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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 1b 10b

WBH ADVISORY, INC.

CRD 105289

BALTIMORE, MD

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:aa9f7168-fa23-ed78-72ef-4430199f8b5d

Data as of Apr 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 12:38 PM UTC and rebuilt at most every 15 minutes.

Relationships: 15
Dated events: 2
On other graphs: 0
Observed: Jan 20, 2012 to Apr 30, 2026
55 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $1.7BItem 5.F on the latest filing (2026-04-30); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $1.7B
Private client RAUM: $1.7BderivedItem 5.D individuals plus high net worth individuals
Private client share: 99%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 11
RAUM per advisor: $158Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 16
Advisory employees: 11
Offices: 4Schedule D 1.F, beyond the principal office
Accounts: 2,335
Individual clients: 307
High net worth clients: 418
Custody, client assets: $442M
SEC number: 801-27973
CIK: 1259671
CRD: 105289
Filings on the tape: 55
First filed: Jan 20, 2012
Latest filed: Apr 30, 2026
Organised: Corporation, MD
Website: wbhadvisory.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
JOHN RAYMOND CICCARONE	n/a	BALTIMORE, MD	34	34	n/a	no
MARC JEFFREY HERTZBERG	Chartered Financial Analyst	BALTIMORE, MD	27	27	n/a	no
ROBERT JOEL WILLEN	Chartered Financial Analyst	BALTIMORE, MD	25	26	n/a	no
BENJAMIN M WALLER	Certified Financial Planner\|Chartered Financial Analyst	BALTIMORE, MD	17	17	n/a	no
GREGORY AARON BITZ	Certified Financial Planner\|Chartered Financial Consultant	SURFSIDE, FL \| BALTIMORE, MD	10	29	1	no
JACK ARTHUR RAMEY	Certified Financial Planner	BALTIMORE, MD	6	39	2	no
JOSHUA AKEROYD MASON	Certified Financial Planner	BALTIMORE, MD \| CLARKSBURG, MD	5	31	3	no
CARRIE ELOISE DURBIN BEREN	Certified Financial Planner	BALTIMORE, MD	5	18	4	no
Conor Jonathan Renn	n/a	KATY, TX \| BALTIMORE, MD	3	11	n/a	no
Joel Douglas Hosner	Certified Financial Planner	BALTIMORE, MD	3	11	1	no
Charles William Kenny	n/a	BALTIMORE, MD	2	12	n/a	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
HERTZBERG, MARC, JEFFREY	CHIEF COMPLIANCE OFFICER	E	yes	01/2004	Apr 30, 2026	Apr 30, 2026
WALLER, BENJAMIN, M	Shareholder	B	no	01/2021	Apr 30, 2026	Apr 30, 2026
WILLEN, ROBERT, JOEL	Shareholder	B	no	01/2021	Apr 30, 2026	Apr 30, 2026

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
MARC J. HERTZBERG	n/a	n/a	n/a	Y	no	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
n/a	n/a	n/a	1	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 15 of 17

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Apr 30, 2026	$1.7B	$1.7B	16	11	4	n/a	n/a
2024	Mar 12, 2025	$1.5B	$1.5B	16	11	4	n/a	n/a
2023	Mar 4, 2024	$1.3B	$1.3B	14	11	4	n/a	n/a
2022	Feb 16, 2023	$1.1B	$1.1B	13	12	5	n/a	n/a
2021	Mar 2, 2022	$1.3B	$1.3B	13	10	3	n/a	n/a
2020	Mar 15, 2021	$857M	$857M	9	7	1	n/a	n/a
2019	Mar 12, 2020	$762M	$762M	9	7	2	n/a	n/a
2018	Mar 21, 2019	$638M	$638M	8	8	3	n/a	n/a
2017	Mar 3, 2018	$645M	$645M	7	7	2	n/a	n/a
2016	Feb 14, 2017	$555M	$555M	8	7	n/a	n/a	n/a
2015	Jan 29, 2016	$442M	$442M	10	7	n/a	n/a	n/a
2014	Mar 2, 2015	$467M	$467M	10	7	n/a	n/a	n/a
2013	Feb 19, 2014	$389M	$389M	6	6	n/a	n/a	n/a
2012	Feb 5, 2013	$336M	$336M	6	6	n/a	n/a	n/a
2011	Jan 20, 2012	$287M	$287M	n/a	n/a	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	1

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$1.7B	$1.5B	16.7%	$1.1B	16.1%	16	16	4	4

Relationships

Registered with (12)

