Baltimore Washington Financial Advisors, Inc. (Columbia)

Name: Baltimore Washington Financial Advisors, Inc.
Address: 5950 Symphony Woods Rd., Columbia, MD, 21044
Telephone: 240-461-3900

Baltimore Washington Financial Advisors, Inc. is a large advisory firm based in Columbia. It manages $765.83 million of regulatory assets for 1,838 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Delaware, District of Columbia, and 11 other states.

Baltimore Washington Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, educational seminars and workshops, and tax preparation and tax planning, business succession planning, employer-sponsored retirement plan services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Baltimore Washington Financial Advisors: assets under management

The assets under management (AUM) of Baltimore Washington Financial Advisors, Inc. is $765.83 million. The firm's AUM has grown by 175% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $748.01 million in discretionary accounts and $17.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $416.72 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $414.26 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Baltimore Washington Financial Advisors, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert G Carpenter serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Robert G Carpenter is high net worth individuals with 268 clients and $640.28 million of assets under management. Among the 13 most similar advisory firms, Baltimore Washington Financial Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $765.83 million for 592 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Baltimore Washington Financial Advisors doesn't advise any private funds.

Careers at Baltimore Washington Financial Advisors, Inc.

The company employs 15 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert G Carpenter has been acting as President since 1 Jun 2012. Joseph U Manfredi joined the executive team most recently as the Chief Operating Officer & Senior Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert G Carpenter	President	1 Jun 2012	75% - 100%	1992563
Robert Warren Cassel	Chief compliance officer	1 Jun 2012	Other	2469447
Robert G Carpenter	President & chief compliance officer	1 Jul 2013	75% - 100%	1992563
Joseph U Manfredi	Chief operating officer & senior portfolio manager	1 Jul 2013	Other	1882511
Meghan Emery Manas	Director, client services	1 Jul 2013	Other	6710816

Based in Columbia

The principal office where Baltimore Washington Financial Advisors, Inc. performs its advisory services is located at 5950 Symphony Woods Rd., Columbia, MD 21044, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 240-461-3900 or by fax 443-539-0330. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at bwfa.com.