 Investment Counsel, LLC includes asset-based, fixed, and other fees. The firm has 2,514 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, accountant or accounting firm, lawyer or law firm, insurance company or agency, and commodity pool advisor.

    1919 Investment Counsel, LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $21.3 billion

    Number of Advisors

    63

    Disclosures

    No

    Office Location

    One South Street
    Baltimore, MD 21202

    1919 Investment Counsel, LLC by the Numbers

    Total Assets Under Management

    $21.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    136

    National Average: 64
    Total Number of Accounts

    5,142

    National Average: 375,227
    Average Account Size

    $4.1 million

    National Average: $23.0 thousand
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    Products and Services

    1919 Investment Counsel, LLC provides a variety of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutional clients, pension consulting services, selection of other advisers, and other services. In the last fiscal year, 1919 Investment Counsel, LLC provided 251-500 of its accounts with financial planning services. The Company is engaged in selling products or offering services aside from investment advice to its clients.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial advisory services largely are based on the type of services provided. Fees charged by 1919 Investment Counsel, LLC most likely include any combination of the following fee structures: asset-based, fixed, or other. The company does participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Types of Clients

    The company does business with a broad range of investors. It provides services to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities, and corporations. Out of its 7 clients, 1919 Investment Counsel, LLC's biggest client group by number of accounts is high net worth investors, though it also manages money for 2514 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 48.99%
    • Other Individuals - 44.82%
    • Corporations - 3.27%
    • Charitable Organizations - 2.92%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    1919 Investment Counsel, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at 1919 Investment Counsel, LLC

    Erika De La Rosa Hennessey
    San Francisco, CA
    James O'Connor
    San Francisco, CA
    Michael Mcandrew
    Baltimore, MD
    John Roberson
    San Francisco, CA
    Elizabeth Juson
    San Francisco, CA
    Ashley Tabb
    Birmingham, AL
    Andrew Rand
    San Francisco, CA
    Paul Clark
    San Francisco, CA
    Elana Brutman
    San Francisco, CA

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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