← Charles William KennyAdvisorregistration: current employment
Oct 9, 2023 to presentfactForm ADV
← Joel Douglas HosnerAdvisorregistration: current employment
May 9, 2023 to presentfactForm ADV
← Conor Jonathan RennAdvisorregistration: current employment
Nov 22, 2022 to presentfactForm ADV
← JOSHUA AKEROYD MASONAdvisorregistration: current employment
Sep 3, 2021 to presentfactForm ADV
← CARRIE ELOISE DURBIN BERENAdvisorregistration: current employment
Sep 3, 2021 to presentfactForm ADV
← JACK ARTHUR RAMEYAdvisorregistration: current employment
Apr 22, 2020 to presentfactForm ADV
← GREGORY AARON BITZAdvisorregistration: current employment
Jul 7, 2016 to presentfactForm ADV
← BENJAMIN M WALLERAdvisorregistration: current employment
Sep 4, 2009 to presentfactForm ADV
← ROBERT JOEL WILLENAdvisorregistration: current employment
Oct 23, 2000 to presentfactForm ADV
← MARC JEFFREY HERTZBERGAdvisorregistration: current employment
Feb 25, 1999 to presentfactForm ADV
← JOHN RAYMOND CICCARONEAdvisorregistration: current employment
Jun 16, 1992 to presentfactForm ADV
← IVY MONIQUE ALEXANDERAdvisorregistration: previous registration
Aug 10, 2019 to Jul 18, 2024factForm ADV

Controls (1)

← HERTZBERG, MARC, JEFFREYOwnerCHIEF COMPLIANCE OFFICER, ownership code E, individual
Jan 20, 2012 to May 10, 2024factForm ADV

Owns (2)

← WILLEN, ROBERT, JOELOwnerSHAREHOLDER, ownership code B, individual
Mar 2, 2022 to May 10, 2024factForm ADV
← WALLER, BENJAMIN, MOwnerSHAREHOLDER, ownership code B, individual
Mar 2, 2022 to May 10, 2024factForm ADV

Dated events

Occurred
Jul 18, 2024
Advisor changed firm
Ivy Monique Alexander left Wbh Advisory, Inc. for Rzh Advisors Llc (registered 2024-07-26)
Form ADVobserved 5 days ago
Occurred
Mar 2, 2022
Regulatory AUM changed
Wbh Advisory, Inc. reported RAUM $1.3B, up 51% from $856.6M (2021-11-05 to 2022-03-02)
Form ADVobserved 5 days ago
$439M

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:aa9f7168-fa23-ed78-72ef-4430199f8b5d
First observed: Jan 20, 2012
Last observed: Apr 30, 2026 4 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

WBH ADVISORY, INC.

CRD 105289

BALTIMORE, MD

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:aa9f7168-fa23-ed78-72ef-4430199f8b5d

Data as of Apr 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 12:38 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

JOHN RAYMOND CICCARONE

n/a

BALTIMORE, MD

n/a

MARC JEFFREY HERTZBERG

Chartered Financial Analyst

BALTIMORE, MD

n/a

ROBERT JOEL WILLEN

Chartered Financial Analyst

BALTIMORE, MD

n/a

BENJAMIN M WALLER

Certified Financial Planner|Chartered Financial Analyst

BALTIMORE, MD

n/a

GREGORY AARON BITZ

Certified Financial Planner|Chartered Financial Consultant

SURFSIDE, FL | BALTIMORE, MD

JACK ARTHUR RAMEY

Certified Financial Planner

BALTIMORE, MD

JOSHUA AKEROYD MASON

Certified Financial Planner

BALTIMORE, MD | CLARKSBURG, MD

CARRIE ELOISE DURBIN BEREN

Certified Financial Planner

BALTIMORE, MD

Conor Jonathan Renn

n/a

KATY, TX | BALTIMORE, MD

n/a

Joel Douglas Hosner

Certified Financial Planner

BALTIMORE, MD

Charles William Kenny

n/a

BALTIMORE, MD

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

HERTZBERG, MARC, JEFFREY

CHIEF COMPLIANCE OFFICER

yes

01/2004

Apr 30, 2026

WALLER, BENJAMIN, M

Shareholder

01/2021

Apr 30, 2026

WILLEN, ROBERT, JOEL

Shareholder

01/2021

Apr 30, 2026

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

MARC J. HERTZBERG

n/a

City

State

Country

Employees

Also broker-dealer

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Apr 30, 2026

$1.7B

n/a

2024

Mar 12, 2025

$1.5B

n/a

2023

Mar 4, 2024

$1.3B

n/a

2022

Feb 16, 2023

$1.1B

n/a

2021

Mar 2, 2022

$1.3B

n/a

2020

Mar 15, 2021

$857M

n/a

2019

Mar 12, 2020

$762M

n/a

2018

Mar 21, 2019

$638M

n/a

2017

Mar 3, 2018

$645M

n/a

2016

Feb 14, 2017

$555M

n/a

2015

Jan 29, 2016

$442M

n/a

2014

Mar 2, 2015

$467M

n/a

2013

Feb 19, 2014

$389M

n/a

2012

Feb 5, 2013

$336M

n/a

2011

Jan 20, 2012

$287M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$1.7B

$1.5B

16.7%

$1.1B

16.1%